GDP in Latvia

Latvia GDP | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)2.4  1.9  3.0  2.2  4.5  

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Latvia GDP Chart


Latvia GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

ValueChangeDate
Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Feb 14
Stock Market9810.17 %Feb 14

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