Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2019 IX 2.3 Oļegs Krasnopjorovs Andrejs Bessonovs
Annual core inflation (HICP excluding unprocessed food and energy) 2019 IX 2.0
12-month average inflation (%; HICP) 2019 IX 3.0
Annual inflation (%; CPI) 2019 IX 2.6

Real Sector

Nominal GDP (in millions of euros) 2019 Q2 7738 Agnese Rutkovska
Real GDP (year-on-year; %) 2019 Q3 1.8 Daina Paula
Working day-adjusted manufacturing output index (year-on-year; %) 2019 IX 3.1 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2019 IX -0.4 Daina Paula

External Sector

Exports (in millions of euros) 2019 VIII 1097.7
Exports (year-on-year; %) 2019 VIII -2.1
Imports (in millions of euros) 2019 VIII 1275.2
Imports (year-on-year; %) 2019 VIII -15.1
Foreign trade surplus/deficit (in millions of euros) 2019 VIII -177.6
Current account balance (in millions of euro) 2019 Q2 -97 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2019 Q2 -0.8
Foreign direct investment in Latvia (net flows, EUR millions) 2019 Q2 -62

Labour Market

Registered unemployment rate (%) 2019 IX 5.7
Number of registered unemployed (in thousands) 2019 IX 52.6
Job seekers rate (%) 2019 Q2 6.4 Miķelis Zondaks
Nominal gross wages and salaries (year-on-year; %) 2019 Q2 7.8
Real net wages and salaries (year-on-year; %) 2019 Q2 4.2

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2019 IX -75.2
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2019 IX 521.6
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2019 IX 5.7
General government debt (in millions of euros) 2019 IX 10987.4
General government debt (% of GDP) 2019 IX 34.8
Tax revenue (from the beginning of the year; year-on-year; %) 2019 IX 3.2

Financial and Monetary Developments

Resident deposits (in millions of euros) 2019 IX 12373.4 Vilnis Purviņš
Resident deposits (year-on-year; %) 2019 IX 9.7
Resident loans (in millions of euros) 2019 IX 12037.3
Resident loans (year-on-year; %) 2019 IX 1.7
Weighted average interest rate on euro loans to enterprises 2019 IX 2.74

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

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