Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2021 I -0.5
Annual core inflation (HICP excluding unprocessed food and energy) 2021 I 1.1
Annual inflation (%; CPI) 2021 I -0.5

Real Sector

Nominal GDP (in millions of euros) 2020 Q4 7922
Real GDP (year-on-year; %) 2020 Q4 -1.8
Working day-adjusted manufacturing output index (year-on-year; %) 2020 XII 5.1 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2021 I -8.9

External Sector

Exports (in millions of euros) 2020 XII 1148.4
Exports (year-on-year; %) 2020 XII 12.5
Imports (in millions of euros) 2020 XII 1409.8
Imports (year-on-year; %) 2020 XII 0.9
Foreign trade surplus/deficit (in millions of euros) 2020 XII -261.4
Current account balance (in millions of euro) 2020 Q3 -56
Current account surplus/deficit to GDP ratio (%) 2020 Q3 -0.7
Foreign direct investment in Latvia (net flows, EUR millions) 2020 Q3 251

Labour Market

Registered unemployment rate (%) 2021 I 8.0
Job seekers rate (%) 2020 Q4 7.9
Nominal gross wages and salaries (year-on-year; %) 2020 Q4 6.7
Real net wages and salaries (year-on-year; %) 2020 Q4 7.0

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2021 I 170.2
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2021 I 170.2
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2021 I -2.6
General government debt (in millions of euros) 2021 I 11844.6
General government debt (% of GDP) 2021 I 39.2

Financial and Monetary Developments

Resident deposits (in millions of euros) 2020 XII 14855.5
Resident deposits (year-on-year; %) 2020 XII 14.0
Resident loans (in millions of euros) 2020 XII 11215.8
Resident loans (year-on-year; %) 2020 XII -4.0
Weighted average interest rate on euro loans to enterprises 2021 I 2.99

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

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