Latvia

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:

LABOUR MARKET

 

 

Labour market indicators

Unemployment rate in 2001: 12.8% (ILO data)


Working population:

Year

Total Population

Working population

Activity rate

2004  

2 303 000  
1 296 221  
56%  
Source : Worldbank


Employment by sector:

Year

Agriculture

Industry

Services

2004  

12.5%  
26.6%  
60.9%  
Sources: ILO, Eurostat, last available data

 

Employment contracts
Employment contracts are regulated by law and to a lesser degree by collective agreements.
The terms of employment contracts are very rigid.


Salaries

National monthly minimum wage as of 01/01/03: 116 euros

Average wage for a employee in the manufacturing industry in 2004: 176.36 lats by  month (ILO data)


Social security contributions

Employer: 26.09 %.

Employee: 9 %.

 

Number of hours

Legal definition of full time work (per week): 40 hours

Retirement age: 55 for women and 60 for men.

 

Unions

Average rate of union membership:50 %.

Unions: N/A.


Useful links

For further informations on the labour market, check out the following web sites:

- International Labour Organization (ILO): studies, statistics and reports on working conditions and labour markets

- NATLEX : ILO database on national labour laws


Last modified in January 2006
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