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.
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
- External balance on goods and services as a percent of GDP -4.6% (2025)
- Inflation of consumer prices 3.7% (2025)
- GDP per capita 16,892 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 31.21 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 16,892 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (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.