Trade Balance in Latvia
Latvia - Trade Balance (Euros)While activity recovered in the third quarter, after markedly decelerating in the second quarter, the overall outturn remained subdued, with annual GDP growth marking the second weakest result in three years. Acceleration in the industrial and services sectors appears to have spearheaded the third-quarter pick-up, against the backdrop of tightening labor market conditions and easing inflationary pressures which boded well for private-sector spending in the quarter. Externally, merchandise exports recovered while good imports dived in the quarter, suggesting the external sector’s contribution to growth improved in Q3 compared to Q2. Turning to the fourth quarter, the economic sentiment indicator fell to a near three-year low in October, hinting at deteriorating momentum in the final months of 2019.
Latvia - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||-2.6||-2.5||-2.2||-1.9||-2.5|
5 years of economic forecasts for more than 30 economic indicators.
Latvia Trade Balance (EUR) Chart
Source: Bank of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.11||0.65 %||Nov 21|
|Stock Market||1,034||0.17 %||Nov 21|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 9, 2019
Consumer prices fell 0.3% from the previous month in November, swinging from October’s 0.4% month-on-month increase and marking the first contraction since July.
December 4, 2019
Industrial production jumped 7.0% in annual working-day adjusted terms in October, decelerating from September’s 7.3% jump which had marked the strongest expansion since February 2018.
November 29, 2019
GDP increased 2.9% in annual terms in the third quarter, according to a second estimate released on 29 November.
November 8, 2019
Consumer prices rose 0.4% from the previous month in October, accelerating slightly from September’s 0.1% month-on-month uptick.
November 4, 2019
Industrial production jumped 7.0% in annual working-day adjusted terms in September, accelerating from August’s 2.0% increase and marking the strongest expansion since February 2018.