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.
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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.
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Press release

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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On Retail Trade Turnover in January 2021

In January 2021, retail sales have declined
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