Markets

Latvia

Unemployment Rate
6.40%
Average Salary
1 462 EUR
Economically Active Population
945 thousand
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About Latvia

Latvia's highly educated, multilingual workforce offers a diverse skill set, well-suited to various industries. Competitive labor costs without compromising quality make hiring in Latvia an economically attractive option. The country's strategic location ensures easy collaboration with European markets, enhancing business connectivity. Government initiatives and a favorable regulatory environment simplify the hiring process for foreign companies. By choosing to hire in Latvia, you are investing in talent that bridges innovation, efficiency, and global integration. 

Data

Unemployment
Whole country: 6.40%
Capital city: 4.40%
Average salary
Whole country: 1 462 EUR
Capital city: 1 630 EUR
Population
Population: 1.9 million
Economically active population: 945 thousands
Education split
Primary: 14%
Secondary: 40%
Vocational: 13%
Higher: 30%
Other: 3%
Currency
EUR
Strongest industries
Manufacturing
Trade
Transport
ICT