Key Macroeconomic Indicators
Prices and Costs
| Annual inflation (%; HICP) | 2020 IV | -0.1 |
|
|
| Annual core inflation (HICP excluding unprocessed food and energy) | 2020 IV | 1.0 |
|
|
| 12-month average inflation (%; HICP) | 2020 IV | 2.3 |
|
|
| Annual inflation (%; CPI) | 2020 IV | 0.0 |
|
Real Sector
| Nominal GDP (in millions of euros) | 2019 Q4 | 8020 |
|
|
| Real GDP (year-on-year; %) | 2019 Q4 | 1.0 |
|
|
| Working day-adjusted manufacturing output index (year-on-year; %) | 2020 III | 3.6 |
|
|
| Retail trade turnover at constant prices (year-on-year; %) | 2020 III | -1.8 |
|
External Sector
| Exports (in millions of euros) | 2020 III | 1098.4 |
|
|
| Exports (year-on-year; %) | 2020 III | -0.7 |
|
|
| Imports (in millions of euros) | 2020 III | 1318.7 |
|
|
| Imports (year-on-year; %) | 2020 III | -8.4 |
|
|
| Foreign trade surplus/deficit (in millions of euros) | 2020 III | -220.2 |
|
|
| Current account balance (in millions of euro) | 2019 Q4 | -28 |
|
|
| Foreign direct investment in Latvia (net flows, % of GDP) | 2019 Q4 | 2.5 |
|
|
| Foreign direct investment in Latvia (net flows, EUR millions) | 2019 Q4 | 198 |
|
Labour Market
| Registered unemployment rate (%) | 2020 IV | 8 |
|
|
| Number of registered unemployed (in thousands) | 2020 IV | 72.9 |
|
|
| Job seekers rate (%) | 2019 Q4 | 6.0 |
|
|
| Nominal gross wages and salaries (year-on-year; %) | 2019 Q4 | 6.9 |
|
|
| Real net wages and salaries (year-on-year; %) | 2019 Q4 | 4.2 |
|
Public Finances
Financial and Monetary Developments
| Resident deposits (in millions of euros) | 2020 III | 13307.3 |
|
|
| Resident deposits (year-on-year; %) | 2020 III | 8.7 |
|
|
| Resident loans (in millions of euros) | 2020 III | 11435.4 |
|
|
| Resident loans (year-on-year; %) | 2020 III | -3.7 |
|
|
| Weighted average interest rate on euro loans to enterprises | 2020 III | 3.00 |
|
Sources: State Treasury of Latvia, Central Statistical Bureau, Latvijas Banka