Wages in Latvia increased to 836 EUR/Month in June from 815 EUR/Month in May of 2020.

Wages in Latvia averaged 408.80 EUR/Month from 1997 until 2020, reaching an all time high of 846 EUR/Month in December of 2019 and a record low of 113 EUR/Month in January of 1997. This page provides - Latvia Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Average Monthly Net Wages - values, historical data and charts - was last updated on October of 2020. source: Central Statistical Bureau of Latvia

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 2021, according to our econometric models.

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Latvia Average Monthly Net Wages

Actual Previous Highest Lowest Dates Unit Frequency
836.00 815.00 846.00 113.00 1997 - 2020 EUR/Month Monthly
Current Prices, NSA

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 75013.00 77998.00 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 63.25 63.00 63.25 59.50 [+]
Retirement Age Men 63.25 63.00 63.25 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 [+]


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