Productivity in Latvia increased to 114.10 points in the fourth quarter of 2019 from 112.70 points in the third quarter of 2019.

Productivity in Latvia averaged 77.64 points from 1995 until 2019, reaching an all time high of 115.30 points in the second quarter of 2019 and a record low of 40.90 points in the first quarter of 1996. This page provides - Latvia Productivity- actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Productivity - values, historical data and charts - was last updated on May of 2020.

Productivity in Latvia is expected to be 129.79 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Latvia to stand at 131.21 in 12 months time. In the long-term, the Latvia Productivity is projected to trend around 130.95 points in 2021 and 130.56 points in 2022, according to our econometric models.

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Latvia Productivity

Actual Previous Highest Lowest Dates Unit Frequency
114.10 112.70 115.30 40.90 1995 - 2019 points Quarterly
2015=100, SA

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 72917.00 61926.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 1.80 2.20 10.10 1.20 percent [+]
Youth Unemployment Rate 12.10 10.80 40.80 7.60 percent [+]
Labour Costs 124.50 124.11 124.50 34.64 points [+]
Job Vacancies 27316.00 28712.00 29704.00 1643.00 [+]
Wages 846.00 809.00 846.00 113.00 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 114.10 112.70 115.30 40.90 points [+]
Part Time Employment 75.10 76.60 116.00 48.80 Thousand [+]
Employment Change 0.30 1.00 3.50 -6.70 percent [+]
Employment Rate 64.70 65.40 65.60 50.80 percent [+]
Full Time Employment 795.70 800.80 984.30 720.30 Thousand [+]


Latvia Productivity
In Latvia, productivity refers to real labour productivity per hour worked.