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Economic and Financial Data
for Latvia

Last update: 18 August 2008
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.

| Fiscal Sector | Financial Sector | External Sector | Population ]
Unless otherwise indicated, data are not seasonally adjusted.

SDDS Data Category and Component

Unit Description

Data Observations

More info

Period of latest data

Latest data

Data for previous period

REAL SECTOR

National Accounts

Preliminary data

* GDP at current prices

LVL, millions

Q1/08

3433.42

3999.42

** Value added

LVL, millions

Q1/08

3030.65

3528.03

*** Agriculture, hunting and forestry

LVL, millions

Q1/08

67.08

83.61

**** Agriculture, hunting and related service activities

LVL, millions

Q1/08

34.62

53.88

**** Forestry, logging and related services activities

LVL, millions

Q1/08

32.46

29.73

*** Fishing

LVL, millions

Q1/08

3.58

3.57

*** Mining and quarrying

LVL, millions

Q1/08

11.24

9.63

*** Manufacturing

LVL, millions

Q1/08

313.61

357.15

*** Electricity, gas and water supply

LVL, millions

Q1/08

103.55

96.61

*** Construction

LVL, millions

Q1/08

202.77

312.88

*** Services

LVL, millions

Q1/08

2328.81

2664.59

**** Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods

LVL, millions

Q1/08

648.82

673.57

**** Hotels and restaurants

LVL, millions

Q1/08

52.03

61.02

**** Transport, storage and communications

LVL, millions

Q1/08

314.88

353.71

**** Financial intermediation

LVL, millions

Q1/08

237.73

288.46

**** Real estate, renting and business activities

LVL, millions

Q1/08

516.68

564.57

**** Public administration and defence; compulsory social security

LVL, millions

Q1/08

191.91

312.44

**** Education

LVL, millions

Q1/08

143.98

163.17

**** Health and social work

LVL, millions

Q1/08

70.96

106.60

**** Other community, social and personal service activities

LVL, millions

Q1/08

151.84

141.06

** Taxes on products (minus subsidies)

LVL, millions

Q1/08

402.77

471.40

* GDP at constant prices

At 2000 prices,
LVL, millions

Q1/08

2126.87

2226.16

** Value added

LVL, millions

Q1/08

1952.04

1972.88

*** Agriculture, hunting and forestry

LVL, millions

Q1/08

41.63

47.13

**** Agriculture, hunting and related service activities

LVL, millions

Q1/08

21.61

26.56

**** Forestry, logging and related services activities

LVL, millions

Q1/08

20.02

20.57

*** Fishing

LVL, millions

Q1/08

2.47

1.79

*** Mining and quarrying

LVL, millions

Q1/08

6.05

6.09

*** Manufacturing

LVL, millions

Q1/08

213.14

230.58

*** Electricity, gas and water supply

LVL, millions

Q1/08

53.75

72.35

*** Construction

LVL, millions

Q1/08

137.46

166.35

*** Services

LVL, millions

Q1/08

1497.55

1448.60

**** Wholesale and retail trade; repair of motor vehicles, motorcycles and personal and household goods

LVL, millions

Q1/08

451.49

415.01

**** Hotels and restaurants

LVL, millions

Q1/08

27.83

30.38

**** Transport, storage and communications

LVL, millions

Q1/08

249.72

260.70

**** Financial intermediation

LVL, millions

Q1/08

113.02

131.71

**** Real estate, renting and business activities

LVL, millions

Q1/08

338.48

306.41

**** Public administration and defence; compulsory social security

LVL, millions

Q1/08

107.36

123.23

**** Education

LVL, millions

Q1/08

68.33

74.76

**** Health and social work

LVL, millions

Q1/08

50.00

38.44

**** Other community, social and personal service activities

LVL, millions

Q1/08

91.33

67.94

** Taxes on products (minus subsidies)

LVL, millions

Q1/08

174.82

253.28

Production Index

Volume of industrial production 2000=100
Preliminary data

Jun/08

136.3

134.7

From January 2003 the data are seasonally adjusted.

Employment

Thousand persons, quarterly;
Preliminary data

Q1/08

1137.8

1148.8

Labour Force Survey data

Number of unemployed persons (according ILO definition)

Thousand persons; Preliminary data

Q1/08

79.7

64.3

Labour Force Survey data

Share of unemployed persons in economically active population (unemployment rate)

% of economically active population; Preliminary data

Q1/08

6.5

5.3

Labour Force Survey data

Wages/Earnings

LVL, average monthly gross earnings;
Final data

Q1/08

453

446

Consumer Prices

Consumer Price index 2000=100 4/Final data

Jul/08

166.8

166.3

Producer Prices

Producer Price index 2000=100 4/Preliminary data

Jun/08

180.2

177.8

* - Data revised

 

