Latvia
Headline economic indicators for Latvia, with the most recent official readings.
- GDP growth, year on year (quarterly) 3.5% +0.60 (+20.7%) Jun 2026
- Inflation rate (monthly) 3.0% +0.00 (+0.0%) Sep 2026
- Central bank policy rate 2.7% +0.25 (+10.4%) Sep 2026
- Unemployment rate (monthly) 7.3% +0.00 (+0.0%) Sep 2026
- 10-year government bond yield (monthly) 4.2% +0.33 (+8.6%) Sep 2026
- Government debt to GDP (quarterly) 48.0% +1.80 (+3.9%) Jun 2026
Prices
| Indicator | Value | Change | Trend |
|---|---|---|---|
| Inflation rate · | 3.7% | +2.48 (+195.9%) | |
| Consumer price index · | 162.4 | +5.86 (+3.7%) | |
| Inflation rate (monthly) · | 3.0% | +0.00 (+0.0%) | |
| Harmonised consumer price index · | 156.4 | +0.27 (+0.2%) | |
| House price index (quarterly) · | 290.6 | +11.00 (+3.9%) | |
| House price inflation, year on year (quarterly) · | 11.4% | +1.04 (+10.1%) | |
| Real house price index (quarterly) · | 172.7 | +2.77 (+1.6%) | |
| Real house price growth, year on year (quarterly) · | 7.9% | +0.62 (+8.6%) | |
| Producer prices, year on year (monthly) · | 2.9% | +0.40 (+16.0%) | |
| GDP deflator inflation · | 3.6% | +0.84 (+30.0%) |
GDP
| Indicator | Value | Change | Trend |
|---|---|---|---|
| GDP growth rate · | 2.1% | +2.17 (+5,869.3%) | |
| GDP per capita · | 26,311.97 | +2,733 (+11.6%) | |
| GDP growth, quarter on quarter · | 0.9% | +0.10 (+12.5%) | |
| GDP growth, year on year (quarterly) · | 3.5% | +0.60 (+20.7%) | |
| Industrial production, year on year (monthly) · | 0.3% | +0.40 (+400.0%) | |
| Retail sales volume, year on year (monthly) · | 4.6% | +1.00 (+27.8%) | |
| Economic sentiment indicator (monthly) · | 99.9 | -0.10 (-0.1%) | |
| Consumer confidence (monthly) · | -10.4 | -1.50 (-16.9%) | |
| GDP per capita, long-run history · | 27,220 | +481.69 (+1.8%) | |
| GDP · | 48,618,869,160.33 | +4,617,594,148 (+10.5%) | |
| GDP, PPP · | 85,250,682,581 | +3,377,519,335 (+4.1%) | |
| GDP per capita, PPP · | 46,137 | +2,263 (+5.2%) | |
| GDP per capita growth · | 3.2% | +2.25 (+248.2%) | |
| GNI per capita · | 24,980 | +3,460 (+16.1%) | |
| Agriculture to GDP · | 4.0% | +0.06 (+1.6%) | |
| Industry to GDP · | 18.7% | +0.14 (+0.8%) | |
| Manufacturing to GDP · | 10.0% | +0.04 (+0.4%) | |
| Services to GDP · | 64.2% | -0.49 (-0.8%) | |
| Household consumption to GDP · | 57.6% | -0.79 (-1.4%) | |
| Gross capital formation to GDP · | 24.1% | +2.59 (+12.1%) | |
| Gross savings to GDP · | 20.0% | +1.18 (+6.3%) |
Labour
| Indicator | Value | Change | Trend |
|---|---|---|---|
| Unemployment rate · | 6.6% | -0.33 (-4.8%) | |
| Unemployment rate (monthly) · | 7.3% | +0.00 (+0.0%) | |
| Labour force participation rate · | 60.5% | -0.32 (-0.5%) | |
| Female labour force participation rate · | 55.2% | -0.27 (-0.5%) | |
| Youth unemployment rate · | 13.0% | -0.66 (-4.9%) | |
| Employment to population ratio · | 56.5% | -0.09 (-0.2%) | |
| Employment in agriculture · | 6.7% | -0.26 (-3.8%) | |
| Employment in industry · | 21.8% | -0.14 (-0.6%) | |
| Employment in services · | 71.5% | +0.40 (+0.6%) |
Money
| Indicator | Value | Change | Trend |
|---|---|---|---|
| Central bank policy rate · | 2.7% | +0.25 (+10.4%) | |
