Key indicator

Unemployment rate tends to reduce

In 2018, there were 72.8 thousand unemployed persons in Latvia. Along with the economic recession, unemployment rate grew sharply in 2009, reaching the peak value (19.5 %) in 2010. Since 2011, unemployment rate has been declining gradually, and it constituted 7.4 % in 2018.

Unemployment rate among females still was lower than among males – 6.4 % and 8.4 %, respectively.

Unemployment rate of young people (aged 15–24), in turn, constituted 12.2 %. Among the Baltic countries, the lowest youth unemployment was registered in Lithuania (11.1 %), followed by Estonia (11.8 %).