Latvia  Minimum Wage, Labor Law, and Employment Data Sheet Latvia Minimum Wage Rate 2024

Appx. Yearly Minimum Wage
$5,333.00 USD
Rank by Min. Wage
38 / 197
Gross National Product
$6,398.00 USD

Latvia has a government-mandated minimum wage, and no worker in Latvia can be paid less then this mandatory minimum rate of pay. Employers in Latvia who fail to pay the Minimum Wage may be subject to punishment by Latvia's government.

What is the Latvia Minimum Wage?

Latvia's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.

The Latvia minimum wage is €370 a month for all workers. Latvia's minimum wage was last changed in 1-Jan-2016.

How does Latvia's minimum wage compare to the minimum wage in other countries?

Latvia's yearly minimum wage is $5,333.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 38 countries with a higher Minimum Wage then Latvia, and Latvia is in the top 19 percent of all countries based on the yearly minimum wage rate.

Facts and statistics about Latvia

Latvia is a country located in the Baltic Countries region with a population of 2,424,200 and an average life span of 68.4 years.

Local Name Latvija
Gross National Product $6,398.00
Government Type Republic
Current Leader Vaira Vike-Freiberga
Independence Year 1991
Continent & Region Europe, Baltic Countries
Surface Area 64,589 square kilometers
ISO 3166 Country Code LV

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