Latvia Real GDP Growth

1996 - 2020 | Quarterly | % | CEIC Data

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The Gross Domestic Product (GDP) in Latvia contracted 9.6 % YoY in Jun 2020, following a negative growth of 1.5 % in the previous quarter. Real GDP Growth YoY data in Latvia is updated quarterly, available from Mar 1996 to Jun 2020, with an average rate of 3.9 %. The data reached an all-time high of 15.2 % in Mar 2007 and a record low of -15.7 % in Sep 2009. CEIC calculates Real GDP Growth from quarterly Real GDP. The Central Statistical Bureau of Latvia provides Real GDP in EUR, at chain linked 2015 prices.

In the latest reports, Nominal GDP of Latvia reached 8.3 USD bn in Mar 2020. Its GDP deflator (implicit price deflator) increased 1.3 % in Mar 2020. GDP Per Capita in Latvia reached 17,831.0 USD in Dec 2019. Its Gross Savings Rate was measured at 19.8 % in Mar 2020.

What was Latvia's Real GDP Growth in Jun 2020?

Last Previous Min Max Unit Frequency Range

-9.6

% Jun 2020 quarterly Mar 1996 - Jun 2020

-1.5

% Mar 2020 quarterly Mar 1996 - Jun 2020

-15.7

Sep 2009

15.2

Mar 2007

%

quarterly

Mar 1996 - Jun 2020

Updated on 31 Jul 2020

Real GDP Growth by Country Comparison

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All Countries/Regions
Asia and Oceania
Europe and Central Asia
Middle East and Africa
North and South America
Country/Region Last Frequency Range
Albania (%)

-0.6

Mar 2020

quarterly

Mar 2010 - Mar 2020

Algeria (%)

0.8

2019

yearly

2000 - 2019

Argentina (%)

-0.5

Dec 2019

quarterly

Mar 2005 - Dec 2019

Armenia (%)

3.8

Mar 2020

quarterly

Mar 2001 - Mar 2020

Australia (%)

1.4

Mar 2020

quarterly

Sep 1960 - Mar 2020

Austria (%)

-2.6

Mar 2020

quarterly

Mar 1989 - Mar 2020

Azerbaijan (%)

-0.5

Dec 2019

quarterly

Mar 2001 - Dec 2019

Bahrain (%)

-1.1

Mar 2020

quarterly

Mar 2009 - Mar 2020

Belarus (%)

-0.2

Mar 2020

quarterly

Mar 2006 - Mar 2020

Belgium (%)

-14.5

Jun 2020

quarterly

Mar 1996 - Jun 2020

Bolivia (%)

1.1

Dec 2019

quarterly

Mar 1991 - Dec 2019

Bosnia and Herzegovina (%)

2.0

Mar 2020

quarterly

Mar 2009 - Mar 2020

Botswana (%)

2.6

Mar 2020

quarterly

Mar 1995 - Mar 2020

Brazil (%)

1.7

Dec 2019

quarterly

Mar 1997 - Dec 2019

Brunei (%)

2.4

Mar 2020

quarterly

Mar 2005 - Mar 2020

Bulgaria (%)

2.4

Mar 2020

quarterly

Mar 1996 - Mar 2020

Cambodia (%)

7.1

2019

yearly

1994 - 2019

Canada (%)

-0.9

Mar 2020

quarterly

Mar 1962 - Mar 2020

Chile (%)

0.5

Mar 2020

quarterly

Mar 1987 - Mar 2020

China (%)

3.2

Jun 2020

quarterly

Mar 1992 - Jun 2020

Colombia (%)

0.4

Mar 2020

quarterly

Mar 2001 - Mar 2020

Croatia (%)

0.4

Mar 2020

quarterly

Mar 1996 - Mar 2020

Cyprus (%)

0.8

Mar 2020

quarterly

Mar 1996 - Mar 2020

Czech Republic (%)

-2.0

Mar 2020

quarterly

Mar 1997 - Mar 2020

Denmark (%)

-0.2

Mar 2020

quarterly

Mar 1992 - Mar 2020

Ecuador (%)

-2.4

Mar 2020

quarterly

Mar 1994 - Mar 2020

Egypt (%)

5.0

Mar 2020

quarterly

Sep 2002 - Mar 2020

Estonia (%)

4.0

Dec 2019

quarterly

Mar 1996 - Dec 2019

European Union (%)

-14.4

Jun 2020

quarterly

Mar 1996 - Jun 2020

Finland (%)

-4.4

Mar 2020

quarterly

Mar 1976 - Mar 2020

France (%)

-19.0

Jun 2020

quarterly

Mar 1950 - Jun 2020

Georgia (%)

2.2

Mar 2020

quarterly

Mar 1998 - Mar 2020

Germany (%)

-2.3

Mar 2020

quarterly

Mar 1992 - Mar 2020

Greece (%)

-0.9

Mar 2020

quarterly

Mar 1996 - Mar 2020

Hong Kong SAR, China (%)

-8.9

Mar 2020

quarterly

Mar 1991 - Mar 2020

Hungary (%)

2.0

Mar 2020

quarterly

Mar 1996 - Mar 2020

Iceland (%)

-0.4

Mar 2020

quarterly

Mar 1996 - Mar 2020

India (%)

3.1

Mar 2020

quarterly

Jun 2005 - Mar 2020

Indonesia (%)

-5.3

Jun 2020

quarterly

Mar 1994 - Jun 2020

Iran (%)

-12.1

Mar 2019

quarterly

Jun 1989 - Mar 2019

Ireland (%)

