For 2017, we expect external demand to grow again. Stronger than anticipated investment growth seems to materialise already in 2017, driven by the speed-up of demand in the EU and the inflow of EU funds. Household demand is continuing to evolve at quite a good pace, and thus our GDP growth forecast for 2017 has been raised slightly to 2.9%. We expect GDP to grow at a similar speed in 2018 and 2019, at 3.0% and 2.9%, respectively.

map Latvia
Main Economic Indicators201420152016201720182019
Population, 1000 persons199419781960...
GDP, real change in %
GDP per capita (EUR at PPP)175001850018900...
Gross industrial production, real change in %-
Unemployment rate - LFS, in %, average10.
Average gross monthly wages, EUR765818859...
Consumer prices, % p.a.
Fiscal balance in % of GDP-1.6-1.30.0...
Public debt in % of GDP40.936.740.4...
Current account in % of GDP-1.7-
FDI inflow, EUR mn704752222...
Gross external debt in % of GDP144.1143.9149.1...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures



LATVIA: EU funds push up growth rate

Sebastian Leitner
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 86-88
Details and Buy