Industrial production in Latvia rose 4.7 percent year-on-year in December of 2020, up from an upwardly revised 3.1 percent increase in the previous month. It was the strongest expansion in industrial activity since September of 2019, driven by manufacturing (5.1 percent vs 4.8 percent in November) and mining & quarrying (15.2 percent vs 20 percent). At the same time, output fell much less for electricity & gas supply (-0.6 percent vs 9.9 percent). In 2020, industrial activity shrank 1.7 percent compared to the same period a year earlier. source: Central Statistical Bureau of Latvia
Industrial Production in Latvia averaged 3.69 percent from 2000 until 2020, reaching an all time high of 23.20 percent in October of 2010 and a record low of -25.90 percent in March of 2009. This page provides the latest reported value for - Latvia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Industrial Production in Latvia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Latvia to stand at 2.00 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 2.00 percent in 2022 and 4.00 percent in 2023, according to our econometric models.