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

The Gross Domestic Product (GDP) in Latvia expanded 0.40 percent in the second quarter of 2016 over the previous quarter. GDP Growth Rate in Latvia averaged 1.07 percent from 1995 until 2016, 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.

Latvia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 4.60 -12.00 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-29 10:00 AM Q1 -0.1% -0.4% 0.2%
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 0.1% 0.4% 0.4%
2016-10-31 11:00 AM Q3 0.51%
2016-11-30 11:00 AM Q3

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.10 4.60 -12.00 percent [+]
GDP Annual Growth Rate 2.10 2.10 13.90 -19.10 percent [+]
GDP 27.04 31.29 35.54 4.50 USD Billion [+]
GDP Constant Prices 4822831.00 5756483.00 6143458.00 3808.00 EUR Thousand [+]
Gross National Product 5505.00 6475.00 6475.00 944.00 EUR Million [+]
Gross Fixed Capital Formation 785661.00 1634.16 785661.00 95.86 EUR THO [+]
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 150764.00 156625.00 254704.00 75089.00 EUR Thousand [+]
Gdp From Construction 145169.00 361877.00 630928.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 529824.00 608087.00 695336.00 333666.00 EUR Thousand [+]
Gdp From Mining 235940.00 223099.00 263447.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 248611.00 435676.00 559829.00 182541.00 EUR Thousand [+]
Gdp From Services 613596.00 750541.00 841807.00 181772.00 EUR Thousand [+]
Gdp From Transport 524290.00 555514.00 592434.00 228683.00 EUR Thousand [+]




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Venezuela 6.80 Dec/13
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Vietnam 5.55 Jun/16
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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
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
United States 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Greece 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Qatar -2.60 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16