Latvia Forecast: Unemployment Rate

1992 - 2029 | Yearly | % | International Monetary Fund

Key information about Latvia Unemployment Rate Forecast

  • Latvia Unemployment Rate is forecasted to be 6.727 % in Dec 2024 as reported by International Monetary Fund
  • It records a decrease from the last reported number of 6.506 % in Dec 2023
  • Looking ahead, Latvia Unemployment Rate is projected to stand at 6.286 % in Dec 2029
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View Latvia's Forecast: Unemployment Rate from 1992 to 2029 in the chart:

Latvia Forecast: Unemployment Rate

What is Latvia's Forecast: Unemployment Rate in 2029?

Latvia Unemployment Rate is forecasted to be 6.727 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.286 2029 6.326 2028 3.178 1992 20.711 1996 % yearly 1992 - 2029

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.700 2029 yearly 1980 - 2029
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.550 2029 yearly 2010 - 2029
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.524 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.098 2029 yearly 2000 - 2029
Bahamas (%) 9.500 2029 yearly 1986 - 2029
Bahrain (%) 6.300 2023 yearly 2007 - 2023
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.677 2029 yearly 1981 - 2029
Belarus (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.700 2029 yearly 1980 - 2029
Belize (%) 3.400 2029 yearly 1990 - 2029
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.200 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.482 2029 yearly 1991 - 2029
Brunei (%) 4.900 2029 yearly 2011 - 2029
Bulgaria (%) 4.000 2029 yearly 1989 - 2029
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.960 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2029 yearly 1980 - 2029
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 9.400 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.466 2029 yearly 1991 - 2029
Cyprus (%) 4.979 2029 yearly 1982 - 2029
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2029 yearly 1988 - 2029
Egypt (%) 5.502 2029 yearly 1990 - 2029
El Salvador (%) 5.216 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.508 2029 yearly 1993 - 2029
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2029 yearly 1986 - 2029
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 14.500 2029 yearly 1996 - 2029
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.669 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
India (%) 0.000 yearly -
Indonesia (%) 5.100 2029 yearly 1984 - 2029
Iran (%) 9.000 2029 yearly 1990 - 2029
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.900 2029 yearly 1980 - 2029
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.400 2023 yearly 1980 - 2023
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.775 2029 yearly 1994 - 2029
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.000 2029 yearly 1980 - 2029
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2029 yearly 1994 - 2029
Laos (%) 0.000 yearly -
Latvia (%) 6.286 2029 yearly 1992 - 2029
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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Latvia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.8 Jun 2024 quarterly Dec 1999 - Jun 2024
Consolidated Fiscal Balance (USD mn) 330.230 Jun 2024 quarterly Mar 1999 - Jun 2024
Tax Revenue (USD mn) 2,692.975 Jun 2024 quarterly Mar 1999 - Jun 2024
Tax Revenue: % of GDP (%) 24.9 Jun 2024 quarterly Mar 1999 - Jun 2024
National Government Debt (USD mn) 19,486.5 Jun 2024 quarterly Mar 2000 - Jun 2024
Government Debt: % of GDP (%) 46.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Forecast: Government Expenditure (EUR bn) 22.508 2029 yearly 1998 - 2029
Forecast: Government Net Debt (EUR bn) 25.255 2029 yearly 1998 - 2029
Forecast: Government Revenue (EUR bn) 20.922 2029 yearly 1998 - 2029
General Govt Debt: % of GDP (%) 39.976 2017 yearly 2000 - 2017
General Govt Revenue: Taxes on Production and Imports: Value Added Type Taxes (EUR mn) 941.842 Jun 2024 quarterly Mar 1999 - Jun 2024
General Govt Expenditure: Capital Transfers Payable (EUR mn) 0.000 Sep 2018 quarterly Mar 1999 - Sep 2018
General Govt Debt (EUR mn) 18,192.964 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.600 2028 yearly 1993 - 2028
Trade Balance (USD mn) -293.3 Sep 2024 monthly Jan 1995 - Sep 2024
Total Exports (USD mn) 1,734.9 Sep 2024 monthly Jan 1995 - Sep 2024
Total Exports Growth (%) -1.0 Sep 2024 monthly Jan 1996 - Sep 2024
Aluminum: Exports (USD th) 25,067.659 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 710,253.583 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 53,671.035 2023 yearly 1995 - 2023
Total Imports (USD mn) 2,028.2 Sep 2024 monthly Jan 1995 - Sep 2024
Total Imports Growth (%) -12.4 Sep 2024 monthly Jan 1996 - Sep 2024
Imports: Medicament (USD th) 847,102.111 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 178,444.602 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 40.231 Sep 2024 monthly Mar 1992 - Sep 2024
Total Imports from USA (USD mn) 19.934 Sep 2024 monthly Jan 1992 - Sep 2024
