Long Term Unemployment Rate in Latvia decreased to 2.20 percent in the third quarter of 2019 from 2.50 percent in the second quarter of 2019. Latvia Long Term Unemployment Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Long Term Unemployment Rate in Latvia averaged 5 percent from 1998 until 2019, 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.

Long Term Unemployment Rate in Latvia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Latvia to stand at 2.30 in 12 months time. In the long-term, the Latvia Long Term Unemployment Rate is projected to trend around 2.30 percent in 2021, according to our econometric models.


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Latvia Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.50 10.10 1.20 1998 - 2019 percent Quarterly


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.