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7.8%

In the first quarter of 2019, the gross average wage grew by 7.8% year-on-year.

Agnese Rutkovska

economist, Latvijas Banka

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

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.

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 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
2019 III	2.7
2019 IV	3.3
2019 V	3.5

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

Job seekers rate (%)

Exports (year-on-year; %)

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
2019 III	12

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

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EXPERT'S COMMENT

Agnese Rutkovska

Oļegs Krasnopjorovs

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