Productivity in Latvia decreased to 117.90 points in the second quarter of 2021 from 122.90 points in the first quarter of 2021. source: EUROSTAT

Productivity in Latvia averaged 79.88 points from 1995 until 2021, reaching an all time high of 122.90 points in the first quarter of 2021 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 September of 2021.

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. In the long-term, the Latvia Productivity is projected to trend around 130.95 points in 2022 and 130.56 points in 2023, according to our econometric models.

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Latvia Productivity

Actual Previous Highest Lowest Dates Unit Frequency
117.90 122.90 122.90 40.90 1995 - 2021 points Quarterly
2015=100, SA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.10 21.30 5.30 percent [+]
Employed Persons 862.00 853.00 1404.00 830.00 Thousand [+]
Unemployed Persons 59040.00 64392.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.40 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 13.70 15.10 41.00 7.60 percent [+]
Labour Costs 131.00 132.50 132.50 34.64 points [+]
Job Vacancies 25060.00 21326.00 29704.00 1643.00 [+]
Wages 930.00 905.00 932.00 113.00 EUR/Month [+]
Minimum Wages 500.00 500.00 500.00 75.18 EUR/Month [+]
Population 1.91 1.92 2.67 1.91 Million [+]
Retirement Age Women 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 67.60 67.00 70.20 59.90 percent [+]
Productivity 117.90 122.90 122.90 40.90 points [+]
Part Time Employment 59.70 71.60 116.00 48.80 Thousand [+]
Employment Change -3.90 -0.50 3.40 -6.70 percent [+]
Employment Rate 61.60 63.80 65.60 50.80 percent [+]
Full Time Employment 757.80 740.50 984.30 720.30 Thousand [+]


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