Economic Development Specialist salary in Latvia

Average Yearly Salary of Economic Development Specialist in Latvia is approximately 21,546 EUR (21,656 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Economic Development Specialist do?

An economic development specialist is a professional who focuses on promoting economic growth and improving the overall economic well-being of a specific region or community. They analyze economic data, identify opportunities for growth, and develop strategies to attract investment and businesses. Economic development specialists often work closely with government agencies, community organizations, and businesses to implement plans and initiatives that stimulate economic activity. They may also assist in the development of policies and programs that support entrepreneurship, workforce development, and infrastructure improvement. Effective communication and collaboration skills are essential in this role, as economic development specialists must engage with various stakeholders and build partnerships to achieve their goals.

Skills: economic development, economic growth, business attraction, community development, strategic planning, policy development
Job industry: Government

How much does Economic Development Specialist make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Economic Development Specialist a well paid job?

Yes, our data show that Economic Development Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Economic Development Specialist?

High salary for Economic Development Specialist would be somewhere between 23,701 EUR and 31,242 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Economic Development Specialist in Latvia?

Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 21,546 EUR
Estimated Monthly Salary: 1,796 EUR
Estimated Weekly Salary: 414 EUR per week
Estimated Hourly Salary: 10 EUR per hour
By working as Economic Development Specialist a person can save up to 945 USD per month or 11,336 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Economic Development Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Latvia

Data as of 2025

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