The Latvian GDP grew 4.7 percent year-on-year in the third quarter of 2018, below a preliminary reading of 4.8 percent and following a 5.3 percent advanced in the previous quarter. GDP Annual Growth Rate in Latvia averaged 4.20 percent from 1996 until 2018, reaching an all time high of 13.90 percent in the first quarter of 2007 and a record low of -16.20 percent in the third quarter of 2009.

GDP Annual Growth Rate in Latvia is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Latvia to stand at 3.30 in 12 months time. In the long-term, the Latvia GDP Annual Growth Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.

Latvia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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 5.3% 4.0% 5.1%
2018-10-30 11:00 AM GDP Growth Rate YoY Flash 4.8% 5.3% 4.8% 3.7%
2018-11-30 11:00 AM GDP Growth Rate YoY Final 4.7% 5.3% 4.8% 4.8%
2019-01-28 11:00 AM GDP Growth Rate YoY Flash 4.7% 4.90%
2019-02-28 11:00 AM GDP Growth Rate YoY Final 4.90%
2019-05-02 10:00 AM GDP Growth Rate YoY Flash 5%


Latvia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.70 1.20 6.40 -6.10 percent [+]
GDP Annual Growth Rate 4.70 5.30 13.90 -16.20 percent [+]
GDP 30.26 27.57 35.60 4.50 USD Billion [+]
GDP Constant Prices 6208804.00 6003048.00 6208804.00 2207929.00 EUR Thousand [+]
Gross National Product 7746.00 7150.00 7746.00 945.00 EUR Million [+]
Gross Fixed Capital Formation 1876256.00 1580015.00 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 264587.00 266509.00 287649.00 75089.00 EUR Thousand [+]
GDP From Construction 461111.00 360231.00 631870.00 92342.00 EUR Thousand [+]
GDP From Manufacturing 679952.00 711150.00 711150.00 333666.00 EUR Thousand [+]
GDP From Mining 171175.00 171173.00 253926.00 96547.00 EUR Thousand [+]
GDP From Public Administration 331071.00 340379.00 559872.00 182541.00 EUR Thousand [+]
GDP From Services 911012.00 814949.00 911012.00 181772.00 EUR Thousand [+]
GDP From Transport 634176.00 554678.00 634176.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.70 5.30 13.90 -16.20 1996 - 2018 percent Quarterly
NSA




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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