Exports in Latvia

Latvia Exports | Economic News & Forecasts

Latvia - Exports

Economic growth sped up in annual terms in Q1 2022, as less stringent Covid-19 measures led to a strong performance from the services sector. Annual retail sales averaged markedly higher in Q1 compared to Q4, while the unemployment rate dropped to its lowest level since June 2020 in March. That said, subdued activity in the producing sectors capped the overall improvement. Moreover, price pressures have continued to build up since the outset of the year—inflation hit an over 13-year high in April—due to markedly higher food prices, and are only expected to rise further in the near term. In response, Prime Minister Krišjanis Karinš replaced both the Interior and Economics Ministers, aiming for better management of the impacts of the Russian invasion of Ukraine. Nonetheless, the move has been widely criticized as untimely due to the currently spiraling energy crisis.

Latvia - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)11.7  11.7  13.2  14.8  14.1  

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Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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