Latvia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Latvia expanded 3 percent in the first quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Latvia averaged 4.19 percent from 1996 until 2019, reaching an all time high of 13.90 percent in the first quarter of 2007 and a record low of -16.20 percent in the third quarter of 2009.

GDP Annual Growth Rate in Latvia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Latvia to stand at 2.50 in 12 months time. In the long-term, the Latvia GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2019-01-30	11:00 AM	GDP Growth Rate YoY Flash Q4	5%	4.8%	2.7%
2019-02-28	11:00 AM	GDP Growth Rate YoY Final Q4	5.1%	4.5%	5%
2019-04-30	10:00 AM	GDP Growth Rate YoY Flash Q1	2.8%	5.1%	3.1%
2019-05-31	10:00 AM	GDP Growth Rate YoY Final Q1	3%	5.1%	2.8%
2019-07-30	10:00 AM	GDP Growth Rate YoY Flash Q2		3%	2.9%
2019-08-30	10:00 AM	GDP Growth Rate YoY Final Q2			2.9%
2019-10-30	11:00 AM	GDP Growth Rate YoY Flash Q3			2.5%

Latvia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-0.10	0.90	6.40	-6.10	percent	[+]
GDP Annual Growth Rate	3.00	5.10	13.90	-16.20	percent	[+]
GDP	34.85	30.46	35.60	4.50	USD Billion	[+]
GDP Constant Prices	5380515.00	6434145.00	6434145.00	2207929.00	EUR Thousand	[+]
Gross National Product	7073.00	7961.00	7961.00	945.00	EUR Million	[+]
Gross Fixed Capital Formation	1302986.00	2099775.00	2402613.00	95826.00	EUR Thousand	[+]
GDP per capita	16405.70	15532.20	16405.70	5140.53	USD	[+]
GDP per capita PPP	26437.43	25029.79	26437.43	7796.00	USD	[+]
GDP From Agriculture	163881.00	165923.00	287649.00	75089.00	EUR Thousand	[+]
GDP From Construction	231614.00	471337.00	631870.00	92342.00	EUR Thousand	[+]
GDP From Manufacturing	602035.00	702591.00	711150.00	333666.00	EUR Thousand	[+]
GDP From Mining	215398.00	205889.00	253926.00	96547.00	EUR Thousand	[+]
GDP From Public Administration	265080.00	475098.00	559872.00	182541.00	EUR Thousand	[+]
GDP From Services	729173.00	879201.00	913275.00	181772.00	EUR Thousand	[+]
GDP From Transport	569936.00	592774.00	641059.00	228683.00	EUR Thousand	[+]

In Latvia, household consumption is the main component of GDP and accounts for 61 percent of its total use, followed by gross fixed capital formation (23 percent) and government expenditure (18 percent). Exports of goods and services account for 59 percent while imports account for 62 percent, subtracting 3 percent of total GDP. This page provides - Latvia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3.00	5.10	13.90	-16.20	1996 - 2019	percent	Quarterly	NSA

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
South Korea	1.70	Mar/19	2.9	20.8 : -7.3	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
France	1.20	Mar/19	1.2	12.6 : -3.8	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Japan	0.90	Mar/19	0.3	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Italy	-0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%