Latvia: Unemployment rate forecast

For that indicator, we provide data for Latvia from 1992 to 2028. The average value for Latvia during that period was 10.2 percent with a minimum of 3.18 percent in 1992 and a maximum of 20.71 percent in 1996. The latest value from 2028 is 6.31 percent. For comparison, the world average in 2028 based on 100 countries is 6.64 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.