In 2022, Latvia's average disposable income per one equivalent consumer exceeded 13,100 euros. That marked an increase from around 12,000 euros in the previous year. After a brief drop in 2010, the figure has been growing year-over-year.
Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022
(in euros)
The source specified the following definition of an "equivalent consumer (adult)": "In order to ensure that comparison of income levels is based also on differences in household size and composition, the income amounts need to be calculated “per equivalent adult”. For the calculations, it was decided to use modified OECD equivalence scale (weight of 1.0 to the first adult. 0.5 to any other household member aged 14 or over and 0.3 to each child aged less than 14)."
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Central Statistical Bureau of Latvia. (February 5, 2024). Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022 (in euros) [Graph]. In Statista. Retrieved September 21, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1267688/latvia-average-income-per-capita/
Central Statistical Bureau of Latvia. "Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022 (in euros)." Chart. February 5, 2024. Statista. Accessed September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1267688/latvia-average-income-per-capita/
Central Statistical Bureau of Latvia. (2024). Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022 (in euros). Statista. Statista Inc.. Accessed: September 21, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1267688/latvia-average-income-per-capita/
Central Statistical Bureau of Latvia. "Average Annual Disposable Income per One Equivalent Consumer in Latvia from 2004 to 2022 (in Euros)." Statista, Statista Inc., 5 Feb 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1267688/latvia-average-income-per-capita/
Central Statistical Bureau of Latvia, Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022 (in euros) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1267688/latvia-average-income-per-capita/ (last visited September 21, 2024)
Average annual disposable income per one equivalent consumer in Latvia from 2004 to 2022 (in euros) [Graph], Central Statistical Bureau of Latvia, February 5, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1267688/latvia-average-income-per-capita/