Key Macroeconomic Indicators

Consumer Prices

Inflation (year-on-year; %; HICP) 2022 IV 13.1
Core inflation (HICP excluding food and energy; year-on-year; %) 2022 IV 6.0
Inflation (year-on-year; %; CPI) 2022 IV 13.0

Real Sector

GDP at current prices (in millions of euro) 2021 Q4 9022.0
GDP at constant prices (adjusted data; year-on-year; %) 2021 Q4 2.7
GDP at constant prices (adjusted data; quarter-on-quarter; %) 2021 Q3 0.6
Manufacturing output at constant prices (adjusted data; year-on-year; %) 2022 III 10.0
Retail trade turnover at constant prices (adjusted data; year-on-year; %) 2022 III 13.2

External Sector

Exports of goods and services (in millions of euro) 2021 Q4 6032
Exports of goods and services (year-on-year; %) 2021 Q4 22.8
Imports of goods and services (in millions of euro) 2021 Q4 6024
Imports of goods and services (year-on-year; %) 2021 Q4 28.6
Current account balance (in millions of euro) 2021 Q4 218
Current account balance (% of GDP) 2021 Q4 2.4
Foreign direct investment in Latvia (net flows; in millions of euro) 2021 Q4 3180

Labour Market

Actual unemployment rate (% of economically active population) 2022 Q1 7.3
Registered unemployment rate (% of economically active population) 2022 IV 6.5
Gross wages and salaries (nominal; year-on-year; %) 2021 Q4 12.5
Net wages and salaries (real; year-on-year; %) 2021 Q4 4.9

Public Finances

General government budget surplus/deficit (cash-flow data; reporting period; in millions of euro) 2022 III -345.9
General government budget surplus/deficit (cash-flow data; from the beginning of the year; in millions of euro) 2022 III -135.9
General government debt (in millions of euro) 2022 III 15160.2
General government debt (% of GDP) 2022 III 41.6

Financial and Monetary Developments

Resident deposits (in millions of euro) 2022 III 16673.4
Resident deposits (year-on-year; %) 2022 III 7.4
Resident loans (in millions of euro) 2022 III 12473.2
Resident loans (year-on-year; %) 2022 III 3.3
Interest rate on loans to non-financial corporations 2021 IX 3.38

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

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