SDDS Data Page

22.05.2012

Economic and Financial Data
for Latvia

Last update: 22 May 2012
Updated: on the day that
data are released

The data shown in this page correspond to the data described on the International Monetary Fund's
Dissemination Standards Bulletin Board (DSBB).

For a fuller explanation of the DSBB and the statistical standards to which Latvia has committed, please click on DSBB Home Page.

Unless otherwise indicated, data are not seasonally adjusted

Real Sector

SDDS Data Category and Component	Unit Description	Data Observations			More info
SDDS Data Category and Component	Unit Description	Period of latest data	Latest data	Data for previous period	More info
REAL SECTOR
National Accounts	Preliminary data				GDP Database
* GDP at current prices	LVL, millions	Q4/11	3 903.32	3 706.31
** Value added	LVL, millions	Q4/11	3 500.93	3 291.59
*** Agriculture, forestry and fishing	LVL, millions	Q4/11	122.31	171.23
*** Mining and quarrying; Electricity, gas, steam and air conditioning supply; Water supply; sewerage, waste management and remediation activities	LVL, millions	Q4/11	180.97	144.55
*** Manufacturing	LVL, millions	Q4/11	479.20	472.45
*** Construction	LVL, millions	Q4/11	264.67	273.69
*** Services	LVL, millions	Q4/11	2 453.77	2 229.67
**** Wholesale and retail trade; repair of motor vehicles and motorcycles	LVL, millions	Q4/11	583.77	594.52
**** Transportation and storage	LVL, millions	Q4/11	447.68	405.65
**** Accommodation and food service activities	LVL, millions	Q4/11	52.75	64.11
**** Information and communication	LVL, millions	Q4/11	137.61	117.51
**** Financial and insurance activities	LVL, millions	Q4/11	155.02	128.38
**** Real estate activities	LVL, millions	Q4/11	247.01	226.24
**** Professional, scientific and technical activities; Administrative and support service activities; Other service activities	LVL, millions	Q4/11	272.45	239.75
**** Public administration and defence; compulsory social security	LVL, millions	Q4/11	278.49	203.15
**** Education	LVL, millions	Q4/11	129.70	112.22
**** Human health and social work activities	LVL, millions	Q4/11	83.74	87.05
**** Arts, entertainment and recreation	LVL, millions	Q4/11	65.55	51.11
** Taxes on products (minus subsidies)	LVL, millions	Q4/11	402.39	414.72
* GDP at constant prices	LVL, millions	Q4/11	1 951.21	1 896.82
** Value added	LVL, millions	Q4/11	1 792.48	1 733.92
*** Agriculture, forestry and fishing	LVL, millions	Q4/11	54.59	90.92
*** Mining and quarrying; Electricity, gas, steam and air conditioning supply; Water supply; sewerage, waste management and remediation activities	LVL, millions	Q4/11	71.98	56.66
*** Manufacturing	LVL, millions	Q4/11	236.21	240.17
*** Construction	LVL, millions	Q4/11	144.87	148.78
*** Services	LVL, millions	Q4/11	1 284.83	1 197.39
**** Wholesale and retail trade; repair of motor vehicles and motorcycles	LVL, millions	Q4/11	356.60	369.16
**** Transportation and storage	LVL, millions	Q4/11	243.36	231.72
**** Accommodation and food service activities	LVL, millions	Q4/11	24.24	29.26
**** Information and communication	LVL, millions	Q4/11	71.32	67.26
**** Financial and insurance activities	LVL, millions	Q4/11	48.87	48.22
**** Real estate activities	LVL, millions	Q4/11	155.01	155.37
**** Professional, scientific and technical activities; Administrative and support service activities; Other service activities	LVL, millions	Q4/11	115.98	105.77
**** Public administration and defence; compulsory social security	LVL, millions	Q4/11	122.98	89.67
**** Education	LVL, millions	Q4/11	73.81	40.87
**** Human health and social work activities	LVL, millions	Q4/11	44.51	36.44
**** Arts, entertainment and recreation	LVL, millions	Q4/11	28.15	23.65
** Taxes on products (minus subsidies)	LVL, millions	Q4/11	158.73	162.90
Production Index	Volume of industrial production 2005=100 Preliminary data	Mar/12	112.0	109.8	From January 2003 the data are seasonally adjusted. Industry Database
Employment	Thousand persons, quarterly; Preliminary data	Q1/12	857.6	876.7	Labour Force Survey data
Number of unemployed persons (according ILO definition)	Thousand persons; Preliminary data	Q1/12	166.7	155.0	Labour Force Survey data
Share of unemployed persons in economically active population (unemployment rate)	% of economically active population; Preliminary data	Q1/12	16.3	15.0	Labour Force Survey data
Wages/Earnings	LVL, average monthly gross earnings; Finaldata	Q4/11	475	467	Wages and Salaries Database
Consumer Prices	Consumer Price index 2005=100 Final data	Apr/12	148.9	148.0	Consumer prices Database
Producer Prices	Producer Price index 2005=100 4/Preliminary data	Mar/12	155.7	156.3	Producer prices Database

