GDP in Latvia
Latvia - GDP
Growth picks up in the fourth quarter
According to a flash estimate released by the Statistical Institute on 30 January, the economy expanded 5.0% in year-on-year terms in the fourth quarter of 2018, up slightly from the third quarter’s sturdy 4.8% increase. The booming construction sector spearheaded the expansion.
In seasonally-adjusted quarter-on-quarter terms, growth decelerated somewhat in the fourth quarter, clocking in at 1.1% compared to 1.8% in the third quarter.
Latvia GDP Forecast
The Central Bank forecasts growth of 3.5% in 2019 and 3.1% in 2020. FocusEconomics panelists expect GDP to increase 3.5% in 2019, which is up 0.1 percentage points 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||2.2||4.5|
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||1.13||0.65 %||Feb 14|
|Stock Market||981||0.17 %||Feb 14|
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February 4, 2019
According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November.
January 30, 2019
According to a flash estimate released by the Statistical Institute on 30 January, the economy expanded 5.0% in year-on-year terms in the fourth quarter of 2018, up slightly from the third quarter’s sturdy 4.8% increase.
January 16, 2019
Consumer prices fell 0.4% from the previous month in December, compared to a near-flat reading in the previous month (November: - 0.1% month-on-month).
January 3, 2019
According to Latvia’s Central Statistical Bureau, industrial output fell 0.6% in working day-adjusted year-on-year terms in November, improving somewhat from the 1.9% drop recorded in October.
December 12, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.7% month-on-month increase in October.