Homepage

1.5%

In the third quarter of 2019 manufacturing output grew by 1.5% year-on-year.

Daina Paula

Economist, Latvijas Banka

The flash estimate for Latvia's economic growth in the third quarter shows that after the unfavourable developments at the beginning of the year growth has recovered and stabilised; however, it was primarily driven by short-term factors.

Oļegs Krasnopjorovs

Economist, Latvijas Banka

Andrejs Bessonovs

Economist, Latvijas Banka

According to our research, a 10% increase in global oil prices raises the level of consumer prices in Latvia by 0.6% in the medium term.

Kristofers Pone

Economist, Latvijas Banka

In the first half of 2019 overall foreign direct investment in Latvia amounted to 110.8 million euro or 0.8% of GDP.

Miķelis Zondaks

Economist, Latvijas Banka

While the overall number of the unemployed is declining, some age groups have recorded an increase suggesting that, at the moment, not all job seekers can find a desirable or suitable job.

Daina Pelēce

Economist, Latvijas Banka

Latvia's exports of goods continue to benefit from global economic growth.

Annual inflation (%; HICP)

2018 IX	3.3
2018 X	3.2
2018 XI	2.9
2018 XII	2.6
2019 I	2.9
2019 II	2.8
2019 III	2.7
2019 IV	3.3
2019 V	3.5
2019 VI	3.1
2019 VII	3
2019 VIII	3.1
2019 IX	2.3

Foreign direct investment in Latvia (net flows, EUR millions)

Job seekers rate (%)

Exports (year-on-year; %)

2018 VIII	10.8
2018 IX	0.4
2018 X	9.6
2018 XI	8
2018 XII	0.6
2019 I	1.1
2019 II	-1.4
2019 III	10.8
2019 IV	2.9
2019 V	-2.6
2019 VI	-8.2
2019 VII	3.1
2019 VIII	-2.1

All

Macroeconomic Indicators

2018 Q3	5.1
2018 Q4	5.3
2019 Q1	3.1
2019 Q2	2.5
2019 Q3	1.8

2018 Q2	23
2018 Q3	237
2018 Q4	380
2019 Q1	132
2019 Q2	-62

2018 Q2	7.7
2018 Q3	7
2018 Q4	6.9
2019 Q1	6.9
2019 Q2	6.4

How developments in global food commodity prices affect consumer prices in Latvia

Wage increases result in higher prices: Empirical investigation

What do demographic challenges mean to the Baltic labour market?

Latvia's Macro Profile. June 2019

Macroeconomic Developments Report. June 2019

Working paper: On the design of stabilising fiscal rules

Country-Level Effects of the ECB's Expanded Asset Purchase Programme

Anatomy of labour reserves in the Baltic countries

Oil price pass-through to consumer prices in Latvia

Can we compete with artificial intelligence on the labour market?

Why are Baltic labour reserves far from exhausted?

Labour Market Reforms in the European Union: an Overview

The manufacturing sector is facing a period of challenges

Despite risks, economic growth continues

Stable monetary aggregate dynamics persists

Lending remains sluggish

Will limited budget resources impede government plans?

The performance of Latvia’s economy in 2018 and the forecast for 2019

Why inflation rate of close to 3% is healthy for Latvia at this stage

#reformasLV or why Latvijas Banka cares about education and healthcare?

EXPERT'S COMMENT

Daina Paula

Oļegs Krasnopjorovs

Andrejs Bessonovs

Kristofers Pone

Miķelis Zondaks

Daina Pelēce

Real GDP (year-on-year; %)

Annual inflation (%; HICP)

Foreign direct investment in Latvia (net flows, EUR millions)

Job seekers rate (%)

Exports (year-on-year; %)

MACRO DEVELOPMENTS REPORT

NUMBER THAT COUNTS