Nominal Labour productivity by NUTS 2 region in Latvia
Latvia: Nominal Labour productivity by NUTS 2 region was 44,400 Euro in 2024. ▲ Rising
Latest (2024)
44,400 Euro
Change on year
up 3.5%
World rank
35th
of 41 countries
All-time high
44,400 Euro
in 2024
All-time low
9,100 Euro
in 2000
Years of data
25
2000–2024
Nominal Labour productivity by NUTS 2 region in Latvia, 2000–2024
Source: Eurostat. Measured in Euro.
Analysis
In 2024, nominal labour productivity by nuts 2 region in Latvia stood at 44,400 Euro. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 70.8% over ten years.
Over the whole period, nominal labour productivity by nuts 2 region in Latvia peaked at 44,400 Euro in 2024 and was at its lowest, 9,100 Euro, in 2000.
That places Latvia 35th out of 41 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Nominal Labour productivity by NUTS 2 region in Latvia, year by year
| Year | Euro | Change |
|---|---|---|
| 2000 | 9,100 Euro | — |
| 2001 | 9,800 Euro | +7.7% |
| 2002 | 10,300 Euro | +5.1% |
| 2003 | 10,500 Euro | +1.9% |
| 2004 | 11,700 Euro | +11.4% |
| 2005 | 13,600 Euro | +16.2% |
| 2006 | 16,000 Euro | +17.6% |
| 2007 | 20,300 Euro | +26.9% |
| 2008 | 22,100 Euro | +8.9% |
| 2009 | 20,400 Euro | -7.7% |
| 2010 | 20,800 Euro | +2.0% |
| 2011 | 22,200 Euro | +6.7% |
| 2012 | 24,500 Euro | +10.4% |
| 2013 | 24,800 Euro | +1.2% |
| 2014 | 26,000 Euro | +4.8% |
| 2015 | 26,700 Euro | +2.7% |
| 2016 | 27,600 Euro | +3.4% |
| 2017 | 29,400 Euro | +6.5% |
| 2018 | 31,100 Euro | +5.8% |
| 2019 | 32,100 Euro | +3.2% |
| 2020 | 31,900 Euro | -0.6% |
| 2021 | 35,700 Euro | +11.9% |
| 2022 | 39,800 Euro | +11.5% |
| 2023 | 42,900 Euro | +7.8% |
| 2024 | 44,400 Euro | +3.5% |
Latvia compared with similar countries
- Latvia's 44,400 Euro is below the median for Europe & Central Asia, which is 61,100 Euro, 73% of the median. (29 countries reporting)
- Latvia's 44,400 Euro is below the median for high income countries, which is 69,800 Euro, 64% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14,380 Euro | 9,100 Euro | 22,100 Euro | 10 |
| 2010s | 26,520 Euro | 20,800 Euro | 32,100 Euro | 10 |
| 2020s | 38,940 Euro | 31,900 Euro | 44,400 Euro | 5 |
Countries ranked near Latvia
More work & labour data for Latvia
- Population - Est. & Proj. — Total Population - Both sexes, annual -1.02 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -1 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -1.04 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.94 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate -0.2718 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 1,152 1000 No (2050)
- Population - Est. & Proj. — Rural population 365.13 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 470.3 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 455.07 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 925.37 1000 No (2100)
Frequently asked questions
- What is nominal labour productivity by nuts 2 region in Latvia?
- Nominal labour productivity by nuts 2 region in Latvia was 44,400 Euro in 2024, according to Eurostat.
- What is the highest nominal labour productivity by nuts 2 region recorded in Latvia?
- The highest recorded value was 44,400 Euro in 2024.
- What is the lowest nominal labour productivity by nuts 2 region recorded in Latvia?
- The lowest recorded value was 9,100 Euro in 2000.
- How does Latvia rank for nominal labour productivity by nuts 2 region?
- Latvia ranks 35th out of 41 countries with data for 2024.
- Is nominal labour productivity by nuts 2 region rising or falling in Latvia?
- Over the last ten years it is up 70.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Eurostat, published as part of Nominal Labour productivity by NUTS 2 region. Statizoid updates them automatically from the source API.
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