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

The Latvian economy advanced 4 percent year-on-year in the second quarter of 2017, the same pace as in the previous period and lower than preliminary estimates of 4.1 percent growth, final figures showed. Growth was mainly boosted by construction (15.9 percent vs 8.4 percent in Q1); public administration (4.4 percent vs 3.1 percent); information and communication (5.4 percent vs -0.1 percent); accommodation and food services (7.1 percent vs 4.2 percent); manufacturing (7.1 percent vs 10.3 percent) and wholesale and retail trade (3.1 percent vs 5 percent). Also, agriculture rose significantly (6.6 percent vs 2.5 percent). In contrast, output contracted for finance and insurance (-8.6 percent vs -10.7 percent) and real estate activities (-0.2 percent vs 0.4 percent). On a seasonally adjusted basis, the GDP expanded 1.2 percent, following an upwardly revised 1.7 percent growth in the first quarter of the year. GDP Annual Growth Rate in Latvia averaged 4.16 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2017-05-31 10:00 AM GDP Growth Rate YoY Final 4% 2.6% 3.9% 3.9%
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 4% 3.6%
2017-11-30 11:00 AM GDP Growth Rate YoY Final 3.6%


Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 1.70 5.20 -6.20 percent [+]
GDP Annual Growth Rate 4.00 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 October of 2017.

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




gdp annual growth rate by Country

Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Italy 1.50 Jun/17
United Kingdom 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17