Labour cost index by NACE Rev. 2 activity - country weights in Latvia
Latvia: Labour cost index by NACE Rev. 2 activity - country weights was 2.2 in 2024. ▲ Rising
Labour cost index by NACE Rev. 2 activity - country weights in Latvia, 2008–2024
Source: Eurostat.
Analysis
Latvia recorded 2.2 for labour cost index by nace rev. 2 activity - country weights in 2024. That is the highest value across all 16 years on record.
That represents a change of up 4.8% on the previous year and up 37.5% over ten years.
Over the whole period, labour cost index by nace rev. 2 activity - country weights in Latvia peaked at 2.2 in 2024 and was at its lowest, 1.3, in 2010.
Latvia ranks 36th of 42 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Labour cost index by NACE Rev. 2 activity - country weights in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 2 | — |
| 2009 | 1.5 | -25.0% |
| 2010 | 1.3 | -13.3% |
| 2011 | 1.3 | +0.0% |
| 2012 | 1.5 | +15.4% |
| 2013 | 1.6 | +6.7% |
| 2014 | 1.6 | +0.0% |
| 2015 | 1.7 | +6.2% |
| 2016 | 1.7 | +0.0% |
| 2017 | 1.8 | +5.9% |
| 2018 | 1.7 | -5.6% |
| 2019 | 1.8 | +5.9% |
| 2020 | 2 | +11.1% |
| 2022 | 2 | +0.0% |
| 2023 | 2.1 | +5.0% |
| 2024 | 2.2 | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.75 | 1.5 | 2 | 2 |
| 2010s | 1.6 | 1.3 | 1.8 | 10 |
| 2020s | 2.08 | 2 | 2.2 | 4 |
Countries ranked near Latvia
More work & labour data for Latvia
- Africa's Development Dynamics (AfDD) Table 32 - Employment by 62.58 Persons (2022)
- Africa's Development Dynamics (AfDD) Table 32 - Employment by 26.74 Persons (2022)
- Employment rates by educational attainment level, country of birth 71.9% (2025)
- Employed persons by professional status and NUTS 2 region 883.1 Thousand persons (2025)
- Labour force participation rates by educational attainment level 77.6% (2025)
- Population in private households by citizenship, labour status and 1,369 Thousand persons (2025)
- Population in private households by country of birth, labour status 1,369 Thousand persons (2025)
- Employed persons by job tenure and NUTS 2 region 883.1 Thousand persons (2025)
- Employed persons by educational attainment level and NUTS 2 region 883.1 Thousand persons (2025)
- Labour force by NUTS 2 region 948.9 Thousand persons (2025)
Frequently asked questions
- What is labour cost index by nace rev. 2 activity - country weights in Latvia?
- Labour cost index by nace rev. 2 activity - country weights in Latvia was 2.2 in 2024, according to Eurostat.
- What is the highest labour cost index by nace rev. 2 activity - country weights recorded in Latvia?
- The highest recorded value was 2.2 in 2024.
- What is the lowest labour cost index by nace rev. 2 activity - country weights recorded in Latvia?
- The lowest recorded value was 1.3 in 2010.
- How does Latvia rank for labour cost index by nace rev. 2 activity - country weights?
- Latvia ranks 36th out of 42 countries with data for 2024.
- Is labour cost index by nace rev. 2 activity - country weights rising or falling in Latvia?
- Over the last ten years it is up 37.5%. 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 Labour cost index by NACE Rev. 2 activity - country weights. Statizoid updates them automatically from the source API.
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