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COUNTRY TRADING PROFILES
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Labour market
The active population in figures |
Working conditions |
Cost of labor |
Social partners
The active population in figures
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2009 | 2010 | 2011 | 2012 (e) | 2013 (e) |
| Labor force |
- | 1,178,000 | - | - | - |
| Rate of activity (%) |
- | 61.5 | - | - | - |
| Unemployment rate (%) |
17.3 | 19.0 | 16.1 | 14.5 | 13.0 |
Source:
CIA - The world factbook
; UN - United Nations
; World Bank
Note: (e) Estimated data
Working conditions
- Legal weekly duration
- 40 hours
- Retirement age
- 55 for women and 60 for men.
- Working contracts
- Employment contracts are regulated by law and to a lesser degree by collective agreements.
The terms of employment contracts are very rigid.
Cost of labor
- Minimum wage
- 90 lats (USD156)
- Average wage
- The average net salary is LVL 477 (EUR 680 ). In the public sector, the gross average salary reach LVL 568 (808 EUR), while in the private sector it is LVL 434 (EUR 620).
- Social contributions
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Social security contributions paid by employers: 26.09 %.
Social security contributions paid by employees: 9 %.
© Export Entreprises SA, all rights reserved.
Last updates: May 2012
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