Exports in Latvia

Latvia Exports | Economic News & Forecasts

Latvia - Exports

A preliminary estimate revealed that GDP growth accelerated in annual terms at the outset of the year. Less restrictive Covid-19 measures led to a strong performance from the services sector. Despite rising price pressures in the quarter, retail sales averaged markedly higher in January–February in annual terms compared to Q4 2021, while unemployment dropped to its lowest level since June 2020 in March. That said, the subdued activity in the producing sectors capped the overall improvement. Turning to this quarter, the war in Ukraine prompted the Baltic states to stop importing Russian gas from 1 April, as retaliation against the Kremlin. The conflict is spurring inflation and is expected to weigh on economic activity. On a more positive note, the European Commission announced a EUR 114 million investment in the country’s transportation system, boding well for the economy ahead.

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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