Retail Sales in Latvia increased 5.90 percent in June of 2021 over the same month in the previous year. source: Central Statistical Bureau of Latvia

Retail Sales YoY in Latvia averaged 5.35 percent from 1999 until 2021, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.40 percent in December of 2009. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Retail Sales YoY in Latvia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Retail Sales YoY is projected to trend around 3.30 percent in 2022 and 4.20 percent in 2023, according to our econometric models.

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Latvia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
5.90 3.20 60.60 -28.40 1999 - 2021 percent Monthly
Constant Prices, WDA

Calendar GMT Actual Previous Consensus TEForecast
2021-04-28 10:00 AM Mar 3.2% -8.5% -2.3%
2021-05-28 10:00 AM Apr 15.6% 3.2% 9.2%
2021-06-29 10:00 AM May 3.2% 15.7% 3.5%
2021-07-29 10:00 AM Jun 5.9% 3.2% 2.5%
2021-08-27 10:00 AM Jul
2021-09-29 10:00 AM Aug
2021-10-29 11:00 AM Sep
2021-11-29 11:00 AM Oct

News Stream
Latvia Retail Trade Climbs 3.2% in May
Retail sales in Latvia climbed 3.2 percent year-on-year in May of 2021, following an upwardly revised 15.7 percent jump in the previous month. Retail trade activity advanced the most for specialized stores of information and communication equipment (21.2 percent vs 57.2 percent in April) and of cultural and recreational goods (17.7 percent vs 28.3 percent), as well as in stalls and markets (12.7 percent vs 47.6 percent). To a lesser extent, sales also were higher for automotive fuel (5.2 percent vs 10.5 percent), household equipment (2.2 percent vs 17.9 percent), and other goods (0.6 percent vs 28.2 percent). On a seasonally adjusted monthly basis, retail sales fell by 3.9 percent, following a downwardly revised 3.8 percent rise in April.
Latvia Retail Sales Jump in April
Latvia's retail trade soared 15.6 percent from a year earlier in March 2021, following a 3.2 percent rise in the previous month. It was the highest gain in retail trade since June of 2007, as food, beverages & tobacco rebounded (6.9 percent vs -0.8 percent). In addition, sales advanced for both automative fuel (10.5 percent vs 1.2 percent) and non-food product sales (25.9 percent vs 9.1 percent in March), namely information & communication technology (57.1 percent vs -8.1 percent), clothing, footwear & leather goods (45.9 percent vs 33.5 percent), electrical household appliances (24.3 percent vs -1.3 percent), cosmetic and toilet articles (24.8 percent vs 1.6 percent), and retail sale via mail order houses or via internet ( 8.5 percent vs -12.6 percent). On a seasonally adjusted monthly basis, retail sales rose by 3.9 percent, compared to 6.9 percent in March.
Latvia Retail Sales Continue to Contract in February
Latvia's retail trade slumped 8.5 percent from a year earlier in February 2021, following a revised 9.5 percent tumble in the previous month, which was the largest decline since February 2010. There were decreases in sales of cultural and recreation goods, other household equipment, information and communication equipment, food, beverages and tobacco, and other goods. In addition, trade not in stores, stalls or markets continued to fall, despite a sharp increase in on-line trade. On a monthly basis, retail sales rose 4.4 percent in February, partially recovering from a 5.2 percent slump in January.
Retail Sales in Latvia Fall the Most in 9 Months
Retail sales in Latvia sank 8.9 percent year-on-year in January of 2021, the biggest decrease since April of 2020, due to the coronavirus lockdown. Main decreases were seen in sales of clothing, footwear and leather goods (-64 percent); retail sale in non-specialised stores selling mainly non-food products (-41.8 percent) and cultural and recreation goods (-29.2 percent). On a seasonally adjusted monthly basis, retail sales fell 4.9 percent, following a 5.7 decrease in December.

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.