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, higher than a 4 percent growth in the previous period and matching preliminary figures. On a quarterly basis, the GDP expanded 1.5 percent, above 1.4 percent growth in the previous period and in line with preliminary estimates. Output expansion was boosted 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). 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
2017-08-31 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 5.8% 4% 5.8% 5.8%
2018-01-30 11:00 AM GDP Growth Rate YoY Flash 5.8%
2018-02-28 11:00 AM GDP Growth Rate YoY Final
2018-05-03 10:00 AM GDP Growth Rate YoY 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 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 December 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
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17