Fixed Investment in Latvia
Latvia recorded an average fixed investment growth rate of 1.2% in the decade leading to 2022, below the 2.2% average for the Euro Area. In 2022, fixed investment growth was 0.6%. For more investment information, visit our dedicated page.
Latvia Investment Chart
Latvia Investment Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Fixed Investment (ann. var. %) | 11.7 | 1.5 | -2.2 | 7.2 | 0.6 |
GDP drops at a slower pace in Q4
GDP fell at a softer pace of 0.5% year on year in the fourth quarter, following the 0.7% decline posted in the third quarter. On a seasonally adjusted quarter-on-quarter basis, economic activity growth strengthened to 0.4% in Q4, up from the 0.2% rise logged in Q3. Q4’s reading marked the best result since Q4 2022.
According to preliminary estimates, the fourth quarter’s smaller contraction stemmed from a rebound in the producing sectors of the economy, which mitigated weaker services sector activity. Meanwhile, the external sector likely remained in the doldrums in Q4: The downturn in goods exports eased only slightly in October–November compared to Q3.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian investment projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable investment forecast available for Latvian investment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian investment projections.
Want to get access to the full dataset of Latvian investment forecasts? Send an email to info@focus-economics.com.
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