Industry in Latvia

Latvia - Industry
Industrial output growth eases in January
Industrial output increased 5.9% year-on-year in January (December: +7.1% yoy). The figure was driven by a drop in electricity and gas supply output. However, manufacturing production gained steam.
On a seasonally-adjusted monthly basis, industrial production fell 0.7% in January (December: +3.3% mom). Meanwhile, annual average industrial production growth rose to 6.7% in January (December: +6.5%).
FocusEconomics panelists expect industrial production to rise 3.9% in 2022, which is up 0.2 percentage points from last month’s projection, and 3.4% in 2023.
Latvia - Industry Data
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Industrial Production (annual variation in %) | 3.6 | 5.4 | 8.3 | 1.5 | 1.0 |
Latvia Industry Chart

Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
Latvia Facts
Value | Change | Date | |
---|---|---|---|
Bond Yield | 0.55 | 0.0 % | Jun 30 |
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Latvia: Economics growth accelerates in Q1
April 28, 2022
GDP expanded 5.9% on an annual basis in the first quarter of 2021, according to preliminary national accounts data released by the Statistical Institute on 28 April.
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Latvia: Inflation comes in at highest level since November 2008 in March
April 8, 2022
Consumer prices rose 3.37% in March over the previous month, accelerating from the 1.63% increase logged in February.
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Latvia: Inflation comes in at highest level since February 2009 in February
March 8, 2022
Consumer prices increased 1.63% over the previous month in February, after January's flat result.
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Latvia: Industrial output growth eases in January
March 7, 2022
Industrial output increased 5.9% year-on-year in January (December: +7.1% yoy).
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Latvia: GDP records weakest reading since Q1 2021 in Q4
February 28, 2022
GDP growth lost steam in the fourth quarter, falling to 3.5% year-on-year from 5.0% in the third quarter.