The upturn was steeper than that registered in 2022 when population income grew by 9.1 %.
The highest household disposable income was recorded in Rīga where it reached 1 003 euro per household member monthly. In Zemgale it amounted to 782 euro and in Kurzeme to 742 euro. The lowest disposable income was registered in Latgale and Vidzeme – 631 euro and 699 eiro per household member monthly, respectively.
In 2023, monthly income per household member in the poorest households (belonging to the first income quintile group3) amounted to 291 euro while in the richest households (fifth group) to 1 860 euro. In the average income level households, it varied between 527 euro (in second group) and 994 euro (in fourth group). The steepest income rise was observed in the richest households (in the fifth group) where it went up by 16.8 % compared to 2022. Income in the poorest households rose slower – by 11.3 %.
Compared to other European Union (EU) countries, Latvia still ranks high in terms of income inequality. In 2023, income of the richest population exceeded that of the poorest population 6.3 times (6.2 times in 2022). In addition, last year the Gini coefficient was 34.2 % (34.0 % in 2022) – the third highest in the EU. In 2022, a higher coefficient was only registered in Bulgaria (37.2 %) and Lithuania (35.7 %).
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