entity.lv · Statistics

Latvian economic statistics

Economic growth, wages, companies, sectors and taxes in numbers. Above each chart is one sentence with the key takeaway, below it — where the data comes from.

CSB, SRS and Register of Enterprises open data · 2025 annual reports · calculated 03.11.2026

GDP change, Q2 2026
+3,8%
at constant prices, year on year
Average gross wage, Q2 2026
1 886 €
+4,3% year on year · median 1 527 €
Inflation, 09.2026
3,2%
consumer price change year on year
Unemployment rate, Q2 2026
7,0%
a year earlier 6,7%
Active companies and organisations
222 598
11 777 founded and 8 870 liquidated in 2025
Company turnover 2025
91,5 bn €
+5,4% compared with 2024

Economic overview

In Q2 2026, GDP at constant prices grew by 3,8% year on year. In September 2026, consumer prices were 3,2% higher than a year earlier. The unemployment rate was 7,0%.

GDP change by quarter

Compared with the same quarter of the previous year, at 2020 constant prices, not seasonally adjusted. GDP at current prices over the last four quarters (III 25–II 26): 45,1 bn €.

Inflation by month

Change in the consumer price index compared with the same month of the previous year (CSB). In the euro area the European Central Bank targets 2% over the medium term.

Unemployment rate

Share of unemployed among the economically active population aged 15–74 (Labour Force Survey, CSB).

Wages and prices

In Q2 2026, the average gross wage changed by +4,3% year on year and prices by +3,3%. The real wage (purchasing power) rose by about 1,0%.

  • Average gross wage+4,3%
  • Average net wage+4,4%
  • Consumer prices+3,3%
  • Real wage (estimate)+1,0%

Change compared with the same quarter of the previous year. Real wage = gross wage growth adjusted for the quarter's average inflation (entity.lv calculation).

Wages

In Q2 2026, the average gross wage was 1 886 € and the median 1 527 € — half of employees earn less than that. After taxes, 1 401 € remains on average.

Average and median gross wage by quarter

  • Average wage
  • Median
  1. 1 549
    1 250
    III 23
  2. 1 610
    1 287
    IV 23
  3. 1 623
    1 293
    I 24
  4. 1 671
    1 350
    II 24
  5. 1 703
    1 385
    III 24
  6. 1 744
    1 401
    IV 24
  7. 1 757
    1 403
    I 25
  8. 1 808
    1 464
    II 25
  9. 1 834
    1 487
    III 25
  10. 1 861
    1 495
    IV 25
  11. 1 843
    1 466
    I 26
  12. 1 886
    1 527
    II 26

Euros per month, gross (before taxes)

The median is in the middle: half of employees earn more, half less. It is lower than the average because a small number of very high salaries pull the average up. Full-time and part-time employees (CSB).

Average gross wage by sector, Q2 2026

  • IT and telecommunications3 257 €
  • Finance and insurance3 214 €
  • Energy2 526 €
  • Professional, scientific and technical services2 430 €
  • Mining and quarrying2 172 €
  • Public administration and defence2 139 €
  • Publishing, broadcasting and content2 095 €
  • Water supply and waste management2 074 €
  • Transportation and storage1 923 €
  • Health and social work1 862 €
  • Agriculture, forestry and fishing1 832 €
  • Administrative and support services1 784 €
  • Manufacturing1 778 €
  • Wholesale and retail trade1 704 €
  • Real estate1 670 €
  • Construction1 658 €
  • Education1 622 €
  • Arts, sports and recreation1 570 €
  • Other services1 497 €
  • Accommodation and food service1 256 €

NACE Rev. 2.1 sections, all sectors (CSB). National average 1 886 €.

Average gross wage by region, Q2 2026

  • Riga region2 068 €+4,4%
  • of which Riga2 089 €+4,3%
  • Kurzeme1 573 €+5,2%
  • Vidzeme1 498 €−1,5%
  • Zemgale1 590 €+6,5%
  • Latgale1 365 €+3,6%

By workplace location (CSB statistical regions since 2024). Next to it — change year on year.

Gross and net, private and public sector

  • Average gross wage1 886 €
  • Private sector1 876 €
  • Public sector1 926 €
  • Median gross wage1 527 €
  • Average net wage1 401 €
  • Median net wage1 168 €

Net = after personal income tax and employee social contributions. Public sector = state and municipal institutions and the companies they control (CSB).

