Published: 24.11.2020.
Economic Development of Latvia Report 2020
Specialists of the Ministry of Economics have prepared the 2020 Economic Development Report of Latvia. The report assesses the situation in the economy and forecasts the prospects for economic development.
Macroeconomic Review of Latvia, October 2020
Preceding the Covid-19 pandemic, Latvia's economic growth remained stable, exceeding the EU average. From 2011-2019, GDP on average increased by 3.3% annually.
On Consumer Prices in January 2021
In January 2021, the consumer price level was affected by seasonality, rising world prices and changes in tax rates
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On Construction in Q4 of 2020 and 2020
Growth in construction has been observed in both Q4 of 2020 and 2020
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On Latvia’s Foreign Trade in December 2020 and 2020
In December 2020, rapid export growth endured
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On Manufacturing Production Output in December 2020 and 2020
In December 2020, manufacturing output continued to grow on an annual basis; overall, in 2020, a decline of 0.9% has been observed
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On GDP in the 4th Quarter of 2020 and in 2020
In 2020, the negative impact of Covid-19 was mitigated by the increase in exports of goods
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In 2020, under the influence of Covid-19, the economic downturn reached 3.5%
In December 2020, retail trade turnover fell due to decline in non-food trade
The level of consumer prices in 2020 was affected by the fall in demand due to the Covid-19 crisis
In November 2020, rapid export growth continued
Amidst the crisis, the economic activity of the population remains high
In November 2020, manufacturing output increased by 4.3% annually
In November 2020, the growth rate of retail trade turnover remained positive
In October 2020, exports have reached a historic high in one month
In November 2020, month-specific price changes have been observed
In October 2020, manufacturing output declined slightly on an annual basis
In October 2020, retail trade turnover continued to increase for the fifth consecutive month