Fiscal Sector

SDDS Data Category and Component	Unit Description	Data Observations			More info
SDDS Data Category and Component	Unit Description	Period of latest data	Latest data	Data for previous period	More info
FISCAL SECTOR
General Government or Public Sector Operations	Preliminary data				Reports
* Revenue (net)	LVL, thousands	Apr/12	457813	417656
* Expenditure (net)	LVL, thousands	Apr/12	437406	475495
* Balance, Financial Deficit/Surplus	LVL, thousands	Apr/12	20407	-57840
* Financing	LVL, thousands	Apr/12	-20407	57840
** Currency and deposits	LVL, thousands	Apr/12	-6958	128997
** Securities other than shares, excluding financial derivatives, purchased	LVL, thousands	Apr/12	0	0
** Securities other than shares, issued	LVL, thousands	Apr/12	-20989	-14365
** Loans (net)	LVL, thousands	Apr/12	-829	-56201
** Loans granted (net)	LVL, thousands	Apr/12	9756	437
** Shares and other equity, excluding mutual funds shares	LVL, thousands	Apr/12	-1387	-629
** Mutual funds shares	LVL, thousands	Apr/12	0	-200
Central Government Operations	Preliminary data				Reports
* Revenue (net)	LVL, thousands	Apr/12	379300	330613
* Expenditure (net)	LVL, thousands	Apr/12	365433	408100
* Balance, Financial Deficit/Surplus	LVL, thousands	Apr/12	13868	-77487
* Financing	LVL, thousands	Apr/12	-13868	77487
** Currency and deposits	LVL, thousands	Apr/12	706	135037
** Securities other than shares, excluding financial derivatives, purchased	LVL, thousands	Apr/12	0	0
** Securities other than shares, issued	LVL, thousands	Apr/12	-20989	-14365
** Loans (net)	LVL, thousands	Apr/12	-562	-14365
** Loans granted (net)	LVL, thousands	Apr/12	6978	12806
** Shares and other equity, excluding mutual funds shares	LVL, thousands	Apr/12	0	50
** Mutual funds shares	LVL, thousands	Apr/12	0	0
Central government debt	Final data				Reports
* Total central government debt	LVL, thousands	Apr/12	5610547	5620160
* Central government domestic debt by original maturity	LVL, thousands	Apr/12	662684	684362
** Central government domestic debt by original maturity in national currency	LVL, thousands	Apr/12	657734
*** Short - term debt	LVL, thousands	Apr/12	171064	200665
**** Government Treasury bills 1/	LVL, thousands	Apr/12	171064	200664
****Short - term loans	LVL, thousands	Apr/12	0	1
*** Medium – term debt	LVL, thousands	Apr/12	209558	209559
**** Government Treasury medium – term bonds 1/	LVL, thousands	Apr/12	209525	209525
****Medium – term loans	LVL, thousands	Apr/12	33	34
*** Long – term debt	LVL, thousands	Apr/12	277112	269019
**** Government Treasury long – term bonds 1/	LVL, thousands	Apr/12	276925	268815
**** Long – term loans	LVL, thousands	Apr/12	187	204
** Central government domestic debt in foreign currency	LVL, thousands	Apr/12	4950	5119
*** Short – term debt	LVL, thousands	Apr/12	0	0
**** Government Treasury bills 1/	LVL, thousands	Apr/12	0	0
****Short - term loans	LVL, thousands	Apr/12	0	0
*** Medium – term debt	LVL, thousands	Apr/12	7	9
**** Medium - term loans	LVL, thousands	Apr/12	7	9
*** Long – term debt	LVL, thousands	Apr/12	4943	5110
**** Long – term loans	LVL, thousands	Apr/12	4943	5110
*Central government foreign debt by original maturity	LVL, thousands	Apr/12	4947863	4935798
** Central government foreign debt in national currency	LVL, thousands	Apr/12	0	0
** Central government foreign debt in foreign currency	LVL, thousands	Apr/12	4947863	4935798
*** Short – term debt	LVL, thousands	Apr/12	0	0
*** Medium - term debt	LVL, thousands	Apr/12	2830563	2821072
**** Medium – term bonds	LVL, thousands	Apr/12	532000	528000
**** Medium – term loans	LVL, thousands	Apr/12	2298563	2293072
*** Long - term debt	LVL, thousands	Apr/12	2117300	2114726
**** Long – term bonds 1/	LVL, thousands	Apr/12	828243	826243
**** Long - term loans	LVL, thousands	Apr/12	1289057	1288483
Debt guaranteed by central government	LVL, thousands Final data	Apr/12	513124	518322	Reports

