Latvia
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
| Population, 1000 persons | 1884 | 1866 | 1850 | . | . | . |
| GDP, real change in % | -0.9 | 0.0 | 2.1 | 1.9 | 2.0 | 2.4 |
| GDP per capita (EUR at PPP) | 26750 | 27540 | 29530 | . | . | . |
| Gross industrial production, real change in % | -6.4 | -2.2 | 3.6 | . | . | . |
| Unemployment rate - LFS, in %, average | 6.5 | 6.9 | 6.9 | 7.0 | 6.8 | 6.4 |
| Average gross monthly wages, EUR | 1537 | 1685 | 1815 | . | . | . |
| Consumer prices, % p.a. | 9.1 | 1.3 | 3.8 | 3.4 | 3.1 | 2.8 |
| Fiscal balance in % of GDP | -2.4 | -1.8 | -2.9 | -3.3 | -3.0 | -2.5 |
| Public debt in % of GDP | 44.4 | 46.2 | 48.0 | . | . | . |
| Current account in % of GDP | -3.8 | -1.5 | -3.4 | -3.8 | -3.6 | -3.6 |
| FDI inflow, EUR m | 1525 | 1401 | 139 | . | . | . |
| Gross external debt in % of GDP | 101.3 | 97.7 | 99.5 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
Monthly Report No. 1/2026
Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej Grodzicki, Ioannis Gutzianas, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Biljana Jovanovikj, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Marina Tverdostup
wiiw Monthly Report No. 1, January 2026
58 pages including 6 Tables and 15 Figures
Executive summary
Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details