Productivity: output per hour worked in Latvia

Latvia: Productivity: output per hour worked was 43.99 international-$ in 2021 prices per hour in 2023. ▲ Rising

Latest (2023)
43.99 international-$ in 2021 prices per hour
Change on year
up 2.3%
World rank
41st
of 130 countries
All-time high
43.99 international-$ in 2021 prices per hour
in 2023
All-time low
14.98 international-$ in 2021 prices per hour
in 1996
Years of data
29
1995–2023

Productivity: output per hour worked in Latvia, 1995–2023

102030401995200920231995: 15 international-$ in 2021 prices per hour1996: 15 international-$ in 2021 prices per hour1997: 15.1 international-$ in 2021 prices per hour1998: 16.2 international-$ in 2021 prices per hour1999: 17.3 international-$ in 2021 prices per hour2000: 18.7 international-$ in 2021 prices per hour2001: 19.5 international-$ in 2021 prices per hour2002: 20.5 international-$ in 2021 prices per hour2003: 20.5 international-$ in 2021 prices per hour2004: 21.5 international-$ in 2021 prices per hour2005: 22.7 international-$ in 2021 prices per hour2006: 23.3 international-$ in 2021 prices per hour2007: 24.7 international-$ in 2021 prices per hour2008: 26.2 international-$ in 2021 prices per hour2009: 28.1 international-$ in 2021 prices per hour2010: 30.9 international-$ in 2021 prices per hour2011: 32.1 international-$ in 2021 prices per hour2012: 33.9 international-$ in 2021 prices per hour2013: 32.8 international-$ in 2021 prices per hour2014: 34.4 international-$ in 2021 prices per hour2015: 35.8 international-$ in 2021 prices per hour2016: 36.7 international-$ in 2021 prices per hour2017: 39 international-$ in 2021 prices per hour2018: 38.7 international-$ in 2021 prices per hour2019: 40.1 international-$ in 2021 prices per hour2020: 42 international-$ in 2021 prices per hour2021: 43.5 international-$ in 2021 prices per hour2022: 43 international-$ in 2021 prices per hour2023: 44 international-$ in 2021 prices per hour

Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices per hour.

Analysis

In 2023, productivity: output per hour worked in Latvia stood at 43.99 international-$ in 2021 prices per hour. That is the highest value across all 29 years on record.

The figure is up 2.3% on the previous year and up 34.1% over ten years.

Over the whole period, productivity: output per hour worked in Latvia peaked at 43.99 international-$ in 2021 prices per hour in 2023 and was at its lowest, 14.98 international-$ in 2021 prices per hour, in 1996.

That places Latvia 41st out of 130 countries with data for 2023, putting it in the middle of the range.

The long-run direction has been consistently rising across the 29 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 15.72 international-$ in 2021 prices per hour 14.98 international-$ in 2021 prices per hour 17.32 international-$ in 2021 prices per hour 5
2000s 22.57 international-$ in 2021 prices per hour 18.66 international-$ in 2021 prices per hour 28.06 international-$ in 2021 prices per hour 10
2010s 35.44 international-$ in 2021 prices per hour 30.87 international-$ in 2021 prices per hour 40.05 international-$ in 2021 prices per hour 10
2020s 43.11 international-$ in 2021 prices per hour 41.96 international-$ in 2021 prices per hour 43.99 international-$ in 2021 prices per hour 4

Countries ranked near Latvia

  1. 38 Israel 46.18 international-$ in 2021 prices per hour compare
  2. 39 Estonia 46.15 international-$ in 2021 prices per hour compare
  3. 40 Trinidad and Tobago 45.94 international-$ in 2021 prices per hour compare
  4. 42 Slovakia 43.99 international-$ in 2021 prices per hour compare
  5. 43 Cyprus 43.85 international-$ in 2021 prices per hour compare
  6. 44 Portugal 42.76 international-$ in 2021 prices per hour compare

See the full ranking of 130 places →

More work & labour data for Latvia

All data for Latvia →

Frequently asked questions

What is productivity: output per hour worked in Latvia?
Productivity: output per hour worked in Latvia was 43.99 international-$ in 2021 prices per hour in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
What is the highest productivity: output per hour worked recorded in Latvia?
The highest recorded value was 43.99 international-$ in 2021 prices per hour in 2023.
What is the lowest productivity: output per hour worked recorded in Latvia?
The lowest recorded value was 14.98 international-$ in 2021 prices per hour in 1996.
How does Latvia rank for productivity: output per hour worked?
Latvia ranks 41st out of 130 countries with data for 2023.
Is productivity: output per hour worked rising or falling in Latvia?
Over the last ten years it is up 34.1%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Productivity: output per hour worked. Statizoid updates them automatically from the source API.

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About this data

Indicator
Productivity: output per hour worked
Unit
international-$ in 2021 prices per hour
Source
Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
130 places, 4,965 data points, 1950–2023
Last refreshed

Productivity is calculated as GDP divided by the total number of hours worked in the economy. This data is adjusted for inflation and differences in living costs between countries.