Financial Sector

SDDS Data Category and Component	Unit Description	Data Observations			More info
SDDS Data Category and Component	Unit Description	Period of latest data	Latest data	Data for previous period	More info
FINANCIAL SECTOR
Analytical Accounts of the Banking Sector	Final data				Main Indicators
* M1	LVL, millions	Apr/12	4279.3	4303.9
* M2	LVL, millions	Apr/12	6479.7	6438.0
* M3	LVL, millions	Apr/12	6549.2	6509.9
* Net external assets	LVL, millions	Apr/12	-121.9	-131.4
* Loans to resident financial institutions, non-financial corporations and households	LVL, millions	Apr/12	10726.9	10747.3
* Credit to general government	LVL, millions	Apr/12	485.4	492.7
* Deposits of central government	LVL, millions	Apr/12	1268.8	1290.9
Analytical Accounts of the Central Bank	Final data				Main Indicators
*Monetary base	LVL, millions	Apr/12	1854.2	1865.7
*Net lending to the central government (net)	LVL, millions	Apr/12	-1066.7	-1104.4
*Credits to MFIs	LVL, millions	Apr/12	0.0	0.0
*Net foreign position	LVL, millions	Apr/12	3675.0	3789.6
Interest Rates					Main Indicators
* Refinancing rate	% per annum	Mar/24/10⁵	3.5	4.0⁶
* Treasury bill discount rates
3 - month bills	% per annum	Jan/06/10	3.0
12 - month bills	% per annum	Mar/14/12	1.6
* Treasury bond fixed income rates	.
2 - year bonds	% per annum	Mar/24/10	6.0
3 - year bonds	% per annum	Aug/04/10	5.9
5 - year bonds	% per annum	Mar/21/12	4.4
10 - year bonds	% per annum	Apr/25/12	5.3
11 - year bonds	% per annum	Sept/03/08	6.8
Financial Soundness Indicators	Percent	Quarterly			Latvia's FSI data
Stock Market: Share price index		Daily			Baltic market index