4.5

Mar 2020

quarterly

Mar 1996 - Mar 2020

Israel (%)

0.7

Mar 2020

quarterly

Mar 1996 - Mar 2020

Italy (%)

-17.3

Jun 2020

quarterly

Mar 1982 - Jun 2020

Ivory Coast (%)

7.4

2018

yearly

1966 - 2018

Japan (%)

-1.9

Mar 2020

quarterly

Mar 1956 - Mar 2020

Jordan (%)

1.3

Mar 2020

quarterly

Mar 1993 - Mar 2020

Kazakhstan (%)

4.9

Dec 2019

quarterly

Mar 2006 - Dec 2019

Kenya (%)

5.1

Mar 2020

quarterly

Mar 2010 - Mar 2020

South Korea (%)

-3.0

Jun 2020

quarterly

Mar 1961 - Jun 2020

Kosovo (%)

1.3

Mar 2020

quarterly

Mar 2011 - Mar 2020

Kuwait (%)

0.4

2019

yearly

1971 - 2019

Kyrgyzstan (%)

4.5

Dec 2019

quarterly

Mar 2007 - Dec 2019

Laos (%)

6.2

2018

yearly

2003 - 2018

Latvia (%)

-9.6

Jun 2020

quarterly

Mar 1996 - Jun 2020

Lebanon (%)

-1.9

2018

yearly

2005 - 2018

Lithuania (%)

-3.7

Jun 2020

quarterly

Jun 1995 - Jun 2020

Luxembourg (%)

-0.2

Mar 2020

quarterly

Mar 1996 - Mar 2020

Macau SAR, China (%)

-48.7

Mar 2020

quarterly

Mar 2002 - Mar 2020

North Macedonia (%)

0.2

Mar 2020

quarterly

Mar 2001 - Mar 2020

Malawi (%)

4.0

2018

yearly

2003 - 2018

Malaysia (%)

3.6

Dec 2019

quarterly

Mar 2001 - Dec 2019

Malta (%)

0.5

Mar 2020

quarterly

Mar 2001 - Mar 2020

Mauritius (%)

-2.0

Mar 2020

quarterly

Mar 2001 - Mar 2020

Mexico (%)

-18.9

Jun 2020

quarterly

Mar 1981 - Jun 2020

Moldova (%)

0.9

Mar 2020

quarterly

Mar 1996 - Mar 2020

Mongolia (%)

-10.7

Mar 2020

quarterly

Mar 2011 - Mar 2020

Montenegro (%)

2.7

Mar 2020

quarterly

Mar 2011 - Mar 2020

Morocco (%)

0.1

Mar 2020

quarterly

Mar 2008 - Mar 2020

Myanmar (%)

6.8

2018

yearly

2012 - 2018

Nepal (%)

2.3

2020

yearly

1961 - 2020

Netherlands (%)

-0.4

Mar 2020

quarterly

Mar 1997 - Mar 2020

New Zealand (%)

-0.2

Mar 2020

quarterly

Jun 1983 - Mar 2020

Nigeria (%)

1.9

Mar 2020

quarterly

Mar 2011 - Mar 2020

Norway (%)

1.8

Dec 2019

quarterly

Mar 1979 - Dec 2019

Oman (%)

-0.8

2019

yearly

1999 - 2019

Pakistan (%)

3.3

2019

yearly

2001 - 2019

Panama (%)

3.3

Dec 2019

quarterly

Mar 2008 - Dec 2019

Paraguay (%)

3.5

Mar 2020

quarterly

Mar 1995 - Mar 2020

Peru (%)

-3.4

Mar 2020

quarterly

Mar 1981 - Mar 2020

Philippines (%)

-0.1

Mar 2020

quarterly

Mar 1999 - Mar 2020

Poland (%)

1.7

Mar 2020

quarterly

Mar 1996 - Mar 2020

Portugal (%)

1.8

Jun 2019

quarterly

Mar 1996 - Jun 2019

Qatar (%)

0.9

Mar 2020

quarterly

Mar 2012 - Mar 2020

Romania (%)

2.7

Mar 2020

quarterly

Mar 1996 - Mar 2020

Russia (%)

1.6

Dec 2019

quarterly

Mar 1996 - Dec 2019

Saudi Arabia (%)

-1.0

Mar 2020

quarterly

Mar 2011 - Mar 2020

Serbia (%)

4.5

Sep 2019

quarterly

Mar 1997 - Sep 2019

Singapore (%)

-0.7

Mar 2020

quarterly

Mar 1976 - Mar 2020

Slovakia (%)

-3.8

Mar 2020

quarterly

Mar 1994 - Mar 2020

Slovenia (%)

-3.4

Mar 2020

quarterly

Mar 1996 - Mar 2020

South Africa (%)

-0.3

Mar 2020

quarterly

Mar 1961 - Mar 2020

Spain (%)

-22.1

Jun 2020

quarterly

Mar 1996 - Jun 2020

Sri Lanka (%)

-1.6

Mar 2020

quarterly

Mar 2011 - Mar 2020

Sudan (%)

5.6

2018

yearly

1983 - 2018

Sweden (%)

-8.2

Jun 2020

quarterly

Mar 1982 - Jun 2020

Switzerland (%)

-1.5

Mar 2020

quarterly

Mar 1966 - Mar 2020

Syria (%)

-1.5

2017

yearly

1961 - 2017

Taiwan (%)

1.9

Mar 2020

quarterly

Mar 1983 - Mar 2020

Tajikistan (%)

