Latvia's unemployment rate picked up to 8.1 percent in the first quarter of 2021 from 7.9 percent in the previous quarter. Employment fell by 32.3 thousand to 853.2 thousand while unemployed (-0.9 thousand to 74.7 thousand) fell less. In Q1, 39.7 thousand unemployed persons were out of a job for up to 5 months and 14.6 thousand were unemployed for 6-11 months. Also, the number of inactive people rose by 31.2 thousand to 457.4 thousand. A year earlier, the jobless rate was lower at 7.4 percent. source: Central Statistical Bureau of Latvia

Unemployment Rate in Latvia averaged 10.90 percent from 2002 until 2021, 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 June of 2021.

Unemployment Rate in Latvia is expected to be 10.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Latvia to stand at 8.20 in 12 months time. In the long-term, the Latvia Unemployment Rate is projected to trend around 7.40 percent in 2022 and 6.20 percent in 2023, according to our econometric models.

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Latvia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.10 7.90 21.30 5.30 2002 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-17 10:00 AM Q2 8.6% 7.4% 8.5%
2020-11-16 11:00 AM Q3 8.4% 8.6% 9.3%
2021-02-24 11:00 AM Q4 7.9% 8.4% 8.8%
2021-05-25 10:00 AM Q1 8.1% 7.9% 9.2%
2021-08-17 10:00 AM Q2 8.1%
2021-11-16 11:00 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Latvia's Jobless Rate Edges Up to 8.1% in Q1
Latvia's unemployment rate picked up to 8.1 percent in the first quarter of 2021 from 7.9 percent in the previous quarter. Employment fell by 32.3 thousand to 853.2 thousand while unemployed (-0.9 thousand to 74.7 thousand) fell less. In Q1, 39.7 thousand unemployed persons were out of a job for up to 5 months and 14.6 thousand were unemployed for 6-11 months. Also, the number of inactive people rose by 31.2 thousand to 457.4 thousand. A year earlier, the jobless rate was lower at 7.4 percent.
2021-05-25
Latvia Jobless Rate Falls to 7.9% in Q4
Latvia's unemployment rate decreased to 7.9 percent in the fourth quarter of 2021 from 8.4 percent in the previous three-month period, as the number of unemployed dropped by 5.5 thousand to 75.6 thousand. Meantime, employment fell by 7.5 thousand to 885.5 thousand while the number of inactive people increased by 11.3 thousand to 426.2 thousand. A year earlier, the jobless rate was lower at 6 percent.
2021-02-24
Latvia Jobless Rate Drops to 8.4% in Q3
Latvia's unemployment rate decreased to 8.4 percent in the third quarter of 2020 from 8.6 percent in the previous three-month period. Still, it was the second-highest jobless rate since the second quarter of 2017, amid the pandemic crisis. The number of unemployed dropped by 2.1 thousand to 81.4 thousand while the number of employed people increased by 0.7 thousand to 892.8 thousand. A year earlier, the jobless rate was lower at 6 percent.
2020-11-16
Latvia Jobless Rate Hits 3-Year High
Latvia's unemployment rate increased to 8.6 percent in the second quarter of 2020 from 7.4 percent in the previous three-month period. That was the highest jobless rate since the second quarter of 2017, as the number of unemployed rose by 11.3 thousand to 83.5 thousand due to the Covid-19 crisis, while the number of employed people fell by 10.0 thousand to 892.1 thousand.
2020-08-17

Latvia Unemployment Rate
In Latvia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.