Trade Balance in Latvia

Latvia Trade Balance | Economic News & Forecasts

Latvia - Trade Balance

Following 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

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 Rate1.130.65 %Feb 14
Stock Market9810.17 %Feb 14

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