According to data from the Central Statistical Bureau of Latvia, the average gross salary in Latvia in 2013 was €716 per month, an increase of 4.6% year-on-year, with an average net salary of €516 per month, accounting for 72% of the gross salary. Starting from July 2013, the personal income tax rate in Latvia was reduced from 25% to 24%.
By industry, the mining and quarrying sector saw the fastest salary growth in 2013 (13.3%), followed by the arts, entertainment, and recreation sector (12.7%), public administration (9.9%), financial and insurance activities (7.1%), construction (6.8%), and trade (6.6%). Among the Baltic States, Latvia has the lowest proportion of net salary to gross salary (72%), while Lithuania is at 77% and Estonia at 80%.
Source: Economic and Commercial Office of the Embassy of Latvia