Hourly labour costs by NACE Rev. 1.1 activity in Latvia
Latvia: Hourly labour costs by NACE Rev. 1.1 activity was 5.7 in 2008. ▲ Rising
Hourly labour costs by NACE Rev. 1.1 activity in Latvia, 1998–2008
Source: Eurostat.
Analysis
Latvia recorded 5.7 for hourly labour costs by nace rev. 1.1 activity in 2008. That is the highest value across all 11 years on record.
That represents a change of up 21.8% on the previous year and up 241.3% over ten years.
Over the whole period, hourly labour costs by nace rev. 1.1 activity in Latvia peaked at 5.7 in 2008 and was at its lowest, 1.67, in 1998.
Latvia ranks 23rd of 28 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Hourly labour costs by NACE Rev. 1.1 activity in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 1.67 | — |
| 1999 | 1.87 | +12.0% |
| 2000 | 2.24 | +19.8% |
| 2001 | 2.34 | +4.5% |
| 2002 | 2.5 | +6.8% |
| 2003 | 2.49 | -0.4% |
| 2004 | 2.64 | +6.0% |
| 2005 | 2.91 | +10.2% |
| 2006 | 3.58 | +23.0% |
| 2007 | 4.68 | +30.7% |
| 2008 | 5.7 | +21.8% |
Latvia compared with similar countries
- Latvia's 5.7 is below the median for Europe & Central Asia, which is 12.84, 44% of the median. (20 countries reporting)
- Latvia's 5.7 is below the median for high income countries, which is 12.71, 45% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.77 | 1.67 | 1.87 | 2 |
| 2000s | 3.23 | 2.24 | 5.7 | 9 |
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 hourly labour costs by nace rev. 1.1 activity in Latvia?
- Hourly labour costs by nace rev. 1.1 activity in Latvia was 5.7 in 2008, according to Eurostat.
- What is the highest hourly labour costs by nace rev. 1.1 activity recorded in Latvia?
- The highest recorded value was 5.7 in 2008.
- What is the lowest hourly labour costs by nace rev. 1.1 activity recorded in Latvia?
- The lowest recorded value was 1.67 in 1998.
- How does Latvia rank for hourly labour costs by nace rev. 1.1 activity?
- Latvia ranks 23rd out of 28 countries with data for 2008.
- Is hourly labour costs by nace rev. 1.1 activity rising or falling in Latvia?
- Over the last ten years it is up 241.3%. 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 Hourly labour costs by NACE Rev. 1.1 activity. Statizoid updates them automatically from the source API.
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