Financial Manager salary in Latvia

The average financial manager salary in Latvia in 2024 is EUR 39,700 per year (EUR 3,308 per month, or EUR 763 per week). This figure represents gross annual earnings before income tax and social contributions. Source: ILO / Life Indexed estimate.

Financial Managers in Latvia earn between EUR 25,800 and EUR 57,600 per year in 2024. The spread reflects differences in experience level, employer size, sector (public vs private), and geographic location within the country.

A financial manager in Latvia earns approximately EUR 3,308 per month (gross) in 2024, based on an annual average of EUR 39,700. Monthly take-home pay will be lower after income tax and social security deductions, which vary by individual circumstances and applicable tax brackets in Latvia.

Entry-level financial managers in Latvia typically earn between EUR 25,800 and EUR 33,700 per year in 2024. Salaries at the junior level are generally 15–35% below the national average, increasing with professional certifications, years of experience, and specialisation.

Yes. Based on available data, Financial Manager salaries in Latvia have grown by approximately 24% between 2022 and 2026, reflecting ongoing demand and wage growth trends.

Among Europe countries in our dataset, Luxembourg offers the highest average financial manager salary at EUR 91,100 per year in 2024. Latvia ranks 9 in the region with EUR 39,700/yr.

Whether EUR 39,700 per year is a good financial manager salary in Latvia depends on cost of living, location, and career stage. This figure represents the 2024 national average — earners above this level are in the upper half of the pay distribution for this occupation. Factors that influence individual compensation include employer type (multinational vs. local), city (capital cities typically pay 10–25% more), qualifications, and years of experience.

Latvia's financial manager salary of EUR 39,700/yr is below all other Europe countries tracked for this occupation in 2024. Differences across countries reflect purchasing power, labour market conditions, cost of living, and local demand for this role.