Latvia GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Latvian economy advanced 5.8 percent year-on-year in the third quarter of 2017, accelerating from a 4 percent growth in the previous period, preliminary figures showed. It was the strongest output expansion since the first quarter of 2012, driven by increases in industry (8 percent); construction (23 percent) and services (4 percent), including retail sales (5 percent). On a seasonally adjusted basis, the GDP expanded 1.5 percent, compared to an upwardly revised 1.4 percent rise in the previous quarter. GDP Annual Growth Rate in Latvia averaged 4.19 percent from 1996 until 2017, reaching an all time high of 14.10 percent in the first quarter of 2007 and a record low of -16.10 percent in the third quarter of 2009.

Latvia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-31 10:00 AM GDP Growth Rate YoY Flash 4.1% 4% 3.8%
2017-08-31 10:00 AM GDP Growth Rate YoY Final 4% 4% 4.1% 4.1%
2017-10-30 11:00 AM GDP Growth Rate YoY Flash 5.8% 4% 4.2%
2017-11-30 11:00 AM GDP Growth Rate YoY Final 4% 5.8% 5.8%


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 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 Annual Growth Rate

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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.80 4.00 14.10 -16.10 1996 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17