-7.5% According to Latvijas Banka projections, Latvia’s GDP will decrease by 7.5% in 2020.

EXPERT'S COMMENT

Agnese Rutkovska

Economist, Latvijas Banka
Deceleration of external demand and domestic development has resulted in sluggish growth of gross domestic product: without much vigour, Latvia's economy still managed to keep the head above water in the last quarter of 2019.

Kristofers Pone

Economist, Latvijas Banka
Overall, foreign direct investment reached 198 million euro (2.5% of GDP) in Latvia in the fourth quarter. The largest inflows were registered from Sweden, Estonia, and Czechia in sectors like real estate activities, energy, information and communication technologies, as well as the financial sector.

Miķelis Zondaks

Economist, Latvijas Banka
Latvia's labour market indicators for 2019 reflect both slower economic growth and contractions in the number of working age population.

Kristofers Pone

Economist, Latvijas Banka
  • Real GDP (year-on-year; %)

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

  • Job seekers rate (%)

  • Exports (year-on-year; %)

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