Employers by average wage, Q3 2026

By the social-contribution estimate, 52% of employers have an average wage below the minimum wage (780 €) — mostly small companies with part-time staff; they employ 18% of employees. 8,3% of employers pay 2 000 € or more on average.

  • under 780 €
  • 780–1 000 €
  • 1 000–1 500 €
  • 1 500–2 000 €
  • 2 000–3 000 €
  • 3 000 € and more
Employers
Employees

entity.lv estimate from SRS quarterly data: gross payroll ≈ social contributions paid / 34,09%, divided by the average number of employees and 3 months. It is the company's average wage, not each employee's wage; part-time work, the micro-enterprise tax and pensioners (lower contribution rate) reduce it. The estimate covers 83 333 employers with at least one employee. SRS list: for 3 624 employers, the average employee wage in 08.2026 did not exceed the minimum wage.

Company formations and liquidations

In 2025, 11 777 companies and organisations were founded and 8 870 liquidated — the register grew by 2 907. 63% of active ones are limited liability companies (SIA).

Founded and liquidated per year

  • Founded
  • Liquidated
  1. 2005
  2. 2006
  3. 2007
  4. 2008
  5. 2009
  6. 2010
  7. 19 983
    2011
  8. 2012
  9. 2013
  10. 2014
  11. 2015
  12. 2016
  13. 2017
  14. 2018
  15. 2019
  16. 2020
  17. 2021
  18. 2022
  19. 2023
  20. 2024
  21. 2025
  22. 10 545
    2026

All entities in the Register of Enterprises (including associations, farms etc.) by registration and removal date. The last, lighter column is 2026 — the year is not over yet.

Legal forms

  • Limited liability company63%140 243
  • Association12%25 989
  • Farm10%23 289
  • Sole trader5,5%12 141
  • Individual enterprise4,4%9 733
  • Mass media outlet1,8%4 081
  • Other forms3,2%7 122

Share of all active registered entities (222 598). Associations and foundations are in the register but are not commercial companies.

Sectors

Wholesale and retail trade is the largest sector: it accounts for 37% of company turnover, 19% of employees and 38% of taxes paid.

Total net turnover of companies, 2025 annual reports.

  1. Wholesale and retail trade33,4 bn €37%
  2. Manufacturing13,2 bn €14%
  3. Construction7,2 bn €7,9%
  4. Transportation and storage6,1 bn €6,7%
  5. Finance and insurance3,9 bn €4,2%
  6. Energy3,8 bn €4,1%
  7. IT and telecommunications3,6 bn €4,0%
  8. Professional, scientific and technical services3,5 bn €3,9%
  9. Agriculture, forestry and fishing2,9 bn €3,2%
  10. Administrative and support services2,9 bn €3,2%
  11. Real estate2,4 bn €2,7%
  12. Health and social work2,2 bn €2,4%
  13. Sector unknown1,6 bn €1,7%
  14. Accommodation and food service1,3 bn €1,4%
  15. Arts, sports and recreation780 m €0,9%
  16. Water supply and waste management768 m €0,8%
  17. Other services682 m €0,7%
  18. Mining and quarrying411 m €0,4%
  19. Publishing, broadcasting and content377 m €0,4%
  20. Education272 m €0,3%
  21. Public administration and defence105 m €0,1%
  22. Households as employers483 k €<0,1%

Sector = main activity NACE Rev. 2.1 code reported by the SRS (the Register of Enterprises data has no sector). Turnover and profit — 2025 annual reports; employees and taxes — SRS data for 2024. For 28 693 filers (22%) the SRS data has no sector — they are in the row “Sector unknown”.

Municipalities

42% of active companies are registered in Riga, and they generate 58% of all company turnover.

Active registered entities with a registered address in this municipality (all legal forms).

