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The tax wedge for the average single worker in Latvia decreased by 0.6 percentage points from 42.9 in 2017 to 42.3 in 2018. The OECD average tax wedge in 2018 was 36.1 (2017, 36.2).
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.
The Country Health Profiles are an important step in the European Commission’s two-year State of Health in the EU cycle and are the result of joint work between the OECD and the European Observatory on Health Systems and Policies. The concise, policy relevant profiles are based on a transparent, consistent methodology, using both quantitative and qualitative data, yet flexibly adapted to the context of each EU Member State.
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Fully reaping the opportunities of digitalisation is essential to sustain productivity growth and improve living standards in Latvia.
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Better access to education and affordable housing would help strengthen the skills of the workforce, increase labour mobility and reduce skills matches.
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Educational attainment has improved, but educational outcomes still need to be enhanced.
My sincere thanks, once again, to you and the Government of Latvia for hosting this exchange of ideas and to Attorney General and Minister of Justice Schwartz for co-chairing this roundtable.