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. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Latvia - Productivity, current USD - Recent values chart

Historical series
Latvia - Productivity, current USD - historical chart - 1995-2023




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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Economic growth -0.28 2023 percent
 GDP, constant dollars 31.9 2023 billion U.S. dollars
 GDP, current U.S. dollars 43.63 2023 billion U.S. dollars
 GDP per capita, current dollars 23,184.31 2023 U.S. dollars
 GDP per capita, PPP 37,813 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 -1.00 Q3/2024 percent
 Economic growth Q-on-Q -0.20 Q3/2024 percent
 Gross Domestic Product (GDP) 10.10 Q3/2024 billion
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