External Sector

SDDS Data Category and Component	Unit Description	Data Observations			More info
SDDS Data Category and Component	Unit Description	Period of latest data	Latest data	Data for previous period	More info
EXTERNAL SECTOR
Balance of Payments	Final data
* Current account	LVL, thousands	Q4/11	46248	-197523	Main Indicators
* Imports of goods and services	LVL, thousands	Q4/11	-2308261	-2424545
*Exports of goods and services	LVL, thousands	Q4/11	2226309	2193396
*Net income receipts	LVL, thousands	Q4/11	15314	-54076
*Net receipts from current transfers	LVL, thousands	Q4/11	112886	87702
* International reserves (reserve assets)	LVL, thousands	Q4/11	622489	-67376
* Financial transactions (without reserve assets)	LVL, thousands	Q4/11	-642032	64780
International Reserves	Final data ^7/				Main Indicators
International Reserves (Total Official Reserves)	USD, millions	Apr/12	6920.81	7157.03
International Reserves (Total Official Reserves)	LVL, millions	Apr/12	3681.87	3778.91
International Reserves / Foreign Currency Liquidity	Final data
International Reserves / Foreign Currency Liquidity	USD, millions	Apr/12	6920.81	7157.03
Merchandise Trade	Preliminary data				Foreign Trade Database
* Total exports	LVL, thousands (valued on a f.o.b. basis)	Mar/12	546 055	489 170
* Total imports	LVL, thousands (valued on c.i.f. basis)	Mar/12	696 481	643 512
Net International Investment Position	LVL, thousands Final data	Q4/11	-10261305	-10487474	Main Indicators
* Assets	LVL, thousands	Q4/11	15104150	14887785
** Direct investment abroad	LVL, thousands	Q4/11	482546	470265
** Portfolio investment	LVL, thousands	Q4/11	2040304	2011609
*** Equity	LVL, thousands	Q4/11	623002	585597
*** Debt	LVL, thousands	Q4/11	1417302	1426011
** Financial derivatives	LVL, thousands	Q4/11	79308	67912
** Other investment	LVL, thousands	Q4/11	9029056	8308678
** Reserve assets	LVL, thousands	Q4/11	3472937	4029320
* Liabilities	LVL, thousands	Q4/11	25365455	25375259
** Direct investment in Latvia	LVL, thousands	Q4/11	6587277	6533930
** Portfolio investment	LVL, thousands	Q4/11	949850	951523
*** Equity	LVL, thousands	Q4/11	144617	154745
*** Debt	LVL, thousands	Q4/11	805233	796778
** Financial derivatives	LVL, thousands	Q4/11	77010	64134
** Other investments	LVL, thousands	Q4/11	17751318	17825673
Net position	Final data
* Direct investment	LVL, thousands	Q4/11	-6104731	-6063665
* Portfolio investment	LVL, thousands	Q4/11	1090454	1060086
** Equity	LVL, thousands	Q4/11	478385	430852
** Debt	LVL, thousands	Q4/11	612069	629233
* Financial derivatives	LVL, thousands	Q4/11	2298	3778
* Other investments	LVL, thousands	Q4/11	-8722262	-9516995
* Reserve assets	LVL, thousands	Q4/11	3472937	4029320
External Debt	Final data
External Debt	LVL, millions	Q4/11	20665.84	20754.13	Main Indicators
External Debt	USD, millions	Q4/11	37988.67	40221.18
Exchange Rate 3/		Daily			Main Indicators

Population

SDDS Data Category and Component	Unit Description	Data Observations			More info
		Period of latest data	Latest data	Data for previous period
POPULATION	Thousand persons; Preliminary data	Mar/12	2047.7	2049.8	Population

Footnotes:

1/ The data are at nominal value

2/ The data are at nominal value

3/ Only official exchange rates and spot rates are disseminated since forward market transactions are insignificant

4/ Annual average

5/ The date indicate the point of time for the latest change in policy rate

6/ The column "Data for previous period" shows the prior rate

7/ The data are final except for the end of year data (as of December)

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