Latvia: manufacture of basic metals personnel costs 2021

The personnel costs of the basic metals manufacturing industry in Latvia decreased by 1.2 million euros (-7.32 percent) in 2021 in comparison to the previous year. Nevertheless, the last two years in this industry recorded significant higher personnel costs than the preceding years.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes 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.

Find more statistics on the basic metals manufacturing industry in Latvia with key insights such as turnover and production value.

Personnel costs of the basic metals manufacturing industry in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual personnel costs in million euros
2021	15.16
2020	16.4
2019	15.5
2018	8.8
2017	8.4
2016	10.9
2015	13.9
2014	7.5
2013	24.7
2012	37.1

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

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 Section C24 of CE Rev2.

Citation formats