Latvia building construction personnel costs 2021

The personnel costs of the construction of buildings industry in Latvia increased by 19.7 million euros (+6.98 percent) in 2021 in comparison to the previous year. Therefore, the personnel costs in Latvia reached a peak in 2021 with 301.8 million euros.
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 construction of buildings industry in Latvia with key insights such as number of enterprises, turnover, production value, and number of employees.

Annual personnel costs of the building construction industry in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual personnel costs in million euros
2021	301.8
2020	282.1
2019	282.6
2018	246.1
2017	196.1
2016	174.4
2015	174.8
2014	185.8
2013	149.7
2012	135.2

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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 F41 of CE Rev 2.

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