Trade Balance in Latvia

Latvia Trade Balance | Economic News & Forecasts

Latvia - Trade Balance

The economy lost some steam in Q3, although growth remained solid nonetheless. Weakness within the external sector drove the deceleration, with goods exports growth down markedly from Q2 amid a wider slowdown in EU trade. Dynamics in the domestic economy nevertheless remained healthy and appear to have led the overall third-quarter expansion. Labor market conditions continued to tighten throughout the quarter with the unemployment rate falling to a near 11-year low in September, and likely bolstering private consumption growth in turn. Intensifying inflationary pressures, however, seemingly capped household consumption gains somewhat in Q3, reflected in slowing retail sales growth in September. Meanwhile, Janis Bordans, the leader of the New Conservative Party, was nominated by President Raimonds Vejonis as the new prime minister on 7 November. Despite this, with coalition talks having reportedly stalled in recent days, another candidate will be chosen if Bordans fails form a new coalition government by the 21 November deadline set by the president.

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

ValueChangeDate
Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Dec 11
Stock Market9460.17 %Dec 11

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