Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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53 February, 2021 Key Sources: https://www.ilo.org/ https://data.worldbank.org/ https://migrationdataportal.org/ https://www.un.org/development/desa/pd/ https://vivoclinic.com/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://eng.lsm.lv/article/society/latvians-abroad/many-uk-latvians-considering-return-home.a386906/ https://bnn-news.com/latvian-government-adds-corrections-to-covid-19-pandemic-school-plan-222139 http://data.csb.gov.lv/pxweb/en/ Latvia Total Workforce (000s) Dec '20 974 Unemployed Workers (000s) 82 Unemployment Rate 8.4% Youth Unemployment Rate 15.7% 386 984 277 10 116 114 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 456 454 447 441 442 6.6% 6.4% 8.4% 10.2% 9.0% 462 460 455 451 451 5.5% 5.5% 6.4% 6.9% 7.7% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 68.5% 68.0% 68.7% 69.2% 68.5% 56.0% 55.9% 56.0% 55.9% 56.5% 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 Male Participation Rate Female Participation Rate 12.7% of the population is foreign born. 380K Latvians have emigrated. The unemployment gap between foreign born and native born populations was 0.6 percentage points in 2019. 68% of the population live in urban areas. A recent survey of Latvians in the UK suggest that 10% are considering returning to Latvia. Approximately 120K Latvians live in the UK. More than 1,600 Covid-19 deaths. All non-essential travel to Latvia is banned. A negative Covid-19 test and potential quarantine is required for arrivals. Most non-essential shops are closed. Younger students returned to school at the end of February. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands

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