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2.8%	In March, annual inflation reached 2.8% in Latvia.

EXPERT'S COMMENT

Daina Paula

economist, Latvijas Banka

In 2018, economic growth in Latvia exceeded the initial estimates. Latvia's economic growth will continue on an upward trend in 2019, yet at a slower pace.

Oļegs Krasnopjorovs

economist, Latvijas Banka

It is not possible to reach the level of German well-being with Romanian price level; along with an increase in income, prices will also rise.

Kristofers Pone

economist, Latvijas Banka

Current account deficit totalled 283 million euro or 1.0% of GDP in 2018. Foreign direct investment reached 380 million euro or 4.8% of GDP in net terms in the fourth quarter.

Ieva Opmane

economist, Latvijas Banka

Latvia's employment continued on an upward trend in 2018. The number of the employed rose by 14.6 thousand, while that of the unemployed contracted only by 12.6 thousand.

Daina Pelēce

economist, Latvijas Banka

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

Annual inflation (%; HICP)

2018 II	1.8
2018 III	2.3
2018 IV	2.1
2018 V	2.4
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

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

Job seekers rate (%)

Exports (year-on-year; %)

2018 II	13
2018 III	-5.3
2018 IV	15.8
2018 V	9.4
2018 VI	12.7
2018 VII	9.6
2018 VIII	7.8
2018 IX	-1
2018 X	6.8
2018 XI	5.2
2018 XII	-1.3
2019 I	-0.6
2019 II	1

All

Macroeconomic Indicators

2017 Q4	4.8
2018 Q1	4.8
2018 Q2	4.6
2018 Q3	5.2
2018 Q4	5.6

2017 Q4	-31
2018 Q1	105
2018 Q2	23
2018 Q3	237
2018 Q4	380

2017 Q4	8.1
2018 Q1	8.2
2018 Q2	7.7
2018 Q3	7
2018 Q4	6.9

Lending development from a sectoral perspective

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An era of instant payments

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Savings in banks going up

Surplus of goods and services balance does not avert current account deficit at year-end

Last year saw the highest remuneration rise in post-crisis period

Domestic market alone not enough for sustained rapid growth

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

Kristofers Pone

Ieva Opmane

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

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