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
The most recent figure for labour cost index by nace rev. 2 activity - country weights in Latvia is 2.2, measured in 2024. That is the highest value across all 16 years on record.
The figure is 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.
That places Latvia 28th out of 32 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
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
- 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 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 28th out of 32 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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