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

The Gross Domestic Product (GDP) in Latvia expanded 3 percent in the fourth quarter of 2015 over the same quarter of the previous year, slowing from a 3.3 percent growth in the previous quarter, preliminary estimates showed. GDP Annual Growth Rate in Latvia averaged 4.38 percent from 1996 until 2015, 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
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.30 13.90 -19.10 1996 - 2015 percent Quarterly
Latvia's economy experienced GDP growth of more than 10 percent per year during 2006-07, but entered a severe recession in 2008 as a result of an unsustainable current account deficit of 20.7 percent of GDP and large debt exposure amid the softening world economy. Triggered by the collapse of the second largest bank, GDP contracted by 14.3 percent in 2009 and the economy has not returned to pre-crisis levels despite solid growth since 2011. 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-30 11:00 AM Q3 2.5% 2.7% 2.5%
2015-11-30 11:00 AM Q3 3.3% 2.7% 2.5% 2.5%
2016-01-29 11:00 AM Q4 3.0% 3.3% 3.1%
2016-02-29 11:00 AM Q4 3.3% 3.0% 3.0%
2016-04-29 10:00 AM Q1 3.23%
2016-05-31 10:00 AM Q1

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.01 1.00 4.60 -12.00 percent [+]
GDP Annual Growth Rate 3.00 3.30 13.90 -19.10 percent [+]
GDP 31.29 30.24 33.54 4.50 USD Billion [+]
GDP Constant Prices 5604999.00 5468312.00 6143458.00 3808.00 EUR THO [+]
Gross National Product 6442.00 6159.00 6442.00 944.00 EUR Million [+]
Gross Fixed Capital Formation 1662.08 1323.49 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 [+]




