Latvia Consumer Spending  Forecast


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Consumer Spending in Latvia is expected to be 3557150.88 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Latvia to stand at 3599217.52 in 12 months time. In the long-term, the Latvia Consumer Spending is projected to trend around 3533954.95 EUR Thousand in 2020, according to our econometric models.


Latvia Consumer Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence -7.7 -8.7 -9.57 -10.42 -11.19 -16.09
Retail Sales MoM -0.6 0.38 0.4 0.37 0.37 0.37
Retail Sales YoY 4.9 6.71 7.35 7.77 8.06 8.71
Consumer Spending 3695749 3557151 3463327 3562291 3599218 3533955
Personal Savings -2.19 -0.47 -0.15 0.17 0.49 0.72
Consumer Credit 509 512 513 513 513 508
Bank Lending Rate 3.59 3.78 3.83 3.9 3.96 4.4
Economic Optimism Index 107 107 107 106 106 103
Gasoline Prices 1.28 1.39 1.41 1.41 1.4 1.33
Households Debt To Income 37.56 34.99 34.75 34.51 34.27 35.98