Snapshot for Latvia Avg Monthly Gross Wages YoY (LAMWYOY)

Rate Profile Information for LAMWYOY

The gross wages in Latvia consist of the following components: compensation for the results of work done, monthly wages and salaries (post salaries, wage rates) for time worked or the amount of the work done, regular and additional holiday pay, sick pay (medical certificate A), various perquisites (e.g. pay for extra work done, incentive payments, production bonuses, etc.), and the sum of social security payments made by employees and personal income tax. Gross wages are the total of net wages, social security payments and personal income taxes which are paid by employed persons. Net wages refer to wages after taxes. Up until December 2003 the average monthly wages and salaries are given for the employees at the main job, from January 2004 for both full-time and part-time employees including data on persons holding a secondary job. For more economic statistics on Latvia type: ECST and for news on Latvia type: NI LATVIA .