SDDS Data Category and Component

Unit Description

Data Observations

More info

Period of latest data

Latest data

Data for previous period

FISCAL SECTOR

General Government or Public
Sector Operations

Preliminary data

* Revenue (net)

LVL, thousands

Jul/08

463696

473298

* Expenditure (net)

LVL, thousands

Jul/08

528447

580485

* Balance, Financial Deficit/Surplus

LVL, thousands

Jul/08

-64751

-107187

* Financing

LVL, thousands

Jul/08

64751

107187

** Currency and deposits

LVL, thousands

Jul/08

46568

81286

 
** Securities other than shares, excluding financial derivatives, purchased

LVL, thousands

Jul/08

49

10542

 
** Securities other than shares, issued

LVL, thousands

Jul/08

18426

17334

 
** Loans (net)

LVL, thousands

Jul/08

228

-343

 
** Loans granted (net)

LVL, thousands

Jul/08

1179

33

 
** Shares and other equity, excluding mutual funds shares

LVL, thousands

Jul/08

-679

-1759

 
** Mutual funds shares

LVL, thousands

Jul/08

-1079

95

 

Central Government Operations

Preliminary data

* Revenue (net)

LVL, thousands

Jul/08

384027

386304

* Expenditure (net)

LVL, thousands

Jul/08

430069

421436

* Balance, Financial Deficit/Surplus

LVL, thousands

Jul/08

-46042

-35132

*Financing

LVL, thousands

Jul/08

46042

35132

** Currency and deposits

LVL, thousands

Jul/08

35625

19450

 
** Securities other than shares, excluding financial derivatives, purchased

LVL, thousands

Jul/08

0

10542

 
** Securities other than shares, issued

LVL, thousands

Jul/08

18426

17334

 
** Loans (net)

LVL, thousands

Jul/08

647

7

 
** Loans granted (net)

LVL, thousands

Jul/08

-8656

-12201

 
** Shares and other equity, excluding mutual funds shares

LVL, thousands

Jul/08

47

0

 
** Mutual funds shares

LVL, thousands

Jul/08

0

0

 

Central government debt

Final data

* Total central government debt

LVL, thousands

Jul/08

1368787

1350449

 

*Central government domestic debt
by original maturity

LVL, thousands

Jul/08

477986

458819

 

**Central government domestic debt
by original maturity in national currency

LVL, thousands

Jul/08

477985

458818

 

*** Short - term debt

LVL, thousands

Jul/08

109246

92479

 

**** Government Treasury bills 1/

LVL, thousands

Jul/08

109109

92311

 

****Short - term loans

LVL, thousands

Jul/08

137

168

*** Medium – term debt

LVL, thousands

Jul/08

123955

123955

**** Government Treasury
medium – term bonds 1/

LVL, thousands

Jul/08

125155

123955

*** Long – term debt

LVL, thousands

Jul/08

243584

242384

 

**** Government Treasury long – term bonds 1/

LVL, thousands

Jul/08

243328

242128

 **** Long – term loans

LVL, thousands

Jul/08

256

256

 

** Central government domestic debt
in foreign currency

LVL, thousands

Jul/08

1

1

*** Short – term debt

LVL, thousands

Jul/08

1

1

****Short - term loans

LVL, thousands

Jul/08

1

1

*** Medium – term debt

LVL, thousands

Jul/08

0

0

*** Long – term debt

LVL, thousands

Jul/08

0

0

*Central government foreign debt
by original maturity

LVL, thousands

Jul/08

890801

891630

** Central government foreign debt
in national currency

LVL, thousands

Jul/08

0

0

** Central government foreign debt
in foreign currency

LVL, thousands

Jul/08

890801

891630

*** Short – term debt

LVL, thousands

Jul/08

0

0

*** Medium - term debt

LVL, thousands

Jul/08

0

0

*** Long- term debt

LVL, thousands

Jul/08

890801

891630

**** Loans

LVL, thousands

Jul/08

187997

188826

**** Eurobonds 2/

LVL, thousands

Jul/08

702804

702804

Debt guaranteed by central government

LVL, thousands;
Final data

Jul/08

202802

201103

SDDS Data Category and Component

Unit Description

Data Observations

More info

Period of latest data

Latest data

Data for previous period

FINANCIAL SECTOR

Analytical Accounts of the
Banking Sector

Final data

The Bank of Latvia

* M1

LVL, millions

Jun/08

3788.5

3731.2

* M2

LVL, millions

Jun/08

6401.9

6324.5

* M3

LVL, millions

Jun/08

6507.6

6432.6

* Netexternal assets

LVL, millions

Jun/08

-5158.8

-4933.0

* Loans to resident financial institutions, non-financial corporations and households

LVL, millions

Jun/08

14108.5

13916.6

* Credit to general government

LVL, millions

Jun/08

388.7

369.9

* Deposits of central government

LVL, millions

Jun/08

500.5

549.9

Analytical Accounts of the Central Bank

Final data

The Bank of Latvia

*Monetary base

LVL, millions

Jul/08

2429.7

2441.1

*Net lending to the central government (net)

LVL, millions

Jul/08

-336.3

-390.6

*Credits to MFIs

LVL, millions

Jul/08

0.0

0.0

*Net foreign position

LVL, millions

Ju/08

2891.0

2946.1

Interest Rates

The Bank of Latvia

* Refinancing rate

% per annum

May/18/07 5

6.0

5.5 6

* Treasury bill discount rates

3 - month bills

% per annum

Aug/15/01

5.8

12 - month bills

% per annum

Aug/06/08

6.5

* Treasury bond fixed income rates

.

