Latvia Q1 GDP Growth Eases to 2.5%

2026-05-29 10:15 By Mariene Camarillo 1 min. read

The economy of Latvia grew by 2.5% year-on-year in the first quarter of 2026, easing from a 2.9% expansion in the previous quarter.

The slowdown was mainly driven by a weaker performances in manufacturing (1.1% vs 6.8%), construction (2.8% vs 10%), human health and social work activities (2.1% vs 4.4%), and arts, entertainment, and recreation (2.7% vs 3.3%).

Additionally, accommodation and food services (-1.8% vs 0.4%), information and communication (-2.4% vs 7.4%), and public administration and defence (-0.9% vs 0.9%) recorded declines, while activity declined further in transportation (-8.3% vs -5.7%).

In contrast, performances strengthened in trade (5.5% vs 2.6%), real estate (3.7% vs 0.5%), and other industries (21.6% vs 2.3%).

On a seasonally adjusted quarterly basis, GDP expanded 0.6% in Q1, following an upwardly revised 0.7% growth in the preceding period.



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Latvia Q1 GDP Growth Eases to 2.5%
The economy of Latvia grew by 2.5% year-on-year in the first quarter of 2026, easing from a 2.9% expansion in the previous quarter. The slowdown was mainly driven by a weaker performances in manufacturing (1.1% vs 6.8%), construction (2.8% vs 10%), human health and social work activities (2.1% vs 4.4%), and arts, entertainment, and recreation (2.7% vs 3.3%). Additionally, accommodation and food services (-1.8% vs 0.4%), information and communication (-2.4% vs 7.4%), and public administration and defence (-0.9% vs 0.9%) recorded declines, while activity declined further in transportation (-8.3% vs -5.7%). In contrast, performances strengthened in trade (5.5% vs 2.6%), real estate (3.7% vs 0.5%), and other industries (21.6% vs 2.3%). On a seasonally adjusted quarterly basis, GDP expanded 0.6% in Q1, following an upwardly revised 0.7% growth in the preceding period.
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