GDP in Latvia
Latvia - GDP
Economy regains traction in Q4
According to a flash estimate from the Statistical Institute released on 30 January, Latvia’s economy picked up steam in the final quarter of last year, following a brief blip in Q3 which saw the country record its slowest growth in over six years. GDP rose 2.1% in Q4 compared to the same quarter of the prior year, a substantial improvement from the 0.3% figure registered in Q3. The economy grew 0.8% quarter-on-quarter in seasonally adjusted terms in the final three months of the year, the fastest pace since June 2015.
Q4’s results were underpinned by a strong 10.0% expansion in industry, while the service sector recorded more modest 1.0% growth and the construction sector continued to decline, albeit at a reduced pace, dropping 13.0%.
The Central Bank forecasts 3.0% growth in 2017. FocusEconomics Consensus Forecast panelists expect the economy to grow 2.8% in 2017, which is down 0.1 percentage points from last month’s projection. For 2018, panelists expect the economy to expand 3.1%.
Latvia - GDP Data
|Economic Growth (GDP, annual variation in %)||6.2||4.0||3.0||2.4||2.7|
5 years of economic forecasts for more than 30 economic indicators.
Latvia GDP Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.07||0.92 %||Feb 16|
|Stock Market||749||0.46 %||Feb 16|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
January 30, 2017
According to a flash estimate from the Statistical Institute released on 30 January, Latvia’s economy picked up steam in the final quarter of last year, following a brief blip in Q3 which saw the country record its slowest growth in over six years.
January 11, 2017
Consumer prices increased 0.6% in December compared to the previous month, up from November’s 0.2% rise.
January 3, 2017
Industrial production in Latvia surged 11.0% year-on-year in November, accelerating from an already solid expansion in October when output increased 6.7%.
December 8, 2016
In November, consumer prices increased 0.2% from the previous month, which came in below October’s 0.8% increase.
December 5, 2016
Industrial production in Latvia increased 6.7% year-on-year in October, accelerating from an already healthy expansion in September, when output had increased 2.4%.