Total Exports to China (USD mn) 16.025 Sep 2024 monthly Jan 2000 - Sep 2024
Total Imports from China (USD mn) 82.503 Sep 2024 monthly Jun 1993 - Sep 2024
Exports: Machinery and Mechanical Appliances (EUR th) 88,396.792 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Iron and Steel (EUR th) 16,828.186 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Wood and Articles of Wood and Wood Charcoal (EUR th) 234,137.236 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Mineral Fuels, Mineral Oils, Bituminous Substances and Mineral Waxes (EUR th) 83,119.077 Sep 2024 monthly Jan 2000 - Sep 2024
Exports (EUR th) 1,562,430.002 Sep 2024 monthly Jan 1995 - Sep 2024
Exports: Electrical Machinery and Equipment (EUR th) 165,147.285 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Estonia (EUR) 179,640,421.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Germany (EUR) 106,845,493.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Lithuania (EUR) 287,959,659.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Poland (EUR) 67,974,611.000 Sep 2024 monthly Jan 2000 - Sep 2024
Exports: Russian Federation (EUR) 80,752,351.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Vehicles Other Than Rolling Stock and Parts and Accessories (EUR th) 146,826.742 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Iron and Steel (EUR th) 35,573.435 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Machinery and Mechanical Appliances (EUR th) 149,650.699 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Electrical Machinery and Equipment (EUR th) 190,905.325 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Mineral Fuels, Mineral Oils, Bituminous Substances and Mineral Waxes (EUR th) 224,167.521 Sep 2024 monthly Jan 2000 - Sep 2024
Imports (EUR th) 1,826,587.615 Sep 2024 monthly Jan 1995 - Sep 2024
Imports: Estonia (EUR) 163,171,039.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Germany (EUR) 210,643,544.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Lithuania (EUR) 418,973,400.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Poland (EUR) 203,849,290.000 Sep 2024 monthly Jan 2000 - Sep 2024
Imports: Russian Federation (EUR) 25,216,721.000 Sep 2024 monthly Jan 2000 - Sep 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 127.7 Sep 2024 monthly Jan 2000 - Sep 2024
Current Account Balance (USD mn) 23.0 Apr 2023 monthly Jan 2000 - Apr 2023
Current Account Balance: % of GDP (%) -4.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Direct Investment (USD mn) 14.3 Apr 2023 monthly Jan 2000 - Apr 2023
Foreign Direct Investment: % of GDP (%) 3.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment (USD mn) 437.526 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 10.7 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -11.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 447.511 Sep 2024 quarterly Mar 2000 - Sep 2024
External Debt (USD mn) 44,067.2 Mar 2024 quarterly Mar 2000 - Mar 2024
External Debt: % of GDP (%) 106.8 Sep 2024 quarterly Mar 2000 - Sep 2024
External Debt: Short Term (USD mn) 20,622.7 Mar 2024 quarterly Mar 2000 - Mar 2024
External Debt: Short Term: % of GDP (%) 47.6 2023 yearly 2000 - 2023
Total Debt: % of GDP (%) 343.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Forecast: Current Account Balance (USD bn) -1.914 2029 yearly 1992 - 2029
Net International Investment Position (USD mn) -10,162.597 Jun 2024 quarterly Mar 1996 - Jun 2024
BoP: Current Account: Secondary Income: Debit (EUR mn) 138.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Capital Account: Debit (EUR mn) 0.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Direct Investment (EUR mn) -30.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Errors and Omissions (EUR mn) 113.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Capital Account: Credit (EUR mn) 32.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: PI: Debit (EUR mn) 315.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Goods (EUR mn) -276.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account (EUR mn) 50.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Services (EUR mn) 190.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Goods: Credit (EUR mn) 1,557.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Other Investment (EUR mn) 601.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Secondary Income: Credit (EUR mn) 218.000 Sep 2024 monthly Jan 2000 - Sep 2024
