Latvia: Productivity, relative to the U.S.

The latest value from 2022 is 63.32 index points, an increase from 58.31 index points in 2021. In comparison, the world average is 81.93 index points, based on data from 37 countries. Historically, the average for Latvia from 1995 to 2022 is 39.94 index points. The minimum value, 23.57 index points, was reached in 1996 while the maximum of 63.32 index points was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The index sets the level of GDP per hour worked in the U.S. to 100 and uses it as basis to compare other countries. Countries with an index greater (smaller) than 100 have greater (lower) labor productivity than the U.S. The GDP used in the calculation is adjusted for Purchasing Power Parity to account for price differences across countries.