7.2

Sep 2019

quarterly

Mar 2000 - Sep 2019

Thailand (%)

-1.8

Mar 2020

quarterly

Mar 1994 - Mar 2020

Tunisia (%)

-1.5

Mar 2020

quarterly

Mar 2001 - Mar 2020

Turkey (%)

4.5

Mar 2020

quarterly

Mar 1999 - Mar 2020

Ukraine (%)

1.5

Dec 2019

quarterly

Mar 2002 - Dec 2019

United Arab Emirates (%)

1.7

2019

yearly

2002 - 2019

United Kingdom (%)

-1.6

Mar 2020

quarterly

Mar 1956 - Mar 2020

United States (%)

-9.5

Jun 2020

quarterly

Mar 1948 - Jun 2020

Uruguay (%)

-1.4

Mar 2020

quarterly

Mar 1998 - Mar 2020

Venezuela (%)

-26.8

Mar 2019

quarterly

Mar 1998 - Mar 2019

Vietnam (%)

7.0

2019

yearly

2005 - 2019

Yemen (%)

-10.0

2017

yearly

1991 - 2017

Latvia Key Series

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All Indicators
National Accounts
Production
Sales, Orders, Inventory & Shipments
Construction and Properties
Government and Public Finance
Demographic and Labour Market
Domestic Trade and Household Survey
Inflation
Foreign Trade
Balance of Payments
Monetary
Banking Statistics
Interest and Foreign Exchange Rates
Energy
Tourism
Business and Economic Survey
Financial Market
Transport and Telecommunications
National Accounts Last Frequency Range
Nominal GDP (USD mn)

8,291.6

Mar 2020

quarterly

Mar 1995 - Mar 2020

Real GDP Growth (%)

-9.6

Jun 2020

quarterly

Mar 1996 - Jun 2020

Nominal GDP Growth (%)

-0.188

Mar 2020

quarterly

Mar 1996 - Mar 2020

GDP per Capita (USD)

17,830.994

2019

yearly

1995 - 2019

GDP Deflator Growth (%)

1.3

Mar 2020

quarterly

Mar 1996 - Mar 2020

Private Consumption Expenditure (USD mn)

4,527.419

Mar 2020

quarterly

Mar 1995 - Mar 2020

Private Consumption: % of GDP (%)

60.9

Mar 2020

quarterly

Mar 1995 - Mar 2020

Public Consumption Expenditure (USD mn)

1,438.732

Mar 2020

quarterly

Mar 1995 - Mar 2020

Public Consumption: % of GDP (%)

19.3

Mar 2020

quarterly

Mar 1992 - Mar 2020

Investment: % of GDP (%)

18.0

Mar 2020

quarterly

Mar 1992 - Mar 2020

Gross Fixed Capital Formation (USD mn)

1,518.381

Mar 2020

quarterly

Mar 1995 - Mar 2020

Gross National Product (USD mn)

33,643.155

2019

yearly

1995 - 2019

Gross Savings Rate (%)

19.8

Mar 2020

quarterly

Mar 1995 - Mar 2020

Forecast: GDP PPP Per Capita (PPP Intl $)

40,521.442

2024

yearly

1992 - 2024

Forecast: Nominal GDP Per Capita (USD)

24,321.460

2024

yearly

1992 - 2024

Forecast: Real GDP Growth (%)

8.285

2021

yearly

1993 - 2021

GDP: Goods and Services: Imports (EUR th)

4,308,804.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: swda (EUR th)

7,525,639.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP (EUR th)

6,750,918.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Final Consumption Expenditure: Household & NPISHs (EUR th)

4,109,198.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Final Consumption Expenditure: General Government (EUR th)

1,305,829.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Gross Capital Formation (EUR th)

1,217,061.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Gross Capital Formation: Gross Fixed Capital Formation (EUR th)

1,378,120.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Gross Capital Formation: Changes in Inventories and Acquisition Less of Val... (EUR th)

-161,059.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Goods and Services: Exports (EUR th)

4,427,634.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Professional, Scientific, Technical, Administrative, Support S... (EUR th)

562,406.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Manufacturing (EUR th)

720,440.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Taxes on Products (EUR th)

850,619.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Art, Entertainment and Recreation (EUR th)

118,241.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Information and Communication (EUR th)

343,622.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Education (EUR th)

300,475.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Real Estate (EUR th)

852,825.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Public Administration, Defence and Compulsory Social Security (EUR th)

481,957.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Industry excl Manufacturing (EUR th)

255,472.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Financial and Insurance (EUR th)

191,918.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Gross Value Added (GVA) (EUR th)

5,916,389.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: Subsidies on Products (EUR th)

16,090.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Human Health and Social Work (EUR th)

247,439.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Agriculture, Forestry and Fishing (EUR th)

194,966.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Construction (EUR th)

306,103.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Wholesale, Retail Trade, Motor and Motorcycles Repair (EUR th)

789,635.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Transportation and Storage (EUR th)

451,775.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

GDP: GVA: NACE 2: Accommodation and Food Service (EUR th)

99,115.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

NFC: FL: Stock: Debt Securities (EUR mn)

326.000

Mar 2020

quarterly

Mar 2004 - Mar 2020

NFC: FL: Stock: Loans (EUR mn)

16,440.000

Dec 2019

quarterly

Mar 2004 - Dec 2019

Production Last Frequency Range
Industrial Production Index Growth (%)

-6.5

May 2020

monthly

Jan 2001 - May 2020

Minerals Production (Metric Ton)