Balance of Payments (BoP): Current Account (EUR mn) -95.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Portfolio Investment: Assets (EUR mn) 55.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Services: Debit (EUR mn) 490.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Portfolio Investment: Liabilities (EUR mn) 592.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Reserve Assets (EUR mn) 54.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Goods: Debit (EUR mn) 1,834.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Financial Derivatives (EUR mn) -38.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Secondary Income (EUR mn) 80.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Services: Credit (EUR mn) 680.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: PI: Credit (EUR mn) 226.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Other Investment: Liabilities (EUR mn) -484.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Current Account: Primary Income (PI) (EUR mn) -89.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Other Investment: Assets (EUR mn) 117.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Financial Derivatives: Liabilities (EUR mn) -7.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Financial Derivatives: Assets (EUR mn) -46.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Direct Investment: Assets (EUR mn) 115.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Direct Investment: Liabilities (EUR mn) 145.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (EUR mn) 35.000 Nov 2018 monthly Jan 2000 - Nov 2018
BoP: Capital Account (EUR mn) 32.000 Sep 2024 monthly Jan 2000 - Sep 2024
BoP: Financial Account: Portfolio Investment (EUR mn) -537.000 Sep 2024 monthly Jan 2000 - Sep 2024
IIP: Assets (EUR mn) 56,451.000 Sep 2024 quarterly Mar 2000 - Sep 2024
IIP: Liabilities (EUR mn) 65,260.000 Sep 2024 quarterly Mar 2000 - Sep 2024
International Investment Position (IIP) (EUR mn) -8,810.000 Sep 2024 quarterly Mar 2000 - Sep 2024
Gross External Debt (EUR mn) 40,837.000 Mar 2024 quarterly Mar 2000 - Mar 2024
Net External Debt (EUR mn) 2,814.000 Mar 2024 quarterly Mar 2000 - Mar 2024
FDI: Stock: Manufacturing (EUR mn) 3,402.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: Wholesale and Retail Trade, Repair of Vehicles (EUR mn) 3,406.000 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Direct Investment (FDI): Stock (EUR mn) 25,750.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: Financial and Insurance Activities (EUR mn) 3,902.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: Real Estate Activities (EUR mn) 2,283.000 Dec 2018 quarterly Mar 2000 - Dec 2018
FDI: Stock: Construction (EUR mn) 413.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: EU: EA: Netherlands (EUR mn) 1,277.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: EU: Non EA: Sweden (EUR mn) 7,855.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: EU: EA: Estonia (EUR mn) 3,436.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: EU: EA: Cyprus (EUR mn) 1,327.000 Sep 2024 quarterly Mar 2000 - Sep 2024
FDI: Stock: EU: EA: Lithuania (EUR mn) 2,122.000 Sep 2024 quarterly Mar 2000 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.2 Sep 2024 quarterly Dec 2004 - Sep 2024
Household Debt: % of GDP (%) 22.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Non-Performing Loans (USD mn) 230.387 Sep 2024 quarterly Dec 2010 - Sep 2024
Money Supply M1 (USD mn) 17,819.629 Sep 2024 monthly Jul 2003 - Sep 2024
Money Supply M2 (USD mn) 22,948.669 Sep 2024 monthly Jul 2003 - Sep 2024
M2 Growth (%) 4.5 Sep 2024 monthly Jan 2015 - Sep 2024
Reserve Requirement Ratio (%) 1.0 Oct 2024 monthly Jan 1999 - Oct 2024
Foreign Exchange Reserves (USD mn) 4,050.0 Oct 2024 monthly Jan 1997 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 9.361 Jun 2024 quarterly Mar 1997 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 2.0 Sep 2024 monthly Jan 1997 - Sep 2024
Gold Reserves (USD mn) 590.512 Oct 2024 monthly Dec 1992 - Oct 2024
Total Deposits (USD mn) 20,523.740 Sep 2024 monthly Jan 1993 - Sep 2024
Total Deposits Growth (%) 2,672.4 Jun 2024 monthly Jan 1994 - Jun 2024
Domestic Credit (USD mn) 18,329.7 Aug 2024 monthly Jul 2003 - Aug 2024
Domestic Credit Growth (%) -1.6 Aug 2024 monthly Jul 2004 - Aug 2024
Household Debt (USD mn) 9,367.8 Jun 2024 quarterly Mar 2004 - Jun 2024
Total Loans (USD mn) 19,533.504 Aug 2023 monthly Jul 2003 - Aug 2023
Total Loans Growth (%) 12.74 Aug 2023 monthly Jul 2004 - Aug 2023
Private Debt: % of Nominal GDP (%) 27.65 Jun 2024 quarterly Sep 2003 - Jun 2024
Monetary Base: Euro Area: National Contribution (NC) (EUR mn) 11,565.700 Oct 2024 monthly Jan 2014 - Oct 2024
Monetary Aggregates: M3 (EUR mn) 20,781.300 Sep 2024 monthly Jan 2014 - Sep 2024
Official Reserve Assets: EUR: Foreign Currency Reserves (CR) (EUR mn) 3,898.000 Nov 2024 monthly Jan 2007 - Nov 2024
Official Reserve Assets: EUR (EUR mn) 4,859.000 Oct 2024 monthly Jan 2007 - Oct 2024
Deposits: Residents (EUR mn) 18,415.200 Sep 2024 monthly Jan 1993 - Sep 2024
Loans: Residents: Households: Consumer Credit (EUR mn) 781.800 Sep 2024 monthly Jul 2003 - Sep 2024
Loans: Residents: Households: for House Purchase (EUR mn) 4,971.400 Sep 2024 monthly Jul 2003 - Sep 2024
Loans: Overdue: Non Performing Loans (NPL) (EUR th) 984,108.035 Mar 2019 quarterly Mar 2018 - Mar 2019
Loans (EUR th) 14,194,462.366 Jun 2018 quarterly Dec 2010 - Jun 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -6.9 May 2023 monthly Apr 1994 - May 2023
Economic Sentiment Index: Long Term Average: sa (NA) 98.500 Nov 2024 monthly Apr 1993 - Nov 2024

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