Latvia’s economy expanded by 6.7 percent year-on-year in the first quarter of 2022, above a preliminary estimate of 5.9 percent and faster than a downwardly revised 3.1 percent growth in the previous period. It was the fourth consecutive quarter of growth. On a seasonally adjusted quarterly basis, the GDP advanced by 3.6 percent, above an earlier reading of 2.1 percent, recovering significantly from an upwardly revised 0.2 percent decrease in the previous quarter. source: Central Statistical Bureau of Latvia
GDP Annual Growth Rate in Latvia averaged 3.82 percent from 1996 until 2022, reaching an all time high of 15.10 percent in the first quarter of 2007 and a record low of -15.60 percent in the third quarter of 2009. This page provides - Latvia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Annual Growth Rate in Latvia is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia GDP Annual Growth Rate is projected to trend around 4.60 percent in 2023 and 3.70 percent in 2024, according to our econometric models.