320,080.000

2018

yearly

2009 - 2018

Industrial Production: Manufacturing (EUR th)

1,827,933.900

Jun 2020

quarterly

Mar 2008 - Jun 2020

Industrial Production: Mfg: Food Products (FP) (EUR th)

361,593.900

Jun 2020

quarterly

Mar 2008 - Jun 2020

Industrial Production: Mfg: Wood and Wood and Cork Product excl Furniture (WC) (EUR th)

492,385.300

Jun 2020

quarterly

Mar 2008 - Jun 2020

Industrial Production: Mfg: Fabricated Metal Products excl Machinery and Equipme... (EUR th)

159,470.300

Mar 2020

quarterly

Mar 2008 - Mar 2020

Industrial Production: Mfg: Electrical Equipment (EUR th)

77,815.100

Mar 2020

quarterly

Mar 2008 - Mar 2020

Capacity Utilization Rate: Manufacturing (%)

74.000

Dec 2019

quarterly

Dec 2003 - Dec 2019

Capacity Utilization Rate: Manufacturing (Mfg) (%)

72.000

Jul 2020

quarterly

Jan 2004 - Jul 2020

Electricity Consumption (GWh)

552.000

May 2020

monthly

Jan 2006 - May 2020

Sales, Orders, Inventory & Shipments Last Frequency Range
New Orders Growth (%)

-5.7

Dec 2012

monthly

Jan 2006 - Dec 2012

Construction and Properties Last Frequency Range
Building Permits (Unit)

1,004.000

Mar 2020

quarterly

Mar 2003 - Mar 2020

House Prices Growth (%)

9.1

Mar 2020

quarterly

Mar 2007 - Mar 2020

Nominal Residential Property Price Index (2010=100)

180.930

Dec 2019

quarterly

Mar 2006 - Dec 2019

Nominal Residential Property Price Index Growth (%)

9.360

Dec 2019

quarterly

Mar 2007 - Dec 2019

Real Residential Property Price Index (2010=100)

154.240

Dec 2019

quarterly

Mar 2006 - Dec 2019

Real Residential Property Price Index Growth (%)

6.990

Dec 2019

quarterly

Mar 2007 - Dec 2019

Number of Building Permits Granted: One Dwelling Buildings (Unit)

555.000

Dec 2019

quarterly

Mar 2003 - Dec 2019

Number of Building Permits Granted: Two & More Dwelling Buildings (Unit)

63.000

Dec 2019

quarterly

Mar 2003 - Dec 2019

New Residential Buildings Completed (sq m th)

116.300

Mar 2020

quarterly

Mar 2000 - Mar 2020

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%)

-0.2

2019

yearly

1995 - 2019

Consolidated Fiscal Balance (USD mn)

-0.224

Mar 2020

quarterly

Mar 1999 - Mar 2020

Tax Revenue (USD mn)

1,546.302

Mar 2020

quarterly

Mar 1999 - Mar 2020

Tax Revenue: % of GDP (%)

20.8

Mar 2020

quarterly

Mar 1999 - Mar 2020

National Government Debt (USD mn)

12,441.2

Mar 2020

quarterly

Mar 2000 - Mar 2020

Government Debt: % of GDP (%)

36.9

2019

yearly

1995 - 2019

Forecast: Government Expenditure (LVL bn)

13.659

2024

yearly

1998 - 2024

Forecast: Government Net Debt (LVL bn)

12.693

2024

yearly

1998 - 2024

Forecast: Government Revenue (LVL bn)

13.543

2024

yearly

1998 - 2024

General Govt Debt: % of GDP (%)

39.976

2017

yearly

2000 - 2017

General Govt Revenue: Taxes on Production and Imports: Value Added Type Taxes (EUR mn)

539.513

Mar 2020

quarterly

Mar 1999 - Mar 2020

General Govt Expenditure: Capital Transfers Payable (EUR mn)

0.000

Sep 2018

quarterly

Mar 1999 - Sep 2018

General Govt Debt (EUR mn)

11,291.962

Mar 2020

quarterly

Mar 2000 - Mar 2020

Demographic and Labour Market Last Frequency Range
Population (Person mn)

1.9

2019

yearly

1960 - 2019

Labour Force Participation Rate (%)

69.9

Mar 2020

quarterly

Mar 2002 - Mar 2020

Employed Persons (Person)

902,100.000

Mar 2020

quarterly

Mar 1995 - Mar 2020

Unemployment Rate (%)

7.40

Mar 2020

quarterly

Mar 2002 - Mar 2020

Monthly Earnings (USD)

1,229

Mar 2020

monthly

Jan 1997 - Mar 2020

Labour Productivity Growth (%)

-1.31

Mar 2020

quarterly

Mar 2003 - Mar 2020

Forecast: Population (Person mn)

1.909

2024

yearly

1992 - 2024

Forecast: Employment (Person mn)

0.925

2020

yearly

1992 - 2020

Forecast: Unemployment Rate (%)

6.300

2021

yearly

1992 - 2021

Population: Male (Person)

889,641.000

2017

yearly

1989 - 2017

Population: Female (Person)

1,044,738.000

2017

yearly

1989 - 2017

Population: Economically Active: Male (Person th)

488.100

Mar 2020

quarterly

Mar 2002 - Mar 2020

Population: Economically Active: Female (Person th)

486.200

Mar 2020

quarterly

Mar 2002 - Mar 2020

Population: Economically Active (Person th)

974.300

Mar 2020

quarterly

Mar 2002 - Mar 2020

Employment: NACE 2: Annual: Industry and Energy (Person th)

