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Wednesday 17.10.2018 | Name days: Karīna, Gaits
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Barometer: residents with higher education are more optimistic job-seekers

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU53% of interviewed residents believe the possibility of finding a decent job and making a good earning in Latvia is poor, and this worsens their financial situation. Because of that, residents leave the country in search of greener pastures, according to results of Baltic International Bank’s latest Latvian Barometer.

It is worth mentioning, however, that residents with higher education are more optimistic in this matter than residents who lack higher education, as concluded in the survey.

When asked to score their family’s financial state, residents with higher education were more optimistic in their replies – 26% said their family’s state is good. Residents with secondary education, on the other hand, are more negative – 27% said their family’s financials state is poor. Only 14% of respondents with higher education said their family’s financial state is poor, according to results of the study.

When asked to assess the current state of Latvia’s labour market, the majority of respondents said the possibility of finding work is poor. 63% of respondents with primary education and almost as many respondents with secondary or vocational education stated as much. Residents who have higher education are more optimistic, but even in this category 36% of respondents voiced a critical opinion.

When asked about Latvia’s economic situation in general, 50% of respondents said it remains unchanged, whereas 27% said it becomes worse with each passing year. Only 17% of respondents said they are confident about improvement of Latvia’s economic situation, as stated in the study’s results.

When asked how the state of Latvia’s economy could change in the next twelve months, 45% of respondents said they do not expect it to change at all. Residents with higher education turned out the most optimistic in this situation as well – they are certain the state of Latvia’s economy will have improved in the next twelve months.

This means Latvian residents are sceptical about the country’s chosen development direction – only 26% of respondents believe the country is headed in the right direction. 55% of respondents are negative about Latvia’s development, which is demonstrated by a great deal of distrust towards the government and state administration.


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