Latvia Average Salaries & Expenditures

 
Contents
Average Employment Income   Average Salary per Job   Average Salary per Sector   Total Personal Average Income   Consumption Expenditure
Workforce Composition   Vacation Time   Exchange Rates   Cost of Living   References
 

Average Employment Income

:
annual, per worker, incl. dependent & self employment
   Disposable (1)  Gross    
2005
9,742
2,416
  
 
constant 2005 US$ at PPP
current lats
(1)    Based on net salary & business average income per capita and proportion of employed workforce to total population.
Source: Household Budget Survey [32], 2000, 2005.
 
 

Average Salary in Latvia - Job and Sector Comparison.

Job  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Airline Pilot average income PPP $ 2,757 $ 1,225 Adult full-time and part-time employees, 2005. 991 lats 31% 40.1
Computer Programmer average income PPP $ 1,778 $ 790 Insurance industry, adult full-time and part-time employees, 2005. 630 lats 30% 39.5
Accountant average income PPP $ 1,595 $ 709 Adult full-time and part-time employees, 2005. 557 lats 29% 31.0
Engineer average income PPP $ 1,397 $ 621 Chemical engineer, adult full-time and part-time employees, 2005. 488 lats 29% 39.7
Flight Attendant average income PPP $ 1,380 $ 613 Adult full-time and part-time employees, 2005. 482 lats 29% 39.1
Professor average income PPP $ 1,200 $ 533 Adult full-time and part-time employees, 2005. 419 lats 29% 29.8
Professional Nurse average income PPP $ 894 $ 397 Adult full-time and part-time employees, 2005. 308 lats 28% 39.5
Miner average income PPP $ 877 $ 390 Adult full-time and part-time employees, 2005. 302 lats 28% 41.7
Teacher average income PPP $ 804 $ 357 Adult full-time and part-time employees, 2005. 277 lats 28% 31.4
Bus Driver average income PPP $ 790 $ 351 Adult full-time and part-time employees, 2005. 272 lats 28% 42.3
Physiotherapist average income PPP $ 764 $ 339 Adult full-time and part-time employees, 2005. 263 lats 28% 33.7
Wood Grinder average income PPP $ 743 $ 330 Adult full-time and part-time employees, 2005. 256 lats 28% 40.4
Auxiliary Nurse average income PPP $ 701 $ 311 Adult full-time and part-time employees, 2005. 238 lats 27% 39.3
Hotel Receptionist average income PPP $ 662 $ 294 Adult full-time and part-time employees, 2005. 225 lats 27% 36.4
Car Mechanic average income PPP $ 537 $ 239 Adult full-time and part-time employees, men, 2005. 180 lats 26% 36.1
Firefighter average income PPP $ 534 $ 237 Adult full-time and part-time employees, 2005. 179 lats 26% 28.9
Carpenter average income PPP $ 519 $ 231 Adult full-time and part-time employees, 2005. 174 lats 26% 39.2
Furniture Finisher average income PPP $ 475 $ 211 Cabinet maker. Adult full-time and part-time employees, 2005. 157 lats 25% 38.4
Garment Cutter average income PPP $ 448 $ 199 Adult full-time and part-time employees, 2005. 148 lats 25% 37.1
Baker average income PPP $ 423 $ 188 Adult full-time and part-time employees, 2005. 140 lats 25% 37.6
Postman average income PPP $ 402 $ 179 Adult full-time and part-time employees, 2005. 133 lats 25% 30.5
Office Clerk average income PPP $ 402 $ 179 Adult full-time and part-time employees, 2005. 133 lats 25% 28.5
Chambermaid average income PPP $ 390 $ 173 Adult full-time and part-time employees, 2005. 129 lats 25% 34.8
Salesperson average income PPP $ 372 $ 165 Adult full-time and part-time employees, 2005. 123 lats 25% 38.0
Sector              
Financial average income PPP $ 1,660 $ 738 Employees, 2005. 588 lats 30% 37.3
Gas-Electricity-Water average income PPP $ 912 $ 405 Employees, 2005. 314 lats 28% 39.2
Transport-Communication average income PPP $ 772 $ 343 Employees, 2005. 266 lats 28% 42.1
Real Estate average income PPP $ 704 $ 313 Employees, 2005. 239 lats 27% 39.6
Mining-Quarrying average income PPP $ 689 $ 306 Employees, 2005. 234 lats 27% 34.9
Education average income PPP $ 665 $ 296 Employees, 2005. 226 lats 27% 32.6
All Sectors average income PPP $ 665 $ 296 Employees, 2005. 226 lats 27% 42.1
Manufacturing average income PPP $ 589 $ 262 Employees, 2005. 200 lats 27% 40.9
Construction average income PPP $ 540 $ 240 Employees, 2005. 181 lats 26% 42.7
Hotels-Restaurants average income PPP $ 417 $ 185 Employees, 2005. 138 lats 25% 40.4
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by the Central Statistical Bureau of Latvia [32] to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions include social security and income tax. The deductions are representative of single-earner-married-without-child status, and take into account family benefits in terms of cash transfers.
  (4) The weekly hours are based on data supplied by the Central Statistical Bureau of Latvia [32] to the International Labour Organization [9]. The hours by job and by sector correspond to the hours actually worked.
 
 
 
 

Personal Average Income

:
annual, per capita, incl. non-monetary income
   Disposable   Gross   Salary (1)  Business (1)  Property   Transfer (1),(2)    
2005
5,339
1,324
  
 
3,488
865
  
528
131
  
 
1,286
319
  
constant 2005 US$ at PPP
current lats
2000
3,950
830
  
 
2,289
481
  
 
 
 
(1)    Net income.
(2)    Incl. pensions.
Source: Household Budget Survey [32], 2000, 2005.
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food   Apparel   Education   Transport     
2003
5,237
1,195
  
188
43
  
947
216
  
1,696
387
  
394
90
  
83
19
  
561
128
  
constant 2005 US$ at PPP
current lats
(1)    Incl. actual rentals, water, supply, repairs, fuel and lighting, furniture, household equipment.
Source: Household Budget Survey [9].
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 12.1   14.9   8.7   1.9   88.4   9.6  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
1.04 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
2.27 million (2006).
Source:   CIA World Factbook [b].
 

Vacation Time

 :  
4 weeks per year (legally required minimum vacation time) [e].
 

Inflation

 :  
143.7 (2001), 146.5 (2002), 150.8 (2003), 159.5 (2004), 165.1 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
0.238 (2000), 0.238 (2001), 0.239 (2002), 0.242 (2003), 0.245 (2004), 0.248 (2005);
Source:   IMF PPP exchange rates [d], lats per U.S. dollar.
 

Nominal Exchange Rate

 :  
0.625 (2001), 0.615 (2002), 0.566 (2003), 0.535 (2004), 0.558 (2005);
Source:   Interbank nominal exchange rates [a], lats per U.S. dollar.
 

Cost of Living

 :  
0.381 (2001), 0.389 (2002), 0.428 (2003), 0.458 (2004), 0.444 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References
 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[32]   Latvijas Statistika.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[b]   CIA World Factbook.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
[t]   Database of the Latvia Central Bureau of Statistics, net and gross income by sector.
 
Other links:
Social Security in Latvia, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Latvia Economy Overview, CIA World Factbook.
Latvia: Selected Internet Resources, U.S. Library of Congress.
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