Labor Force Participation Rate in Latvia increased to 69.90 percent in the first quarter of 2020 from 69.50 percent in the fourth quarter of 2019.

Labor Force Participation Rate in Latvia averaged 65.69 percent from 2002 until 2020, reaching an all time high of 70.20 percent in the third quarter of 2018 and a record low of 59.90 percent in the first quarter of 2002. This page provides - Latvia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Activity Rate - values, historical data and charts - was last updated on August of 2020.

Labor Force Participation Rate in Latvia is expected to be 70.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Latvia to stand at 70.30 in 12 months time. In the long-term, the Latvia Activity Rate is projected to trend around 70.38 percent in 2021 and 70.40 percent in 2022, according to our econometric models.

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Latvia Activity Rate

Actual Previous Highest Lowest Dates Unit Frequency
69.90 69.50 70.20 59.90 2002 - 2020 percent Quarterly
NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 6.00 21.30 5.30 percent [+]
Employed Persons 902.10 913.10 1404.00 830.00 Thousand [+]
Unemployed Persons 78266.00 76440.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 1.80 10.10 1.20 percent [+]
Youth Unemployment Rate 18.40 18.40 40.80 7.60 percent [+]
Labour Costs 132.41 124.50 132.41 34.64 points [+]
Job Vacancies 18255.00 27316.00 29704.00 1643.00 [+]
Wages 822.00 801.00 846.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 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 69.90 69.50 70.20 59.90 percent [+]
Productivity 112.00 114.10 115.30 40.90 points [+]
Part Time Employment 94.80 75.10 116.00 48.80 Thousand [+]
Employment Change 0.10 0.30 3.40 -6.70 percent [+]
Employment Rate 64.70 65.40 65.60 50.80 percent [+]
Full Time Employment 763.30 795.70 984.30 720.30 Thousand [+]