Account, out of labor force in Latvia

Latvia: Account, out of labor force was 92.1% in 2024. β–² Rising

Latest (2024)
92.1%
Change on year
down 1.5%
World rank
23rd
of 98 countries
All-time high
93.5%
in 2021
All-time low
78.4%
in 2014
Years of data
5
2011–2024

Account, out of labor force in Latvia, 2011–2024

0204060801002011201720242011: 80.8 % age 15+2014: 78.4 % age 15+2017: 85.8 % age 15+2021: 93.5 % age 15+2024: 92.1 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

In 2024, account, out of labor force in Latvia stood at 92.1%.

The figure is down 1.5% on the previous year and up 17.6% over ten years.

Over the whole period, account, out of labor force in Latvia peaked at 93.5% in 2021 and was at its lowest, 78.4%, in 2014.

That places Latvia 23rd out of 98 countries with data for 2024, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 81.6% 78.4% 85.8% 3
2020s 92.8% 92.1% 93.5% 2

Countries ranked near Latvia

  1. 20 United States of America 94.3% compare
  2. 21 Malta 92.6% compare
  3. 22 Chinese Taipei 92.5% compare
  4. 24 Cyprus 91.8% compare
  5. 25 Iran (Islamic Republic of) 88.2% compare
  6. 26 Thailand 87.9% compare

See the full ranking of 110 places β†’

More reference data data for Latvia

All data for Latvia β†’

Frequently asked questions

What is account, out of labor force in Latvia?
Account, out of labor force in Latvia was 92.1% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Latvia?
The highest recorded value was 93.5% in 2021.
What is the lowest account, out of labor force recorded in Latvia?
The lowest recorded value was 78.4% in 2014.
How does Latvia rank for account, out of labor force?
Latvia ranks 23rd out of 98 countries with data for 2024.
Is account, out of labor force rising or falling in Latvia?
Over the last ten years it is up 17.6%. The long-run trend across the full record is rising.
Where does this Latvia data come from?
The figures come from Global Findex database, published as part of Account, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, out of labor force in Latvia. Statizoid, drawing on Global Findex database. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/account-out-of-labor-force-percent-age-15/latvia/

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About this data

Indicator
Account, out of labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), out of labor force (% age 15+)