Trade Balance in Latvia
Latvia - Trade BalanceA second GDP release confirmed that the economy fired on all cylinders in the second quarter, propped up by a healthy external sector and buoyant investment activity. Exports growth soared at a five-year high in Q2 supported by solid demand for Latvia’s key exports commodities, namely: food, wood, metals and cereals. Meanwhile, domestic demand dynamics remained strong. A booming construction sector bolstered fixed investment growth, while household spending remained elevated on the back of lower unemployment and rising wages. Third-quarter data also continued to be upbeat. Industrial output accelerated markedly in July, while economic sentiment hit a six-month high in the same month. In addition, retail sales growth remained healthy in July and unemployment edged down in August, boding well for private consumption. In the political arena, the Latvian electorate will head to the polls on 6 October. Despite gains from anti-establishment parties, the current incumbents, the Union of Greens and Farmers, lead the polls.
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||1.16||0.65 %||Oct 12|
|Stock Market||935||0.17 %||Oct 12|
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October 4, 2018
Industrial output soared 6.5% in August from the same month last year, up markedly from July’s 3.6% increase.
Latvia: Corruption dominates agenda as election looms; anti-establishment parties set to gain support
September 25, 2018
Latvians will head to the polls on 6 October against the backdrop of a series of corruption scandals this year that have rattled the halls of power and put the country under greater scrutiny by the EU. Most polls currently suggest the likeliest election outcome would be another coalition government led by the longstanding alliance between the Latvian Farmers’ Union and the Green Party intended to, once again, keep the pro-Russian and largest party in parliament, Harmony, out of government.
September 17, 2018
Consumer prices fell 0.1% over the previous month in August, moderating from July’s 0.8% contraction.
September 3, 2018
Industrial output jumped 3.6% in July from the same month last year, a significant improvement from June’s mere 0.4% increase.
August 31, 2018
Latvia’s economy fired on all cylinders in the second quarter, according to the second estimate released by the Statistical Institute on 31 August.