Renewable energy accounted for 73% of the total volume of electricity generated in Latvia in 2024, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The volume of electricity produced from renewable sources totalled 4,643 GWh in 2024. Hydro, wind, and solar power plants generated a total of 4,022 GWh of electricity…
Latvia’s total retail trade turnover rose by 1% in 2024 compared to 2023, according to calendar-adjusted data at constant prices published by the Central Statistical Bureau (CSP), LSM reports. The annual turnover of retail trade in food products decreased by 1.6%, whereas retail trade of non-food products (except automotive fuel) increased by 2.3%. Retail sales…
Latvia’s minimum monthly wage rose from EUR 700 to EUR 740 as of 1 January 2025, BNS reports. The minimum wage will gradually transition to a percentage of the national average wage. Welfare Minister Uldis Augulis said that the change would improve the living standards of lower-paid workers. According to data from the Central Statistical…
Average consumer prices in Latvia rose by 2.2% in November 2024 when compared to the same period of 2023, according to data from the Central Statistical Bureau (CSP), LSM reports. Compared to October 2024, average consumer prices rose by 0.2%. Since 2015, overall consumer prices have risen by 46.4%.
Latvia’s total retail trade turnover rose by 0.8% on year in August 2024, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Retail sales of food products decreased by 4.6%, while retail sales of non-food products (excluding automotive fuel) increased by 5.0% and automotive fuel by 0.6% over a year….
Producer prices in Latvian industry declined by 2.6% in August 2024, compared to the same period of 2023, according to data from the Central Statistical Bureau (CSP), LSM reports. Prices declined by 12.7% in energy supply, 1.4% in mining and quarrying, and 0.6% in manufacturing, but increased by 5.3% in water supply and waste management….
Latvia had a total of 64,900 unemployed people in August 2024, which was 3,500 more than in the same period of 2023, according to the Central Statistical Bureau (CSP), LETA reports. Compared to July 2024, the number of unemployed rose by 100 people. Latvia’s actual unemployment rate stood at 6.8% in August 2024, which was…
The number of job vacancies in Latvia was 23,900 in the second quarter of 2024, which was 1,400 (5.6%) fewer than in the same period of 2023, according to data from the Central Statistical Bureau (CSP), LETA reports. The number of vacancies amounted to 12,800 in the private sector (down 10.7%) and to 11,100 in…
Average housing prices in Latvia rose by 1.1% in the second quarter of 2024 from the same period of 2023, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Prices of new housing increased by 11.4%, whereas the average price of existing housing dropped by 2.0% over a year. Compared to the first…