| ECB deposit facility rate · | 2.5% | +0.25 (+11.1%) | |
| Real effective exchange rate (monthly) · | 106.7 | -0.10 (-0.1%) | |
| Nominal effective exchange rate (monthly) · | 102.9 | +0.18 (+0.2%) | |
| Cost of borrowing for house purchase (monthly) · | 4.4% | +0.01 (+0.2%) | |
| Cost of borrowing for corporations (monthly) · | 5.8% | +0.93 (+19.3%) | |
| 10-year government bond yield (monthly) · | 4.2% | +0.33 (+8.6%) | |
| Private sector credit to GDP · | 29.3% | +0.76 (+2.7%) | |
| Bank nonperforming loans · | 2.5% | +0.09 (+4.0%) | |
| Official exchange rate · | 0.88 | -0.04 (-4.2%) |
Trade
| Indicator | Value | Change | Trend |
|---|---|---|---|
| Current account to GDP · | -5.3% | -1.78 (-51.1%) | |
| Exports to GDP · | 62.6% | -2.29 (-3.5%) | |
| Imports to GDP · | 67.2% | +0.71 (+1.1%) | |
| Trade to GDP · | 129.7% | -1.59 (-1.2%) | |
| Exports of goods and services · | 30,422,285,148.06 | +1,881,557,405 (+6.6%) | |
| Imports of goods and services · | 32,648,277,349.56 | +3,411,114,624 (+11.7%) | |
| Trade balance, goods and services (annual) · | -2,769,758,999.45 | -1,402,024,662 (-102.5%) | |
| Current account balance (annual) · | -2,563,989,230.02 | -1,028,509,507 (-67.0%) | |
| Foreign direct investment to GDP · | 0.8% | -2.65 (-76.2%) | |
| Remittances received to GDP · | 3.0% | -0.07 (-2.4%) | |
| Total reserves, including gold · | 6,099,392,942.08 | +958,566,681 (+18.6%) | |
| Reserves in months of imports · | 2.0 | +0.15 (+7.8%) |
Government
| Indicator | Value | Change | Trend |
|---|---|---|---|
| Government debt to GDP · | 7.4% | unchanged | |
| Government debt to GDP (quarterly) · | 48.0% | +1.80 (+3.9%) | |
| Government revenue to GDP · | 33.9% | +1.90 (+5.9%) | |
| Government expense to GDP · | 34.2% | -2.16 (-5.9%) | |
| Tax revenue to GDP · | 17.6% | +1.02 (+6.1%) | |
| Government budget balance to GDP · | -2.0% | +0.04 (+2.1%) | |
| Government consumption to GDP · | 22.9% | +1.20 (+5.5%) | |
| Education spending to GDP · | 4.3% | -0.45 (-9.4%) | |
| Health spending to GDP · | 7.3% | -0.83 (-10.2%) |
Demography
| Indicator | Value | Change | Trend |
|---|---|---|---|
| Population · | 1,847,785 | -18,339 (-1.0%) | |
| Population, long-run history · | 1,883 | +3.22 (+0.2%) | |
| Population growth · | -1.0% | -0.05 (-5.3%) | |
| Life expectancy · | 76.4 | +1.00 (+1.3%) | |
| Fertility rate · | 1.24 | -0.12 (-8.8%) | |
| Birth rate · | 6.9 | -0.80 (-10.4%) | |
| Death rate · | 14.3 | -0.60 (-4.0%) | |
| Urban population share · | 68.6% | +0.15 (+0.2%) | |
| Population aged 65 and over · | 22.2% | +0.46 (+2.1%) | |
| Under-five mortality rate · | 2.5 | -0.30 (-10.7%) | |
| Population density · | 30.0 | -0.28 (-0.9%) | |
| Net migration · | -7,330 | -5,105 (-229.4%) | |
| Gini index · | 34.0 | +0.30 (+0.9%) |
Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.
Source: ECB
Source: ECB euro foreign exchange reference rates
Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.
Original sources of these estimates
GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics
No separate list is published for Latvia; the database as a whole is cited above.
Economies nearby
Comparable readings from neighbouring economies.