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

The Latvian economy advanced 1.5 percent on quarter in the three months to September of 2017, above 1.4 percent growth in the previous period and in line with preliminary estimates. The expansion was supported by construction (6.8 percent vs 5.1 percent in Q2); internal trade (1.1 percent vs 0.5 percent); transport (2.3 percent vs 0.9 percent); real estate (1.6 percent vs 1.2 percent) and arts, entertainment and recreation (2 percent vs 1.3 percent). Meanwhile, slower growth was reported for manufacturing (0.3 percent vs 1.6 percent); mining, electricity and water supply (1.5 percent vs 4.4 percent); information and communication (0.3 percent vs 1.4 percent). In contrast, the contraction was reported for: finance and insurance (-2.6 percent vs 1.5 percent); accommodation and food services (-0.1 percent vs 3.7 percent) and agriculture (-1.5 percent vs 1.3 percent). GDP Growth Rate in Latvia averaged 0.98 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
2017-08-31 10:00 AM GDP Growth Rate QoQ Final 1.2% 1.7% 1.3% 1.3%
2017-10-30 11:00 AM GDP Growth Rate QoQ Flash 1.5% 1.4% 0.8%
2017-11-30 11:00 AM GDP Growth Rate QoQ Final 1.5% 1.7% 1.5% 1.5%
2018-01-30 11:00 AM GDP Growth Rate QoQ Flash 1.5%
2018-02-28 11:00 AM GDP Growth Rate QoQ Final
2018-05-03 10:00 AM GDP Growth Rate QoQ Flash


Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.50 1.40 5.20 -6.20 percent [+]
GDP Annual Growth Rate 5.80 4.00 14.10 -16.10 percent [+]
GDP 27.68 27.03 35.60 4.50 USD Billion [+]
GDP Constant Prices 5961319.00 5691418.00 6180093.00 2207929.00 EUR Thousand [+]
Gross National Product 7045.00 6722.00 7045.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1554072.00 1278006.00 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 273556.00 252880.00 273556.00 75089.00 EUR Thousand [+]
Gdp From Construction 402107.00 265125.00 631870.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 692525.00 728373.00 728373.00 333666.00 EUR Thousand [+]
Gdp From Mining 163728.00 196558.00 263523.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 315302.00 333383.00 559872.00 182541.00 EUR Thousand [+]
Gdp From Services 918082.00 744739.00 918082.00 181772.00 EUR Thousand [+]
Gdp From Transport 552777.00 543814.00 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.40 5.20 -6.20 1995 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17