Labor Force Participation Rate in Latvia decreased to 67 percent in the first quarter of 2021 from 69.30 percent in the fourth quarter of 2020. source: Central Statistical Bureau of Latvia

Labor Force Participation Rate in Latvia averaged 65.87 percent from 2002 until 2021, 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 July of 2021.

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 2022 and 70.40 percent in 2023, according to our econometric models.

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Latvia Activity Rate

Actual Previous Highest Lowest Dates Unit Frequency
67.00 69.30 70.20 59.90 2002 - 2021 percent Quarterly
NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 7.90 21.30 5.30 percent [+]
Employed Persons 853.00 886.00 1404.00 830.00 Thousand [+]
Unemployed Persons 67307.00 68765.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.40 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 14.10 14.40 40.90 7.60 percent [+]
Labour Costs 132.50 130.93 132.50 34.64 points [+]
Job Vacancies 21326.00 17079.00 29704.00 1643.00 [+]
Wages 932.00 870.00 932.00 113.00 EUR/Month [+]
Minimum Wages 500.00 430.00 500.00 75.18 EUR/Month [+]
Population 1.91 1.92 2.67 1.91 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 67.00 69.30 70.20 59.90 percent [+]
Productivity 122.90 119.30 122.90 40.90 points [+]
Part Time Employment 77.80 62.70 116.00 48.80 Thousand [+]
Employment Change -3.90 -0.50 3.40 -6.70 percent [+]
Employment Rate 61.60 63.80 65.60 50.80 percent [+]
Full Time Employment 767.10 786.70 984.30 720.30 Thousand [+]