Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2020 VI -1.1 Oļegs Krasnopjorovs Andrejs Bessonovs
Annual core inflation (HICP excluding unprocessed food and energy) 2020 VI -0.1
12-month average inflation (%; HICP) 2020 VI 1.5
Annual inflation (%; CPI) 2020 VI -0.7

Real Sector

Nominal GDP (in millions of euros) 2020 Q1 6751 Agnese Rutkovska
Real GDP (year-on-year; %) 2020 Q1 -1.5
Working day-adjusted manufacturing output index (year-on-year; %) 2020 V -7.4 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2020 VI 4.6

External Sector

Exports (in millions of euros) 2020 IV 927.7
Exports (year-on-year; %) 2020 IV -13.9
Imports (in millions of euros) 2020 IV 992.4
Imports (year-on-year; %) 2020 IV -27.4
Foreign trade surplus/deficit (in millions of euros) 2020 IV -64.7
Current account balance (in millions of euro) 2020 Q1 374 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2020 Q1 5.5
Foreign direct investment in Latvia (net flows, EUR millions) 2020 Q1 148

Labour Market

Registered unemployment rate (%) 2020 IV 8 Anete Migale
Number of registered unemployed (in thousands) 2020 IV 72.9
Job seekers rate (%) 2020 Q1 7.4
Nominal gross wages and salaries (year-on-year; %) 2020 Q1 6.6 Anete Migale
Real net wages and salaries (year-on-year; %) 2020 Q1 4.3

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2020 III -144.3
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2020 III 71.3
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2020 III 7.8
General government debt (in millions of euros) 2020 III 10486.7
General government debt (% of GDP) 2020 III 35.9
Tax revenue (from the beginning of the year; year-on-year; %) 2020 III 5.7

Financial and Monetary Developments

Resident deposits (in millions of euros) 2020 VI 13413.6
Resident deposits (year-on-year; %) 2020 VI 10.1
Resident loans (in millions of euros) 2020 VI 11371.8
Resident loans (year-on-year; %) 2020 VI -5.1
Weighted average interest rate on euro loans to enterprises 2020 VI 2.76

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

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