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Latvia - 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: World Bank


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 2001 : 140 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


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Last modified in January 2006
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