Table of contents

Summary

In the medium term it is anticipated that there will be supply shortages in the segment of workers with medium and higher level vocational education.

Key facts:

  • The employment rate in Latvia was 69.7%1 in 2013 – lower than both the national 2020 target of 73% and the EU–28 2020 target of 75%.
  • According to the national forecasts, around 50,000 more jobs will be created in Latvia until 2020 and a total of 75,000 until 2030, mostly in commercial services, trade and manufacturing sectors.
  • It is anticipated that demand for labour will increase in occupations requiring high level qualifications, such as senior professionals and managers – and for skilled workers and craftsmen with medium level qualifications both in the medium and longer term (i.e. by 2020 and 2030).
  • In the medium term it is anticipated that there will be supply shortages in the segment of workers with medium and higher level vocational education and an oversupply of specialists who have higher education in humanities and social sciences.
  • In the longer term an oversupply of plant and machine operators, senior specialists in legal, social, cultural and education areas as well as commercial and management specialists is expected. At the same time labour shortages are anticipated among senior specialists in science and engineering, information and communication technologies as well as skilled agricultural, forestry and fishery workers.

The full text of the Analytical highlight can be downloaded from the link below:

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