145.400

2017

yearly

2008 - 2017

Employment: NACE 2: Annual: Trade, Accommodation and Food Service Activities (Person th)

161.000

2017

yearly

2008 - 2017

Employment: NACE 2: Annual: Transportation, Storage, Information and Communicati... (Person th)

107.900

2017

yearly

2008 - 2017

Wages and Salaries: Gross (EUR)

1,113.000

Mar 2020

monthly

Jan 1997 - Mar 2020

Wages and Salaries: Net (EUR)

822.000

Mar 2020

monthly

Jan 1997 - Mar 2020

Wages and Salaries: Gross: Wholesale and Retail Trade, Repair of Motor Vehicles ... (EUR)

1,001.000

Mar 2020

monthly

Jan 2005 - Mar 2020

Wages and Salaries: Gross: Transportation and Storage (TS) (EUR)

1,071.000

Mar 2020

monthly

Jan 2005 - Mar 2020

Wages and Salaries: Gross: Manufacturing (Mfg) (EUR)

1,062.000

Mar 2020

monthly

Jan 2005 - Mar 2020

Hours Worked: Construction (Hour)

22,690,788.000

Dec 2018

quarterly

Mar 2005 - Dec 2018

Hours Worked: Manufacturing (Hour)

45,023,452.000

Mar 2020

quarterly

Mar 2005 - Mar 2020

Hours Worked (Hour)

336,967,325.000

Mar 2020

quarterly

Mar 2004 - Mar 2020

Domestic Trade and Household Survey Last Frequency Range
Retail Sales Growth (%)

4.4

Jun 2020

monthly

Jan 2001 - Jun 2020

Motor Vehicles Sales (Unit)

19,488

2019

yearly

2005 - 2019

Motor Vehicles Sales Growth (%)

0.8

2019

yearly

2006 - 2019

Motor Vehicle Sales: Commercial Cars (Unit)

2,514.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Motor Vehicle Sales: Passenger Cars (Unit)

16,974.000

Dec 2019

semiannually

Dec 2005 - Dec 2019

Consumer Confidence: Net Balance (% Point)

-18.1

Jul 2020

monthly

Jan 1993 - Jul 2020

Consumer Confidence Growth (% Point)

-14.0

Jul 2020

monthly

Jan 1994 - Jul 2020

Household Expenditure per Capita (USD)

4,419.510

2016

yearly

2002 - 2016

Household Income per Capita (USD)

7,732.038

2018

yearly

2004 - 2018

Household Disposable Income (HD): per Capita: Monthly Avg (EUR)

545.870

2018

yearly

2004 - 2018

Household Consumption Expenditure (HC): per Capita: Monthly Avg (EUR)

332.930

2016

yearly

2002 - 2016

Consumer Confidence Indicator (%)

-21.300

May 2020

monthly

Jan 1993 - May 2020

Inflation Last Frequency Range
Consumer Price Index CPI Growth (%)

-0.7

Jun 2020

monthly

Jan 1992 - Jun 2020

Core CPI Change (%)

0.118

Jun 2020

monthly

Jan 1997 - Jun 2020

CPI: Food and Non Alcoholic Beverage Change (%)

0.980

Jun 2020

monthly

Jan 1997 - Jun 2020

Producer Price Index Growth (%)

-2.8

Jun 2020

monthly

Dec 1994 - Jun 2020

Forecast: Consumer Price Index Growth (%)

3.023

2021

yearly

1993 - 2021

Consumer Price Index (CPI): Core: % Change of Same Mth PY (%)

0.100

May 2020

monthly

Jan 2005 - May 2020

Foreign Trade Last Frequency Range
Trade Balance (USD mn)

-130.1

May 2020

monthly

Jan 1995 - May 2020

Total Exports (USD mn)

988.3

May 2020

monthly

Jan 1995 - May 2020

Total Exports Growth (%)

-13.9

Apr 2020

monthly

Jan 1996 - Apr 2020

Aluminum: Exports (USD th)

24,855.720

2018

yearly

1995 - 2018

Forecast: Exports of Goods Growth (%)

2.176

2024

yearly

1993 - 2024

Exports: Medicament (USD th)

492,301.255

2018

yearly

1995 - 2018

Exports: Medicinal and Pharmaceutical Product (USD th)

28,799.656

2018

yearly

1995 - 2018

Total Imports (USD mn)

1,118.4

May 2020

monthly

Jan 1995 - May 2020

Total Imports Growth (%)

-27.4

Apr 2020

monthly

Jan 1996 - Apr 2020

Imports: Medicament (USD th)

608,709.140

2018

yearly

1995 - 2018

Imports: Medicinal and Pharmaceutical Product (USD th)

94,395.754

2018

yearly

1995 - 2018

Exports (EUR th)

906,123.732

May 2020

monthly

Jan 1995 - May 2020

Exports: Mineral Fuels, Mineral Oils, Bituminous Substances and Mineral Waxes (EUR th)

34,357.445

May 2020

monthly

Jan 2000 - May 2020

Exports: Wood and Articles of Wood and Wood Charcoal (EUR th)

175,758.224

May 2020

monthly

Jan 2000 - May 2020

Exports: Iron and Steel (EUR th)

34,773.629

Apr 2020

monthly

Jan 2000 - Apr 2020

Exports: Machinery and Mechanical Appliances (EUR th)

55,728.989

May 2020

monthly

Jan 2000 - May 2020

Exports: Electrical Machinery and Equipment (EUR th)

