Latvia: personnel costs of wholesale and retail trade industry 2012-2021
In 2021, the personnel costs of the wholesale and retail trade industry incl. repair of motor vehicles and motorcycles in Latvia increased by 158.7 million euros (+9.05 percent) since 2020. Therefore, the personnel costs in Latvia reached a peak in 2021 with 1.9 billion euros. Notably, the personnel costs in this industry continuously increased over the last 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 wholesale and retail trade industry incl. repair of motor vehicles and motorcycles in Latvia with key insights such as number of enterprises, turnover, production value, and number of employees.
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 wholesale and retail trade industry incl. repair of motor vehicles and motorcycles in Latvia with key insights such as number of enterprises, turnover, production value, and number of employees.
