Lavia's GDP shrank 2.9 percent on quarter in the three months to March 2020, following a 0.1 percent growth in the previous period. It was the sharpest contraction since the third quarter of 2009.
GDP Growth Rate in Latvia averaged 0.92 percent from 1995 until 2020, reaching an all time high of 6.50 percent in the fourth quarter of 1996 and a record low of -5.70 percent in the second quarter of 2009. This page provides - Latvia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Central Statistical Bureau of Latvia
GDP Growth Rate in Latvia is expected to be -9.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Latvia to stand at 1.80 in 12 months time. In the long-term, the Latvia GDP Growth Rate is projected to trend around 0.80 percent in 2021 and 0.90 percent in 2022, according to our econometric models.