Key Macroeconomic Indicators

Prices and Costs

Annual inflation (%; HICP) 2020 VIII -0.4
Annual core inflation (HICP excluding unprocessed food and energy) 2020 VIII 0.7
12-month average inflation (%; HICP) 2020 VIII 0.8
Annual inflation (%; CPI) 2020 VIII -0.3

Real Sector

Nominal GDP (in millions of euros) 2020 Q2 6908 Agnese Rutkovska
Real GDP (year-on-year; %) 2020 Q2 -8.6
Working day-adjusted manufacturing output index (year-on-year; %) 2020 VIII -1.5
Retail trade turnover at constant prices (year-on-year; %) 2020 VIII 4.4

External Sector

Exports (in millions of euros) 2020 VII 1049.8
Exports (year-on-year; %) 2020 VII -0.3
Imports (in millions of euros) 2020 VII 1329.7
Imports (year-on-year; %) 2020 VII -5.9
Foreign trade surplus/deficit (in millions of euros) 2020 VII -279.9
Current account balance (in millions of euro) 2020 Q2 261 Guntis Kalniņš
Current account surplus/deficit to GDP ratio (%) 2020 Q2 3.8
Foreign direct investment in Latvia (net flows, EUR millions) 2020 Q2 148

Labour Market

Registered unemployment rate (%) 2020 VIII 8.2
Number of registered unemployed (in thousands) 2020 VIII 75.0
Job seekers rate (%) 2020 Q2 8.6 Anete Migale
Nominal gross wages and salaries (year-on-year; %) 2020 Q2 3.9 Anete Migale
Real net wages and salaries (year-on-year; %) 2020 Q2 4.3

Public Finances

Consolidated general government budget surplus/deficit (current month, in millions of euros) 2020 IX -130.0
Consolidated general government budget surplus/deficit (from the beginning of the year, in millions of euros) 2020 IX -170.1
Consolidated general government budget expenditure (from the beginning of the year; year-on-year; %) 2020 IX 8.4
General government debt (in millions of euros) 2020 IX 12916.5
General government debt (% of GDP) 2020 IX 44.2
Tax revenue (from the beginning of the year; year-on-year; %) 2020 IX -1.0

Financial and Monetary Developments

Resident deposits (in millions of euros) 2020 VIII 13601.3 Vilnis Purviņš
Resident deposits (year-on-year; %) 2020 VIII 6.6
Resident loans (in millions of euros) 2020 VIII 11403.8
Resident loans (year-on-year; %) 2020 VIII -5.3
Weighted average interest rate on euro loans to enterprises 2020 VIII 2.74

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

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