Trade Balance in Latvia

Latvia Trade Balance (EUR) | Economic News & Forecasts

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

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

Bond Yield0.550.0 %Jun 30
Exchange Rate1.110.65 %Nov 21
Stock Market1,0340.17 %Nov 21

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