Total factor productivity in Latvia
Latvia: Total factor productivity was 1 in 2023. ▲ Rising
Total factor productivity in Latvia, 1994–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by 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
- Foreign direct investment, net outflows (BoP, current US$), gaps 317.22 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0065 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 171.67 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 243.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -83.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 131.89 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 18.65 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1255 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 3,301 includes gold, current US$ per person (2025)
Frequently asked questions
- What is total factor productivity in Latvia?
- Total factor productivity in Latvia was 1 in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by 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 Feenstra et al. – Penn World Table (2025) – with major processing by 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).
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.