Retail sales in Latvia increased 4 percent year-on-year in November of 2018, following a 2.4 percent rise in the previous month. It was the highest annual gain in retail trade since July, as sales advanced faster for both food products (4.4 percent from 4.3 percent in October) and non-food products (5.6 percent from 2.2 percent). Meanwhile, sales of automotive fuel declined 1.1 percent, the same as in the prior month. On a seasonally adjusted monthly basis, retail sales went up 2.3 percent, after a 0.7 percent fall in October. Retail Sales YoY in Latvia averaged 5.80 percent from 1999 until 2018, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.50 percent in December of 2009.

Retail Sales YoY in Latvia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Latvia to stand at 3.20 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.

Latvia Retail Sales YoY
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 10:00 AM Retail Sales YoY 1.4% 4.3% 4.8%
2018-10-30 11:00 AM Retail Sales YoY 3.5% 1.4% 4.5%
2018-11-30 11:00 AM Retail Sales YoY 2.4% 3.4% 3.1%
2018-12-28 11:00 AM Retail Sales YoY 4% 2.4% 3.7%
2019-01-30 11:00 AM Retail Sales YoY 4% 3.7%
2019-02-28 11:00 AM Retail Sales YoY
2019-03-29 11:00 AM Retail Sales YoY


Latvia Consumer Last Previous Highest Lowest Unit
Consumer Confidence -8.20 -6.00 0.20 -54.30 Index Points [+]
Retail Sales MoM 2.30 -0.70 10.40 -9.20 percent [+]
Retail Sales YoY 4.00 2.40 60.60 -28.50 percent [+]
Consumer Spending 3926972.00 3637841.00 3926972.00 1286274.00 EUR Thousand [+]
Personal Savings 3.25 5.18 13.61 -8.47 percent [+]
Consumer Credit 517.20 520.30 1138.00 161.80 EUR Million [+]
Bank Lending Rate 3.43 3.61 9.99 3.20 percent [+]
Economic Optimism Index 107.20 106.90 115.30 69.30 [+]
Gasoline Prices 1.46 1.44 1.86 0.41 USD/Liter [+]
Households Debt To Income 35.94 37.56 74.05 8.55 percent [+]


Latvia Retail Sales YoY

In Latvia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.00 2.40 60.60 -28.50 1999 - 2018 percent Monthly
Constant Prices, WDA




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