Latvia GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The Latvian economy grew 1.2 percent on the quarter in the three months to June of 2017, following an upwardly revised 1.7 percent expansion in the previous period, the final figures showed. It is the smallest quarterly growth since the third quarter of 2016. Year-on-year, the GDP grew 4 percent. GDP Growth Rate in Latvia averaged 0.97 percent from 1995 until 2017, reaching an all time high of 5.20 percent in the second quarter of 2001 and a record low of -6.20 percent in the second quarter of 2009.

Latvia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-05-31 10:00 AM GDP Growth Rate QoQ Final 1.6% 1.2% 1.5% 1.5%
2017-07-31 10:00 AM GDP Growth Rate QoQ Flash 1.3% 1.6% 0.8%
2017-08-31 10:00 AM GDP Growth Rate QoQ Final 1.2% 1.7% 1.3% 1.3%
2017-10-30 10:00 AM GDP Growth Rate QoQ Flash 1.2% 0.8%
2017-11-30 11:00 AM GDP Growth Rate QoQ Final 0.8%


Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 1.70 5.20 -6.20 percent [+]
GDP Annual Growth Rate 4.00 4.00 14.10 -16.10 percent [+]
GDP 27.68 27.03 35.60 4.50 USD Billion [+]
GDP Constant Prices 5673529.00 5018214.00 6162735.00 2201093.00 EUR Thousand [+]
Gross National Product 6722.00 6125.00 6789.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1302666.00 846592.00 2402613.00 95826.00 EUR Thousand [+]
GDP per capita 14714.67 14308.34 14714.67 5132.95 USD [+]
GDP per capita PPP 23712.09 23057.31 23712.09 7796.00 USD [+]
Gdp From Agriculture 252880.00 156617.00 260541.00 75089.00 EUR Thousand [+]
Gdp From Construction 265125.00 153707.00 631870.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 728373.00 595106.00 728373.00 333666.00 EUR Thousand [+]
Gdp From Mining 196558.00 253352.00 263523.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 333383.00 249171.00 559872.00 182541.00 EUR Thousand [+]
Gdp From Services 744739.00 654013.00 851941.00 181772.00 EUR Thousand [+]
Gdp From Transport 543814.00 572685.00 592489.00 228683.00 EUR Thousand [+]


Latvia GDP Growth Rate

Latvia's GDP growth in recent years has been mostly driven by expansion in consumption and credit. The main industries are: synthetic fibers, agricultural machinery, fertilizers, radios, electronics, pharmaceuticals, processed foods, textiles and timber. 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.70 5.20 -6.20 1995 - 2017 percent Quarterly




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15