Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2019 IV 3.3
Annual core inflation (HICP excluding unprocessed food and energy) 2019 IV 2.3
12-month average inflation (%; HICP) 2019 IV 2.9
Annual inflation (%; CPI) 2019 IV 3.4

Real Sector

Nominal GDP (in millions of euros) 2018 Q4 7981
Real GDP (year-on-year; %) 2019 Q1 3.0 Daina Paula
Working day-adjusted manufacturing output index (year-on-year; %) 2019 III 4.7 Agnese Rutkovska
Retail trade turnover at constant prices (year-on-year; %) 2019 III 4.3

External Sector

Exports (in millions of euros) 2019 III 1091.3
Exports (year-on-year; %) 2019 III 12.0
Imports (in millions of euros) 2019 III 1364.6
Imports (year-on-year; %) 2019 III 11.4
Foreign trade surplus/deficit (in millions of euros) 2019 III -273.3
Current account balance (in millions of euro) 2018 Q4 -76 Kristofers Pone
Foreign direct investment in Latvia (net flows, % of GDP) 2018 Q4 4.8
Foreign direct investment in Latvia (net flows, EUR millions) 2018 Q4 380

Labour Market

Registered unemployment rate (%) 2019 IV 6.3
Number of registered unemployed (in thousands) 2019 IV 58.2
Job seekers rate (%) 2018 Q4 6.9 Ieva Opmane
Nominal gross wages and salaries (year-on-year; %) 2018 Q4 8.3 Anete Migale
Real net wages and salaries (year-on-year; %) 2018 Q4 6.6

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2019 III -81.8
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2019 III 200.7
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2019 III 9.1
General government debt (in millions of euros) 2019 III 10805.8
General government debt (% of GDP) 2019 III 34.9
Tax revenue (from the beginning of the year; year-on-year; %) 2019 III 3.2

Financial and Monetary Developments

Resident deposits (in millions of euros) 2019 III 12247.6 Vilnis Purviņš
Resident deposits (year-on-year; %) 2019 III 7.8
Resident loans (in millions of euros) 2019 III 11879.1
Resident loans (year-on-year; %) 2019 III -4.0
Weighted average interest rate on euro loans to enterprises 2019 III 2.79

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

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