Trade Balance in Latvia
Latvia - Trade BalanceThe 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
|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 %||Dec 11|
|Stock Market||946||0.17 %||Dec 11|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 3, 2018
Industrial output fell 1.9% in October from the same month last year, the second consecutive month of contraction (September: -1.2% year-on-year).
November 30, 2018
A comprehensive GDP release confirmed that annual growth lost some traction in the third quarter, coming in at 4.7% (previously reported: +4.8% year-on-year), down from 5.3% in the second quarter.
November 14, 2018
Consumer prices rose 0.7% over the previous month in October, broadly unchanged from September’s 0.6% month-on-month increase in prices.
November 2, 2018
Industrial output fell 1.2% in September from the same month last year, swinging from a revised 6.8% expansion in August (previously reported: +6.5% year-on-year).
October 30, 2018
According to a flash estimate released by the Statistical Institute on 30 October, the economy expanded 4.8% in year-on-year terms in the third quarter, down slightly from the second quarter’s sturdy 5.3% increase.