Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2019 II 2.8
Annual core inflation (HICP excluding unprocessed food and energy) 2019 II 2.3
12-month average inflation (%; HICP) 2019 II 2.7
Annual inflation (%; CPI) 2019 II 2.9

Real Sector

Nominal GDP (in millions of euros) 2018 Q4 7981
Real GDP (year-on-year; %) 2018 Q4 5.6 Daina Paula
Working day-adjusted manufacturing output index (year-on-year; %) 2019 I 3.6
Retail trade turnover at constant prices (year-on-year; %) 2019 I 1.2

External Sector

Exports (in millions of euros) 2019 I 962.5
Exports (year-on-year; %) 2019 I -0.6
Imports (in millions of euros) 2019 I 1106.7
Imports (year-on-year; %) 2019 I 0.3
Foreign trade surplus/deficit (in millions of euros) 2019 I -144.2
Current account balance (in millions of euro) 2018 Q4 -76 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2018 Q4 4.8
Foreign direct investment in Latvia (net flows, EUR millions) 2018 Q4 380

Labour Market

Registered unemployment rate (%) 2019 II 6.7
Number of registered unemployed (in thousands) 2019 II 62.5
Job seekers rate (%) 2018 Q4 6.9 Ieva Opmane
Nominal gross wages and salaries (year-on-year; %) 2018 Q4 8.3 Anete Migale
Real net wages and salaries (year-on-year; %) 2018 Q4 6.6

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2019 I 173.6
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2019 I 173.6
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2019 I 13.5
General government debt (in millions of euros) 2019 I 10240.4
General government debt (% of GDP) 2019 I 33.0
Tax revenue (from the beginning of the year; year-on-year; %) 2019 I 3.1

Financial and Monetary Developments

Resident deposits (in millions of euros) 2019 I 12137.9 Vilnis Purviņš
Resident deposits (year-on-year; %) 2019 I 6.0
Resident loans (in millions of euros) 2019 I 11922.0
Resident loans (year-on-year; %) 2019 I -3.7
Weighted average interest rate on euro loans to enterprises 2019 I 2.42

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

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