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.

   
 
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Latvia GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.80 4.60 -12.00 1995 - 2014 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.

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-09 11:00 AM Latvia
GDP Growth Rate QoQ
Q3 2013 1.3% 0.04% 1.2% 0.87%
2014-02-10 11:00 AM Latvia
GDP Growth Rate QoQ Flash
Q4 2013 0.7% 1.3% 1.5%
2014-03-11 11:00 AM Latvia
GDP Growth Rate QoQ Final
Q4 2013 0.8% 1.2% (R) 0.7% 0.7%
2014-05-09 11:00 AM Latvia
GDP Growth Rate QoQ
Q1 2014 0.7% 0.8% 0.84%
2014-10-30 11:00 AM Latvia
GDP Growth Rate QoQ
Q2 2014 0.6% 0.24%


GDP Last Previous Highest Lowest Unit
GDP 28.37 28.48 33.67 4.50 USD Billion [+]
GDP Growth Rate 0.60 0.80 4.60 -12.00 Percent [+]
GDP Annual Growth Rate 2.80 3.60 13.90 -19.10 Percent [+]
GDP Constant Prices 4748314.00 5654522.00 6299392.00 3808.00 LVL THO [+]
Gross National Product 6316.00 6013.00 6316.00 607.90 LVL Million [+]
GDP per capita 8425.67 7925.53 8998.98 2152.74 USD [+]
Gross Fixed Capital Formation 808041.00 1230335.00 1346304.00 64877.00 LVL THO [+]
GDP per capita PPP 15946.28 14860.64 16268.68 5920.84 USD [+]





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