Unemployment rate (9/26/2025) in Latvia
Latvia: Unemployment rate (9/26/2025) was 6.26 in 2031. ▼ Falling
Unemployment rate in Latvia, 1992–2031
Source: International Monetary Fund.
Analysis
Latvia recorded 6.26 for unemployment rate in 2031.
Compared with earlier readings it is down 1.5% on the previous year and down 17.2% over ten years.
Over the whole period, unemployment rate in Latvia peaked at 20.71 in 1996 and was at its lowest, 3.18, in 1992.
That places Latvia 7th out of 22 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently falling across the 40 years of available data.
Unemployment rate (9/26/2025) in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 3.18 | — |
| 1993 | 6.95 | +118.7% |
| 1994 | 6.95 | +0.0% |
| 1995 | 6.95 | +0.0% |
| 1996 | 20.71 | +197.9% |
| 1997 | 15.17 | -26.8% |
| 1998 | 13.96 | -8.0% |
| 1999 | 14.07 | +0.8% |
| 2000 | 14.34 | +2.0% |
| 2001 | 13.48 | -6.0% |
| 2002 | 12.48 | -7.4% |
| 2003 | 11.64 | -6.7% |
| 2004 | 11.74 | +0.9% |
| 2005 | 10.03 | -14.5% |
| 2006 | 7.03 | -29.9% |
| 2007 | 6.07 | -13.7% |
| 2008 | 7.73 | +27.5% |
| 2009 | 17.56 | +127.0% |
| 2010 | 19.48 | +10.9% |
| 2011 | 16.21 | -16.8% |
| 2012 | 15.05 | -7.2% |
| 2013 | 11.87 | -21.1% |
| 2014 | 10.85 | -8.6% |
| 2015 | 9.87 | -9.0% |
| 2016 | 9.64 | -2.4% |
| 2017 | 8.71 | -9.6% |
| 2018 | 7.41 | -14.9% |
| 2019 | 6.31 | -14.9% |
| 2020 | 8.1 | +28.3% |
| 2021 | 7.55 | -6.7% |
| 2022 | 6.85 | -9.3% |
| 2023 | 6.5 | -5.1% |
| 2024 | 6.93 | +6.5% |
| 2025 | 6.93 | +0.1% |
| 2026 | 6.66 | -4.0% |
| 2027 | 6.52 | -2.0% |
| 2028 | 6.48 | -0.6% |
| 2029 | 6.44 | -0.6% |
| 2030 | 6.35 | -1.5% |
| 2031 | 6.26 | -1.5% |
Latvia compared with similar countries
- Latvia's 6.26 is above the median for high income countries, which is 3.98, 1.6× the median. (12 countries reporting)
- Latvia's 6.26 is above the median for Europe & Central Asia, which is 6.23, 1.0× the median. (6 countries reporting)
Biggest year-on-year movements
Years where Unemployment rate (9/26/2025) in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +197.9% | 6.95 | 20.71 |
| 2009 | +127.0% | 7.73 | 17.56 |
| 1993 | +118.7% | 3.18 | 6.95 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.99 | 3.18 | 20.71 | 8 |
| 2000s | 11.21 | 6.07 | 17.56 | 10 |
| 2010s | 11.54 | 6.31 | 19.48 | 10 |
| 2020s | 6.9 | 6.44 | 8.1 | 10 |
| 2030s | 6.3 | 6.26 | 6.35 | 2 |
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 unemployment rate in Latvia?
- Unemployment rate in Latvia was 6.26 in 2031, according to International Monetary Fund.
- What is the highest unemployment rate recorded in Latvia?
- The highest recorded value was 20.71 in 1996.
- What is the lowest unemployment rate recorded in Latvia?
- The lowest recorded value was 3.18 in 1992.
- How does Latvia rank for unemployment rate?
- Latvia ranks 7th out of 22 countries with data for 2031.
- Is unemployment rate rising or falling in Latvia?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Unemployment rate (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.