Homepage

1.0%

In the fourth quarter of 2019 GDP grew by 1.0% year-on-year.

Daina Paula

Economist, Latvijas Banka

Stumbling and crawling, the Latvian economy stayed on the path of growth also in late 2019.

Oļegs Krasnopjorovs

Economist, Latvijas Banka

Andrejs Bessonovs

Economist, Latvijas Banka

According to our research, a 10% increase in global oil prices raises the level of consumer prices in Latvia by 0.6% in the medium term.

Kristofers Pone

Economist, Latvijas Banka

Foreign direct investment in Latvia totalled 397 million euro or 4.9% of GDP in the third quarter of 2019.

Miķelis Zondaks

Economist, Latvijas Banka

Despite the increasing signals of economic growth slowdown and risks in external markets causing uncertainty with respect to Latvia's economic outlook, labour demand still remains high.

Daina Pelēce

Economist, Latvijas Banka

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

Annual inflation (%; HICP)

2019 I	2.9
2019 II	2.8
2019 III	2.7
2019 IV	3.3
2019 V	3.5
2019 VI	3.1
2019 VII	3
2019 VIII	3.1
2019 IX	2.3
2019 X	2.2
2019 XI	2
2019 XII	2.1
2020 I	2.2

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

Job seekers rate (%)

Exports (year-on-year; %)

2018 XII	0.6
2019 I	1.1
2019 II	-1.4
2019 III	9.7
2019 IV	3.6
2019 V	-1.9
2019 VI	-8.3
2019 VII	3.2
2019 VIII	-1.6
2019 IX	2.5
2019 X	0.5
2019 XI	-6.5
2019 XII	3.9

All

Macroeconomic Indicators

2018 Q4	5.3
2019 Q1	3.1
2019 Q2	2.5
2019 Q3	1.9
2019 Q4	1

2018 Q3	237
2018 Q4	380
2019 Q1	132
2019 Q2	-62
2019 Q3	397

2018 Q3	7
2018 Q4	6.9
2019 Q1	6.9
2019 Q2	6.4
2019 Q3	6

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

Wage increases result in higher prices: Empirical investigation

What do demographic challenges mean to the Baltic labour market?

Macroeconomic Developments Report. June 2019

Latvia's Macro Profile. January 2020

Anatomy of labour reserves in the Baltic countries

Macroeconomic Effects of the ECB's Forward Guidance

Short-Term Inflation Projections Model and Its Assessment in Latvia

Artificial intelligence – an assistant, rival or threat?

Oil price pass-through to consumer prices in Latvia

Can we compete with artificial intelligence on the labour market?

Why are Baltic labour reserves far from exhausted?

"First shift" of manufacturing subsectors getting tired

Stumbling and crawling but moving ahead nonetheless

Will modest consumption hinder retail trade development?

Corporate lending ended the year on a pessimistic note

What's in store for Latvia's economy in 2020?

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

EXPERT'S COMMENT

Daina Paula

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