Key Macroeconomic Indicators
Prices and Costs
| Annual inflation (%; HICP) | 2019 II | 2.8 |
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| Annual core inflation (HICP excluding unprocessed food and energy) | 2019 II | 2.3 |
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| 12-month average inflation (%; HICP) | 2019 II | 2.7 |
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| Annual inflation (%; CPI) | 2019 II | 2.9 |
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Real Sector
| Nominal GDP (in millions of euros) | 2018 Q4 | 7981 |
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| Real GDP (year-on-year; %) | 2018 Q4 | 5.6 |
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| Working day-adjusted manufacturing output index (year-on-year; %) | 2019 I | 3.6 |
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| Retail trade turnover at constant prices (year-on-year; %) | 2019 I | 1.2 |
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External Sector
| Exports (in millions of euros) | 2019 I | 962.5 |
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| Exports (year-on-year; %) | 2019 I | -0.6 |
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| Imports (in millions of euros) | 2019 I | 1106.7 |
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| Imports (year-on-year; %) | 2019 I | 0.3 |
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| Foreign trade surplus/deficit (in millions of euros) | 2019 I | -144.2 |
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| Current account balance (in millions of euro) | 2018 Q4 | -76 |
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| Foreign direct investment in Latvia (net flows, % of GDP) | 2018 Q4 | 4.8 |
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| Foreign direct investment in Latvia (net flows, EUR millions) | 2018 Q4 | 380 |
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Labour Market
| Registered unemployment rate (%) | 2019 II | 6.7 |
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| Number of registered unemployed (in thousands) | 2019 II | 62.5 |
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| Job seekers rate (%) | 2018 Q4 | 6.9 |
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| Nominal gross wages and salaries (year-on-year; %) | 2018 Q4 | 8.3 |
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| Real net wages and salaries (year-on-year; %) | 2018 Q4 | 6.6 |
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Public Finances
Financial and Monetary Developments
| Resident deposits (in millions of euros) | 2019 I | 12137.9 |
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| Resident deposits (year-on-year; %) | 2019 I | 6.0 |
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| Resident loans (in millions of euros) | 2019 I | 11922.0 |
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| Resident loans (year-on-year; %) | 2019 I | -3.7 |
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| Weighted average interest rate on euro loans to enterprises | 2019 I | 2.42 |
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Sources: State Treasury of Latvia, Central Statistical Bureau, Latvijas Banka