Key Macroeconomic Indicators

Consumer Prices

Inflation (year-on-year; %; HICP) 2021 VI 2.7
Core inflation (HICP excluding food and energy; year-on-year; %) 2021 VI 2.0
Inflation (year-on-year; %; CPI) 2021 VI 2.7

Real Sector

GDP at current prices (in millions of euro) 2021 Q1 6791.0
GDP at constant prices (adjusted data; year-on-year; %) 2021 Q1 -1.2
GDP at constant prices (adjusted data; quarter-on-quarter; %) 2021 Q1 -1.7 Agnese Rutkovska
Manufacturing output at constant prices (adjusted data; year-on-year; %) 2021 V 11.0
Retail trade turnover at constant prices (adjusted data; year-on-year; %) 2021 VI 5.9

External Sector

Exports of goods and services (in millions of euro) 2021 Q1 4522
Exports of goods and services (year-on-year; %) 2021 Q1 2.5
Imports of goods and services (in millions of euro) 2021 Q1 4418
Imports of goods and services (year-on-year; %) 2021 Q1 0.4
Current account balance (in millions of euro) 2021 Q1 -44
Current account balance (% of GDP) 2021 Q1 -0.7 Guntis Kalniņš
Foreign direct investment in Latvia (net flows; in millions of euro) 2021 Q1 367

Labour Market

Actual unemployment rate (% of economically active population) 2021 Q1 8.1 Oļegs Krasnopjorovs
Registered unemployment rate (% of economically active population) 2021 VI 7.4
Gross wages and salaries (nominal; year-on-year; %) 2021 Q1 9.5 Santa Bērziņa
Net wages and salaries (real; year-on-year; %) 2021 Q1 9.7

Public Finances

General government budget surplus/deficit (cash-flow data; reporting period; in millions of euro) 2021 V 43.8
General government budget surplus/deficit (cash-flow data; from the beginning of the year; in millions of euro) 2021 V -630.2
General government debt (in millions of euro) 2021 V 13395.6
General government debt (% of GDP) 2021 V 43.4

Financial and Monetary Developments

Resident deposits (in millions of euro) 2021 VI 15790.9
Resident deposits (year-on-year; %) 2021 VI 17.7
Resident loans (in millions of euro) 2021 VI 12029.3
Resident loans (year-on-year; %) 2021 VI 5.8
Interest rate on loans to non-financial corporations 2021 V 2.54

Sources: State Treasury of Latvia, Central Statistical Bureau, Latvijas Banka

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