Financial Coordinator salary in Latvia

Average Yearly Salary of Financial Coordinator in Latvia is approximately 16,743 EUR (16,768 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 Financial Coordinator do?

A financial coordinator is responsible for managing the financial operations and activities of an organization. They play a crucial role in coordinating and overseeing various financial functions, including budgeting, forecasting, financial reporting, and analysis. Their primary objective is to ensure the organization's financial health and stability. The financial coordinator is involved in creating and monitoring budgets, analyzing financial data, identifying trends, and providing recommendations to improve financial performance. They collaborate with other departments to develop financial strategies, set financial goals, and implement cost-saving measures. Additionally, they may be involved in preparing financial statements, managing cash flow, and ensuring compliance with financial regulations.

Skills: financial coordinator, financial management, budgeting, financial analysis, financial reporting, financial operations
Job industry: Finance

How much does Financial Coordinator make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Financial Coordinator a well paid job?

Yes, our data show that Financial Coordinator 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 Financial Coordinator?

High salary for Financial Coordinator would be somewhere between 18,417 EUR and 24,277 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Coordinator 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: 16,743 EUR
Estimated Monthly Salary: 1,395 EUR
Estimated Weekly Salary: 322 EUR per week
Estimated Hourly Salary: 8 EUR per hour
By working as Financial Coordinator a person can save up to 537 USD per month or 6,448 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 Financial Coordinator

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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