Key Macroeconomic Indicators

Consumer Prices

Inflation (year-on-year; %; HICP) 2021 III 0.3
Core inflation (HICP excluding food and energy; year-on-year; %) 2021 III 0.5
Inflation (year-on-year; %; CPI) 2021 III 0.3

Real Sector

GDP at current prices (in millions of euro) 2020 Q4 7922.0
GDP at constant prices (adjusted data; year-on-year; %) 2020 Q4 -1.8 Agnese Rutkovska
GDP at constant prices (adjusted data; quarter-on-quarter; %) 2020 Q4 1.1
Manufacturing output at constant prices (adjusted data; year-on-year; %) 2021 III 3.8
Retail trade turnover at constant prices (adjusted data; year-on-year; %) 2021 III 3.2 Daina Paula

External Sector

Exports of goods and services (in millions of euro) 2020 Q4 4875
Exports of goods and services (year-on-year; %) 2020 Q4 3.4
Imports of goods and services (in millions of euro) 2020 Q4 4663
Imports of goods and services (year-on-year; %) 2020 Q4 -1.2
Current account balance (in millions of euro) 2020 Q4 590
Current account balance (% of GDP) 2020 Q4 7.5 Guntis Kalniņš
Foreign direct investment in Latvia (net flows; in millions of euro) 2020 Q4 171

Labour Market

Actual unemployment rate (% of economically active population) 2020 Q4 7.9
Registered unemployment rate (% of economically active population) 2021 III 8.2
Gross wages and salaries (nominal; year-on-year; %) 2020 Q4 6.7 Anete Migale
Net wages and salaries (real; year-on-year; %) 2020 Q4 7.0

Public Finances

General government budget surplus/deficit (cash-flow data; reporting period; in millions of euro) 2021 III -626.3
General government budget surplus/deficit (cash-flow data; from the beginning of the year; in millions of euro) 2021 III -526.2
General government debt (in millions of euro) 2021 III 13246.3
General government debt (% of GDP) 2021 III 42.9

Financial and Monetary Developments

Resident deposits (in millions of euro) 2021 III 15525.3
Resident deposits (year-on-year; %) 2021 III 16.7
Resident loans (in millions of euro) 2021 III 12075.8
Resident loans (year-on-year; %) 2021 III 5.6
Interest rate on loans to non-financial corporations 2021 III 3.09

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

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