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

Latvia's economy advanced 1.1 percent on the quarter in the three months to December of 2016, accelerating from a 0.3 percent expansion in the previous period and higher than preliminary estimates of 0.8 percent growth. It is the highest growth since second quarter of 2015. Year-on-year, the economy advanced 2.6 percent after growing 0.5 percent in the previous period, mainly driven by manufacturing (12.5 percent from 12.4 percent in Q3) and financial and insurance activities (5.5 percent from 4.3 percent in Q3). Considering 2016, the Latvian economy expanded 2 percent after growing 2.7 percent in 2015. GDP Growth Rate in Latvia averaged 0.96 percent from 1995 until 2016, 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)
2016-12-01 11:00 AM Q3 0.2% 0.6% 0.5% 0.5%
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%
2017-05-31 10:00 AM Q1 1.1% 0.7%
2017-06-22 10:00 AM Q1 0.7%
2017-08-31 10:00 AM Q2 0.6%




Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.30 5.20 -6.20 percent [+]
GDP Annual Growth Rate 2.60 0.50 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 14321.26 13832.28 14321.26 5134.62 USD [+]
GDP per capita PPP 22759.12 21982.04 22759.12 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.30 5.20 -6.20 1995 - 2016 percent Quarterly



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