Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2020 IV -0.1
Annual core inflation (HICP excluding unprocessed food and energy) 2020 IV 1.0
12-month average inflation (%; HICP) 2020 IV 2.3
Annual inflation (%; CPI) 2020 IV 0.0

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; %) 2020 III 3.6
Retail trade turnover at constant prices (year-on-year; %) 2020 III -1.8

External Sector

Exports (in millions of euros) 2020 III 1098.4 Kristofers Pone
Exports (year-on-year; %) 2020 III -0.7
Imports (in millions of euros) 2020 III 1318.7
Imports (year-on-year; %) 2020 III -8.4
Foreign trade surplus/deficit (in millions of euros) 2020 III -220.2
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 IV 8 Anete Migale
Number of registered unemployed (in thousands) 2020 IV 72.9
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 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 III 13307.3
Resident deposits (year-on-year; %) 2020 III 8.7
Resident loans (in millions of euros) 2020 III 11435.4
Resident loans (year-on-year; %) 2020 III -3.7
Weighted average interest rate on euro loans to enterprises 2020 III 3.00

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

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