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

The Latvian economy contracted by 0.1 percent on quarter in the three months to March of 2016, following an upwardly revised 0.4 percent drop in the previous period, according to preliminary estimates. Compared to the same quarter a year earlier, the GDP advanced 1.8 percent (+2.7 percent in Q4). GDP Growth Rate in Latvia averaged 1.10 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.

Latvia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.30 4.60 -12.00 1995 - 2016 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. 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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-29 11:00 AM Q4 -0.01% 0.9% 0.9%
2016-02-29 11:00 AM Q4 -0.3% 0.9% -0.01% -0.01%
2016-04-29 10:00 AM Q1 -0.1% -0.4% 0.2%
2016-06-01 10:00 AM Q1 -0.4% -0.1% -0.1%
2016-08-31 10:00 AM Q2 0.53%
2016-09-23 10:00 AM Q2

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 -0.30 4.60 -12.00 percent [+]
GDP Annual Growth Rate 1.80 2.70 13.90 -19.10 percent [+]
GDP 31.29 30.24 33.54 4.50 USD Billion [+]
GDP Constant Prices 5756483.00 5612200.00 6143458.00 3808.00 EUR Thousand [+]
Gross National Product 6475.00 6442.00 6475.00 944.00 EUR Million [+]
Gross Fixed Capital Formation 1634.16 1656.29 2403.46 95.86 EUR THO [+]
GDP per capita 9973.57 9635.53 9973.57 2152.74 USD [+]
GDP per capita PPP 22460.44 21699.17 22460.44 7796.00 USD [+]
Gdp From Agriculture 156625.00 254704.00 254704.00 75089.00 EUR Thousand [+]
Gdp From Construction 361877.00 426827.00 630928.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 608087.00 633777.00 695336.00 333666.00 EUR Thousand [+]
Gdp From Mining 223099.00 168869.00 263447.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 435676.00 305030.00 559829.00 182541.00 EUR Thousand [+]
Gdp From Services 750541.00 810272.00 841807.00 181772.00 EUR Thousand [+]
Gdp From Transport 555514.00 564775.00 592434.00 228683.00 EUR Thousand [+]




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