Since June 2020, the national minimum wage in Latvia remained fixed at €430 per month, that is 5,160 euros per year, taking into account 12 payments per year.
Accordingly the national minimum wage has remained stable, while the CPI of 2020 which was 2.3%, so workers have lost purchasing power in the last year.
If we look at the ranking of the national minimum wage that we publish, Latvia is in 43 nd place, so it is among the countries with the lowest minimum salary of the 118 of the list.
The National Minimum Wage (NMW) of a country is the minimum amount (lowest salary) per hour, per day, or per month that employers may legally pay to workers.
In the table that follows we show you the progression of the National Minimum Wage Latvia. You can see NMW in other countries in National Minimum Wage 2020 and see all the information about this country in Latvia economy.