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.

Latvia GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus 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 [+]


Latvia GDP Annual Growth Rate

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




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


Related

Latest