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-7.5%

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

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.