Industry in Latvia

Latvia Industry | Economic News & Forecasts

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  

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Latvia Industry Chart

Latvia Industry
Note: Annual variation of industrial output in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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