Latvia: Productivity, current USD
* indicates monthly or quarterly data series
| Latvia |
GDP per hour worked in current USD, PPP adjusted |
|---|---|
| Latest value | 58.8 |
| Year | 2023 |
| Measure | USD per hour worked |
| Data availability | 1995 - 2023 |
| Average | 26.3 |
| Min - Max | 7.9 - 58.8 |
| Source | OECD |
The latest value from 2023 is 58.8 USD per hour worked, an increase from 56.7 USD per hour worked in 2022. In comparison, the world average is 75.9 USD per hour worked, based on data from 37 countries. Historically, the average for Latvia from 1995 to 2023 is 26.3 USD per hour worked. The minimum value, 7.9 USD per hour worked, was reached in 1995 while the maximum of 58.8 USD per hour worked was recorded in 2023.
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Definition: GDP per hour worked expressed in current USD. The level of GDP is adjusted in terms of Purchasing Power Parity to reflect price differences across countries.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 1.71 | 2023 | percent |
| GDP, constant dollars | 31.9 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 42.25 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 22,502.84 | 2023 | U.S. dollars |
| GDP per capita, PPP | 38,368 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 16,945.21 | 2023 | U.S. dollars |
| Productivity, relative to the U.S. | 63.32 | 2022 | index points |
| Productivity, current USD | 58.8 | 2023 | USD per hour worked |
| Economic growth, quarterly | -0.40 | Q4/2024 | percent |
| Economic growth Q-on-Q | 0.00 | Q4/2024 | percent |
| Gross Domestic Product (GDP) | 11.04 | Q4/2024 | billion |