Average disposable income per capita in Latvia 2004-2022

Published by A. Melkadze, Feb 11, 2024

In 2022, Latvia's average disposable income per one equivalent consumer exceeded 13,100 euros. That marked an increase from around 12,000 euros in the previous year. After a brief drop in 2010, the figure has been growing year-over-year.

Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022 (in euros)

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Source

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Release date

February 2024

Region

Latvia

Survey time period

2004 to 2022

Supplementary notes

The source specified the following definition of an "equivalent consumer (adult)": "In order to ensure that comparison of income levels is based also on differences in household size and composition, the income amounts need to be calculated “per equivalent adult”. For the calculations, it was decided to use modified OECD equivalence scale (weight of 1.0 to the first adult. 0.5 to any other household member aged 14 or over and 0.3 to each child aged less than 14)."

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