Latvia scores 47 out of 100 on Bullrun's six-pillar economic stress index, which places it in the "Elevated" band. The score draws on 9 of the 9 indicators held here, covering 5 of 6 pillars. The freshest reading is from 2026-08; the oldest that feeds the score is from 2025.
Economic stress score
Composite stress47 / 100Elevated
Pillars covered5 / 6
Indicators scored9 / 9
Pillar
Stress
Band
Indicators scored
Labour
42 / 100
Watch
3 / 3
Housing
50 / 100
Elevated
1 / 1
Credit
n/a
n/a
0 / 0
Fiscal
72 / 100
Stretched
2 / 2
External
49 / 100
Elevated
1 / 1
Cycle
21 / 100
Calm
2 / 2
Higher is more stressed. A pillar holding readings but scoring none - every one stale - shows "n/a" rather than zero.
Labour
Indicator
Latest
Period
Source
Stress
How it is scored
Unemployment rate
7.3%
2026-07
OECD
48
Scored on a fixed cross-country scale
Unemployment momentum
0.37pp
2026-07
OECD
46
Sahm gap: 3-month average against its own 12-month low
Youth unemployment (15-24)
15.4%
2026-07
OECD
31
Scored on a fixed cross-country scale
Housing
Indicator
Latest
Period
Source
Stress
How it is scored
Real house prices, YoY
7.77%
2026-Q1
BIS
50
Scored on a fixed cross-country scale
Fiscal
Indicator
Latest
Period
Source
Stress
How it is scored
Government debt (% of GDP)
46.9%
2025
IMF
93
Scored against its own last 20 years
Fiscal balance (% of GDP)
-4%
2025
IMF
50
Scored on a fixed cross-country scale
External
Indicator
Latest
Period
Source
Stress
How it is scored
Current account (% of GDP)
-3.4%
2025
IMF
49
Scored on a fixed cross-country scale
Cycle
Indicator
Latest
Period
Source
Stress
How it is scored
Real GDP growth
2.97%
2026-Q2
OECD
15
Scored on a fixed cross-country scale
Consumer inflation
3.16%
2026-08
OECD
27
Scored on a fixed cross-country scale
How this score is built
Each indicator is turned into a 0-100 stress reading, either on a fixed cross-country scale or - where a raw level means different things in different economies - as a percentile against that country's own twenty-year history. Readings average into six pillars, and the pillars into the composite.
Three rules keep a thinly-covered country from looking calm: a country covering fewer than 4 of 6 pillars is refused a composite rather than given a low one; coverage is printed on the face of the score rather than hidden in a footnote; and a stale reading stays visible with its date, marked not scored, instead of being dropped.
Indicators come from OECD, BIS, IMF and World Bank releases at their published frequencies, so the periods above genuinely differ from row to row - a monthly unemployment print and an annual current-account balance can be more than a year apart. See the data license.