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8.3%

The average monthly gross wage increased by 8.3% in the third quarter on an annual basis.

Agnese Rutkovska

Economist, Latvijas Banka

In the third quarter, Latvia's GDP growth seems to have retained stability over the first half of the year, albeit mostly on account of some one-off factors rather than stability or improvement in the external or the domestic demand. Furthermore, the overall growth is considerably lower than last year.

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)

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
2019 VI	3.1
2019 VII	3
2019 VIII	3.1
2019 IX	2.3
2019 X	2.2

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

Job seekers rate (%)

Exports (year-on-year; %)

2018 VIII	10.8
2018 IX	0.4
2018 X	9.6
2018 XI	8
2018 XII	0.6
2019 I	1.1
2019 II	-1.4
2019 III	10.8
2019 IV	2.9
2019 V	-2.6
2019 VI	-8.2
2019 VII	3.1
2019 VIII	-2.1

All

Macroeconomic Indicators

2018 Q3	5.1
2018 Q4	5.3
2019 Q1	3.1
2019 Q2	2.5
2019 Q3	1.9

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

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EXPERT'S COMMENT

Agnese Rutkovska

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

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