Minimum wages in Latvia were at 430 EUR/Month in 2019. Minimum Wages in Latvia averaged 228.35 EUR/Month from 1999 until 2019, reaching an all time high of 430 EUR/Month in the second quarter of 2018 and a record low of 75.18 EUR/Month in the second quarter of 1999.

Minimum Wages in Latvia is expected to be 430.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Latvia to stand at 480.00 in 12 months time. In the long-term, the Latvia Gross Minimum Monthly Wage is projected to trend around 540.00 EUR/Month in 2020, according to our econometric models.

Latvia Gross Minimum Monthly Wage
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Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 6.90 21.30 5.30 percent [+]
Employed Persons 905.60 903.60 1404.00 830.00 Thousand [+]
Unemployed Persons 55373.00 55750.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 3.00 3.00 10.10 1.20 percent [+]
Youth Unemployment Rate 10.30 10.70 40.90 7.40 percent [+]
Labour Costs 119.34 114.48 169.58 43.69 Index Points [+]
Job Vacancies 27763.00 21048.00 27763.00 1643.00 [+]
Wages 791.00 748.00 794.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.93 1.95 2.67 1.93 Million [+]
Retirement Age Women 63.25 63.00 63.25 59.50 [+]
Retirement Age Men 63.25 63.00 63.25 62.00 [+]
Labor Force Participation Rate 69.00 69.20 70.20 59.90 percent [+]
Part Time Employment 70.00 67.00 116.00 48.80 Thousand [+]
Productivity 117.70 136.70 136.70 44.30 Index Points [+]
Employment Change 0.40 -0.60 3.50 -6.70 percent [+]
Employment Rate 64.70 64.40 65.30 50.80 percent [+]
Full Time Employment 792.80 802.50 984.30 720.30 Thousand [+]


Latvia Gross Minimum Monthly Wage

This page provides - Latvia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
430.00 430.00 430.00 75.18 1999 - 2019 EUR/Month Quarterly




Country Last Previous
Argentina 12500.00 Jun/19
Australia 740.80 Jul/19
Brazil 998.00 Aug/19
Canada 14.00 Dec/19
China 2480.00 Apr/19
France 1521.22 Dec/19
Germany 9.19 Jan/19
India 176.00 Dec/18
Indonesia 3.94 Jan/19
Japan 874.00 Oct/18
Mexico 102.68 Jun/19
Netherlands 1635.60 Dec/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


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