Wages in Latvia decreased to 783 EUR/Month in September from 799 EUR/Month in August of 2019. Wages in Latvia averaged 395.49 EUR/Month from 1997 until 2019, reaching an all time high of 822 EUR/Month in July of 2019 and a record low of 113 EUR/Month in January of 1997.

Wages in Latvia is expected to be 840.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Latvia to stand at 880.00 in 12 months time. In the long-term, the Latvia Average Monthly Net Wages is projected to trend around 880.00 EUR/Month in 2020, according to our econometric models.

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Latvia Average Monthly Net Wages

Actual Previous Highest Lowest Dates Unit Frequency
783.00 799.00 822.00 113.00 1997 - 2019 EUR/Month Monthly
Current Prices, NSA


Latvia Average Monthly Net Wages
In Latvia, wages are benchmarked using average monthly earnings.

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 2.20 2.50 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 69.90 69.00 70.20 59.90 percent [+]
Part Time Employment 76.60 68.80 116.00 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 800.80 797.90 984.30 720.30 Thousand [+]