Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2018 XII 2.6
Annual core inflation (HICP excluding unprocessed food and energy) 2018 XII 2.1
12-month average inflation (%; HICP) 2018 XII 2.6
Annual inflation (%; CPI) 2018 XII 2.6

Real Sector

Nominal GDP (in millions of euros) 2018 Q3 7760.5
Real GDP (year-on-year; %) 2018 Q3 5.3 Daina Paula
Working day-adjusted manufacturing output index (year-on-year; %) 2018 XI 3.3
Retail trade turnover at constant prices (year-on-year; %) 2018 XI 4.0

External Sector

Exports (in millions of euros) 2018 X 1157.0
Exports (year-on-year; %) 2018 X 6.8
Imports (in millions of euros) 2018 X 1499.1
Imports (year-on-year; %) 2018 X 18.8
Foreign trade surplus/deficit (in millions of euros) 2018 X 342.1
Current account balance (in millions of euro) 2018 Q3 -444 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2018 Q3 3.1
Foreign direct investment in Latvia (net flows, EUR millions) 2018 Q3 237

Labour Market

Registered unemployment rate (%) 2018 XII 6.4
Number of registered unemployed (in thousands) 2018 XII 59.6
Job seekers rate (%) 2018 Q3 7.0 Ieva Opmane
Nominal gross wages and salaries (year-on-year; %) 2018 Q3 8.0 Ieva Opmane
Real net wages and salaries (year-on-year; %) 2018 Q3 6.4

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2018 XI -156.8
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2018 XI 357.9
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2018 XI 11.6
General government debt (in millions of euros) 2018 XI 10208.1
General government debt (% of GDP) 2018 XI 35.0
Tax revenue (from the beginning of the year; year-on-year; %) 2018 XI 8.3

Financial and Monetary Developments

Resident deposits (in millions of euros) 2018 XI 11534.8 Vilnis Purviņš
Resident deposits (year-on-year; %) 2018 XI 3.0
Resident loans (in millions of euros) 2018 XI 11905.6
Resident loans (year-on-year; %) 2018 XI -4.4
Weighted average interest rate on euro loans to enterprises 2018 XI 3.00

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

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