Forecast Analyst salary in Latvia

Average Yearly Salary of Forecast Analyst in Latvia is approximately 26,521 EUR (26,526 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 Forecast Analyst do?

A forecast analyst is responsible for analyzing data and trends to predict future sales or demand for a company's products or services. They gather and analyze historical data, market research, and industry trends to develop accurate forecasts. The forecasts help companies make informed decisions regarding production, inventory management, and resource allocation. Forecast analysts use statistical models, software tools, and their analytical skills to identify patterns and make predictions. They collaborate with various departments such as sales, marketing, and supply chain to gather relevant data and ensure the accuracy of the forecasts. They also monitor and evaluate the accuracy of the forecasts and make adjustments as needed. Strong analytical skills, attention to detail, and proficiency in data analysis tools are essential for this role.

Skills: forecast analyst, data analysis, trend analysis, demand forecasting, statistical modeling, inventory management
Job industry: Finance

How much does Forecast Analyst make?

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


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Salary comparison to National average

Is Forecast Analyst a well paid job?

Yes, our data shows that Forecast Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Forecast Analyst?

High salary for Forecast Analyst would be somewhere between 29,173 EUR and 38,455 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Forecast Analyst 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: 26,521 EUR
Estimated Monthly Salary: 2,210 EUR
Estimated Weekly Salary: 510 EUR per week
Estimated Hourly Salary: 13 EUR per hour
By working as Forecast Analyst a person can save up to 1,351 USD per month or 16,206 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 Forecast Analyst

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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