The unemployment rate in Latvia dropped to 6.4 percent in the second quarter of 2019 from 6.9 percent in the previous period. That was the lowest rate since the last quarter of 2007, as the number of unemployed decreased by 5.4 thousand from the previous quarter to 61.5 thousand while the number of employed increased by 2 thousand to 905.6 thousand. The labor force participation rate edged down to 69 percent from 69.2 percent in the previous period. Unemployment Rate in Latvia averaged 11.25 percent from 2002 until 2019, 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 6.10 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 5.50 in 12 months time. In the long-term, the Latvia Unemployment Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

Latvia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-15 11:00 AM Unemployment Rate Q3 7% 7.7% 7.7%
2019-02-22 11:00 AM Unemployment Rate Q4 6.9% 7% 8.10%
2019-05-22 10:00 AM Unemployment Rate Q1 6.9% 6.9% 7.3%
2019-08-15 10:00 AM Unemployment Rate Q2 6.4% 6.9% 6.9%
2019-11-15 11:00 AM Unemployment Rate Q3 6.4% 6.1%


Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.40 6.90 21.30 5.30 percent [+]
Employed Persons 905.60 903.60 1404.00 830.00 Thousand [+]
Unemployed Persons 54390.00 55373.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 3.00 3.00 10.10 1.20 percent [+]
Youth Unemployment Rate 13.30 14.90 40.90 7.60 percent [+]
Labour Costs 118.99 119.34 169.58 43.69 Index Points [+]
Job Vacancies 29704.00 27763.00 29704.00 1643.00 [+]
Wages 806.00 797.00 806.00 113.00 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 69.00 69.20 70.20 59.90 percent [+]
Part Time Employment 70.00 67.00 116.00 48.80 Thousand [+]
Productivity 134.40 117.70 136.70 44.30 Index Points [+]
Employment Change 0.40 -0.60 3.50 -6.70 percent [+]
Employment Rate 64.70 64.40 65.30 50.80 percent [+]
Full Time Employment 792.80 802.50 984.30 720.30 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.90 21.30 5.30 2002 - 2019 percent Quarterly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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