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9.5%

In January – May the total amount of new loans grew 9.5% year-on-year.

Agnese Rutkovska

economist, Latvijas Banka

The GDP growth rate has moderated; however, consumption, investment and exports have remained relatively robust.

Andrejs Bessonovs

economist, Latvijas Banka

According to Latvijas Banka research, a 10% increase in global food commodity prices raises consumer prices by 0.9% in Latvia.

Foreign direct investment reached 132 million euro (1.9% of GDP) in net terms in the first quarter of 2019. The largest inflows were registered from Estonia, Germany and Lithuania in sectors like real estate activities, trade and ICT.

Miķelis Zondaks

Economist

The data suggest that the labour market has not yet responded to the economic deceleration and labour demand has remained stable.

Daina Pelēce

economist, Latvijas Banka

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

Annual inflation (%; HICP)

2018 VI	2.7
2018 VII	2.7
2018 VIII	2.8
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

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

Job seekers rate (%)

Exports (year-on-year; %)

2018 V	12.4
2018 VI	13.5
2018 VII	13.4
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

All

Macroeconomic Indicators

2018 Q1	4.9
2018 Q2	4.6
2018 Q3	5.1
2018 Q4	5.3
2019 Q1	3.2

2018 Q1	105
2018 Q2	23
2018 Q3	237
2018 Q4	380
2019 Q1	132

2018 Q1	8.2
2018 Q2	7.7
2018 Q3	7
2018 Q4	6.9
2019 Q1	6.9

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

The current account surplus stood at 4.2% of GDP in the first quarter

Latvia's Macro Profile. June 2019

Macroeconomic Developments Report. June 2019

Assessing Nowcast Accuracy of US GDP Growth in Real Time: The Role of Booms and Busts

Working paper: On the design of stabilising fiscal rules

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

Latvia's export perspectives amid weaker external environment

Lending development from a sectoral perspective

Latvia’s energy sector: challenges and prospects

Corporate lending resumes growth

The current account surplus stood at 4.2% of GDP in the first quarter

Is the Earth's rotation slowing down or does Latvia's economic growth lose momentum?

Lending continues on a gradual upward trend

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

Agnese Rutkovska

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