Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2020 X -0.7 Oļegs Krasnopjorovs Andrejs Bessonovs
Annual core inflation (HICP excluding unprocessed food and energy) 2020 X 0.8
12-month average inflation (%; HICP) 2020 X 0.5
Annual inflation (%; CPI) 2020 X -0.7

Real Sector

Nominal GDP (in millions of euros) 2020 Q2 6908 Agnese Rutkovska
Real GDP (year-on-year; %) 2020 Q2 -8.6
Working day-adjusted manufacturing output index (year-on-year; %) 2020 IX -0.6 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2020 IX 5.9

External Sector

Exports (in millions of euros) 2020 IX 1275.1
Exports (year-on-year; %) 2020 IX 13.0
Imports (in millions of euros) 2020 IX 1427.9
Imports (year-on-year; %) 2020 IX 3.5
Foreign trade surplus/deficit (in millions of euros) 2020 IX -152.7
Current account balance (in millions of euro) 2020 Q2 261 Guntis Kalniņš
Current account surplus/deficit to GDP ratio (%) 2020 Q2 3.8
Foreign direct investment in Latvia (net flows, EUR millions) 2020 Q2 148

Labour Market

Registered unemployment rate (%) 2020 X 7.4
Number of registered unemployed (in thousands) 2020 X 67.1
Job seekers rate (%) 2020 Q3 8.4 Anete Migale
Nominal gross wages and salaries (year-on-year; %) 2020 Q2 3.9 Anete Migale
Real net wages and salaries (year-on-year; %) 2020 Q2 4.3

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2020 IX -130.0
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2020 IX -170.1
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2020 IX 8.4
General government debt (in millions of euros) 2020 IX 12916.5
General government debt (% of GDP) 2020 IX 44.2
Tax revenue (from the beginning of the year; year-on-year; %) 2020 IX -1.0

Financial and Monetary Developments

Resident deposits (in millions of euros) 2020 IX 13781.3
Resident deposits (year-on-year; %) 2020 IX 11.4
Resident loans (in millions of euros) 2020 IX 11436.9
Resident loans (year-on-year; %) 2020 IX -4.8
Weighted average interest rate on euro loans to enterprises 2020 IX 3.74

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

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