Productivity vs annual hours worked in Latvia
Latvia: Productivity vs annual hours worked was 1,625 in 2023. ▼ Falling
Latest (2023)
1,625
Change on year
down 0.3%
World rank
100th
of 129 countries
All-time high
1,873
in 2001
All-time low
1,571
in 2020
Years of data
29
1995–2023
Productivity vs annual hours worked in Latvia, 1995–2023
Source: Our World in Data.
Analysis
The most recent figure for productivity vs annual hours worked in Latvia is 1,625, measured in 2023.
Compared with earlier readings it is down 0.3% on the previous year and down 3.6% over ten years.
Over the whole period, productivity vs annual hours worked in Latvia peaked at 1,873 in 2001 and was at its lowest, 1,571, in 2020.
That places Latvia 100th out of 129 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Productivity vs annual hours worked in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 1,867 | — |
| 1996 | 1,865 | -0.1% |
| 1997 | 1,861 | -0.2% |
| 1998 | 1,860 | -0.1% |
| 1999 | 1,861 | +0.1% |
| 2000 | 1,865 | +0.2% |
| 2001 | 1,873 | +0.4% |
| 2002 | 1,842 | -1.6% |
| 2003 | 1,836 | -0.3% |
| 2004 | 1,802 | -1.8% |
| 2005 | 1,842 | +2.2% |
| 2006 | 1,829 | -0.7% |
| 2007 | 1,794 | -1.9% |
| 2008 | 1,751 | -2.4% |
| 2009 | 1,707 | -2.5% |
| 2010 | 1,692 | -0.9% |
| 2011 | 1,707 | +0.9% |
| 2012 | 1,692 | -0.9% |
| 2013 | 1,686 | -0.3% |
| 2014 | 1,695 | +0.6% |
| 2015 | 1,663 | -1.9% |
| 2016 | 1,664 | +0.0% |
| 2017 | 1,650 | -0.8% |
| 2018 | 1,661 | +0.7% |
| 2019 | 1,661 | -0.0% |
| 2020 | 1,571 | -5.4% |
| 2021 | 1,597 | +1.7% |
| 2022 | 1,630 | +2.1% |
| 2023 | 1,625 | -0.3% |
Latvia compared with similar countries
- Latvia's 1,625 is below the median for high income countries, which is 1,685, 96% of the median. (50 countries reporting)
- Latvia's 1,625 is below the median for Europe & Central Asia, which is 1,741, 93% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,863 | 1,860 | 1,867 | 5 |
| 2000s | 1,814 | 1,707 | 1,873 | 10 |
| 2010s | 1,677 | 1,650 | 1,707 | 10 |
| 2020s | 1,606 | 1,571 | 1,630 | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is productivity vs annual hours worked in Latvia?
- Productivity vs annual hours worked in Latvia was 1,625 in 2023, according to Our World in Data.
- What is the highest productivity vs annual hours worked recorded in Latvia?
- The highest recorded value was 1,873 in 2001.
- What is the lowest productivity vs annual hours worked recorded in Latvia?
- The lowest recorded value was 1,571 in 2020.
- How does Latvia rank for productivity vs annual hours worked?
- Latvia ranks 100th out of 129 countries with data for 2023.
- Is productivity vs annual hours worked rising or falling in Latvia?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Productivity vs annual hours worked. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (Our World in Data).