Latvia's labor costs lowest among Baltic states

In 2023, average hourly labor costs were estimated at €31.8 in the EU and at €35.6 in the euro area, according to Eurostat figures published March 27. However, this average masks sizeable gaps between EU Member States. Hourly labor costs range from €9.3 in Bulgaria to €53.9 in Luxembourg – with Latvia still recording one of the bloc's lowest labor costs on €13.5.

Latvia's labor costs undercut both Lithuania (€14.7) and Estonia (€18.3). From 2022 to 2023, Latvia's labor costs rose by 11%.