The National Economy of Latvia: Macroeconomic Review
The regular Macroeconomic Review prepared by the specialists from the Ministry of Economics is now available for your evaluation. Such Reviews were published traditionally quarterly since 1999. The present Review, just like the previous ones, provides an assessment of the country’s economic situation and policy, as well as gives perspectives of the development of economy.
During the period from 2011 to 2014, the growth of the Latvian economy on average reached 3.8% annually. During the recent years, the growth has slowed down. The slowdown was due to the slow economic growth within the EU countries and worsening of the economic situation in Russia.
During the 2016 Q1-Q3, the GDP was by 1.4% higher compared to the corresponding period in a previous year. In general, compared to 2015, during the 2016 Q1-Q3 the growth was slower.
The Ministry of Economics projects that the GDP growth has reached 1.5% in 2016. More positive investment dynamics might lead to 3% growth in 2017.
Previous reports and other publications on economic development can be found here ...