Imports in Latvia

Latvia Imports (EUR bn, %) | Economic News & Forecasts

Latvia - Imports (percent change based on Euros)

Annual growth slumped to a near three-year low in the second quarter, seemingly driven by a marked deterioration in the external sector. Merchandise exports tumbled in the quarter, with June marking the sharpest contraction in over three years, on weakened demand among the country’s top trading partners. Moreover, domestic demand metrics remained downbeat in the second quarter: Flagging retail sales likely reflected frail consumer spending, while softer business sentiment suggests investment activity cooled over the quarter. Meanwhile, the economic sentiment indicator slipped to a 30-month low in July, pointing to further weakening in momentum at the outset of Q3. In other news, Prime Minister Krisjanis Karins announced a planned EUR 500 million increase to the country’s budget for next year, which would bring it to a record high of over EUR 10 billion.

Latvia - Imports (EUR bn, %) Data

2013  2014  2015  2016  2017  
Imports (annual variation in %)1.0  2.2  -1.5  -2.3  14.2  

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Latvia Facts

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

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