Daina Paula

economist, Latvijas Banka
In 2017, Latvia's economic growth reached the highest rate of the last six years. This happened even despite the deceleration observed in the fourth quarter when only the exports of goods and services managed to retain positive quarterly growth.

Kristofers Pone

economist, Latvijas Banka
In February, prices of both goods and services picked up slightly in monthly terms, but the inflation rate decelerated to 1.8% year-on-year. It is the slowest growth rate recorded since November 2016 after which inflation spiked upwards owing to global food and energy prices.

Linda Vecgaile

economist, Latvijas Banka
Exports of construction services to Sweden, the United Kingdom and Germany continue to grow; this year a considerable increase is reported in those to Lithuania.

Oļegs Krasnopjorovs

economist, Latvijas Banka
Overall, since the restoration of Latvia's independence (excluding the short period of economic overheating (2006–2007)), Latvia's labour market has not been as favourable to employees as it is now.

Daina Pelēce

economist, Latvijas Banka
Exports of goods remain on a solid growth path on account of higher activity in the global economy, increasing external demand and global prices.
  • Real GDP (year-on-year; %)

  • Annual inflation (%; CPI)

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

  • Job seekers rate (%)

  • Exports (year-on-year; %)


General government budget deficit was 0.5% of GDP in 2017.