Latvia GDP Annual Growth Rate  1996-2016 | Data | Chart | Calendar

The Latvian economy expanded 2.1 percent year-on-year in the first quarter of 2016, slowing from a 2.7 percent growth in the previous period but above preliminary estimates of a 1.8 percent increase. Yet, it is the lowest expansion in a year as gross fixed capital formation slumped 16 percent. In contrast, private spending increased 4 percent and government expenditure rose by 2 percent. Exports decreased by 3 percent while imports grew 5 percent. GDP Annual Growth Rate in Latvia averaged 4.35 percent from 1996 until 2016, reaching an all time high of 13.90 percent in the first quarter of 1996 and a record low of -19.10 percent in the third quarter of 2009. GDP Annual Growth Rate in Latvia is reported by the Central Statistical Bureau of Latvia.

Latvia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.70 13.90 -19.10 1996 - 2016 percent Quarterly
NSA
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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 11:00 AM Q4 2.7% 3.5% 3.0% 3.0%
2016-04-29 10:00 AM Q1 1.8% 2.7% 2.51%
2016-06-01 10:00 AM Q1 2.1% 2.7% 1.8% 1.8%
2016-07-29 10:00 AM Q2 2.1% 2.2%
2016-08-31 10:00 AM Q2 2.1%
2016-10-31 11:00 AM Q3 2.5%

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.40 4.60 -12.00 percent [+]
GDP Annual Growth Rate 2.10 2.70 13.90 -19.10 percent [+]
GDP 31.29 30.24 33.54 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 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 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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Ivory Coast 10.30 Dec/15
Ethiopia 9.60 Dec/15
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
India 7.90 Mar/16
Congo 7.70 Dec/15
Uzbekistan 7.50 Mar/16
Rwanda 7.30 Mar/16
Monaco 7.20 Dec/14
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Cambodia 6.90 Dec/15
Philippines 6.90 Mar/16
China 6.70 Mar/16
Djibouti 6.70 Dec/15
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Tajikistan 6.50 Mar/16
Senegal 6.40 Mar/16
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Togo 6.00 Dec/15
Bolivia 5.95 Dec/15
Benin 5.70 Dec/15
Chad 5.60 Dec/15
Kenya 5.60 Dec/15
Vietnam 5.55 Jun/16
Bhutan 5.50 Dec/15
Sri Lanka 5.50 Mar/16
Mozambique 5.30 Mar/16
Sao Tome and Principe 5.30 Dec/15
Malta 5.20 Mar/16
Guinea Bissau 5.00 Dec/15
Kosovo 5.00 Dec/15
Zambia 5.00 Dec/15
Indonesia 4.92 Mar/16
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Mar/16
Niger 4.90 Dec/15
Sudan 4.90 Dec/15
Turkey 4.80 Mar/16
Gambia 4.70 Dec/15
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Panama 4.60 Mar/16
Bahrain 4.50 Mar/16
Armenia 4.40 Mar/16
Luxembourg 4.40 Mar/16
Peru 4.40 Mar/16
Cuba 4.30 Dec/15
East Timor 4.30 Dec/15
Romania 4.30 Mar/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Gabon 4.20 Dec/15
Iceland 4.20 Mar/16
Malaysia 4.20 Mar/16
Sweden 4.20 Mar/16
Guatemala 4.10 Dec/15
Fiji 4.00 Dec/15
Qatar 4.00 Dec/15
Algeria 3.90 Dec/15
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Dec/15
Namibia 3.50 Mar/16
Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Slovakia 3.40 Mar/16
Spain 3.40 Mar/16
Costa Rica 3.30 Dec/15
Cape Verde 3.20 Dec/15
Comoros 3.20 Dec/15
Thailand 3.20 Mar/16
Australia 3.10 Mar/16
Mauritania 3.10 Dec/15
Mongolia 3.10 Mar/16
Czech Republic 3.00 Mar/16
Guyana 3.00 Dec/15
Madagascar 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
New Zealand 2.80 Mar/16
South Korea 2.80 Mar/16
Croatia 2.70 Mar/16
Cyprus 2.70 Mar/16
Cameroon 2.60 Dec/15
El Salvador 2.60 Dec/15
Georgia 2.60 Mar/16
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Colombia 2.50 Mar/16
Lithuania 2.50 Mar/16
Slovenia 2.50 Mar/16
Iraq 2.40 Dec/15
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Latvia 2.10 Mar/16
United States 2.10 Mar/16
Chile 2.00 Mar/16
Macedonia 2.00 Mar/16
United Kingdom 2.00 Mar/16
Cayman Islands 1.90 Sep/15
European Union 1.80 Mar/16
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
Euro Area 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Swaziland 1.70 Dec/15
Austria 1.60 Mar/16
Finland 1.60 Mar/16
Belgium 1.50 Mar/16
Netherlands 1.50 Mar/16
Paraguay 1.50 Mar/16
Zimbabwe 1.50 Dec/15
Montenegro 1.40 Dec/15
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Republic of the Congo 1.20 Dec/15
Canada 1.10 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Hungary 0.90 Mar/16
Portugal 0.90 Mar/16
Hong Kong 0.80 Mar/16
Moldova 0.80 Mar/16
Nepal 0.77 Dec/15
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Switzerland 0.70 Mar/16
Belize 0.60 Dec/15
Denmark 0.60 Mar/16
Iran 0.60 Mar/15
Argentina 0.49 Mar/16
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Suriname 0.20 Dec/15
Guinea 0.10 Dec/15
Japan 0.10 Mar/16
Ukraine 0.10 Mar/16
Kazakhstan -0.20 Mar/16
South Africa -0.20 Mar/16
Nigeria -0.40 Mar/16
Brunei -0.50 Dec/15
Uruguay -0.50 Mar/16
Puerto Rico -0.60 Dec/15
Taiwan -0.68 Mar/16
Liechtenstein -0.80 Dec/14
Ecuador -0.90 Dec/15
Russia -1.20 Mar/16
Greece -1.30 Mar/16
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Syria -2.30 Dec/11
Trinidad and Tobago -3.00 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Burundi -4.10 Dec/15
Kyrgyzstan -4.90 Mar/16
South Sudan -5.30 Dec/15
Brazil -5.40 Mar/16
Libya -6.00 Dec/15
Venezuela -7.10 Sep/15
Equatorial Guinea -10.60 Dec/15
Macau -13.30 Mar/16
Oman -14.10 Dec/15
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15