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Latvia

The Latvian economy has grown strongly in recent months, driven by developments in construction, commercial services, public services, and trade. Educational attainment is an important determinant of finding employment in Latvia. In particular, younger VET graduates are relatively well placed in the labour market when compared with their older counterparts.

Over the period to 2025, employment is projected to increase, but to remain below its pre-2008 financial crisis levels. Most employment growth will be in business and other services, and most job opportunities will be for professionals.

Latvia is expected to experience an increase in demand for high-skilled workers in the period to 2025, whilst demand for medium- and low-skilled workers will significantly decrease. The share of Latvia’s labour force with high- and low level qualifications is projected to grow during this time, with the share of the labour force with medium level qualifications falling in turn.

Latvia’s working-age population (15-64) is projected to significantly decrease in the period to 2025, with labour market participation rising. Looking to the longer-term future, Latvia is expected to have an old-age dependency ratio slightly above the EU28 average until 2060, after which it is forecast to decline. 

Future employment growth (in %) in Latvia in 2015-2025 across sectors

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Key facts

SIZE OF EMPLOYMENT

Source:Eurostat
Indicator:Employment rate

The employment rate indicates the percentage of people in employment over the population aged 20-64.

 

In 2015 the employment rate in Latvia was 72.52% compared to 70.00% in EU

RECENT HISTORY

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

During the period 2011-2015 the size of employment in EU changed by 2.07% compared to 4.0% in Latvia .

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Sectors with the largest share in employment in Latvia in 2015 

  • Wholesale & retail trade 14.38%
  • Manufacturing 12.98%
  • Transport & storage 9.52% 
  • Education 9.31%
  • Construction 8.02% 

TOP PERFORMERS

Source:Eurostat
Indicator:Employed population by sector

It shows the total number of employed population, of any age, broken down by sector.

Occupations with the largest share in employment in Latvia in 2015:  

  • Business & administration assoc. prof. 8.25%
  • Drivers & mobile plant operators 7.07%
  • Sales workers 6.36% 
  • Labourers (mining, construction, manufacturing, transport) 5.70%
  • Teaching professionals 4.82%

TOP PERFORMERS

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

Sectors expected to have the strongest employment change over the period 2015-2025 in Latvia:

  • Real estate, professional & related activities 23.51%
  • Information & communication activities 19.62%
  • Construction 11.08% 
  • Administrative & support activities 10.40% 
  • Human health & social work activities 9.33% 

LOOKING INTO THE FUTURE

Source:Cedefop
Indicator:Future employment needs

The additional number of people who will be required to work in an occupation given projected changes in employment and replacement demands. 

Occupations expected to have the largest numbers of job openings in Latvia over the period 2015-2025:

  • Labourers (mining, construction, manufacturing, transport) 30,029
  • Business & administration professionals 28,833
  • Business & administration assoc. prof. 28,012
  • Personal service workers 22,232
  • Drivers & mobile plant operators 22,109

Featured indicator

Related indicators

Employment share of occupations (%) in Latvia (2011-2015 comparison)

Source:Eurostat
Indicator:Employed population

Shows the total number of employed people of any age.

 

Education profile (%) of the working age population in Latvia (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Age profile (%) of the working age population in Latvia (2011-2015 comparison)

Source:Eurostat
Indicator:Working-age population

Measures the total number of people of working age (i.e. 15-64).

 

Future employment growth (% change) across occupations in Latvia compared to EU in 2015-2025

Source:Cedefop
Indicator:Future employment growth

Projected changes in employment to 2025 (this indicator contains overall percentage change).

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