Real minimum wages at constant prices — Statutory minimum wages in Latvia
Latvia: Real minimum wages at constant prices — Statutory minimum wages was 10,034 US dollars, exchange rate converted in 2025. ◆ Volatile
Real minimum wages at constant prices — Statutory minimum wages in Latvia, 1992–2025
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Latvia recorded 10,034 US dollars, exchange rate converted for real minimum wages at constant prices — statutory minimum wages in 2025. That is the highest value across all 34 years on record.
That represents a change of up 1.9% on the previous year and up 36.1% over ten years.
Over the whole period, real minimum wages at constant prices — statutory minimum wages in Latvia peaked at 10,034 US dollars, exchange rate converted in 2025 and was at its lowest, 1,568 US dollars, exchange rate converted, in 1992.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,093 US dollars, exchange rate converted | 1,568 US dollars, exchange rate converted | 2,712 US dollars, exchange rate converted | 8 |
| 2000s | 3,791 US dollars, exchange rate converted | 2,642 US dollars, exchange rate converted | 5,567 US dollars, exchange rate converted | 10 |
| 2010s | 6,882 US dollars, exchange rate converted | 5,628 US dollars, exchange rate converted | 8,330 US dollars, exchange rate converted | 10 |
| 2020s | 8,944 US dollars, exchange rate converted | 7,760 US dollars, exchange rate converted | 10,034 US dollars, exchange rate converted | 6 |
Countries ranked near Latvia
- 6 Belgium 28,590 US dollars, exchange rate converted compare
- 7 New Zealand 28,311 US dollars, exchange rate converted compare
- 8 Canada 24,652 US dollars, exchange rate converted compare
- 9 France 24,432 US dollars, exchange rate converted compare
- 10 Israel 21,400 US dollars, exchange rate converted compare
- 11 Spain 18,731 US dollars, exchange rate converted compare
- 12 United States 15,080 US dollars, exchange rate converted compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 15.41 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 17 - Trade by 11,326 US dollar (2022)
- Environmentally related tax revenue 2.48 Percentage of GDP (2024)
- Africa's Development Dynamics (AfDD) Table 28 - International trade 52.21 Percentage of merchandise value (2020)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 180.86 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 49.68 Percentage of GDP (2019)
Frequently asked questions
- What is real minimum wages at constant prices — statutory minimum wages in Latvia?
- Real minimum wages at constant prices — statutory minimum wages in Latvia was 10,034 US dollars, exchange rate converted in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest real minimum wages at constant prices — statutory minimum wages recorded in Latvia?
- The highest recorded value was 10,034 US dollars, exchange rate converted in 2025.
- What is the lowest real minimum wages at constant prices — statutory minimum wages recorded in Latvia?
- The lowest recorded value was 1,568 US dollars, exchange rate converted in 1992.
- How does Latvia rank for real minimum wages at constant prices — statutory minimum wages?
- Latvia ranks 9th out of 9 regions with data for 2025.
- Is real minimum wages at constant prices — statutory minimum wages rising or falling in Latvia?
- Over the last ten years it is up 36.1%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Real minimum wages at constant prices — Statutory minimum wages. Statizoid updates them automatically from the source API.
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About this data
Real minimum wages are statutory minimum wages converted into a common hourly and annual pay period for the 30 OECD countries and two other non-member countries for which they are available. Real hourly and annual minimum wages are calculated first by deflating the series using the consumer price index taking 2024 as the base year then converted into common currency units 1) US dollars (USD) and 2) USD using Purchasing Power Parities (PPPs) for private consumption expenditures in 2024.