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5.7%

The current account deficit amounted to 5.7% of GDP in the third quarter of 2018.

Daina Paula

economist, Latvijas Banka

It is mainly the services sectors that have bolstered the quarterly growth of 1.7% (in seasonally and working-day adjusted terms), i.e. the ICT sector continues on a stable upward path, the transportation and storage sector demonstrates a substantial improvement.

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.

Ieva Opmane

economist, Latvijas Banka

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)

2017 X	2.7
2017 XI	2.7
2017 XII	2.2
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

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

Job seekers rate (%)

Exports (year-on-year; %)

2017 X	10.9
2017 XI	16.2
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

All

Macroeconomic Indicators

2017 Q3	5.8
2017 Q4	4.8
2018 Q1	4.8
2018 Q2	4.6
2018 Q3	5.3

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

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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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