-6.5% Latvijas Banka has revised downwards its forecast of Latvia's GDP growth for 2020 to -6.5%.


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.

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
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.

Miķelis Zondaks

Economist, Latvijas Banka
Latvia's labour market indicators for 2019 reflect both slower economic growth and contractions in the number of working age population.

Daina Pelēce

Economist, Latvijas Banka
Latvia's exports of goods continue to benefit from global economic growth.
  • Real GDP (year-on-year; %)

  • Annual inflation (%; HICP)

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

  • Job seekers rate (%)

  • Exports (year-on-year; %)