Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; CPI) 2018 VIII 2.80
Annual inflation (%; HICP) 2018 VIII 2.80
Annual core inflation (HICP excluding unprocessed food and energy) 2018 VIII 1.70
12-month average inflation (%; HICP) 2018 VIII 2.50

Real Sector

Nominal GDP (in millions of euros) 2018 Q2 7279.10
Real GDP (year-on-year; %) 2018 Q2 4.40 Daina Paula
Working day-adjusted manufacturing output index (year-on-year; %) 2018 VII 1.20
Retail trade turnover at constant prices (year-on-year; %) 2018 VII 4.30

External Sector

Exports (in millions of euros) 2018 VII 949.80 Daina Pelēce
Exports (year-on-year; %) 2018 VII 8.30
Imports (in millions of euros) 2018 VII 1355.40
Imports (year-on-year; %) 2018 VII 14.50
Foreign trade surplus/deficit (in millions of euros) 2018 VII -405.70
Current account balance (in millions of euro) 2018 Q2 35.00 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2018 Q2 0.40
Foreign direct investment in Latvia (net flows, EUR millions) 2018 Q2 23.00

Labour Market

Registered unemployment rate (%) 2018 VIII 6.30
Number of registered unemployed (in thousands) 2018 VIII 58.05
Job seekers rate (%) 2018 Q2 7.70 Ieva Opmane
Nominal gross wages and salaries (year-on-year; %) 2018 Q2 8.40 Ieva Opmane
Real net wages and salaries (year-on-year; %) 2018 Q2 7.40

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2018 VIII 45.80
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2018 VIII 723.90
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2018 VIII 10.20
General government debt (in millions of euros) 2018 VIII 9874.90
General government debt (% of GDP) 2018 VIII 34.30
Tax revenue (from the beginning of the year; year-on-year; %) 2018 VIII 9.40

Financial and Monetary Developments

Resident loans (in millions of euros) 2018 VII 11730.30 Vilnis Purviņš
Resident loans (year-on-year; %) 2018 VII -8.20
Resident deposits (in millions of euros) 2018 VII 11320.20
Resident deposits (year-on-year; %) 2018 VII 4.10
Weighted average interest rate on euro loans to enterprises 2018 VII 2.71

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

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