Minimum Wages in Latvia remained unchanged at 430 EUR/Month in the third quarter of 2020.

Minimum Wages in Latvia averaged 242.10 EUR/Month from 1999 until 2020, 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. This page provides - Latvia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Gross Minimum Monthly Wage - values, historical data and charts - was last updated on October of 2020.

Minimum Wages in Latvia is expected to be 480.00 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 540.00 in 12 months time. In the long-term, the Latvia Gross Minimum Monthly Wage is projected to trend around 540.00 EUR/Month in 2021, according to our econometric models.

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Latvia Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
430.00 430.00 430.00 75.18 1999 - 2020 EUR/Month Quarterly

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.60 7.40 21.30 5.30 percent [+]
Employed Persons 892.10 902.10 1404.00 830.00 Thousand [+]
Unemployed Persons 70306.00 75013.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 1.80 10.10 1.20 percent [+]
Youth Unemployment Rate 16.30 17.60 40.80 7.50 percent [+]
Labour Costs 131.82 132.41 132.41 34.64 points [+]
Job Vacancies 19753.00 18255.00 29704.00 1643.00 [+]
Wages 836.00 815.00 846.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 Million [+]
Retirement Age Women 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 70.10 69.90 70.20 59.90 percent [+]
Productivity 117.50 112.00 117.50 40.90 points [+]
Part Time Employment 68.30 94.80 116.00 48.80 Thousand [+]
Employment Change -4.40 0.10 3.40 -6.70 percent [+]
Employment Rate 64.10 64.70 65.60 50.80 percent [+]
Full Time Employment 782.60 763.30 984.30 720.30 Thousand [+]