Total factor productivity in Latvia
Latvia: Total factor productivity was 1 in 2023. ▲ Rising
Latest (2023)
1
Change on year
up 0.5%
World rank
41st
of 120 countries
All-time high
1
in 2023
All-time low
0.5029
in 1994
Years of data
30
1994–2023
Total factor productivity in Latvia, 1994–2023
Source: Our World in Data.
Analysis
Latvia recorded 1 for total factor productivity in 2023. That is the highest value across all 30 years on record.
The figure is up 0.5% on the previous year and up 16.4% over ten years.
Over the whole period, total factor productivity in Latvia peaked at 1 in 2023 and was at its lowest, 0.5029, in 1994.
Latvia ranks 41st of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Total factor productivity in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 0.5029 | — |
| 1995 | 0.5131 | +2.0% |
| 1996 | 0.5231 | +2.0% |
| 1997 | 0.5559 | +6.3% |
| 1998 | 0.5838 | +5.0% |
| 1999 | 0.5982 | +2.5% |
| 2000 | 0.6327 | +5.8% |
| 2001 | 0.6506 | +2.8% |
| 2002 | 0.6875 | +5.7% |
| 2003 | 0.7234 | +5.2% |
| 2004 | 0.7632 | +5.5% |
| 2005 | 0.8017 | +5.0% |
| 2006 | 0.8452 | +5.4% |
| 2007 | 0.8812 | +4.3% |
| 2008 | 0.8456 | -4.0% |
| 2009 | 0.7918 | -6.4% |
| 2010 | 0.7999 | +1.0% |
| 2011 | 0.8109 | +1.4% |
| 2012 | 0.8598 | +6.0% |
| 2013 | 0.8606 | +0.1% |
| 2014 | 0.8771 | +1.9% |
| 2015 | 0.9093 | +3.7% |
| 2016 | 0.9292 | +2.2% |
| 2017 | 0.9562 | +2.9% |
| 2018 | 0.9694 | +1.4% |
| 2019 | 0.9547 | -1.5% |
| 2020 | 0.9502 | -0.5% |
| 2021 | 1 | +5.2% |
| 2022 | 0.9965 | -0.4% |
| 2023 | 1 | +0.5% |
Latvia compared with similar countries
- Latvia's 1 is above the median for high income countries, which is 0.994, 1.0× the median. (52 countries reporting)
- Latvia's 1 is above the median for Europe & Central Asia, which is 0.9969, 1.0× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5462 | 0.5029 | 0.5982 | 6 |
| 2000s | 0.7623 | 0.6327 | 0.8812 | 10 |
| 2010s | 0.8927 | 0.7999 | 0.9694 | 10 |
| 2020s | 0.987 | 0.9502 | 1 | 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 total factor productivity in Latvia?
- Total factor productivity in Latvia was 1 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Latvia?
- The highest recorded value was 1 in 2023.
- What is the lowest total factor productivity recorded in Latvia?
- The lowest recorded value was 0.5029 in 1994.
- How does Latvia rank for total factor productivity?
- Latvia ranks 41st out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Latvia?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).