Latvia GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The Latvian gross domestic product expanded by 0.8 percent on quarter in the three months to June of 2018 compared to a downwardly revised 1.5 percent growth in the previous period, the preliminary estimate showed. Year-on-year, the economy advanced 5.1 percent in the second quarter of 2018, following a downwardly revised 4.0 percent expansion in the first quarter. Positive contributions to growth came from industrial production, construction and retail sales. GDP Growth Rate in Latvia averaged 0.98 percent from 1995 until 2018, reaching an all time high of 5.20 percent in the second quarter of 2001 and a record low of -6.30 percent in the second quarter of 2009.

Latvia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-02 10:00 AM GDP Growth Rate QoQ Flash 1.7% 0.4% 0.5%
2018-05-31 10:00 AM GDP Growth Rate QoQ Final 1.6% 0.4% 1.7% 1.7%
2018-07-30 10:00 AM GDP Growth Rate QoQ Flash 0.8% 1.5% 0.8%
2018-08-31 10:00 AM GDP Growth Rate QoQ Final 1.5% 0.8%
2018-10-30 11:00 AM GDP Growth Rate QoQ Flash 0.8%
2018-11-30 11:00 AM GDP Growth Rate QoQ Final


Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.50 5.20 -6.30 percent [+]
GDP Annual Growth Rate 5.10 4.00 14.10 -16.10 percent [+]
GDP 30.26 27.57 35.60 4.50 USD Billion [+]
GDP Constant Prices 5222004.00 6118213.00 6180093.00 2207929.00 EUR Thousand [+]
Gross National Product 6537.00 7144.00 7144.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1103106.00 1609233.00 2402613.00 95826.00 EUR Thousand [+]
GDP per capita 15553.33 14733.84 15553.33 5140.53 USD [+]
GDP per capita PPP 25063.85 23743.26 25063.85 7796.00 USD [+]
Gdp From Agriculture 180654.00 171991.00 273556.00 75089.00 EUR Thousand [+]
Gdp From Construction 207224.00 373509.00 631870.00 92342.00 EUR Thousand [+]
Gdp From Manufacturing 589203.00 696872.00 728373.00 333666.00 EUR Thousand [+]
Gdp From Mining 232153.00 208545.00 263523.00 96547.00 EUR Thousand [+]
Gdp From Public Administration 253995.00 452779.00 559872.00 182541.00 EUR Thousand [+]
Gdp From Services 695256.00 869222.00 918082.00 181772.00 EUR Thousand [+]
Gdp From Transport 530926.00 522863.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.50 5.20 -6.30 1995 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.10 Jun/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 1.00 Mar/18
Russia 0.85 Mar/18
Netherlands 0.70 Jun/18
South Korea 0.70 Jun/18
Spain 0.60 Jun/18
Switzerland 0.60 Mar/18
Germany 0.50 Jun/18
Japan 0.50 Jun/18
Brazil 0.40 Mar/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Canada 0.30 Mar/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Mexico -0.10 Jun/18


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