Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2018 IX 3.3 Oļegs Krasnopjorovs
Annual core inflation (HICP excluding unprocessed food and energy) 2018 IX 2.2
12-month average inflation (%; HICP) 2018 IX 2.5
Annual inflation (%; CPI) 2018 X 3.2

Real Sector

Nominal GDP (in millions of euros) 2018 Q2 7279.1
Real GDP (year-on-year; %) 2018 Q3 5.5 Līva Zorgenfreija
Working day-adjusted manufacturing output index (year-on-year; %) 2018 IX 2 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2018 IX 3.5

External Sector

Exports (in millions of euros) 2018 IX 1034.5
Exports (year-on-year; %) 2018 IX -1
Imports (in millions of euros) 2018 IX 1383.6
Imports (year-on-year; %) 2018 IX 10.3
Foreign trade surplus/deficit (in millions of euros) 2018 IX -349.1
Current account balance (in millions of euro) 2018 Q2 35 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2018 Q2 0.4
Foreign direct investment in Latvia (net flows, EUR millions) 2018 Q2 23

Labour Market

Registered unemployment rate (%) 2018 X 6.1
Number of registered unemployed (in thousands) 2018 X 56.7
Job seekers rate (%) 2018 Q3 7
Nominal gross wages and salaries (year-on-year; %) 2018 Q2 8.4 Ieva Opmane
Real net wages and salaries (year-on-year; %) 2018 Q2 7.4

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2018 IX -32.6
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2018 IX 691.3
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2018 IX 10.3
General government debt (in millions of euros) 2018 IX 10234.8
General government debt (% of GDP) 2018 IX 35.6
Tax revenue (from the beginning of the year; year-on-year; %) 2018 IX 8.7

Financial and Monetary Developments

Resident deposits (in millions of euros) 2018 IX 11277.3 Vilnis Purviņš
Resident deposits (year-on-year; %) 2018 IX 4.4
Resident loans (in millions of euros) 2018 IX 11840.3
Resident loans (year-on-year; %) 2018 IX -3.3
Weighted average interest rate on euro loans to enterprises 2018 IX 3.08

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

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