Exports in Latvia
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 |
Latvia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jun 30 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Latvia: Economics growth accelerates in Q1
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.
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Latvia: Inflation comes in at highest level since November 2008 in March
April 8, 2022
Consumer prices rose 3.37% in March over the previous month, accelerating from the 1.63% increase logged in February.
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Latvia: Inflation comes in at highest level since February 2009 in February
March 8, 2022
Consumer prices increased 1.63% over the previous month in February, after January's flat result.
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Latvia: Industrial output growth eases in January
March 7, 2022
Industrial output increased 5.9% year-on-year in January (December: +7.1% yoy).
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Latvia: GDP records weakest reading since Q1 2021 in Q4
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.
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