Latvia GDP Growth Rate
The Gross Domestic Product (GDP) in Latvia expanded 0.60 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Latvia averaged 1.14 Percent from 1995 until 2014, reaching an all time high of 4.60 Percent in the second quarter of 1997 and a record low of -12 Percent in the first quarter of 2009. GDP Growth Rate in Latvia is reported by the Central Statistical Bureau of Latvia.
||1995 - 2014
Latvia has one of the highest GDP growth rates in Europe, mostly driven by expansion in consumption and credit. The main industries are: synthetic fibers, agricultural machinery, fertilizers, radios, electronics, pharmaceuticals, processed foods, textiles and timber. Recovery in light industry and Riga's emergence as a regional financial and commercial center in the Baltic Sea region along with European Union accession in 2004 may be the key elements in the future expansion. This page provides - Latvia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.