Key Macroeconomic Indicators
Prices and Costs
| Annual inflation (%; HICP) | 2021 I | -0.5 |
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| Annual core inflation (HICP excluding unprocessed food and energy) | 2021 I | 1.1 |
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| Annual inflation (%; CPI) | 2021 I | -0.5 |
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Real Sector
| Nominal GDP (in millions of euros) | 2020 Q4 | 7922 |
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| Real GDP (year-on-year; %) | 2020 Q4 | -1.8 |
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| Working day-adjusted manufacturing output index (year-on-year; %) | 2020 XII | 5.1 |
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| Retail trade turnover at constant prices (year-on-year; %) | 2021 I | -8.9 |
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External Sector
| Exports (in millions of euros) | 2020 XII | 1148.4 |
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| Exports (year-on-year; %) | 2020 XII | 12.5 |
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| Imports (in millions of euros) | 2020 XII | 1409.8 |
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| Imports (year-on-year; %) | 2020 XII | 0.9 |
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| Foreign trade surplus/deficit (in millions of euros) | 2020 XII | -261.4 |
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| Current account balance (in millions of euro) | 2020 Q3 | -56 |
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| Current account surplus/deficit to GDP ratio (%) | 2020 Q3 | -0.7 |
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| Foreign direct investment in Latvia (net flows, EUR millions) | 2020 Q3 | 251 |
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Labour Market
| Registered unemployment rate (%) | 2021 I | 8.0 |
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| Job seekers rate (%) | 2020 Q4 | 7.9 |
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| Nominal gross wages and salaries (year-on-year; %) | 2020 Q4 | 6.7 |
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| Real net wages and salaries (year-on-year; %) | 2020 Q4 | 7.0 |
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Public Finances
Financial and Monetary Developments
| Resident deposits (in millions of euros) | 2020 XII | 14855.5 |
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| Resident deposits (year-on-year; %) | 2020 XII | 14.0 |
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| Resident loans (in millions of euros) | 2020 XII | 11215.8 |
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| Resident loans (year-on-year; %) | 2020 XII | -4.0 |
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| Weighted average interest rate on euro loans to enterprises | 2021 I | 2.99 |
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Sources: State Treasury of Latvia, Central Statistical Bureau, Latvijas Banka