118,738.787

May 2020

monthly

Jan 2000 - May 2020

Exports: Estonia (EUR)

134,938,312.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Exports: Germany (EUR)

77,905,571.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Exports: Lithuania (EUR)

169,144,823.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Exports: Poland (EUR)

38,545,353.000

Apr 2020

monthly

Jan 2000 - Apr 2020

Exports: Russian Federation (EUR)

80,168,570.000

Apr 2020

monthly

Jan 2000 - Apr 2020

Imports (EUR th)

1,025,392.225

May 2020

monthly

Jan 1995 - May 2020

Imports: Mineral Fuels, Mineral Oils, Bituminous Substances and Mineral Waxes (EUR th)

78,229.260

May 2020

monthly

Jan 2000 - May 2020

Imports: Iron and Steel (EUR th)

37,803.593

May 2020

monthly

Jan 2000 - May 2020

Imports: Machinery and Mechanical Appliances (EUR th)

108,328.387

May 2020

monthly

Jan 2000 - May 2020

Imports: Electrical Machinery and Equipment (EUR th)

129,129.829

May 2020

monthly

Jan 2000 - May 2020

Imports: Vehicles Other Than Rolling Stock and Parts and Accessories (EUR th)

64,092.325

May 2020

monthly

Jan 2000 - May 2020

Imports: Estonia (EUR)

101,016,538.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Imports: Germany (EUR)

159,575,180.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Imports: Lithuania (EUR)

229,886,072.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Imports: Poland (EUR)

148,980,897.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Imports: Russian Federation (EUR)

74,360,664.000

Mar 2020

monthly

Jan 2000 - Mar 2020

Balance of Payments Last Frequency Range
Current Account Balance (USD mn)

84.0

May 2020

monthly

Jan 2000 - May 2020

Current Account Balance: % of GDP (%)

5.5

Mar 2020

quarterly

Mar 1995 - Mar 2020

Direct Investment Abroad (USD mn)

-19.6

May 2020

monthly

Jan 2000 - May 2020

Foreign Direct Investment (USD mn)

57.8

May 2020

monthly

Jan 2000 - May 2020

Foreign Direct Investment: % of GDP (%)

2.2

Mar 2020

quarterly

Mar 1995 - Mar 2020

Foreign Portfolio Investment (USD mn)

-573.056

Mar 2020

quarterly

Mar 2000 - Mar 2020

Foreign Portfolio Investment: Debt Securities (USD mn)

-571.957

Mar 2020

quarterly

Mar 2000 - Mar 2020

Foreign Portfolio Investment: Equity Securities (USD mn)

-1.099

Mar 2020

quarterly

Mar 2000 - Mar 2020

Foreign Portfolio Investment: % of GDP (%)

-7.643

Mar 2020

quarterly

Mar 2000 - Mar 2020

External Debt (USD mn)

38,147.9

Mar 2020

quarterly

Mar 2000 - Mar 2020

External Debt: % of GDP (%)

113.6

Mar 2020

quarterly

Mar 2000 - Mar 2020

External Debt: Short Term (USD mn)

16,099.2

Mar 2020

quarterly

Mar 2000 - Mar 2020

External Debt: Short Term: % of GDP (%)

47.1

2019

yearly

2000 - 2019

Total Debt: % of GDP (%)

329.617

Mar 2020

quarterly

Mar 2004 - Mar 2020

Forecast: Current Account Balance (USD bn)

-1.566

2024

yearly

1992 - 2024

Net International Investment Position (USD mn)

-14,944.500

Mar 2020

quarterly

Mar 1996 - Mar 2020

BoP: Current Account: Primary Income (PI) (EUR mn)

27.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: PI: Debit (EUR mn)

85.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Services: Debit (EUR mn)

171.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Services (EUR mn)

149.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Services: Credit (EUR mn)

320.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Goods: Debit (EUR mn)

1,023.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: PI: Credit (EUR mn)

111.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Goods (EUR mn)

-111.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Direct Investment: Liabilities (EUR mn)

53.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Capital Account (EUR mn)

0.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Capital Account: Debit (EUR mn)

0.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Capital Account: Credit (EUR mn)

0.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Direct Investment: Assets (EUR mn)

-18.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Secondary Income: Debit (EUR mn)

64.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Direct Investment (EUR mn)

-71.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account (EUR mn)

61.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Secondary Income: Credit (EUR mn)

76.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Secondary Income (EUR mn)

12.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Financial Derivatives: Assets (EUR mn)

-9.000

May 2020

monthly

Jan 2000 - May 2020

Balance of Payments (BoP): Current Account (EUR mn)

77.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (EUR mn)

35.000

Nov 2018

monthly

Jan 2000 - Nov 2018

BoP: Financial Account: Portfolio Investment: Assets (EUR mn)

355.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Portfolio Investment: Liabilities (EUR mn)

-171.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Portfolio Investment (EUR mn)

526.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Financial Derivatives (EUR mn)

8.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Financial Derivatives: Liabilities (EUR mn)

-17.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Other Investment (EUR mn)

-336.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Other Investment: Assets (EUR mn)

13.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Other Investment: Liabilities (EUR mn)

349.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Financial Account: Reserve Assets (EUR mn)

-67.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Errors and Omissions (EUR mn)

-15.000

May 2020

monthly

Jan 2000 - May 2020

BoP: Current Account: Goods: Credit (EUR mn)

911.000

May 2020

monthly

Jan 2000 - May 2020

International Investment Position (IIP) (EUR mn)

-13,564.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

IIP: Assets (EUR mn)

