Disposal income in Latvia saw double digit rise last year

Results of the survey conducted by the Central Statistical Bureau (CSB) in 2018 show that, compared to 2016, in 2017 household disposable income in Latvia increased by 11.8 %, reaching 489 euros per household member monthly.

The growth rate of household income was larger than in the previous years – 4.9 % in 2016, 7.6 % in 2015, and 9.3 % in 2014.

In 2017, the smallest household disposable income was in Latgale – 330 euros per household member monthly. Since 2016 household income in this region has increased by 10.3 %.

But the largest income was in Riga and Pierīga (the area around Rīga) – 592 euros and 536 euros, respectively. In these regions household disposable income rose by 12.2 %.

In Zemgale, the southern Latvian region, household disposable income comprised 442 euros per month (increase of 14.4 %), in western Kurzeme region – 431 euros per month (increase of 8.8 %) and in Vidzeme – 401 euros per month (increase of 9.6 %).

In urban areas household disposable income comprised 518 euros per household member monthly (increase of 10.9 %) and in rural areas – 425 euros per month (increase of 14.2 %). 

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Economy
Economy