Latvia GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Latvia expanded 2.10 percent in the fourth quarter of 2016 following a 0.3 percent growth in the previous period, driven by manufacturing (10 percent) and services (1 percent). Meanwhile, construction fell 13 percent. GDP Annual Growth Rate in Latvia averaged 4.15 percent from 1996 until 2016, reaching an all time high of 14.10 percent in the first quarter of 2007 and a record low of -16.20 percent in the third quarter of 2009.

Latvia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-31 11:00 AM Q3 0.8% 2.0% 2.3%
2016-12-01 11:00 AM Q3 0.3% 0.8%
2017-01-30 11:00 AM Q4 2.1% 0.3% 1.1%
2017-03-24 11:00 AM Q4 2.1% 1.1%
2017-05-31 10:00 AM Q1 1.2%
2017-06-22 10:00 AM Q1 1.2%




Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.30 5.20 -6.20 percent [+]
GDP Annual Growth Rate 2.10 0.30 14.10 -16.20 percent [+]
GDP 27.00 31.32 35.60 4.50 USD Billion [+]
GDP Constant Prices 5612642.00 5440271.00 6157260.00 2201093.00 EUR Thousand [+]
Gross National Product 6406.00 6219.00 6416.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1189740.00 926500.00 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 249821.00 239866.00 251462.00 75089.00 EUR Thousand [+]
Gdp From Construction 323698.00 227955.00 630928.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 675139.00 693181.00 695336.00 333666.00 EUR Thousand [+]
Gdp From Mining 156310.00 176534.00 263447.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 308534.00 319144.00 559829.00 182541.00 EUR Thousand [+]
Gdp From Services 846529.00 716450.00 846529.00 181772.00 EUR Thousand [+]
Gdp From Transport 553694.00 527695.00 592434.00 228683.00 EUR Thousand [+]



Latvia GDP Annual Growth Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 0.30 14.10 -16.20 1996 - 2016 percent Quarterly
NSA



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