International Reserves in Latvia
Latvia - International ReservesEconomic growth sped up in annual terms in Q1 2022, as less stringent Covid-19 measures led to a strong performance from the services sector. Annual retail sales averaged markedly higher in Q1 compared to Q4, while the unemployment rate dropped to its lowest level since June 2020 in March. That said, subdued activity in the producing sectors capped the overall improvement. Moreover, price pressures have continued to build up since the outset of the year—inflation hit an over 13-year high in April—due to markedly higher food prices, and are only expected to rise further in the near term. In response, Prime Minister Krišjanis Karinš replaced both the Interior and Economics Ministers, aiming for better management of the impacts of the Russian invasion of Ukraine. Nonetheless, the move has been widely criticized as untimely due to the currently spiraling energy crisis.
Latvia - International Reserves Data
|International Reserves (EUR)||3.2||3.3||3.9||3.8||4.0|
5 years of economic forecasts for more than 30 economic indicators.
Latvia International Reserves Chart
Source: Bank of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 3, 2022
Industrial output grew 0.7% compared to the same month of the previous year in June, which was a deterioration from May's 6.4% increase.
July 8, 2022
Consumer prices rose 2.46% in June over the previous month, easing from May’s 3.91% rise.
June 3, 2022
Industrial output expanded 3.7% in year-on-year terms in April, which followed March's 6.3% increase.
May 31, 2022
A second estimate revealed that GDP growth improved to 6.7% year on year in the first quarter, from 3.1% in the fourth quarter of last year.
May 6, 2022
Industrial output rose 5.3% in year-on-year terms in May, which followed April's 3.7% increase.