Last
South Sudan 15.90 Dec/14
Sierra Leone 13.80 Dec/14
Chad 11.20 Dec/14
Ethiopia 10.30 Dec/13
Ivory Coast 10.00 Sep/15
Palestine 9.60 Sep/15
Congo 9.50 Dec/14
Myanmar 8.70 Dec/14
Maldives 8.50 Dec/14
Papua New Guinea 8.40 Dec/14
Uzbekistan 8.00 Sep/15
Togo 7.60 Sep/15
Laos 7.40 Dec/14
India 7.30 Dec/15
Monaco 7.20 Dec/14
Dominican Republic 7.10 Sep/15
East Timor 7.10 Dec/14
Zambia 7.10 Dec/14
Vietnam 7.01 Dec/15
Cambodia 7.00 Dec/14
Ireland 7.00 Sep/15
Mauritania 6.90 Dec/14
China 6.80 Dec/15
Liechtenstein 6.70 Dec/13
Turkmenistan 6.70 Dec/15
Afghanistan 6.40 Dec/14
Tanzania 6.30 Sep/15
Bangladesh 6.12 Dec/14
Rwanda 6.10 Sep/15
Malawi 6.00 Dec/14
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Mozambique 5.90 Sep/15
Kenya 5.80 Sep/15
Philippines 5.80 Dec/15
Senegal 5.80 Sep/15
Cameroon 5.70 Jun/15
Panama 5.60 Sep/15
Djibouti 5.50 Dec/14
Nepal 5.48 Dec/14
Luxembourg 5.40 Sep/15
Malta 5.40 Sep/15
Benin 5.10 Sep/15
Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
Uganda 4.90 Sep/15
Sri Lanka 4.82 Sep/15
Niger 4.80 Sep/15
Sao Tome and Principe 4.80 Dec/14
Angola 4.70 Dec/14
Czech Republic 4.70 Sep/15
Malaysia 4.70 Sep/15
Morocco 4.70 Dec/15
Nicaragua 4.70 Sep/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Guinea Bissau 4.50 Sep/15
Lesotho 4.40 Dec/14
Mali 4.30 Sep/15
Burkina Faso 4.20 Sep/15
Fiji 4.20 Dec/14
Guinea 4.20 Dec/14
Montenegro 4.20 Sep/15
Pakistan 4.14 Dec/14
Algeria 4.00 Dec/14
Bhutan 4.00 Dec/14
Cuba 4.00 Dec/15
Turkey 4.00 Sep/15
Zimbabwe 4.00 Dec/14
Sweden 3.90 Sep/15
Qatar 3.80 Sep/15
Slovakia 3.70 Sep/15
Ghana 3.60 Sep/15
Guyana 3.60 Dec/14
Poland 3.60 Dec/15
Romania 3.60 Sep/15
Saudi Arabia 3.60 Sep/15
Guatemala 3.50 Jun/15
Kyrgyzstan 3.50 Dec/15
Macedonia 3.50 Sep/15
Namibia 3.50 Sep/15
Spain 3.50 Dec/15
Kosovo 3.40 Jun/15
Mauritius 3.40 Sep/15
Suriname 3.40 Dec/14
Armenia 3.30 Sep/15
Colombia 3.20 Sep/15
Madagascar 3.20 Dec/14
Bosnia and Herzegovina 3.10 Sep/15
Honduras 3.10 Dec/14
Comoros 3.00 Dec/15
Costa Rica 3.00 Sep/15
Latvia 3.00 Dec/15
Norway 3.00 Sep/15
South Korea 3.00 Dec/15
Albania 2.98 Sep/15
Bulgaria 2.90 Sep/15
Georgia 2.90 Dec/15
Peru 2.90 Sep/15
Thailand 2.90 Sep/15
Nigeria 2.84 Sep/15
Croatia 2.80 Sep/15
Haiti 2.80 Dec/14
Seychelles 2.80 Dec/14
Sudan 2.70 Dec/14
El Salvador 2.60 Sep/15
Iceland 2.60 Sep/15
Jordan 2.60 Sep/15
Mongolia 2.60 Sep/15
Somalia 2.60 Dec/14
Israel 2.52 Sep/15
Australia 2.50 Sep/15
Mexico 2.50 Dec/15
Slovenia 2.50 Sep/15
Swaziland 2.50 Dec/14
Bahrain 2.40 Sep/15
Hungary 2.40 Sep/15
Argentina 2.30 Jun/15
Hong Kong 2.30 Sep/15
New Zealand 2.30 Sep/15
Chile 2.20 Sep/15
Cyprus 2.20 Sep/15
Lebanon 2.00 Dec/14
Lithuania 2.00 Dec/15
Paraguay 2.00 Sep/15
Singapore 2.00 Dec/15
Brunei 1.90 Sep/15
Eritrea 1.90 Dec/14
European Union 1.90 Sep/15
Netherlands 1.90 Sep/15
United Kingdom 1.90 Dec/15
United States 1.80 Dec/15
Germany 1.70 Dec/15
Cayman Islands 1.60 Jun/15
Euro Area 1.60 Sep/15
Japan 1.60 Sep/15
France 1.50 Dec/15
Jamaica 1.50 Sep/15
Cape Verde 1.40 Sep/15
Portugal 1.40 Sep/15
Belgium 1.30 Dec/15
Serbia 1.30 Dec/15
Canada 1.20 Sep/15
Kazakhstan 1.20 Dec/15
Austria 1.10 Dec/15
Azerbaijan 1.00 Dec/15
Central African Republic 1.00 Dec/14
Ecuador 1.00 Jun/15
North Korea 1.00 Dec/14
South Africa 1.00 Sep/15
Bahamas 0.93 Dec/14
Italy 0.80 Sep/15
Switzerland 0.80 Sep/15
Estonia 0.70 Dec/15
Liberia 0.70 Dec/14
Iran 0.60 Mar/15
Uruguay 0.56 Sep/15
Denmark 0.50 Sep/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Tunisia -0.10 Sep/15
Finland -0.20 Sep/15
Yemen -0.20 Dec/14
Taiwan -0.28 Dec/15
Greece -0.90 Sep/15
Puerto Rico -0.90 Dec/14
Belize -1.00 Sep/15
Gambia -1.40 Dec/14
Kuwait -1.60 Dec/14
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Botswana -3.50 Sep/15
Moldova -3.70 Sep/15
Russia -3.80 Dec/15
Belarus -3.90 Jan/16
Brazil -4.50 Sep/15
Venezuela -7.10 Sep/15
Burundi -7.20 Dec/15
Ukraine -7.20 Sep/15
Libya -21.80 Dec/14
Macau -24.20 Sep/15