Latvia GDP Growth Rate 1995-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Latvia expanded 0.40 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Latvia averaged 1.11 percent from 1995 until 2015, 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.

      Forecast
Latvia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 4.60 -12.00 1995 - 2015 percent Quarterly
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. Content for - Latvia GDP Growth Rate - was last refreshed on Saturday, May 23, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-30 11:00 AM Q4 0.4% 0.5% 0.89%
2015-02-27 11:00 AM Q4 0.6% 0.5% 0.4% 0.4%
2015-04-30 11:00 AM Q1 0.4% 0.6% 0.5%
2015-05-29 11:00 AM Q1 0.6% 0.4%
2015-07-30 11:00 AM Q2
2015-08-31 11:00 AM Q2 0.4%

Latvia GDP Last Previous Highest Lowest Unit
GDP 30.96 28.37 33.67 4.50 USD Billion [+]
GDP Growth Rate 0.40 0.60 4.60 -12.00 percent [+]
GDP Annual Growth Rate 2.00 2.10 13.90 -19.10 percent [+]
GDP Constant Prices 5751211.00 5522575.00 6143458.00 3808.00 EUR THO [+]
Gross National Product 6384.00 6170.00 6384.00 944.00 EUR Million [+]
GDP per capita 8863.20 8425.67 8998.98 2152.74 USD [+]
Gross Fixed Capital Formation 1625.03 1615.78 2403.46 95.86 EUR THO [+]
GDP per capita PPP 21825.00 20747.00 123250.00 7796.00 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]