Compensation per employee and hours worked per employed person by in Latvia
Latvia: Compensation per employee and hours worked per employed person by was 26,700 Euro in 2024. ▲ Rising
Compensation per employee and hours worked per employed person by in Latvia, 2000–2024
Source: Eurostat. Measured in Euro.
Analysis
The most recent figure for compensation per employee and hours worked per employed person by in Latvia is 26,700 Euro, measured in 2024. That is the highest value across all 25 years on record.
The figure is up 10.3% on the previous year and up 103.8% over ten years.
Over the whole period, compensation per employee and hours worked per employed person by in Latvia peaked at 26,700 Euro in 2024 and was at its lowest, 4,600 Euro, in 2000.
That places Latvia 27th out of 40 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Compensation per employee and hours worked per employed person by in Latvia, year by year
| Year | Euro | Change |
|---|---|---|
| 2000 | 4,600 Euro | — |
| 2001 | 4,700 Euro | +2.2% |
| 2002 | 4,800 Euro | +2.1% |
| 2003 | 4,900 Euro | +2.1% |
| 2004 | 5,400 Euro | +10.2% |
| 2005 | 6,500 Euro | +20.4% |
| 2006 | 7,900 Euro | +21.5% |
| 2007 | 10,600 Euro | +34.2% |
| 2008 | 12,500 Euro | +17.9% |
| 2009 | 11,100 Euro | -11.2% |
| 2010 | 10,300 Euro | -7.2% |
| 2011 | 10,600 Euro | +2.9% |
| 2012 | 11,500 Euro | +8.5% |
| 2013 | 12,100 Euro | +5.2% |
| 2014 | 13,100 Euro | +8.3% |
| 2015 | 14,100 Euro | +7.6% |
| 2016 | 15,000 Euro | +6.4% |
| 2017 | 16,100 Euro | +7.3% |
| 2018 | 17,400 Euro | +8.1% |
| 2019 | 18,300 Euro | +5.2% |
| 2020 | 18,800 Euro | +2.7% |
| 2021 | 20,200 Euro | +7.4% |
| 2022 | 22,800 Euro | +12.9% |
| 2023 | 24,200 Euro | +6.1% |
| 2024 | 26,700 Euro | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7,300 Euro | 4,600 Euro | 12,500 Euro | 10 |
| 2010s | 13,850 Euro | 10,300 Euro | 18,300 Euro | 10 |
| 2020s | 22,540 Euro | 18,800 Euro | 26,700 Euro | 5 |
Countries ranked near Latvia
More work & labour data for Latvia
- Population - Est. & Proj. — Total Population - Both sexes, annual -1.02 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -1 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -1.04 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.94 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate -0.2718 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 1,152 1000 No (2050)
- Population - Est. & Proj. — Rural population 365.13 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 470.3 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 455.07 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 925.37 1000 No (2100)
Frequently asked questions
- What is compensation per employee and hours worked per employed person by in Latvia?
- Compensation per employee and hours worked per employed person by in Latvia was 26,700 Euro in 2024, according to Eurostat.
- What is the highest compensation per employee and hours worked per employed person by recorded in Latvia?
- The highest recorded value was 26,700 Euro in 2024.
- What is the lowest compensation per employee and hours worked per employed person by recorded in Latvia?
- The lowest recorded value was 4,600 Euro in 2000.
- How does Latvia rank for compensation per employee and hours worked per employed person by?
- Latvia ranks 27th out of 40 countries with data for 2024.
- Is compensation per employee and hours worked per employed person by rising or falling in Latvia?
- Over the last ten years it is up 103.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Compensation per employee and hours worked per employed person by NUTS 2 region and by industry. Statizoid updates them automatically from the source API.
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