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3.0%	In January, annual inflation reached 3.0% in Latvia.

EXPERT'S COMMENT

Agnese Rutkovska

economist, Latvijas Banka

The flash estimate of Latvia's economic growth in the fourth quarter suggests that Latvia's growth rates remained elevated.

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

The current account deficit amounted to 444.4 million euro or 5.7% of gross domestic product in the third quarter of 2018.

In the third quarter, the number of employed persons in Latvia increased by 10.5 thousand quarter-on-quarter, while that of unemployed decreased by 6.6 thousand. Employment expanded not only on account of declining unemployment, but also as a result of the formerly inactive population entering the labour market.

Daina Pelēce

economist, Latvijas Banka

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

Annual inflation (%; HICP)

2018 I	2
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

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

Job seekers rate (%)

Exports (year-on-year; %)

2017 XII	7.8
2018 I	19.3
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

All

Macroeconomic Indicators

2017 Q4	4.8
2018 Q1	4.8
2018 Q2	4.6
2018 Q3	5.3
2018 Q4	5.5

2017 Q3	386
2017 Q4	-31
2018 Q1	105
2018 Q2	23
2018 Q3	237

2017 Q3	8.5
2017 Q4	8.1
2018 Q1	8.2
2018 Q2	7.7
2018 Q3	7

Lending development from a sectoral perspective

Latvia’s energy sector: challenges and prospects

An era of instant payments

Two types of central bank digital currency: which one is better for monetary policy?

Manufacturing sector expects tighter competition in export markets

Retail trade momentum remains high

New driver of GDP growth: domestic consumption takes up the baton from exports

Bank deposits increased rapidly at the end of the year

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

Agnese Rutkovska

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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