External Debt in Latvia

Latvia External Debt | Economic News & Forecasts

Latvia - External Debt

Momentum appears to have remained muted in the third quarter, after faltering investment activity and a deteriorating external backdrop led growth to a near three-year low in the second quarter. Industrial production lost traction in July–August on tumbling mining and quarrying output, and near-stagnant manufacturing sector activity. On a more positive note, consumer demand appears to have held up in July–August, reflected by stronger retail sales growth amid a falling unemployment rate. Externally, merchandise exports dipped in August, suggesting that July’s rebound was likely just a one-off. Meanwhile, economic sentiment, on average, remained broadly stable from the previous quarter in Q3. In other news, on 20 September, Fitch Ratings affirmed the country’s A credit rating with a stable outlook, largely thanks to expected policy continuity and a narrowing fiscal deficit.

Latvia - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)134  143  144  149  141  

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Latvia External Debt Chart

Latvia External Debt
Note: External debt as % of GDP.
Source: Bank of Latvia and FocusEconomics calculations.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.100.65 %Sep 04
Stock Market1,0250.17 %Sep 04

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