🇱🇻Latvia average salary
Latvia's average salary is 22,262 €/year as of 2024, from official Eurostat data. It rose from 20,209 €/year the previous year. Over the period shown it has ranged from 2,703 €/year to 22,262 €/year. That is 21,250 €/year below the euro-area average of 43,512 €/year — the 20th of 26 European countries that report it.
The average salary is gross, before income tax and social contributions: all wages and salaries paid in the economy divided by the number of employees, then adjusted to a full-time job using labour force survey hours. Eurostat calculates it from national accounts so that countries can be compared. It is a yearly amount, not a median and not the pay of any particular job. Eurostat does not publish it for the Netherlands, where Statistics Netherlands uses a different method.
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Latvia average salary — frequently asked questions
- What is Latvia's average salary?
- Latvia's average salary is 22,262 €/year as of 2024, from official Eurostat data.
- How does Latvia's average salary compare with the euro area?
- It is the 20th-highest of 26 European countries that report it, against a euro-area average of 43,512 €/year.
- Is Latvia's average salary rising or falling?
- It rose from 20,209 €/year to 22,262 €/year in the latest reading (2024).
- What does “average salary” measure?
- The average salary is gross, before income tax and social contributions: all wages and salaries paid in the economy divided by the number of employees, then adjusted to a full-time job using labour force survey hours. Eurostat calculates it from national accounts so that countries can be compared. It is a yearly amount, not a median and not the pay of any particular job. Eurostat does not publish it for the Netherlands, where Statistics Netherlands uses a different method.
Latvia — more indicators
- Inflation rate
- Food inflation
- Unemployment rate
- GDP growth
- Industrial production
- Retail sales
- Youth unemployment rate
- Government debt
- Government budget balance
- Mortgage rate
- Business lending rate
- Deposit rates
- 10-year bond yield
- 10-year Bund spread
- Economic sentiment
- Industrial confidence
- Services confidence
- Retail confidence
- Construction confidence
- Consumer confidence
- Rent inflation
- House price growth
- Food price level
- New home price growth
- Existing home price growth
- Housing cost overburden rate
- Home ownership rate
- Building permit growth
- Petrol price
- Diesel price
- Minimum wage
- Household electricity price
- Household gas price