Latvia skyline

Latvia Government Consumption (ann. var. %)

Government Consumption in Latvia

GDP growth slows in the first quarter of 2023

GDP growth slowed to 0.7% year on year in the first quarter of 2023 from 1.2% in the previous quarter, according to preliminary national accounts data released by the Statistical Institute on 27 April. Meanwhile, GDP expanded 0.5% in seasonally adjusted quarter-on-quarter terms in Q1, following the 1.2% reading clocked in the previous period.

The first quarter’s moderation was caused by reduced activity in producing sectors, while services grew 0.4%.

More detailed data will be released on 31 May.

Latvia Government Consumption Chart

This chart displays Government Consumption (ann. var. %) for Latvia from 2013 to 2022.

Latvia Government Consumption Data

2017 2018 2019 2020 2021
Government Consumption (ann. var. %) 3.3 1.7 3.9 2.4 4.4

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