Long Term Unemployment Rate in Latvia increased to 2.40 percent in the first quarter of 2021 from 2.10 percent in the fourth quarter of 2020. source: EUROSTAT

Long Term Unemployment Rate in Latvia averaged 4.80 percent from 1998 until 2021, reaching an all time high of 10.10 percent in the first quarter of 2011 and a record low of 1.20 percent in the third quarter of 2007. This page provides - Latvia Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2021.

Long Term Unemployment Rate in Latvia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Long Term Unemployment Rate is projected to trend around 3.10 percent in 2022 and 1.90 percent in 2023, according to our econometric models.

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Latvia Long Term Unemployment Rate


Latvia Last Unit Reference Previous Highest Lowest
Long Term Unemployment Rate 2.40 percent Mar/21 2.10 10.10 1.20
Youth Unemployment Rate 12.80 percent Aug/21 13.60 41.00 7.60
Job Vacancies 25060.00 Jun/21 21326.00 29704.00 1643.00
Minimum Wages 500.00 EUR/Month Sep/21 500.00 500.00 75.18
Productivity 117.90 points Jun/21 122.90 122.90 40.90
Part Time Employment 59.70 Thousand Jun/21 71.60 116.00 48.80
Full Time Employment 757.80 Thousand Jun/21 740.50 984.30 720.30
Employment Change -3.90 percent Mar/21 -0.50 3.40 -6.70


Latvia Long Term Unemployment Rate
In Latvia, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.