Latvia: manufacturing high-technology industry personnel costs 2021

In 2021, the personnel costs of the high-technology manufacturing industry in Latvia increased by 14.7 million euros (+12.68 percent) since 2020. With 130.57 million euros, the personnel costs thereby reached their highest value in the observed period. Notably, the personnel costs in this industry continuously increased over the last years.
Personnel costs are made up of wages, salaries and employers' social security costs. They include taxes and employees' social security contributions retained by the employer, as well as the employer's compulsory and voluntary social contributions.

Find more key insights for the personnel costs in countries like Estonia and Lithuania.

Annual personnel costs of the high-technology manufacturing industry in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual personnel costs in million euros
2021	130.57
2020	115.9
2019	103.5
2018	89.6
2017	77.1
2016	67.1
2015	61.5
2014	54.7
2013	49.3
2012	46.6

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Release date

March 2024

More information

Region

Latvia

Survey time period

2012 to 2021

Supplementary notes

The source adds the following information: Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Data coverage corresponds to code C_HTC of CE Rev 2.

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