Trade Balance in Latvia

Latvia Trade Balance (EUR) | Economic News & Forecasts

Latvia - Trade Balance (Euros)

Growth slumped to an over two-year low in the first quarter, on feebler domestic demand. Weaker household consumption and cooling public spending curbed total consumption growth in Q1, while fixed investment growth more than halved from the previous quarter. On a more positive note, the external sector cushioned the slowdown somewhat, largely thanks to solid goods exports growth. Turning to the second quarter, growth appears to have remained relatively soft. Economic sentiment slid to an over two-year low in May on weaker confidence in all surveyed sectors except industry. Furthermore, merchandise exports growth slowed considerably in April, suggesting that weaker demand conditions are taking its toll on the external sector.

Latvia - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)-2.6  -2.5  -2.2  -1.9  -2.5  

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Latvia Trade Balance (EUR) Chart


Latvia Trade
Note: Trade balance in (EUR bn).
Source: Bank of Latvia and FocusEconomics calculations.

Latvia Facts

ValueChangeDate
Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Jul 11
Stock Market1,0240.17 %Jul 11

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