Latvia: manufacture of motor vehicles personnel costs 2021

The personnel costs of the motor vehicles, trailers, and semi-trailers manufacturing industry in Latvia increased by 7.2 million euros (+19.51 percent) in 2021 in comparison to the previous year. Therefore, the personnel costs in Latvia reached a peak in 2021 with 44.12 million euros.
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 statistics on the motor vehicles, trailers, and semi-trailers manufacturing industry in Latvia with key insights such as number of enterprises, turnover, and production value.

Annual personnel costs of the manufacture of motor vehicle, trailer, and semi-trailer industry in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual personnel costs in million euros
2021	44.12
2020	36.9
2019	40.2
2018	38.4
2017	31.9
2016	27.4
2015	25.4
2014	23.2
2013	20.8
2012	19

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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 C29 of CE Rev2.

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