Wages in Latvia increased to 1345 EUR/Month in March from 1284 EUR/Month in February of 2025. This dataset provides - Latvia Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Latvia Household Income per Capita

• Latvia Annual Household Income per Capita reached 11,002.589 USD in Dec 2023, compared with the previous value of 9,336.390 USD in Dec 2022.
• Latvia Annual Household Income per Capita data is updated yearly, available from Dec 2004 to Dec 2023, with an averaged value of 5,720.879 USD.
• The data reached an all-time high of 11,002.589 USD in Dec 2023 and a record low of 2,206.397 USD in Dec 2004.
• In the latest reports, Retail Sales of Latvia grew 2.055 % YoY in Jan 2025.

Average annual wages saw a steady development in Latvia over the given period. The figures increased more than sevenfold between 2000 and 2023, having reached around 22,600 euros in the latest year observed.

A steady growth in average monthly wages in Latvia was observed over the given period. In 2023, the average wage in the country exceeded 1,500 euros per month. The average annual wage in the country was measured at around 20,000 euros in 2022.

In 2023, Latvia's average disposable income per one equivalent consumer exceeded 14,990 euros. That marked an increase from around 13,000 euros in the previous year. After a brief drop in 2010, the figure has been growing year-over-year.

Latvia Wages and Salaries: Net data was reported at 1,325.000 EUR in Dec 2024. This records an increase from the previous number of 1,225.000 EUR for Nov 2024. Latvia Wages and Salaries: Net data is updated monthly, averaging 486.000 EUR from Jan 1997 (Median) to Dec 2024, with 336 observations. The data reached an all-time high of 1,325.000 EUR in Dec 2024 and a record low of 113.000 EUR in Jan 1997. Latvia Wages and Salaries: Net data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.G017: Average Wages and Salaries: by Sector.

The Gross Domestic Product per capita in Latvia was last recorded at 16703.90 US dollars in 2023. The GDP per Capita in Latvia is equivalent to 132 percent of the world's average. This dataset provides the latest reported value for - Latvia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Latvia Average Wages and Salaries: Gross: AR: Gambling and Betting Activities data was reported at 1,184.340 EUR in Jun 2018. This records an increase from the previous number of 1,032.700 EUR for May 2018. Latvia Average Wages and Salaries: Gross: AR: Gambling and Betting Activities data is updated monthly, averaging 759.345 EUR from Jan 2008 (Median) to Jun 2018, with 126 observations. The data reached an all-time high of 1,184.340 EUR in Jun 2018 and a record low of 558.460 EUR in Feb 2010. Latvia Average Wages and Salaries: Gross: AR: Gambling and Betting Activities data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.G018: Average Wages and Salaries: Statistical Classification of Economic Activities Revision 2.

Latvia Wages and Salaries: Gross: Manufacturing (Mfg) data was reported at 1,737.000 EUR in Dec 2024. This records an increase from the previous number of 1,560.000 EUR for Nov 2024. Latvia Wages and Salaries: Gross: Manufacturing (Mfg) data is updated monthly, averaging 732.000 EUR from Jan 2005 (Median) to Dec 2024, with 240 observations. The data reached an all-time high of 1,737.000 EUR in Dec 2024 and a record low of 270.000 EUR in Feb 2005. Latvia Wages and Salaries: Gross: Manufacturing (Mfg) data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.G018: Average Wages and Salaries: Statistical Classification of Economic Activities Revision 2.

Key information about Latvia Monthly Earnings

• Latvia Monthly Earnings stood at 1,924 USD in Dec 2024, compared with the previous figure of 1,803 USD in Nov 2024
• Latvia Monthly Earnings data is updated monthly, available from Jan 1997 to Dec 2024, with an average number of 899 USD
• The data reached the an all-time high of 1,924 USD in Dec 2024 and a record low of 188 USD in Feb 1997

• In the latest reports, Latvia Population reached 2 million people in Dec 2023
• Unemployment Rate of Latvia remained the same at 7 % in Jan 2025
• The country's Labour Force Participation Rate dropped to 68 % in Dec 2024

Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population (%) in Latvia was reported at 4.64 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - Annualized average growth rate in per capita real survey mean consumption or income, bottom 40% of population - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Latvia - Median relative income of elderly people (60+) was 0.67% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Median relative income of elderly people (60+) - last updated from the EUROSTAT on June of 2025. Historically, Latvia - Median relative income of elderly people (60+) reached a record high of 0.87% in December of 2011 and a record low of 0.60% in December of 2019.

Latvia: Personal income per capita, U.S. dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Latvia from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

Average gross salaries have been steadily climbing up in Latvia over the given period. In the second quarter of 2021 the figures were measured at 1,237 euros per month.

Latvia: Income from natural resources, percent of GDP: The latest value from 2021 is 1.17 percent, a decline from 1.27 percent in 2020. In comparison, the world average is 6.83 percent, based on data from 186 countries. Historically, the average for Latvia from 1995 to 2021 is 1.51 percent. The minimum value, 0.71 percent, was reached in 2008 while the maximum of 2.83 percent was recorded in 1999.

Adjusted net national income per capita (current US$) in Latvia was reported at 16239 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Latvia - Adjusted net national income per capita - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

This dataset contains data on annual average hourly earnings of industrial workers by profession in Riga in 1919-1939. Dataset "Annual Average Hourly Earnings of Industrial Workers by Profession in Riga (Latvia), 1919-1939" was published implementing project "Historical Sociology of Modern Restorations: a Cross-Time Comparative Study of Post-Communist Transformation in the Baltic States" from 2018 to 2022. Project leader is prof. Zenonas Norkus. Project is funded by the European Social Fund according to the activity "Improvement of researchers' qualification by implementing world-class R&D projects' of Measure No. 09.3.3-LMT-K-712".

Latvia: Income, profits, and capital gains taxes: percent of revenue: The latest value from 2022 is 12.11 percent, an increase from 10.78 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Latvia from 1995 to 2022 is 14.55 percent. The minimum value, 6.87 percent, was reached in 2019 while the maximum of 22.42 percent was recorded in 2008.

Latvia HD: per Capita: Monthly Avg: Income from Self Employment data was reported at 13.320 EUR in 2016. This records a decrease from the previous number of 15.570 EUR for 2015. Latvia HD: per Capita: Monthly Avg: Income from Self Employment data is updated yearly, averaging 12.230 EUR from Dec 2004 (Median) to 2016, with 13 observations. The data reached an all-time high of 15.990 EUR in 2014 and a record low of 7.970 EUR in 2009. Latvia HD: per Capita: Monthly Avg: Income from Self Employment data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.H012: Household Disposable Income per Capita: Monthly Average.

Latvia - The real gross disposable income of households per capita (index = 2008) was EUR126.08 Million in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - The real gross disposable income of households per capita (index = 2008) - last updated from the EUROSTAT on May of 2025. Historically, Latvia - The real gross disposable income of households per capita (index = 2008) reached a record high of EUR126.51 Million in December of 2021 and a record low of EUR75.14 Million in December of 2005.