Latvia: professional & technical activities personnel costs 2021

The personnel costs of the professional, scientific, and technical industry in Latvia increased by 56.2 million euros (+9.84 percent) in 2021 in comparison to the previous year. Therefore, the personnel costs in Latvia reached a peak in 2021 with 627.19 million euros. 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 statistics on the professional, scientific, and technical industry in Latvia with key insights such as turnover, production value, and number of employees.

Annual personnel costs of the professional, scientific, and technical activities industry in Latvia from 2012 to 2021 (in million euros)

Characteristic	Annual personnel costs in million euros
2021	627.19
2020	571
2019	558.2
2018	501.5
2017	449.7
2016	428.8
2015	395.6
2014	360.1
2013	337
2012	301.7

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Release date

March 2024

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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 M of CE Rev2.

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