Vendor Analyst salary in Latvia

Average Yearly Salary of Vendor Analyst in Latvia is approximately 24,192 EUR (24,181 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 Vendor Analyst do?

A vendor analyst is responsible for evaluating and managing relationships with vendors and suppliers on behalf of a company. They analyze vendor performance, negotiate contracts, and ensure compliance with agreed-upon terms and conditions. The vendor analyst conducts market research to identify potential vendors, evaluates their products or services, and makes recommendations to the procurement team. They also monitor vendor activities, track delivery schedules, and address any issues or disputes that may arise. Additionally, vendor analysts collaborate with internal stakeholders to understand business requirements and align vendor strategies accordingly. They stay updated on industry trends, pricing, and regulatory changes to optimize vendor selection and maximize cost savings for the organization.

Skills: Vendor management, Supplier relationship management, Contract negotiation, Market research, Compliance monitoring, Cost optimization
Job industry: Technology

How much does Vendor Analyst make?

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


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Salary comparison to National average

Is Vendor Analyst a well paid job?

Yes, our data shows that Vendor 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 Vendor Analyst?

High salary for Vendor Analyst would be somewhere between 26,611 EUR and 35,078 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Vendor 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: 24,192 EUR
Estimated Monthly Salary: 2,016 EUR
Estimated Weekly Salary: 465 EUR per week
Estimated Hourly Salary: 12 EUR per hour
By working as Vendor Analyst a person can save up to 1,155 USD per month or 13,861 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 Vendor 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.

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Data as of 2025

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