Productivity in Latvia decreased to 112 points in the first quarter of 2020 from 114.10 points in the fourth quarter of 2019.

Productivity in Latvia averaged 77.98 points from 1995 until 2020, reaching an all time high of 115.30 points in the second quarter of 2019 and a record low of 40.90 points in the first quarter of 1996. This page provides - Latvia Productivity- actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Productivity - values, historical data and charts - was last updated on August of 2020.

Productivity in Latvia is expected to be 129.79 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Latvia to stand at 131.21 in 12 months time. In the long-term, the Latvia Productivity is projected to trend around 130.95 points in 2021 and 130.56 points in 2022, according to our econometric models.

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Latvia Productivity

Actual Previous Highest Lowest Dates Unit Frequency
112.00 114.10 115.30 40.90 1995 - 2020 points Quarterly
2015=100, SA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 6.00 21.30 5.30 percent [+]
Employed Persons 902.10 913.10 1404.00 830.00 Thousand [+]
Unemployed Persons 78266.00 76440.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 1.80 10.10 1.20 percent [+]
Youth Unemployment Rate 18.40 18.40 40.80 7.60 percent [+]
Labour Costs 132.41 124.50 132.41 34.64 points [+]
Job Vacancies 18255.00 27316.00 29704.00 1643.00 [+]
Wages 822.00 801.00 846.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 Million [+]
Retirement Age Women 63.25 63.00 63.25 59.50 [+]
Retirement Age Men 63.25 63.00 63.25 62.00 [+]
Labor Force Participation Rate 69.90 69.50 70.20 59.90 percent [+]
Productivity 112.00 114.10 115.30 40.90 points [+]
Part Time Employment 94.80 75.10 116.00 48.80 Thousand [+]
Employment Change 0.10 0.30 3.40 -6.70 percent [+]
Employment Rate 64.70 65.40 65.60 50.80 percent [+]
Full Time Employment 763.30 795.70 984.30 720.30 Thousand [+]


Latvia Productivity
In Latvia, productivity refers to real labour productivity per hour worked.