Latvia’s jobless rate decreased to 7 percent in the third quarter of 2018 from 7.7 percent in the previous three month period. It was the lowest unemployment rate since the three months to September of 2008, as the number of unemployed decreased by 6.6 thousand from the previous quarter to 68.8 thousand and the number of employed rose by 10.5 thousand to 920.1 thousand. During the third quarter of 2018, Latvian jobless rate continued to be the highest among the Baltic States (5.2 percent in Estonia and 5.9 percent in Lithuania). A year ago, the unemployment rate was higher at 8.5 percent. Unemployment Rate in Latvia averaged 11.45 percent from 2002 until 2018, 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.

Unemployment Rate in Latvia is expected to be 8.10 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 6.20 in 12 months time. In the long-term, the Latvia Unemployment Rate is projected to trend around 8.20 percent in 2020, according to our econometric models.

Latvia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-23 10:00 AM Unemployment Rate 8.1% 8.5% 8.2%
2018-05-22 10:00 AM Unemployment Rate 8.2% 8.1% 8.5%
2018-08-15 10:00 AM Unemployment Rate 7.7% 8.2% 8.4%
2018-11-15 11:00 AM Unemployment Rate 7% 7.7% 7.7%
2019-02-22 10:00 AM Unemployment Rate 8.1%
2019-05-22 10:00 AM Unemployment Rate 8%
2019-08-15 10:00 AM Unemployment Rate 8%


Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.00 7.70 21.30 5.30 percent [+]
Employed Persons 920.00 909.60 1404.00 830.00 Thousand [+]
Unemployed Persons 56726.00 56734.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 3.20 3.20 10.10 1.20 percent [+]
Youth Unemployment Rate 10.30 8.60 40.70 7.80 percent [+]
Labour Costs 113.71 112.32 169.58 43.69 Index Points [+]
Job Vacancies 24078.00 20886.00 24078.00 1643.00 [+]
Wages 728.00 751.00 756.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.93 1.95 2.67 1.93 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 70.20 69.70 70.20 59.90 percent [+]
Part Time Employment 59.60 62.00 116.00 48.80 Thousand [+]
Productivity 133.50 128.10 133.50 44.30 Index Points [+]
Employment Change -0.30 0.90 3.50 -6.70 percent [+]
Employment Rate 65.30 64.40 65.30 50.80 percent [+]
Full Time Employment 813.80 799.70 984.30 720.30 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.70 21.30 5.30 2002 - 2018 percent Quarterly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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