Key Macroeconomic Indicators

Consumer Prices

Inflation (year-on-year; %; HICP) 2022 VIII 21.4
Core inflation (HICP excluding food and energy; year-on-year; %) 2022 VIII 8.2
Inflation (year-on-year; %; CPI) 2022 VIII 21.5

Real Sector

GDP at current prices (in millions of euro) 2022 Q2 9742.0
GDP at constant prices (adjusted data; year-on-year; %) 2022 Q2 2.9
GDP at constant prices (adjusted data; quarter-on-quarter; %) 2022 Q2 -1.0
Manufacturing output at constant prices (adjusted data; year-on-year; %) 2022 VIII -2.6
Retail trade turnover at constant prices (adjusted data; year-on-year; %) 2022 VIII 0.7

External Sector

Exports of goods and services (in millions of euro) 2022 Q2 6650
Exports of goods and services (year-on-year; %) 2022 Q2 34.0
Imports of goods and services (in millions of euro) 2022 Q2 7381
Imports of goods and services (year-on-year; %) 2022 Q2 33.6
Current account balance (in millions of euro) 2022 Q2 -913
Current account balance (% of GDP) 2022 Q2 -9.6
Foreign direct investment in Latvia (net flows; in millions of euro) 2022 Q2 315

Labour Market

Actual unemployment rate (% of economically active population) 2022 Q2 6.6
Registered unemployment rate (% of economically active population) 2022 VIII 5.8
Gross wages and salaries (nominal; year-on-year; %) 2022 Q2 8.3
Net wages and salaries (real; year-on-year; %) 2022 Q2 -7.6

Public Finances

General government budget surplus/deficit (cash-flow data; reporting period; in millions of euro) 2022 VII 128.9
General government budget surplus/deficit (cash-flow data; from the beginning of the year; in millions of euro) 2022 VII -98.2
General government debt (in millions of euro) 2022 VII 15730.7
General government debt (% of GDP) 2022 VII 41.4

Financial and Monetary Developments

Resident deposits (in millions of euro) 2022 VIII 17046.4
Resident deposits (year-on-year; %) 2022 VIII 8.0
Resident loans (in millions of euro) 2022 VIII 13340.5
Resident loans (year-on-year; %) 2022 VIII 8.9
Interest rate on loans to non-financial corporations 2022 VI 2.81

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

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