Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2019 VI 3.1 Oļegs Krasnopjorovs Andrejs Bessonovs
Annual core inflation (HICP excluding unprocessed food and energy) 2019 VI 2.4
12-month average inflation (%; HICP) 2019 VI 3.0
Annual inflation (%; CPI) 2019 VI 3.0

Real Sector

Nominal GDP (in millions of euros) 2019 Q1 6828 Agnese Rutkovska
Real GDP (year-on-year; %) 2019 Q1 3.2
Working day-adjusted manufacturing output index (year-on-year; %) 2019 IV 3.8
Retail trade turnover at constant prices (year-on-year; %) 2019 V 1.2

External Sector

Exports (in millions of euros) 2019 V 1068.3
Exports (year-on-year; %) 2019 V -2.6
Imports (in millions of euros) 2019 V 1430
Imports (year-on-year; %) 2019 V 8.6
Foreign trade surplus/deficit (in millions of euros) 2019 V -361.7
Current account balance (in millions of euro) 2019 Q1 288 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2019 Q1 1.9
Foreign direct investment in Latvia (net flows, EUR millions) 2019 Q1 132

Labour Market

Registered unemployment rate (%) 2019 VI 6.0
Number of registered unemployed (in thousands) 2019 VI 55.8
Job seekers rate (%) 2019 Q1 6.9 Miķelis Zondaks
Nominal gross wages and salaries (year-on-year; %) 2019 Q1 7.8 Miķelis Zondaks
Real net wages and salaries (year-on-year; %) 2019 Q1 4.6

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2019 V 241.4
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2019 V 514.4
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2019 V 7.5
General government debt (in millions of euros) 2019 V 10638.5
General government debt (% of GDP) 2019 V 33.7
Tax revenue (from the beginning of the year; year-on-year; %) 2019 V 2.5

Financial and Monetary Developments

Resident deposits (in millions of euros) 2019 V 12100.7 Vilnis Purviņš
Resident deposits (year-on-year; %) 2019 V 7.1
Resident loans (in millions of euros) 2019 V 12048.1
Resident loans (year-on-year; %) 2019 V -2.2
Weighted average interest rate on euro loans to enterprises 2019 3.14

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

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