Latvia: Moderate Growth in Income

BusinessEconomy ♦ Published: March 1, 2013; 14:03 ♦ (Vindobona)

During 2012 wages and salaries increased by LVL 17 or 3.7%.

Latvia: Moderate Growth in Income / Picture: ©

Data compiled by the Central Statistical Bureau (CSB) show that average monthly wages and salaries in 2012 comprised LVL 481, and their increase rate has reduced, as compared to the year before. Rise in the wages and salaries in 2011 constituted 4.4%, moreover it was similar in both public and private sector – 4.7% and 4.6%, respectively; whereas in 2012 more notable increase was…

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