Trade Balance in Latvia

Latvia Trade Balance | Economic News & Forecasts

Latvia - Trade Balance

GDP growth moderated in annual terms in Q3, amid a broad-based slowdown and a less favorable base effect. Turning to the current quarter, high-frequency indicators paint an even less positive picture. Retail sales swung into contraction in October for the first time in eight months, which, coupled with November’s slightly higher unemployment rate and downbeat consumer sentiment, hints at weak private consumption in the quarter. Moreover, harmonized inflation hit its highest level since March 2009 in November, likely weighing further on private spending. Meanwhile, industrial output lost steam in October amid a fall in energy production. On a more positive note, after tougher restrictions led to a marked decline in Covid-19 cases, an uptick in the vaccination rate could help prevent an extension of the state of emergency which should end on 11 January.

Latvia - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-2.5  -2.1  -2.5  -2.7  -2.8  

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Latvia Trade Balance Chart

Latvia Trade
Note: Trade balance in (EUR bn).
Source: Bank 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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