Latvia GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Latvian economy expanded 0.6 percent in the second quarter of 2016, recovering from a revised 0.1 percent contraction in the previous period and better than a preliminary estimate of a 0.4 percent increase. Year-on-year, the GDP advanced 2.1 percent, the same as in the previous period and in line with preliminary estimates. Household spending went up 4 percent, boosted by a rise in income and lower prices especially for housing and transport. In contrast, government spending was flat and gross fixed capital formation shrank 26 percent, the second straight drop. It fell for equipment and machinery (-17 percent); intellectual property (-29 percent) and other buildings and structures (-33 percent). Exports increased 4 percent and imports rose 7 percent. GDP Growth Rate in Latvia averaged 0.96 percent from 1995 until 2016, reaching an all time high of 5.20 percent in the second quarter of 2001 and a record low of -6.20 percent in the second quarter of 2009. GDP Growth Rate in Latvia is reported by the Central Statistical Bureau of Latvia.

Latvia GDP Growth Rate
Receive the next reported value for Latvia GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.60 -0.10 5.20 -6.20 1995 - 2016 percent Quarterly
Latvia's GDP growth in recent years has been 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. On the expenditure side, 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. Latvia joined the Euro in 2014. This page provides - Latvia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-01 10:00 AM Q1 0.1% -0.4% -0.1% -0.1%
2016-07-29 10:00 AM Q2 0.4% 0.0% 0.3%
2016-08-31 10:00 AM Q2 0.6% -0.1% 0.4% 0.4%
2016-10-31 11:00 AM Q3 0.6% -0.06%
2016-11-30 11:00 AM Q3 0.6%
2017-01-30 11:00 AM Q4 0.16%

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 -0.10 5.20 -6.20 percent [+]
GDP Annual Growth Rate 2.10 2.10 14.10 -16.20 percent [+]
GDP 27.04 31.29 35.54 4.50 USD Billion [+]
GDP Constant Prices 5440271.00 4813450.00 6157260.00 2201093.00 EUR Thousand [+]
Gross National Product 6219.00 5599.00 6416.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 926500.00 772836.00 2402435.00 95826.00 EUR Thousand [+]
GDP per capita 14243.57 13872.21 14243.57 5127.26 USD [+]
GDP per capita PPP 22628.44 22038.47 22628.44 7796.00 USD [+]
Gdp From Agriculture 239866.00 151199.00 251462.00 75089.00 EUR Thousand [+]
Gdp From Construction 227955.00 141295.00 630928.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 693181.00 552191.00 695336.00 333666.00 EUR Thousand [+]
Gdp From Mining 176534.00 230815.00 263447.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 319144.00 241590.00 559829.00 182541.00 EUR Thousand [+]
Gdp From Services 716450.00 617644.00 841807.00 181772.00 EUR Thousand [+]
Gdp From Transport 527695.00 523354.00 592434.00 228683.00 EUR Thousand [+]




Last
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.40 Sep/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
South Africa 3.30 Jun/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Iceland 2.10 Jun/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Hong Kong 1.60 Jun/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
United States 1.40 Jun/16
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Bahrain 1.20 Jun/16
Ghana 1.10 Mar/16
Hungary 1.00 Jun/16
Israel 1.00 Jun/16
Czech Republic 0.90 Jun/16
Mauritius 0.90 Mar/16
New Zealand 0.90 Jun/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
Moldova 0.60 Jun/16
Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Denmark 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
Sweden 0.50 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Cameroon 0.30 Mar/16
Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Turkey 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Japan 0.20 Jun/16
Lithuania 0.20 Jun/16
Malta 0.20 Jun/16
Taiwan 0.15 Jun/16
Belize 0.05 Jun/16
Finland 0.00 Jun/16
Italy 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Serbia 0.00 Jun/16
Uruguay 0.00 Jun/16
France -0.10 Jun/16
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Jamaica -0.60 Mar/16
Botswana -1.30 Jun/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16