Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2019 XII 2.1
Annual core inflation (HICP excluding unprocessed food and energy) 2019 XII 1.7
12-month average inflation (%; HICP) 2019 XII 2.7
Annual inflation (%; CPI) 2019 XII 2.3

Real Sector

Nominal GDP (in millions of euros) 2019 Q3 8061 Agnese Rutkovska
Real GDP (year-on-year; %) 2019 Q3 1.9
Working day-adjusted manufacturing output index (year-on-year; %) 2019 XI -0.8
Retail trade turnover at constant prices (year-on-year; %) 2019 X -0.4

External Sector

Exports (in millions of euros) 2019 XI 1135.3
Exports (year-on-year; %) 2019 XI -6.5
Imports (in millions of euros) 2019 XI 1250.1
Imports (year-on-year; %) 2019 XI -7.8
Foreign trade surplus/deficit (in millions of euros) 2019 XI -114.8
Current account balance (in millions of euro) 2019 Q3 -296 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2019 Q3 4.9
Foreign direct investment in Latvia (net flows, EUR millions) 2019 Q3 397

Labour Market

Registered unemployment rate (%) 2019 XII 6.2
Number of registered unemployed (in thousands) 2019 XII 57.8
Job seekers rate (%) 2019 Q3 6.0 Miķelis Zondaks
Nominal gross wages and salaries (year-on-year; %) 2019 Q3 8.3 Miķelis Zondaks
Real net wages and salaries (year-on-year; %) 2019 Q3 4.7

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2019 XII -422.4
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2019 XII -117.6
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2019 XII 3.9
General government debt (in millions of euros) 2019 XII 11004.7
General government debt (% of GDP) 2019 XII 35.9
Tax revenue (from the beginning of the year; year-on-year; %) 2019 XII 4.6

Financial and Monetary Developments

Resident deposits (in millions of euros) 2019 XI 12536.4 Vilnis Purviņš
Resident deposits (year-on-year; %) 2019 XI 8.7
Resident loans (in millions of euros) 2019 XI 11956.8
Resident loans (year-on-year; %) 2019 XI 0.4
Weighted average interest rate on euro loans to enterprises 2019 XI 3.60

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

Up