Trade Balance in Latvia
Latvia - Trade BalanceFollowing months of uncertainty and two unsuccessful attempts to form a government by nominees from the New Conservative Party and the populist KPV, the government led by Krisjanis Karins—the leader of New Unity which won only 6.7% of the vote—was approved by parliament on 23 January. According to the government declaration, the center-right coalition government will maintain the country’s pro-Western course and focus on strengthening its distressed financial system. It has also pledged to reduce income inequality and increase competitiveness by enhancing social policies and implementing healthcare, education and labor taxation reforms, while maintaining strict fiscal discipline and targeting a budget surplus. Meanwhile, against this backdrop, the economy seems to have finished 2018 on a strong footing, although growth likely lost some traction in Q4. The overall expansion appears to have been driven by strong growth dynamics on the domestic front as tighter labor market conditions likely bolstered private consumption.
Latvia - Trade Balance Data
|Trade Balance (USD billion)||-3.5||-3.2||-2.4||-2.1||-3.0|
5 years of economic forecasts for more than 30 economic indicators.
Latvia Trade Balance Chart
Source: Bank of Latvia and Met the why particular calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.13||0.65 %||Feb 14|
|Stock Market||981||0.17 %||Feb 14|
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February 4, 2019
According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November.
January 30, 2019
According to a flash estimate released by the Statistical Institute on 30 January, the economy expanded 5.0% in year-on-year terms in the fourth quarter of 2018, up slightly from the third quarter’s sturdy 4.8% increase.
January 16, 2019
Consumer prices fell 0.4% from the previous month in December, compared to a near-flat reading in the previous month (November: - 0.1% month-on-month).
January 3, 2019
According to Latvia’s Central Statistical Bureau, industrial output fell 0.6% in working day-adjusted year-on-year terms in November, improving somewhat from the 1.9% drop recorded in October.
December 12, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.7% month-on-month increase in October.