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Job Market Overview: Employment Statistics in Latvia
Understanding Latvia's job market is crucial for both job seekers and employers. The country's current employment indicators show:
| Key Metric | Current Status |
|---|---|
| Total Population | 1.886.198 residents |
| Employment Rate | 60.7% (below OECD average) |
| Unemployment Rate | 6.8% (moderately competitive market) |
| Workforce Size | 1.144.922 active workers |
These Latvia employment statistics reveal a balanced labor market where candidates should highlight specialized skills. The 60.7% employment rate suggests moderate job availability across sectors.
Living & Working in Latvia: Economic Insights
Before relocating or applying for jobs in Latvia, consider these key economic factors:
| Economic Indicator | Value | Comparison to U.S. |
|---|---|---|
| Average Monthly Salary | 1.220,36 USD | 27% of U.S. average (significantly lower) |
| Purchasing Power | 50.5 | moderate compared to U.S. (100) |
With 50.5 purchasing power, salaries in Latvia provide adequate but budget-conscious lifestyles. The average monthly salary of 1.220,36 USD is particularly attractive in the Agriculture sector.
Top Industries & Job Opportunities in LV
Latvia's thriving job market spans these key sectors:
| Leading Industry | Agriculture (growing at 5% annually) |
| Emerging Sector | Manufacturing (25% of workforce) |
| Service Sector | Services (60% of GDP) |
| Major Employers | Latvenergo, AirBaltic, Latvijas Finieris (hiring year-round) |
Job seekers should focus on Agriculture for the most opportunities, while Manufacturing offers growth potential. Major companies like Latvenergo, AirBaltic, Latvijas Finieris frequently post openings for skilled professionals.
CityJobs bridges the gap between job seekers and employers in Latvia, creating a more accessible and inclusive job market for all.
1. What's the employment situation in Latvia?
With a population of 1,886,198 and an employment rate of 60.7%, Latvia offers a growing job market. The unemployment rate currently stands at 6.8%.
2. Which are the top companies in Latvia?
The leading employers in Latvia include Latvenergo, AirBaltic, Latvijas Finieris. These companies offer diverse opportunities across multiple sectors.
3. How far does salary go in Latvia?
The purchasing power ratio in Latvia is 50.5, meaning cost of living should be carefully considered when evaluating job offers.
4. How can I find jobs in Latvia?
Search our listings filtered for Latvia. Focus on industries where Latvenergo, AirBaltic, Latvijas Finieris are active, and consider that the 60.7% employment rate suggests moderate competition for positions.
5. What should I know about working in Latvia?
With Latvenergo, AirBaltic, Latvijas Finieris as major employers, the job market tends to favor Manufacturing and Services.