  1. Rīga92 62642%
  2. Liepāja6 3452,9%
  3. Ogres nov.6 2182,8%
  4. Mārupes nov.5 9172,7%
  5. Jūrmala5 7282,6%
  6. Cēsu nov.5 4002,4%
  7. Valmieras nov.5 3882,4%
  8. Jelgava5 0982,3%
  9. Tukuma nov.4 9342,2%
  10. Daugavpils4 7792,2%
  11. Dienvidkurzemes nov.4 0901,9%
  12. Bauskas nov.4 0611,8%
  13. Talsu nov.3 9051,8%
  14. Ropažu nov.3 8931,8%
  15. Siguldas nov.3 7601,7%
  16. Ķekavas nov.3 6101,6%
  17. Jēkabpils nov.3 5681,6%
  18. Kuldīgas nov.3 5241,6%
  19. Madonas nov.3 4401,6%
  20. Limbažu nov.3 3901,5%
  21. Saldus nov.3 3831,5%
  22. Jelgavas nov.3 1351,4%
  23. Ādažu nov.2 5961,2%
  24. Aizkraukles nov.2 5681,2%
  25. Ventspils2 5681,2%
  26. Dobeles nov.2 5191,1%
  27. Rēzeknes nov.2 2911,0%
  28. Salaspils nov.2 1311,0%
  29. Smiltenes nov.2 0600,9%
  30. Rēzekne1 9080,9%
  31. Gulbenes nov.1 7230,8%
  32. Olaines nov.1 6790,8%
  33. Augšdaugavas nov.1 6210,7%
  34. Balvu nov.1 6060,7%
  35. Alūksnes nov.1 5290,7%
  36. Preiļu nov.1 3660,6%
  37. Krāslavas nov.1 2890,6%
  38. Ludzas nov.1 2850,6%
  39. Ventspils nov.1 2790,6%
  40. Saulkrastu nov.1 1190,5%
  41. Līvānu nov.9090,4%
  42. Valkas nov.7310,3%

Municipality = the company's registered address. Large groups often book turnover at the head office address, so it does not always match where the work is done. 1 629 entities have no address or one based on the administrative division before the 2021 reform; they are not included here.

Size, concentration and profitability

92% of filers are micro-enterprises (up to 9 employees): they account for 19% of turnover and 26% of jobs. 291 large companies (250+) account for 31% of turnover.

Distribution of companies, turnover and jobs by size

  • Micro (0–9)
  • Small (10–49)
  • Medium (50–249)
  • Large (250+)
Companies
Turnover
Employees

Size class by average number of employees (EU SME definition), 2025 annual reports. Each row adds up to 100%.

How much of turnover is in the hands of the largest companies?

The largest 1% of companies (882) account for 60% of total turnover, the largest 10% for 89%.

  • Top 109,3%
  • Top 10029%
  • Top 100061%
  • Largest 1% (882 companies)60%
  • Largest 10% (8 813 companies)89%

Based on 88 129 filers with positive turnover; total turnover 91,5 bn €.

Profit or loss?

51% of filers ended 2025 with a profit, 45% with a loss; 3,6% were exactly zero.

  • Profit57 980
  • Loss50 717
  • Exactly zero4 015

Total profit 5,5 bn €. Exactly zero may mean the company is not active. Based on 112 712 reports stating a profit figure.

Taxes and employment

In Q3 2026, companies paid 3,3 bn € in taxes administered by the SRS, including 1,1 bn € in social contributions and 571 m € in personal income tax; on average 706 056 people were employed.

PeriodTotal taxesof which social contributionsof which PITVAT (payments − refunds)EmployedPayers
Q3 20263,3 bn €1,1 bn €571 m €1,0 bn €706 056155 844
202411,3 bn €+6,9%3,9 bn €2,1 bn €–700 953147 669
202310,6 bn €3,6 bn €1,9 bn €–701 694143 843

SRS open data on taxes paid by companies (refunds deducted), summed over all companies. The SRS publishes quarterly data only for the latest quarter; entity.lv keeps each one, so the table will grow over time. In 2024, taxes paid by companies changed by +6,9% compared with the previous year.

Sources and methodology

Central Statistical Bureau (CSB)
GDP, consumer prices, unemployment and wages (average and median, by sector, region and public/private). Source: data.stat.gov.lv (CC BY 4.0). Last updated 21.10.2026.
Register of Enterprises
Companies, legal form, registration and removal date, registered address and annual reports (turnover, profit, employees). Source: data.gov.lv (CC0).
State Revenue Service (SRS)
Taxes, personal income tax, social contributions and average employment of companies by year and quarter, main activity NACE code, employers paying at most the minimum wage. Source: data.gov.lv (CC0).
Limitations
Turnover comes from the companies' own reports and includes intra-group transactions, so it is not the same as GDP. Municipality is the registered address, not the place of business. The distribution of employers by wage is an estimate from social contributions. Obvious data errors (turnover above 5 bn € for a single company) are not summed.

The statistics are recalculated after every data update. The figures may be used freely; please cite entity.lv.