Latvia (2025)
13,983
EUR per person per year
+9.1% YoY
YoY Change
+9.1%
year-on-year
vs. EU-27 Average
61.0%
of EU-27 median, 2025
+30.1pp since 2010
Series length
16
years of data

Data

Median Equivalised Net Income in Latvia (2025) — source data. Eurostat.
Year EUR per person YoY Change
2025 13,983 +9.1%
2024 12,821 +13.9%
2023 11,258 +9.8%
2022 10,258 +8.7%
2021 9,437 +6.9%
2020 8,827 +7.8%
2019 8,187 +11.6%
2018 7,333 +11.0%
2017 6,607 +3.8%
2016 6,365 +9.2%
2015 5,828 +12.0%
2014 5,203 +11.5%
2013 4,666 +4.9%
2012 4,450 +6.1%
2011 4,195 -6.5%
2010 4,488 n/a

About this Dataset

Latvia's median equivalised net income (the typical per-person disposable income after adjusting household income for household size) reached approximately 13,983 EUR in 2025, according to Eurostat's EU-SILC series (ILC_DI03). That marks a 9.1% increase from 12,821 EUR in 2024, continuing a run of largely consistent annual gains through most of the 2010–2025 series.

For analysts benchmarking purchasing power across European markets, the more useful reference point is Latvia's position relative to the EU-27 average. In 2010, Latvia's median income of 4,488 EUR was about 30.9% of the EU-27's 14,521 EUR — reflecting the country's still-developing post-accession income base. That gap has typically narrowed in most years since, with Latvia's ratio reaching 61.0% in 2025, an increase of roughly 30.1 percentage points over 15 years.

Growth has not been perfectly linear. Latvia's income dipped in 2011 (-6.5%) before climbing steadily through the mid-2010s at high-single-digit to low-double-digit annual rates, then accelerated to +13.9% in 2024, the largest single-year gain in the series. That jump likely reflects continued nominal wage catch-up following the 2022–2023 energy-price shock, alongside minimum-wage and public-sector pay increases over that period. Because EU-SILC income figures are denominated in current-year euros and not adjusted for inflation, part of the 2024 surge likely reflects nominal wage growth amid elevated inflation rather than an equivalent rise in real purchasing power.

Coverage and methodology: Eurostat compiles median equivalised net income annually from EU-SILC (Statistics on Income and Living Conditions) microdata, adjusting household disposable income for household size and composition using the modified OECD equivalence scale (first adult = 1, each additional adult 14+ = 0.5, each child under 14 = 0.3). Figures are denominated in current-year euros and are not adjusted for inflation, so cross-year comparisons reflect nominal rather than real purchasing-power changes. The EU-27 aggregate used for comparison is Eurostat's EU27_2020 composition. The Central Statistical Bureau of Latvia (Centrālā statistikas pārvalde) provides the underlying survey data feeding into this series.

Frequently Asked Questions

Eurostat's EU-SILC data (dataset ILC_DI03) put Latvia's median equivalised net income at approximately 13,983 EUR per person in 2025, up from 12,821 EUR in 2024 — a year-on-year increase of roughly 9.1%. Equivalised income adjusts household disposable income for household size and composition using the modified OECD scale, so the figure reflects typical per-person purchasing power rather than a raw household total.

In 2025, Latvia's median equivalised net income of 13,983 EUR was about 61.0% of the EU-27 average of 22,939 EUR, a gap of around 8,956 EUR. That gap has typically narrowed since 2010, when Latvia's ratio to the EU-27 average stood at roughly 30.9% — Latvia has been closing the distance in most years since as its income growth generally outpaced the EU-27 average.

Latvia's median equivalised net income rose from 4,488 EUR in 2010 to 13,983 EUR in 2025 — a cumulative gain of roughly 212% over 15 years, more than tripling. Growth was fairly steady through most of the 2010s, typically running at high-single-digit to low-double-digit annual rates, aside from an early dip in 2011.

Latvia's median equivalised net income rose from 11,258 EUR in 2023 to 12,821 EUR in 2024 — a +13.9% single-year gain, the largest in the 2010–2025 series. This likely reflects continued nominal wage catch-up following the 2022–2023 energy-price shock, alongside minimum-wage and public-sector pay increases that took effect over that period. Because EU-SILC income figures are denominated in current-year euros and not adjusted for inflation, part of the 2024 increase likely reflects nominal rather than real purchasing-power gains.

Mostly, yes, though not every single year. Latvia's ratio to the EU-27 average fell from roughly 30.9% in 2010 to about 28.6% in 2011, as Latvia's income dropped 6.5% that year even as the EU-27 average rose. In most years since 2012, though, Latvia's income growth has outpaced the EU-27 average in percentage terms, and the ratio climbed to 61.0% by 2025, consistent with the broader income-convergence pattern typically seen among central and eastern European economies since euro adoption in 2014.