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

The Gross Domestic Product (GDP) in Latvia expanded 2.70 percent in the fourth quarter of 2015 over the same quarter of the previous year. 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
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Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.50 13.90 -19.10 1996 - 2015 percent Quarterly
NSA
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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 2.7% 3.5% 3.0% 3.0%
2016-04-29 10:00 AM Q1 2.7% 2.51%
2016-05-31 10:00 AM Q1 2.7%
2016-08-31 10:00 AM Q2 2.72%

Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 0.90 4.60 -12.00 percent [+]
GDP Annual Growth Rate 2.70 3.50 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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South Sudan 15.90 Dec/14
Ethiopia 10.20 Dec/14
Ivory Coast 9.80 Dec/15
Congo 9.50 Dec/14
Ireland 9.20 Dec/15
Papua New Guinea 9.00 Dec/15
Myanmar 8.70 Dec/14
Uzbekistan 7.50 Mar/16
India 7.30 Dec/15
Chad 7.20 Dec/14
Monaco 7.20 Dec/14
East Timor 7.10 Dec/14
Rwanda 7.10 Dec/15
Tanzania 7.10 Dec/15
Bangladesh 7.05 Dec/16
Cameroon 7.00 Sep/15
Laos 7.00 Dec/15
Senegal 7.00 Dec/15
Cambodia 6.90 Dec/15
China 6.70 Mar/16
Turkmenistan 6.70 Dec/15
Uganda 6.68 Dec/15
Nicaragua 6.60 Dec/15
Sierra Leone 6.57 Dec/14
Mauritania 6.40 Dec/14
Dominican Republic 6.10 Dec/15
Palestine 6.10 Dec/15
Republic of the Congo 6.00 Dec/14
Tajikistan 6.00 Dec/15
Togo 6.00 Dec/15
Kenya 5.80 Sep/15
Philippines 5.80 Dec/15
Benin 5.70 Dec/15
Malta 5.70 Dec/15
Turkey 5.70 Dec/15
Mozambique 5.60 Dec/15
Bhutan 5.50 Dec/14
Djibouti 5.50 Dec/14
Vietnam 5.46 Mar/16
Panama 5.30 Dec/15
Gabon 5.10 Dec/14
Indonesia 5.04 Dec/15
Bolivia 5.01 Jun/15
Guinea Bissau 5.00 Dec/15
Zambia 5.00 Dec/15
Angola 4.90 Dec/15
Central African Republic 4.90 Dec/15
Ghana 4.90 Dec/15
Niger 4.90 Dec/15
Maldives 4.80 Dec/15
Sao Tome and Principe 4.80 Dec/14
Burundi 4.70 Dec/14
Mali 4.70 Dec/15
Morocco 4.70 Dec/15
Peru 4.70 Dec/15
Oman 4.60 Dec/14
United Arab Emirates 4.60 Dec/14
Egypt 4.50 Jun/15
Malaysia 4.50 Dec/15
Sweden 4.50 Dec/15
Lesotho 4.40 Dec/14
Poland 4.30 Dec/15
Seychelles 4.30 Dec/15
Slovakia 4.30 Dec/15
Pakistan 4.24 Dec/15
Burkina Faso 4.20 Dec/15
Guinea 4.20 Dec/14
Cuba 4.00 Dec/15
Czech Republic 4.00 Dec/15
Fiji 4.00 Dec/15
Kosovo 4.00 Sep/15
Qatar 4.00 Dec/15
Zimbabwe 4.00 Dec/14
Algeria 3.90 Dec/15
Guatemala 3.90 Sep/15
Macedonia 3.90 Dec/15
Romania 3.70 Dec/15
Honduras 3.60 Dec/15
Mauritius 3.60 Dec/15
Saudi Arabia 3.60 Sep/15
Namibia 3.50 Sep/15
Spain 3.50 Dec/15
Nepal 3.40 Dec/15
Suriname 3.40 Dec/14
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
Slovenia 3.30 Dec/15
Cape Verde 3.20 Dec/15
Hungary 3.20 Dec/15
Iceland 3.20 Dec/15
Madagascar 3.20 Dec/14
Australia 3.00 Dec/15
Bulgaria 3.00 Dec/15
Comoros 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Malawi 3.00 Dec/15
Georgia 2.90 Dec/15
Bahrain 2.80 Dec/15
Thailand 2.80 Dec/15
Cyprus 2.70 Dec/15
Latvia 2.70 Dec/15
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Sep/15
Somalia 2.60 Dec/14
Mexico 2.50 Dec/15
Sri Lanka 2.50 Dec/15
Swaziland 2.50 Dec/14
Mongolia 2.30 Dec/15
New Zealand 2.30 Dec/15
Israel 2.20 Dec/15
Albania 2.15 Dec/15
Nigeria 2.11 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Germany 2.10 Dec/15
United Kingdom 2.10 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Eritrea 1.90 Dec/14
Hong Kong 1.90 Dec/15
Lithuania 1.90 Dec/15
European Union 1.80 Dec/15
Singapore 1.80 Mar/16
Haiti 1.70 Dec/15
Euro Area 1.60 Dec/15
Netherlands 1.60 Dec/15
Belgium 1.50 Mar/16
Jamaica 1.50 Sep/15
France 1.40 Dec/15
Montenegro 1.40 Dec/15
Chile 1.30 Dec/15
Portugal 1.30 Dec/15
Bahamas 1.20 Dec/15
Serbia 1.20 Dec/15
Austria 1.10 Dec/15
Paraguay 1.10 Dec/15
Italy 1.00 Dec/15
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Argentina 0.90 Dec/15
Estonia 0.70 Dec/15
Japan 0.70 Dec/15
Belize 0.60 Dec/15
Finland 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Tunisia 0.30 Dec/15
Barbados 0.20 Dec/14
Norway 0.10 Dec/15
Uruguay -0.10 Dec/15
Kazakhstan -0.20 Mar/16
Brunei -0.50 Dec/15
Greece -0.70 Dec/15
Liechtenstein -0.80 Dec/14
Taiwan -0.84 Mar/16
Ecuador -0.90 Dec/15
Puerto Rico -0.90 Dec/14
Gambia -1.40 Dec/14
Ukraine -1.40 Dec/15
Kuwait -1.60 Dec/14
Botswana -1.90 Dec/15
Trinidad and Tobago -2.00 Sep/15
Equatorial Guinea -2.10 Dec/14
Syria -2.30 Dec/11
Iraq -2.40 Dec/14
Moldova -3.30 Dec/15
Azerbaijan -3.50 Mar/16
Belarus -3.60 Mar/16
Russia -3.80 Dec/15
Kyrgyzstan -4.90 Mar/16
Brazil -5.90 Dec/15
Venezuela -7.10 Sep/15
Macau -14.40 Dec/15
Libya -21.80 Dec/14
Yemen -28.10 Dec/15