GDP in Latvia
Latvia - GDP
Growth slumps to nearly three-year low in Q2
Economic momentum weakened further in the second quarter, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 July. Annual growth decelerated to 2.1% in Q2, from 3.0% in Q1, marking the weakest expansion since Q3 2016. The result reflected slowing industrial output growth which was partly cushioned by a healthy expansion in the services sector.
Meanwhile, in seasonally- and working-day adjusted quarter-on-quarter terms, the economy rose 0.8% in Q2, rebounding from a mild 0.1% dip in Q1 which had marked the first contraction in output in over three years.
The Central Bank forecasts growth of 3.5% in 2019 and 3.1% in 2020. FocusEconomics panelists, meanwhile, expect GDP to increase 3.4% in 2019, which is unchanged from last month’s forecast, and 3.2% in 2020.
Latvia - GDP Data
|Economic Growth (GDP, annual variation in %)||2.4||1.9||3.0||2.1||4.6|
5 years of economic forecasts for more than 30 economic indicators.
Latvia GDP Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||1,039||0.17 %||Jul 31|
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August 12, 2019
Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.
August 5, 2019
Industrial production rose 4.4% in annual working-day adjusted terms in June, up from a 1.7% year-on-year increase in May.
July 30, 2019
Economic momentum weakened further in the second quarter, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 July.
July 15, 2019
Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase.
July 4, 2019
Industrial output rose 1.7% in working day-adjusted year-on-year terms in May, contrasting April’s 2.4% contraction.