Trade Balance in Latvia

Latvia Trade Balance | Economic News & Forecasts

Latvia - Trade Balance

A 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

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-3.5  -3.2  -2.4  -2.1  -3.0  

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Latvia Trade Balance Chart

Latvia Trade
Note: Trade balance in (EUR bn).
Source: Bank of Latvia and Met the why particular calculations.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.160.65 %Oct 12
Stock Market9350.17 %Oct 12

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