The unemployment rate in Latvia stood at 6.9 percent in the first quarter of 2019, the same as in the previous period and staying at the lowest figure since the second quarter of 2008 period. The number of unemployed decreased by 0.2 thousand from the previous quarter to 66.9 thousand while the number of employed fell by 6.2 thousand to 903.6 thousand. In the first quarter of 2019, Latvia still had the highest jobless rate among the Baltic States (4.7 percent in Estonia and 6.5 percent in Lithuania). A year ago, the unemployment rate was higher at 8.2 percent. Unemployment Rate in Latvia averaged 11.32 percent from 2002 until 2019, reaching an all time high of 21.30 percent in the first quarter of 2010 and a record low of 5.30 percent in the fourth quarter of 2007.

Unemployment Rate in Latvia is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Latvia to stand at 7.00 in 12 months time. In the long-term, the Latvia Unemployment Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

Latvia Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 10:00 AM Unemployment Rate 7.7% 8.2% 8.4%
2018-11-15 11:00 AM Unemployment Rate 7% 7.7% 7.7%
2019-02-22 11:00 AM Unemployment Rate 6.9% 7% 8.10%
2019-05-22 10:00 AM Unemployment Rate 6.9% 6.9% 7.3%
2019-08-15 10:00 AM Unemployment Rate 6.9% 6.9%
2019-11-15 11:00 AM Unemployment Rate 6.1%


Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 6.90 21.30 5.30 percent [+]
Employed Persons 904.00 909.80 1404.00 830.00 Thousand [+]
Unemployed Persons 55750.00 56105.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 3.00 3.00 10.10 1.20 percent [+]
Youth Unemployment Rate 10.70 11.50 40.80 7.50 percent [+]
Labour Costs 119.34 114.48 169.58 43.69 Index Points [+]
Job Vacancies 27763.00 21048.00 27763.00 1643.00 [+]
Wages 791.00 748.00 794.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.93 1.95 2.67 1.93 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 70.20 69.70 70.20 59.90 percent [+]
Part Time Employment 70.00 67.00 116.00 48.80 Thousand [+]
Productivity 117.70 136.70 136.70 44.30 Index Points [+]
Employment Change 0.40 -0.60 3.50 -6.70 percent [+]
Employment Rate 64.40 64.70 65.30 50.80 percent [+]
Full Time Employment 792.80 802.50 984.30 720.30 Thousand [+]


Latvia Unemployment Rate

In Latvia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Latvia Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.90 21.30 5.30 2002 - 2019 percent Quarterly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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