Key Macroeconomic Indicators
Prices and Costs
| Annual inflation (%; HICP) | 2020 II | 2.3 |
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| Annual core inflation (HICP excluding unprocessed food and energy) | 2020 II | 2.0 |
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| 12-month average inflation (%; HICP) | 2020 II | 2.6 |
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| Annual inflation (%; CPI) | 2020 II | 2.3 |
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Real Sector
| Nominal GDP (in millions of euros) | 2019 Q4 | 8020 |
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| Real GDP (year-on-year; %) | 2019 Q4 | 1.0 |
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| Working day-adjusted manufacturing output index (year-on-year; %) | 2019 XII | -1.9 |
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| Retail trade turnover at constant prices (year-on-year; %) | 2020 I | 2.6 |
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External Sector
| Exports (in millions of euros) | 2020 I | 1073.4 |
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| Exports (year-on-year; %) | 2020 I | 7.2 |
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| Imports (in millions of euros) | 2020 I | 1166.4 |
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| Imports (year-on-year; %) | 2020 I | 1.5 |
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| Foreign trade surplus/deficit (in millions of euros) | 2020 I | -93 |
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| Current account balance (in millions of euro) | 2019 Q4 | -28 |
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| Foreign direct investment in Latvia (net flows, % of GDP) | 2019 Q4 | 2.5 |
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| Foreign direct investment in Latvia (net flows, EUR millions) | 2019 Q4 | 198 |
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Labour Market
| Registered unemployment rate (%) | 2020 II | 6.3 |
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| Number of registered unemployed (in thousands) | 2020 II | 58.2 |
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| Job seekers rate (%) | 2019 Q4 | 6.0 |
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| Nominal gross wages and salaries (year-on-year; %) | 2019 Q4 | 6.9 |
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| Real net wages and salaries (year-on-year; %) | 2019 Q4 | 4.2 |
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Public Finances
Financial and Monetary Developments
| Resident deposits (in millions of euros) | 2020 II | 12927.6 |
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| Resident deposits (year-on-year; %) | 2020 II | 6.4 |
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| Resident loans (in millions of euros) | 2020 II | 11487.5 |
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| Resident loans (year-on-year; %) | 2020 II | -3.2 |
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| Weighted average interest rate on euro loans to enterprises | 2020 II | 2.92 |
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Sources: State Treasury of Latvia, Central Statistical Bureau, Latvijas Banka