Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2020 II 2.3
Annual core inflation (HICP excluding unprocessed food and energy) 2020 II 2.0
12-month average inflation (%; HICP) 2020 II 2.6
Annual inflation (%; CPI) 2020 II 2.3

Real Sector

Nominal GDP (in millions of euros) 2019 Q4 8020 Agnese Rutkovska
Real GDP (year-on-year; %) 2019 Q4 1.0
Working day-adjusted manufacturing output index (year-on-year; %) 2019 XII -1.9 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2020 I 2.6

External Sector

Exports (in millions of euros) 2020 I 1073.4
Exports (year-on-year; %) 2020 I 7.2
Imports (in millions of euros) 2020 I 1166.4
Imports (year-on-year; %) 2020 I 1.5
Foreign trade surplus/deficit (in millions of euros) 2020 I -93
Current account balance (in millions of euro) 2019 Q4 -28 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2019 Q4 2.5
Foreign direct investment in Latvia (net flows, EUR millions) 2019 Q4 198

Labour Market

Registered unemployment rate (%) 2020 II 6.3
Number of registered unemployed (in thousands) 2020 II 58.2
Job seekers rate (%) 2019 Q4 6.0 Miķelis Zondaks
Nominal gross wages and salaries (year-on-year; %) 2019 Q4 6.9 Miķelis Zondaks
Real net wages and salaries (year-on-year; %) 2019 Q4 4.2

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2020 I 111.9
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2020 I 111.9
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2020 I 9.5
General government debt (in millions of euros) 2020 I 10381.9
General government debt (% of GDP) 2020 I 32.1
Tax revenue (from the beginning of the year; year-on-year; %) 2020 I 12.8

Financial and Monetary Developments

Resident deposits (in millions of euros) 2020 II 12927.6 Vilnis Purviņš
Resident deposits (year-on-year; %) 2020 II 6.4
Resident loans (in millions of euros) 2020 II 11487.5
Resident loans (year-on-year; %) 2020 II -3.2
Weighted average interest rate on euro loans to enterprises 2020 II 2.92

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

Up