Latvia GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

The Latvian gross domestic product expanded by 5.1 percent in the second quarter of 2018, following a downwardly revised 4.0 percent expansion in the first quarter, the preliminary estimate showed. On a quarterly basis, the economy grew 0.8 percent compared to a downwardly revised 1.5 percent in the previous period. Positive contributions to growth came from industrial production, construction and retail sales. GDP Annual Growth Rate in Latvia averaged 4.20 percent from 1996 until 2018, 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
2018-05-02 10:00 AM GDP Growth Rate YoY Flash 4.3% 4.2% 4.3% 4%
2018-05-31 10:00 AM GDP Growth Rate YoY Final 4.2% 4.2% 4.3% 4.3%
2018-07-30 10:00 AM GDP Growth Rate YoY Flash 5.1% 4.0% 3.8%
2018-08-31 10:00 AM GDP Growth Rate YoY Final 4.0% 5.1%
2018-10-30 11:00 AM GDP Growth Rate YoY Flash 3.7%
2018-11-30 11:00 AM GDP Growth Rate YoY 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 Annual Growth Rate

In Latvia, 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. 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 4.00 14.10 -16.10 1996 - 2018 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Australia 3.10 Mar/18
Netherlands 2.90 Jun/18
South Korea 2.90 Jun/18
United States 2.80 Jun/18
Mexico 2.70 Jun/18
Spain 2.70 Jun/18
Canada 2.30 Mar/18
Euro Area 2.20 Jun/18
Switzerland 2.20 Mar/18
Germany 2.00 Jun/18
Russia 1.80 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Brazil 1.20 Mar/18
Italy 1.10 Jun/18
Japan 1.00 Jun/18


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