Productivity in Latvia increased to 117.50 points in the second quarter of 2020 from 112 points in the first quarter of 2020.

Productivity in Latvia averaged 78.37 points from 1995 until 2020, reaching an all time high of 117.50 points in the second quarter of 2020 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 October 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
117.50 112.00 117.50 40.90 1995 - 2020 points Quarterly
2015=100, SA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.60 7.40 21.30 5.30 percent [+]
Employed Persons 892.10 902.10 1404.00 830.00 Thousand [+]
Unemployed Persons 70306.00 75013.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 1.80 10.10 1.20 percent [+]
Youth Unemployment Rate 16.30 17.60 40.80 7.50 percent [+]
Labour Costs 131.82 132.41 132.41 34.64 points [+]
Job Vacancies 19753.00 18255.00 29704.00 1643.00 [+]
Wages 836.00 815.00 846.00 113.00 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 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 70.10 69.90 70.20 59.90 percent [+]
Productivity 117.50 112.00 117.50 40.90 points [+]
Part Time Employment 68.30 94.80 116.00 48.80 Thousand [+]
Employment Change -4.40 0.10 3.40 -6.70 percent [+]
Employment Rate 64.10 64.70 65.60 50.80 percent [+]
Full Time Employment 782.60 763.30 984.30 720.30 Thousand [+]


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