Latvia’s unemployment rate declined to 6.7% in the fourth quarter of 2025, down from 6.9% in the previous quarter and the same period last year. The number of unemployed fell to 63.8 thousand from 66.2 thousand in Q3, while total employment dropped to 882.8 thousand from 892.1 thousand, bringing the employment rate to 64.8%, down 0.4 percentage points quarter on quarter. Youth unemployment rose to 13.5%, up 1.4 percentage points from Q3, even as the number of unemployed young people slightly fell by 0.3 thousand to 8.5 thousand, accounting for 13.3% of all unemployed. Meanwhile, 30.6% of the population aged 15–74, or 416.8 thousand people, remained economically inactive, an increase of 6.2 thousand from the previous quarter. source: Central Statistical Bureau of Latvia
Unemployment Rate in Latvia decreased to 6.70 percent in the fourth quarter of 2025 from 6.90 percent in the third quarter of 2025. Unemployment Rate in Latvia averaged 10.10 percent from 2002 until 2025, reaching an all time high of 21.30 percent in the first quarter of 2010 and a record low of 5.30 percent in the fourth quarter of 2007. This page provides the latest reported value for - Latvia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.
Unemployment Rate in Latvia decreased to 6.70 percent in the fourth quarter of 2025 from 6.90 percent in the third quarter of 2025. Unemployment Rate in Latvia is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Unemployment Rate is projected to trend around 6.60 percent in 2027, according to our econometric models.