Latvia GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The GDP in Latvia advanced 1.5 percent on quarter in the three months to March of 2017, accelerating from a 1.2 percent growth in the previous quarter. It is the highest expansion in four years, preliminary figures showed. Year-on-year, the economy grew 3.9 percent, higher than a 2.6 percent in the previous period, boosted by industry (10 percent), construction (8 percent) and services (3 percent). GDP Growth Rate in Latvia averaged 0.96 percent from 1995 until 2017, 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.

Latvia GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-30 11:00 AM Q4 0.8% 0.3% 0.6%
2017-02-28 11:00 AM Q4 1.1% 0.3% 0.8% 0.8%
2017-05-03 10:00 AM Q1 1.5% 1.2% 0.7%
2017-05-31 10:00 AM Q1 1.2% 1.5% 1.5%
2017-07-31 10:00 AM Q2 0.6%
2017-08-31 10:00 AM Q2 0.6%




Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 1.20 5.20 -6.20 percent [+]
GDP Annual Growth Rate 3.90 2.60 14.10 -16.20 percent [+]
GDP 27.00 31.32 35.60 4.50 USD Billion [+]
GDP Constant Prices 5880383.00 5612642.00 6157260.00 2201093.00 EUR Thousand [+]
Gross National Product 6789.00 6406.00 6789.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1484883.00 1189740.00 2402435.00 95826.00 EUR Thousand [+]
GDP per capita 14327.90 13832.28 14327.90 5134.62 USD [+]
GDP per capita PPP 23080.00 22282.00 23080.00 7796.00 USD [+]
Gdp From Agriculture 158566.00 249821.00 251462.00 75089.00 EUR Thousand [+]
Gdp From Construction 310614.00 323698.00 630928.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 678026.00 675139.00 695336.00 333666.00 EUR Thousand [+]
Gdp From Mining 238206.00 156310.00 263447.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 448097.00 308534.00 559829.00 182541.00 EUR Thousand [+]
Gdp From Services 767415.00 846529.00 846529.00 181772.00 EUR Thousand [+]
Gdp From Transport 541525.00 553694.00 592434.00 228683.00 EUR Thousand [+]


Latvia GDP Growth Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.20 5.20 -6.20 1995 - 2017 percent Quarterly



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
United States 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
United Kingdom 0.30 Mar/17
Italy 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16