Compensation of employees (% of expense) in Latvia
Latvia: Compensation of employees (% of expense) was 19.2% in 2023. ▼ Falling
Compensation of employees in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for compensation of employees in Latvia is 19.2%, measured in 2023.
Compared with earlier readings it is up 10.4% on the previous year and up 18.5% over ten years.
Over the whole period, compensation of employees in Latvia peaked at 23.5% in 1995 and was at its lowest, 14.1%, in 2010.
That places Latvia 100th out of 155 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 30 years of available data.
Compensation of employees (% of expense) in Latvia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1994 | 18.3% | — |
| 1995 | 23.5% | +28.7% |
| 1996 | 23.1% | -1.7% |
| 1997 | 18.4% | -20.4% |
| 1998 | 17.1% | -7.4% |
| 1999 | 18.0% | +5.2% |
| 2000 | 19.3% | +7.4% |
| 2001 | 20.4% | +5.5% |
| 2002 | 20.0% | -1.6% |
| 2003 | 22.0% | +9.7% |
| 2004 | 19.1% | -13.0% |
| 2005 | 19.0% | -0.5% |
| 2006 | 18.3% | -3.5% |
| 2007 | 21.8% | +18.8% |
| 2008 | 20.6% | -5.3% |
| 2009 | 16.8% | -18.6% |
| 2010 | 14.1% | -16.2% |
| 2011 | 15.4% | +9.6% |
| 2012 | 15.7% | +1.7% |
| 2013 | 16.2% | +3.0% |
| 2014 | 16.5% | +2.3% |
| 2015 | 17.2% | +4.1% |
| 2016 | 18.1% | +5.0% |
| 2017 | 18.7% | +3.7% |
| 2018 | 18.7% | -0.1% |
| 2019 | 18.7% | +0.1% |
| 2020 | 18.3% | -2.2% |
| 2021 | 17.5% | -4.7% |
| 2022 | 17.4% | -0.6% |
| 2023 | 19.2% | +10.4% |
Latvia compared with similar countries
- Latvia's 19.2% is above the median for high income countries, which is 18.9%, 1.0× the median. (56 countries reporting)
- Latvia's 19.2% is above the median for Europe & Central Asia, which is 16.4%, 1.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.7% | 17.1% | 23.5% | 6 |
| 2000s | 19.7% | 16.8% | 22.0% | 10 |
| 2010s | 16.9% | 14.1% | 18.7% | 10 |
| 2020s | 18.1% | 17.4% | 19.2% | 4 |
Countries ranked near Latvia
More public sector data for Latvia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 5.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -76.19 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Latvia?
- Compensation of employees in Latvia was 19.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Latvia?
- The highest recorded value was 23.5% in 1995.
- What is the lowest compensation of employees recorded in Latvia?
- The lowest recorded value was 14.1% in 2010.
- How does Latvia rank for compensation of employees?
- Latvia ranks 100th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Latvia?
- Over the last ten years it is up 18.5%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (% of expense). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.