A survey conducted by bank "Citadele" reveals that nearly half of the respondents in Latvia, 44%, believe that their salaries will not increase this year. Conversely, 47% of the population expects a salary rise of up to 10%, and only 8% hope for an increase exceeding 10%. This reflects a pragmatic mindset among workers, particularly after a period of significant salary growth last year, indicating a shift towards more modest expectations.

According to data from the Central Statistical Bureau of Latvia, the average gross salary reached 1835 euros in the third quarter of 2025, reflecting a yearly increase of 132 euros or 7.8%. The net salary, however, saw a sharper rise, increasing by 10.5% to reach 1361 euros. Compared to the European Union, salary growth in Latvia outpaced rates in the Eurozone, which recorded average wage increases of about 3-4% per year, highlighting the unique economic dynamics at play.

Kārlis Purgailis, the chief economist at "Citadele", mentions that while the current pace of salary increases poses significant challenges for businesses, it is anticipated that wage growth in Latvia will continue to outpace other regions. This situation reflects broader economic trends as residents reassess their expectations in response to fluctuating economic conditions, suggesting a period of adjustment ahead for both employees and employers in the labor market.