Key Macroeconomic Indicators
Prices and Costs
| Annual inflation (%; HICP) | 2020 VIII | -0.4 |
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| Annual core inflation (HICP excluding unprocessed food and energy) | 2020 VIII | 0.7 |
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| 12-month average inflation (%; HICP) | 2020 VIII | 0.8 |
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| Annual inflation (%; CPI) | 2020 VIII | -0.3 |
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Real Sector
| Nominal GDP (in millions of euros) | 2020 Q2 | 6908 |
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| Real GDP (year-on-year; %) | 2020 Q2 | -8.6 |
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| Working day-adjusted manufacturing output index (year-on-year; %) | 2020 VIII | -1.5 |
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| Retail trade turnover at constant prices (year-on-year; %) | 2020 VIII | 4.4 |
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External Sector
| Exports (in millions of euros) | 2020 VII | 1049.8 |
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| Exports (year-on-year; %) | 2020 VII | -0.3 |
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| Imports (in millions of euros) | 2020 VII | 1329.7 |
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| Imports (year-on-year; %) | 2020 VII | -5.9 |
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| Foreign trade surplus/deficit (in millions of euros) | 2020 VII | -279.9 |
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| Current account balance (in millions of euro) | 2020 Q2 | 261 |
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| Current account surplus/deficit to GDP ratio (%) | 2020 Q2 | 3.8 |
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| Foreign direct investment in Latvia (net flows, EUR millions) | 2020 Q2 | 148 |
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Labour Market
| Registered unemployment rate (%) | 2020 VIII | 8.2 |
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| Number of registered unemployed (in thousands) | 2020 VIII | 75.0 |
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| Job seekers rate (%) | 2020 Q2 | 8.6 |
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| Nominal gross wages and salaries (year-on-year; %) | 2020 Q2 | 3.9 |
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| Real net wages and salaries (year-on-year; %) | 2020 Q2 | 4.3 |
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Public Finances
Financial and Monetary Developments
| Resident deposits (in millions of euros) | 2020 VIII | 13601.3 |
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| Resident deposits (year-on-year; %) | 2020 VIII | 6.6 |
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| Resident loans (in millions of euros) | 2020 VIII | 11403.8 |
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| Resident loans (year-on-year; %) | 2020 VIII | -5.3 |
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| Weighted average interest rate on euro loans to enterprises | 2020 VIII | 2.74 |
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Sources: State Treasury of Latvia, Central Statistical Bureau, Latvijas Banka