LatviaIT outsourcing rates in Latvia
Latvia is a country located in the Baltic region of Northern Europe, with a population of around 1.9 million people. It has a rich cultural heritage and a diverse economy, with a mix of industries and sectors.
Latvia has a developed and diversified economy that is transitioning from a planned economy to a market-based one. It has a relatively small industrial sector, with a focus on the production of food, machinery, and electronics. The service sector is the largest contributor to the country's GDP and includes sectors such as tourism, finance, and information technology. The Latvian economy has been growing steadily in recent years, but it remains vulnerable to external shocks and relies heavily on foreign trade and investment.
The IT sector is a significant contributor to the Latvian economy, with a focus on software development, internet and telecommunications, and e-commerce. The country is home to many startups and IT companies, and its government has made significant investments in the development of the sector. Latvia is known for its highly skilled workforce and competitive labor costs, making it an attractive destination for foreign investment in the IT industry.
Outsourcing rates by profession($/hour)
| Min | Max | Avg | |
|---|---|---|---|
| Business Analyst | |||
66$ | 91$ | 85$ | |
| Project Manager | |||
61$ | 88$ | 78$ | |
| Scrum Master | |||
71$ | 83$ | 74$ | |
| Graphic Designer | |||
61$ | 80$ | 74$ | |
| DevOps | |||
72$ | 89$ | 81$ | |
| Lead Developer | |||
79$ | 92$ | 89$ | |
| Junior Developer | |||
41$ | 60$ | 47$ | |
| Intermediate Developer | |||
55$ | 73$ | 61$ | |
| Senior Developer | |||
79$ | 86$ | 81$ | |
| Junior QA (Manual) | |||
30$ | 50$ | 39$ | |
| Intermediate QA (Manual) | |||
48$ | 67$ | 50$ | |
| Senior QA (Manual) | |||
55$ | 69$ | 55$ | |
| Junior QA (Automated) | |||
37$ | 57$ | 45$ | |
| Intermediate QA (Automated) | |||
50$ | 71$ | 54$ | |
| Senior QA (Automated) | |||
63$ | 83$ | 70$ | |
General information
LVL
4.1
1.884 million (2021)
GMT+2
The Baltics
Scorecard
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Source linkcoface.com/Economic-Studies-and-Country-RisksSoftware outsourcing readiness
Technology capabilities
Industries
Economic overview
Political Stability
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-2.5
Democracy status
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0
Business climate
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Very good
Risk assessment
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Very low