34,876.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

IIP: Liabilities (EUR mn)

48,440.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

Gross External Debt (EUR mn)

34,624.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

Net External Debt (EUR mn)

5,674.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: Financial and Insurance Activities (EUR mn)

3,761.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: Real Estate Activities (EUR mn)

2,283.000

Dec 2018

quarterly

Mar 2000 - Dec 2018

Foreign Direct Investment (FDI): Stock (EUR mn)

16,115.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: Manufacturing (EUR mn)

1,793.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: Construction (EUR mn)

533.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: Wholesale and Retail Trade, Repair of Vehicles (EUR mn)

2,476.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: EU: EA: Lithuania (EUR mn)

1,026.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: EU: EA: Netherlands (EUR mn)

1,129.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: EU: Non EA: Sweden (EUR mn)

2,509.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: EU: EA: Cyprus (EUR mn)

1,105.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

FDI: Stock: EU: EA: Estonia (EUR mn)

2,148.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

Direct Investment Abroad (DIA): Stock (EUR mn)

1,569.000

Dec 2019

quarterly

Mar 2000 - Dec 2019

DIA: Stock: extra EU: Others: Switzerland (EUR mn)

47.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

DIA: Stock: EU: EA: Lithuania (EUR mn)

350.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

DIA: Stock: EU: EA: Luxembourg (EUR mn)

80.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

DIA: Stock: extra EU: CIS: Belarus (EUR mn)

83.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

DIA: Stock: EU: EA: Estonia (EUR mn)

213.000

Mar 2020

quarterly

Mar 2000 - Mar 2020

Monetary Last Frequency Range
Money Supply M1 (USD mn)

15,711.259

Jun 2020

monthly

Jul 2003 - Jun 2020

Money Supply M2 (USD mn)

17,975.331

Jun 2020

monthly

Jul 2003 - Jun 2020

M2 Growth (%)

8.3

Jun 2020

monthly

Jan 2015 - Jun 2020

Non Performing Loans Ratio (%)

5.4

Jun 2019

quarterly

Dec 2004 - Jun 2019

Household Debt: % of GDP (%)

22.0

2019

yearly

2004 - 2019

Reserve Requirement Ratio (%)

1.0

Jul 2020

monthly

Jan 1999 - Jul 2020

Non-Performing Loans (USD mn)

475.697

Mar 2020

quarterly

Dec 2010 - Mar 2020

Foreign Exchange Reserves (USD mn)

4,204.1

Jun 2020

monthly

Jan 1997 - Jun 2020

Foreign Exchange Reserves: % of GDP (%)

12.489

Mar 2020

quarterly

Mar 1997 - Mar 2020

Foreign Exchange Reserves: Months of Import (NA)

3.7

May 2020

monthly

Jan 1997 - May 2020

Gold Reserves (USD mn)

380.554

Jun 2020

monthly

Dec 1992 - Jun 2020

Total Deposits (USD mn)

15,101.922

Jun 2020

monthly

Jan 1993 - Jun 2020

Total Deposits Growth (%)

10.709

May 2020

monthly

Jan 1994 - May 2020

Domestic Credit (USD mn)

12,660.4

May 2020

monthly

Jul 2003 - May 2020

Domestic Credit Growth (%)

-9.2

May 2020

monthly

Jul 2004 - May 2020

Household Debt (USD mn)

7,352.2

Mar 2020

quarterly

Mar 2004 - Mar 2020

Total Loans (USD mn)

14,998.652

May 2020

monthly

Jul 2003 - May 2020

Total Loans Growth (%)

-7.766

May 2020

monthly

Jul 2004 - May 2020

Monetary Base: Euro Area: National Contribution (NC) (EUR mn)

9,965.700

Jun 2020

monthly

Jan 2014 - Jun 2020

Monetary Aggregates: M3 (EUR mn)

15,957.400

Jun 2020

monthly

Jan 2014 - Jun 2020

Official Reserve Assets: EUR (EUR mn)

4,245.000

May 2020

monthly

Jan 2007 - May 2020

Official Reserve Assets: EUR: Foreign Currency Reserves (CR) (EUR mn)

3,764.000

May 2020

monthly

Jan 2007 - May 2020

Deposits: Residents (EUR mn)

13,413.200

Jun 2020

monthly

Jan 1993 - Jun 2020

Loans: Residents: Households: Consumer Credit (EUR mn)

465.600

May 2020

monthly

Jul 2003 - May 2020

Loans: Residents: Households: for House Purchase (EUR mn)

4,160.400

May 2020

monthly

Jul 2003 - May 2020

Loans: Overdue: Non Performing Loans (NPL) (EUR th)

984,108.035

Mar 2019

quarterly

Mar 2018 - Mar 2019

Loans (EUR th)

14,194,462.366

Jun 2018

quarterly

Dec 2010 - Jun 2018

Banking Statistics Last Frequency Range
Capital Adequacy Ratio (%)

25.0

Mar 2020

quarterly

Jun 2000 - Mar 2020

LV: TARGET 2 Balance: Outstanding (EUR mn)

-3,975.930

Jun 2020

monthly

Jan 2014 - Jun 2020

LV: TARGET 2 Balance: Average (EUR mn)

-3,078.346

Jun 2020

monthly

Jan 2014 - Jun 2020

Bank of Latvia: Assets (EUR th)

21,462,680.000

Jun 2020

monthly

Jul 2003 - Jun 2020

Credit institutions: Assets (EUR th)

