Latvia's retail trade soared 15.6 percent from a year earlier in March 2021, following a 3.2 percent rise in the previous month. It was the highest gain in retail trade since June of 2007, as food, beverages & tobacco rebounded (6.9 percent vs -0.8 percent). In addition, sales advanced for both automative fuel (10.5 percent vs 1.2 percent) and non-food product sales (25.9 percent vs 9.1 percent in March), namely information & communication technology (57.1 percent vs -8.1 percent), clothing, footwear & leather goods (45.9 percent vs 33.5 percent), electrical household appliances (24.3 percent vs -1.3 percent), cosmetic and toilet articles (24.8 percent vs 1.6 percent), and retail sale via mail order houses or via internet ( 8.5 percent vs -12.6 percent). On a seasonally adjusted monthly basis, retail sales rose by 3.9 percent, compared to 6.9 percent in March. source: Central Statistical Bureau of Latvia

Retail Sales YoY in Latvia averaged 5.36 percent from 1999 until 2021, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.40 percent in December of 2009. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Retail Sales YoY in Latvia is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Latvia to stand at 3.30 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 3.30 percent in 2022 and 4.20 percent in 2023, according to our econometric models.

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Latvia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
15.60 3.20 60.60 -28.40 1999 - 2021 percent Monthly
Constant Prices, WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-26 11:00 AM Jan -8.9% -4.4% -5%
2021-03-29 10:00 AM Feb -8.5% -9.5% -4.8%
2021-04-28 10:00 AM Mar 3.2% -8.5% -2.3%
2021-05-28 10:00 AM Apr 15.6% 3.2% 9.2%
2021-06-29 10:00 AM May 15.6%
2021-07-29 10:00 AM Jun
2021-08-27 10:00 AM Jul
2021-09-29 10:00 AM Aug


News Stream
Latvia Retail Sales Jump in April
Latvia's retail trade soared 15.6 percent from a year earlier in March 2021, following a 3.2 percent rise in the previous month. It was the highest gain in retail trade since June of 2007, as food, beverages & tobacco rebounded (6.9 percent vs -0.8 percent). In addition, sales advanced for both automative fuel (10.5 percent vs 1.2 percent) and non-food product sales (25.9 percent vs 9.1 percent in March), namely information & communication technology (57.1 percent vs -8.1 percent), clothing, footwear & leather goods (45.9 percent vs 33.5 percent), electrical household appliances (24.3 percent vs -1.3 percent), cosmetic and toilet articles (24.8 percent vs 1.6 percent), and retail sale via mail order houses or via internet ( 8.5 percent vs -12.6 percent). On a seasonally adjusted monthly basis, retail sales rose by 3.9 percent, compared to 6.9 percent in March.
2021-05-28
Latvia Retail Sales Continue to Contract in February
Latvia's retail trade slumped 8.5 percent from a year earlier in February 2021, following a revised 9.5 percent tumble in the previous month, which was the largest decline since February 2010. There were decreases in sales of cultural and recreation goods, other household equipment, information and communication equipment, food, beverages and tobacco, and other goods. In addition, trade not in stores, stalls or markets continued to fall, despite a sharp increase in on-line trade. On a monthly basis, retail sales rose 4.4 percent in February, partially recovering from a 5.2 percent slump in January.
2021-03-29
Retail Sales in Latvia Fall the Most in 9 Months
Retail sales in Latvia sank 8.9 percent year-on-year in January of 2021, the biggest decrease since April of 2020, due to the coronavirus lockdown. Main decreases were seen in sales of clothing, footwear and leather goods (-64 percent); retail sale in non-specialised stores selling mainly non-food products (-41.8 percent) and cultural and recreation goods (-29.2 percent). On a seasonally adjusted monthly basis, retail sales fell 4.9 percent, following a 5.7 decrease in December.
2021-02-26
Latvia Retail Sales Hit 8-Month Low
Retail sales in Latvia plunged 4.4 percent year-on-year in December of 2020, the lowest turnover since April, relapsing from an upwardly revised 1.6 percent increase in the previous month. Retail sales were down in non-food products (-13.1 percent vs -3.8 percent in November), particularly clothing, footwear and leather goods (-40.2 percent vs -27.4 percent) and retail sales in stalls or markets (-28.5 percent vs -26 percent). In addition, sales advanced primarily for food, beverages & tobacco (3.4 percent vs 2.9 percent) and automotive fuel (6.1 percent vs 13.3 percent). On a seasonally adjusted monthly basis, retail sales fell 5.7 percent, following 1.2 percent decrease in November. In 2020, the total turnover of retail trade increased 1.5 percent.
2021-01-29

Latvia Retail Sales YoY
In Latvia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.