Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; CPI) 2018 VI 2.80 Kristofers Pone
12-month average inflation (%; CPI) 2018 VI 2.50
Annual core inflation (%; CPI) 2018 VI 0.60
Annual inflation (%; HICP) 2018 VI 2.70
Annual core inflation (HICP excluding unprocessed food and energy) 2018 VI 1.70
12-month average inflation (%; HICP) 2018 VI 2.50

Real Sector

Nominal GDP (in millions of euros) 2018 Q1 6315.12 Daina Paula
Real GDP (year-on-year; %) 2018 Q1 5.10
Working day-adjusted manufacturing output index (year-on-year; %) 2018 V 2.90
Retail trade turnover at constant prices (year-on-year; %) 2018 IV 3.10

External Sector

Exports (in millions of euros) 2018 IV 985.90 Daina Pelēce
Exports (year-on-year; %) 2018 IV 15.30
Imports (in millions of euros) 2018 IV 1144.60
Imports (year-on-year; %) 2018 IV 11.00
Foreign trade surplus/deficit (in millions of euros) 2018 IV -158.60
Current account balance (in millions of euro) 2018 Q1 216.00 Linda Vecgaile
Foreign direct investment in Latvia (net flows, % of GDP) 2018 Q1 2.50
Foreign direct investment in Latvia (net flows, EUR millions) 2018 Q1 157.00

Labour Market

Registered unemployment rate (%) 2018 VI 6.40
Number of registered unemployed (in thousands) 2018 VI 59.12
Job seekers rate (%) 2018 Q1 8.20 Oļegs Krasnopjorovs
Nominal gross wages and salaries (year-on-year; %) 2018 Q1 8.60
Real net wages and salaries (year-on-year; %) 2018 Q1 8.00

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2018 VI -29.30
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2018 VI 477.70
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2018 VI 7.40
General government debt (in millions of euros) 2018 VI 9914.70
General government debt (% of GDP) 2018 VI 34.50
Tax revenue (from the beginning of the year; year-on-year; %) 2018 VI 9.70

Financial and Monetary Developments

Resident loans (in millions of euros) 2018 V 12314.50 Vilnis Purviņš
Resident loans (year-on-year; %) 2018 V -3.10
Resident deposits (in millions of euros) 2018 V 11303.30
Resident deposits (year-on-year; %) 2018 V 4.10
Weighted average interest rate on euro loans to enterprises 2018 V 2.99

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

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