Latvia: Labor cost

* indicates monthly or quarterly data series
 Latvia

Labor cost index

 Latest value 134.5
 Reference Q1 2024
 Measure index points
 Data availability Q1 2000 - Q1 2024
 Average 61.42
 Min - Max 17 - 134.5
 Source Eurostat
For that indicator, we provide data for Latvia from Q1 2000 to Q1 2024. The average value for Latvia during that period was 61.42 index points with a minimum of 17 index points in Q1 2000 and a maximum of 134.5 index points in Q1 2024. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series


Recent values chart
Latvia - Labor cost - recent values

Historical chart
Latvia - Labor cost - historical chart - 2000-2024
Measure: index points
Source: Eurostat


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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 0.97 2023 million people
 Unemployment rate 6.81 2022 percent
 Female unemployment 5.09 2023 percent
 Male unemployment 7.83 2023 percent
 Youth unemployment 12.19 2023 percent
 Labor force participation 61.43 2023 percent
 Labor force: percent female 49.44 2023 percent
 Female labor force participation 55.68 2023 percent
 Male labor force participation 68.33 2023 percent
 Self-employment 13.40 2022 percent
 Employment 0.89 Q3/2023 million employed people
 Unemployment rate 6.40 9/2023 percent
 Labor cost 125.30 Q3/2023 index points
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