Exports in Latvia
Latvia - ExportsA 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
|Exports (USD billion)||11.7||11.7||13.2||14.8||14.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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April 28, 2022
GDP expanded 5.9% on an annual basis in the first quarter of 2021, according to preliminary national accounts data released by the Statistical Institute on 28 April.
April 8, 2022
Consumer prices rose 3.37% in March over the previous month, accelerating from the 1.63% increase logged in February.
March 8, 2022
Consumer prices increased 1.63% over the previous month in February, after January's flat result.
March 7, 2022
Industrial output increased 5.9% year-on-year in January (December: +7.1% yoy).
February 28, 2022
GDP growth lost steam in the fourth quarter, falling to 3.5% year-on-year from 5.0% in the third quarter.