Labor share of gdp in Latvia

Latvia: Labor share of gdp was 60.9 in 2020. β–² Rising

Latest (2020)
60.9
Change on year
up 8.4%
World rank
16th
of 186 countries
All-time high
60.9
in 2020
All-time low
43.1
in 2004
Years of data
17
2004–2020

Labor share of gdp in Latvia, 2004–2020

02040602004201220202004: 43.12005: 45.12006: 46.52007: 49.32008: 54.22009: 53.32010: 48.92011: 46.32012: 45.62013: 48.62014: 49.32015: 51.72016: 532017: 53.82018: 552019: 56.22020: 60.9

Source: Our World in Data.

Analysis

In 2020, labor share of gdp in Latvia stood at 60.9. That is the highest value across all 17 years on record.

That represents a change of up 8.4% on the previous year and up 24.5% over ten years.

Over the whole period, labor share of gdp in Latvia peaked at 60.9 in 2020 and was at its lowest, 43.1, in 2004.

Latvia ranks 16th of 186 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 48.58 43.1 54.2 6
2010s 50.84 45.6 56.2 10
2020s 60.9 60.9 60.9 1

Countries ranked near Latvia

  1. 13 Lesotho 61.4 compare
  2. 14 France 61.3 compare
  3. 15 Slovenia 61 compare
  4. 16 Spain 60.9 compare
  5. 18 South Africa 60.7 compare
  6. 19 United Kingdom 60.4 compare
  7. 19 United States 60.4 compare

See the full ranking of 186 places β†’

More work & labour data for Latvia

All data for Latvia β†’

Frequently asked questions

What is labor share of gdp in Latvia?
Labor share of gdp in Latvia was 60.9 in 2020, according to Our World in Data.
What is the highest labor share of gdp recorded in Latvia?
The highest recorded value was 60.9 in 2020.
What is the lowest labor share of gdp recorded in Latvia?
The lowest recorded value was 43.1 in 2004.
How does Latvia rank for labor share of gdp?
Latvia ranks 16th out of 186 countries with data for 2020.
Is labor share of gdp rising or falling in Latvia?
Over the last ten years it is up 24.5%. 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 Labor share of gdp. Statizoid updates them automatically from the source API.

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CSV Β· JSON β€” 17 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Labor share of gdp
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 3,162 data points, 2004–2020
Last refreshed