22,165,681.215

Mar 2019

quarterly

Mar 2018 - Mar 2019

Credit Institutions: Return on Equity (%)

4.549

Mar 2020

quarterly

Mar 1999 - Mar 2020

Credit Institutions: Return on Assets (%)

0.586

Dec 2019

quarterly

Mar 1999 - Dec 2019

Interest and Foreign Exchange Rates Last Frequency Range
Bank Lending Rate (% pa)

4.260

Jun 2020

monthly

Jan 2004 - Jun 2020

Exchange Rate against USD (EUR/USD)

0.917

May 2020

monthly

Feb 1992 - May 2020

Policy Rate (% pa)

0.00

Jul 2020

monthly

Jan 1999 - Jul 2020

Short Term Interest Rate (% pa)

-0.42

Jun 2020

monthly

Dec 1998 - Jun 2020

Long Term Interest Rate (% pa)

0.01

Jun 2020

monthly

Jan 2001 - Jun 2020

Real Effective Exchange Rate (2005=100)

118.9

May 2020

monthly

Jan 1993 - May 2020

ECB Interest Rate: Deposit Facility (% pa)

-0.500

Jul 2020

monthly

Jan 1999 - Jul 2020

ECB Interest Rate: Marginal Lending Facility (% pa)

0.250

Jul 2020

monthly

Jan 1999 - Jul 2020

Energy Last Frequency Range
Electricity Production (GWh)

495

Jun 2020

monthly

Jan 2006 - Jun 2020

Natural Gas: Imports (Cub m mn)

1,150.000

2016

yearly

2004 - 2016

Tourism Last Frequency Range
Visitor Arrivals (Person)

255,120

Mar 2020

quarterly

Mar 2002 - Mar 2020

Visitor Arrivals Growth (%)

-15.5

Mar 2020

quarterly

Mar 2003 - Mar 2020

Tourism Revenue (USD mn)

1,057

2018

yearly

1995 - 2018

Tourism Revenue Growth (%)

11.1

2018

yearly

1996 - 2018

Number of Visitors (Person)

399,548.000

Mar 2020

quarterly

Mar 2002 - Mar 2020

Length of Stay: Overnight: Foreign Visitor (Night)

542,627.000

Mar 2020

quarterly

Mar 2002 - Mar 2020

Bed Occupancy Rate (%)

10.000

May 2020

monthly

Jan 1997 - May 2020

Room Occupancy Rate (%)

12.300

May 2020

monthly

Jan 1997 - May 2020

Business and Economic Survey Last Frequency Range
Business Confidence: Net Balance (% Point)

-7.0

Jul 2020

monthly

Apr 1993 - Jul 2020

Business Confidence Growth (% Point)

-4.1

Jul 2020

monthly

Apr 1994 - Jul 2020

Economic Sentiment Index: Long Term Average: sa (NA)

87.600

Jul 2020

monthly

Apr 1993 - Jul 2020

Financial Market Last Frequency Range
Equity Market Index (31Dec1999=100)

1,058.0

Jul 2020

monthly

Dec 1999 - Jul 2020

Market Capitalization: % of GDP (%)

2.7

2019

yearly

2000 - 2019

Equities: Riga Stock Exchange: No of Listed Shares (Unit)

18.000

Jun 2020

monthly

May 2000 - Jun 2020

Equities: Riga Stock Exchange: Turnover Value (EUR mn)

2.520

Jul 2020

monthly

Jan 2000 - Jul 2020

Bonds: Riga Stock Exchange: No of Listed Bonds (Unit)

39.000

Jun 2020

monthly

Jan 2006 - Jun 2020

Bonds: Riga Stock Exchange: Turnover Value (EUR mn)

0.020

Jun 2020

monthly

Jan 2000 - Jun 2020

Transport and Telecommunications Last Frequency Range
Motor Vehicle Registered (Unit th)

769.843

2015

yearly

2005 - 2015

Container Port Throughput (TEU)

472,532.000

2018

yearly

2008 - 2018

Liner Shipping Connectivity Index (2004=100)

8.050

2018

yearly

2004 - 2018

Number of Subscriber Fixed Line (Unit)

266,214.000

2018

yearly

1975 - 2018

Number of Subscriber Mobile (Person)

2,070,180.000

2018

yearly

1960 - 2018

Teledensity: Fixed Line (Number)

13.804

2018

yearly

1975 - 2018

Teledensity: Mobile (Number)

107.349

2018

yearly

1960 - 2018

Exports: ICT Goods (USD th)

1,270,842.106

2018

yearly

2000 - 2018

Exports: Telecommunication Equipment (USD th)

810,536.048

2018

yearly

1995 - 2018

Exports: Television (USD th)

163,194.292

2018

yearly

1995 - 2018

Imports: ICT Goods (USD th)

1,534,075.513

2018

yearly

2000 - 2018

Imports: Telecommunication Equipment (USD th)

777,512.176

2018

yearly

1995 - 2018

Imports: Television (USD th)

188,898.420

2018

yearly

1995 - 2018

Cargo Traffic (Tonne th)

125,977.000

2018

yearly

1980 - 2018

Cargo Traffic: Rail (Tonne th)

49,260.000

2018

yearly

1980 - 2018

Cargo Traffic: Road (Tonne th)

76,703.000

2018

yearly

1980 - 2018

Cargo Traffic: Air (Tonne th)

16.000

2019

yearly

1980 - 2019

No of Newly Registered Motor Vehicles: Passenger Cars (Unit)

11,516.000

Jun 2020

quarterly

Mar 2002 - Jun 2020

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