Economy Profile Working Age Population (Millions) 1 / 2 Latvia 1.4 Trend outlook Global trends and their impact on job creation Technologies and their impact on job creation Trends most most likely to drive industry transformation and their expected impact job creation, ordered by net Technologies most most likely to drive industry transformation and their expected impact job creation, ordered effect (share of organizations surveyed) by net effect (share of organizations surveyed) Job creator Job displacer Net effect Global net effect Job creator Job displacer Net effect Global net effect Investments to facilitate the green transition of your business Big-data analytics -100% +100% -100% +100% 47% 67% Broader application of Environmental, Social and Governance (ESG) standards E-commerce and digital trade -100% +100% -100% +100% 33% 32% Climate-change induced investments into adapting operations Cloud computing -100% +100% -100% +100% 21% 27% Broadening digital access Encryption and cybersecurity -100% +100% -100% +100% 5% 26% Increased adoption of new and frontier technologies Digital platforms and apps -100% +100% -100% +100% 5% 25% Ageing populations in advanced and emerging economies Climate-change mitigation technology (Alternative Energy, Greenhouse gases … -100% +100% -100% +100% 3% 24% Consumers becoming more vocal on social issues Education and workforce development technologies -100% +100% -100% +100% -6% 23% Rising cost of living for consumers Artificial intelligence (e.g. machine learning, neural networks) -100% +100% -100% +100% -32% -8% Role outlook Contextual indicators Churn in five years INDICATORS 0% 100% 22% Five-year structural labour-force churn (percent) Global 23% Labour force participation 64% Key roles for business transformation Roles most selected by organizations surveyed (as either growing, stable or declining), ordered by net role Vulnerable employment 7% growth, and their net growth and structural churn (percent) Share of youth not in employment, education, or NET GROWTH ECONOMY GLOBAL 9% ROLES -50% 0 50% CHURN CHURN training (NEET) Unemployment rate 7% 36% 34% Data Analysts and Scientists Unemployment rate among workers with basic 13% edu. 23% 19% Software and Applications Developers Unemployment rate among workers with 5% advanced edu. 18% 35% Business Intelligence Analysts Secondary Education Attainment 91% 17% 25% Project Managers Tertiary Education Attainment 34% 2% 12% Human Resources Specialists Ease of finding skilled employees in local labour market 3.74 1=Companies cannot easily find skilled employees, 7=Companies can easily find skilled employees Business Services and Administration 9% 22% Fill vacancies by hiring foreign labour Managers 3.55 1=Companies cannot fill vacancies by hiring foreign labour, 7=Companies can fill vacancies by hiring foreign Client Information and Customer Service labour 10% 20% Workers Country investment in mid-career training 3.78 Accounting, Bookkeeping and Payroll 1=Government does not invest in mid-career training, 7=Government invests in mid-career training 18% 29% Clerks Workers' Rights Index 2 18% 19% Accountants and Auditors 5+=No guarantee of rights due to the breakdown of the rule of law, 1=Sporadic violations of rights Level of National Compliance with Labour Rights 47% 42% Data Entry Clerks 0 10=The worst possible score, lower levels of compliance, 0=The best possible score, higher levels of compliance