The personnel costs of the repair of motor vehicles and motorcycles industry in Latvia increased by 16.4 million euros since the previous year. With 203.4 million euros, the personnel costs thereby reached its highest value in the observed period. Notably, the personnel costs in this industry is continuously increasing over the last years.
Personnel costs are made up of wages, salaries and employers' social security costs. They include taxes and employees' social security contributions retained by the employer, as well as the employer's compulsory and voluntary social contributions. Find more statistics on the repair of motor vehicles and motorcycles industry in Latvia with key insights such as production value, turnover, or number of enterprises.
Annual personnel costs of the repair of motor vehicles and motorcycles industry in Latvia from 2010 to 2019
(in million euros)
The source adds the following information: Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs. Data coverage corresponds to code G45 of the NACE_R2 of economic activities, which is wholesale and retail trade and repair of motor vehicles and motorcycles.
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Eurostat. (February 3, 2022). Annual personnel costs of the repair of motor vehicles and motorcycles industry in Latvia from 2010 to 2019 (in million euros) [Graph]. In Statista. Retrieved August 15, 2022, from https://www.statista.com/statistics/498776/personnel-costs-repair-of-motor-vehicles-and-motorcycles-sector-latvia/
Eurostat. "Annual personnel costs of the repair of motor vehicles and motorcycles industry in Latvia from 2010 to 2019 (in million euros)." Chart. February 3, 2022. Statista. Accessed August 15, 2022. https://www.statista.com/statistics/498776/personnel-costs-repair-of-motor-vehicles-and-motorcycles-sector-latvia/
Eurostat. (2022). Annual personnel costs of the repair of motor vehicles and motorcycles industry in Latvia from 2010 to 2019 (in million euros). Statista. Statista Inc.. Accessed: August 15, 2022. https://www.statista.com/statistics/498776/personnel-costs-repair-of-motor-vehicles-and-motorcycles-sector-latvia/
Eurostat. "Annual Personnel Costs of The Repair of Motor Vehicles and Motorcycles Industry in Latvia from 2010 to 2019 (in Million Euros)." Statista, Statista Inc., 3 Feb 2022, https://www.statista.com/statistics/498776/personnel-costs-repair-of-motor-vehicles-and-motorcycles-sector-latvia/
Eurostat, Annual personnel costs of the repair of motor vehicles and motorcycles industry in Latvia from 2010 to 2019 (in million euros) Statista, https://www.statista.com/statistics/498776/personnel-costs-repair-of-motor-vehicles-and-motorcycles-sector-latvia/ (last visited August 15, 2022)
