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.

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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 - 2019 EUR/Month Quarterly

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.40 21.30 5.30 percent [+]
Employed Persons 917.80 905.60 1404.00 830.00 Thousand [+]
Unemployed Persons 57808.00 53783.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.50 3.00 10.10 1.20 percent [+]
Youth Unemployment Rate 10.50 10.20 40.90 7.60 percent [+]
Labour Costs 124.11 121.10 124.11 34.64 points [+]
Job Vacancies 28712.00 29704.00 29704.00 1643.00 [+]
Wages 783.00 799.00 822.00 113.00 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 68.80 70.00 116.00 48.80 Thousand [+]
Productivity 135.20 134.40 136.70 44.30 points [+]
Employment Change 1.00 -1.10 3.50 -6.70 percent [+]
Employment Rate 65.60 64.70 65.60 50.80 percent [+]
Full Time Employment 797.90 792.80 984.30 720.30 Thousand [+]