Given the huge economic uncertainty generated by the spread of the coronavirus in Europe, we are currently only publishing headline real GDP growth forecasts for our countries. We will produce a full update of our forecasts as soon as is realistically possible.

map Latvia
Main Economic Indicators201720182019202020212022
Population, 1000 persons194219271920...
GDP, real change in %
GDP per capita (EUR at PPP)199002130022200...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average8.77.46.5...
Average gross monthly wages, EUR92610041080...
Consumer prices, % p.a.
Fiscal balance in % of GDP-0.5-0.7-0.8...
Public debt in % of GDP38.636.436.0...
Current account in % of GDP1.0-0.7-0.3...
FDI inflow, EUR mn9913901008...
Gross external debt in % of GDP141.5122.5115.7...

Basic data are continuously updated.

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

Forecasts as of March 2020 considering the effect of COVID-19 with a severe scenario. Due to this uncertain situation we only offer forecasts for GDP.


LATVIA: Weak investment and stuttering trade keep growth low

Sebastian Leitner
in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 103-106
Details and Buy


Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure