Latvia GDP Q3 2019


Latvia: Growth accelerates but remains weak in Q3

October 30, 2019

According to preliminary national accounts data released by Latvia’s Statistical Institute on 30 November, GDP rose 2.8% year-on-year in the third quarter. This was a notable improvement from the second quarter’s 1.8% expansion, reflecting stronger activity growth in the industrial and services sectors, but still marked the second weakest expansion in three years.

Meanwhile, in seasonally- and working-day adjusted quarter-on-quarter terms, the economy rose 0.3% in Q3, unchanged from the second quarter’s reading.

FocusEconomics panelists expect GDP to increase 2.8% in 2020, which is down 0.1 percentage points from last month’s estimate. In 2021, the economy is seen expanding 3.0%.

Author:, Economist

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Latvia GDP Chart

Latvia GDP Q3  2019

Note: Year-on year changes of GDP in %.
Source: Central Statistics Bureau and FocusEconomics Consensus Forecast.

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