Latvia

Change country :

Situated in the North of Europe, Latvia gained its independence in 1991 after 50 years of Russian occupation. Small country of 2 million inhabitants, Latvia became a member of the European Union in 2004 and joined the Eurozone 10 years later. The country can rely on on its important foreign trade, especially with its Russian and Baltic neighbors. The Latvian flag is in direct competition with its Lithuanian and Polish neighbors.

Latvia is part of the European program of CNR. The first study on its RFT sector was carried out in 2018.
Find here all the studies and information concerning this flag.

Europe Area summary
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total transport (millions of t.km) 12,344 8,115 10,590 12,131 12,178 12,816 13,670 14,690 14,227 14,972 14,997 14,965
Domestic transport (millions of t.km) 2,526 2,149 2,561 2,646 2,616 2,803 2,740 2,753 2,807 3,240 3,459 3,350
International transport (millions of t.km) 9,807 5,966 8,029 9,485 9,562 10,013 10,929 11,937 11,420 11,732 11,538 11,615

©CNR

Unit Latvia
Yearly mileage of vehicle km 120,400
Number of operating days days/yr 263
Semitrailer/tractor ratio 1.61
Driver cost €/yr 22,809
Driver/tractor ratio 1.09
Yearly cost of vehicle financing and possession €/yr 14,460
Average consumption per 100 km litres 30.8
  Unit fuel price, 2020 average €/litre 0.7513
Fuel cost €/yr 27,800
Tyres €/yr 2,280
Maintenance-repair €/yr 4,000
Tolls and vignettes €/an 15,840
Insurance (vehicle) €/yr 2,245
Axle tax and other vehicle taxes €/yr 498
Synthesis - cost price (excluding overhead costs) 92,045
Cost/mileage ratio per annum €/km 0.76
Overhead costs €/yr 6,443
Synthesis - full cost price 98,488
Full cost per kilometre €/km 0.82

©CNR

Unit Latvia (Simulation)
Gross salary (miscellaneous bonuses and overtime included) subject to social contributions and to income tax €/yr 9,960
Travel allowances and other elements of remuneration not subject to social contributions nor to income tax €/yr 10,450
Employer contributions (% of gross salary)* % 24.09 %
Employer contributions in absolute terms €/yr 2,399
Annual cost total €/yr 22,809
Number of actual working days per year day/yr 241
Driving time per year h/yr 1,950
Annual mileage km 110,400
Cost of one hour's work €/h 11.70
Cost per kilometre €/km 0.21

©CNR

All taxes includes price, excise duty, VAT published on week of

To consult