Labor Force Participation Rate in Latvia increased to 70.10 percent in the second quarter of 2020 from 69.90 percent in the first quarter of 2020.
Labor Force Participation Rate in Latvia averaged 65.75 percent from 2002 until 2020, reaching an all time high of 70.20 percent in the third quarter of 2018 and a record low of 59.90 percent in the first quarter of 2002. This page provides - Latvia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Activity Rate - values, historical data and charts - was last updated on September of 2020.
Labor Force Participation Rate in Latvia is expected to be 70.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Latvia to stand at 70.30 in 12 months time. In the long-term, the Latvia Activity Rate is projected to trend around 70.38 percent in 2021 and 70.40 percent in 2022, according to our econometric models.