2 - year bonds

% per annum

Mar/28/07

5.9

3 - year bonds

% per annum

Nov/19/03

3.9

5 - year bonds

% per annum

Aug/06/08

6.8

10 - year bonds

% per annum

Sep/13/06

3.5

11 - year bonds

% per annum

Augl/06/08

6.8

   

Stock Market: Share price index

Daily

OMXR Stock Index

SDDS Data Category and Component

Unit Description

Data Observations

More info

Period of latest data

Latest data

Data for previous period

EXTERNAL SECTOR

Balance of Payments

Final data

* Current account

LVL, thousands

Q1/08

-666188

-708821

The Bank of Latvia

* Imports of goods and services

LVL, thousands

Q1/08

-2204334

-2293293

*Exports of goods and services

LVL, thousands

Q1/08

1587605

1630996

*Net income receipts

LVL, thousands

Q1/08

-111868

-138007

*Net receipts from current
transfers

LVL, thousands

Q1/08

62409

91484

* International reserves (reserve assets)

LVL, thousands

Q1/08

-201393

-110752

* Financial transactions (without reserve assets)

LVL, thousands

Q1/08

895580

681325

International Reserves

Final data 7/

International Reserves (Total Official Reserves)

USD, millions

Jul/08

6386.81

6529.12

The Bank of Latvia

International Reserves (Total Official Reserves)

LVL, millions

Jul/08

2880.45

2918.51

International Reserves / Foreign Currency Liquidity

Final data

International Reserves / Foreign Currency Liquidity

USD, millions

Jun/08

6529.12

6566.27

The Bank of Latvia

Merchandise Trade

Preliminary data

* Total exports

LVL, thousands
(valued on a f.o.b. basis)

Jun/08

356535.9

369701.2

* Total imports

LVL, thousands
(valued on c.i.f. basis)

Jun/08

609611.1

599041.8

Net International Investment Position

LVL, thousands
Final data

Q1/08

-11715843

-11053642

The Bank of Latvia

* Assets

LVL, thousands

Q1/08

11117875

11675966

** Direct investment abroad

LVL, thousands

Q1/08

432401

375591

** Portfolio investment

LVL, thousands

Q1/08

1112825

1213335

*** Equity

LVL, thousands

Q1/08

161647

186032

*** Debt

LVL, thousands

Q1/08

951178

1027303

** Financial derivatives

LVL, thousands

Q1/08

109016

48685

** Other investment

LVL, thousands

Q1/08

6555579

7251392

** Reserve assets

LVL, thousands

Q1/08

2908053

2786962

* Liabilities

LVL, thousands

Q1/08

22833718

22729608

** Direct investment in Latvia

LVL, thousands

Q1/08

5297844

5078471

** Portfolio investment

LVL, thousands

Q1/08

1106557

845299

*** Equity

LVL, thousands

Q1/08

168361

182009

*** Debt

LVL, thousands

Q1/08

938196

663290

** Financial derivatives

LVL, thousands

Q1/08

49372

53215

** Other investments

LVL, thousands

Q1/08

16379945

16752623

Net position

Final data

* Direct investment

LVL, thousands

Q1/08

-4865443

-4702880

* Portfolio investment

LVL, thousands

Q1/08

6268

368036

** Equity

LVL, thousands

Q1/08

-6714

4023

** Debt

LVL, thousands

Q1/08

12982

364013

* Financial derivatives

LVL, thousands

Q1/08

59644

-4530

* Other investments

LVL, thousands

Q1/08

-9824366

-9501231

* Reserve assets

LVL, thousands

Q1/08

2908053

2786962

External Debt

Final data

External Debt

LVL, millions

Q1/08

18838.65

18725.83

The Bank of Latvia

External Debt

USD, millions

Q1/08

42334.05

38689.73

Exchange Rate 3/

Daily

The Bank of Latvia

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

Jun/08

2267

2268.6

Population

Footnotes:

1/ The data are at nominal value. (Back)

2/ The data are at nominal value. (Back)

3/ Only official exchange rates and spot rates are disseminated since forward market transactions are insignificant. (Back)

4/ Annual average (Back)

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

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

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

[ Real Sector | Fiscal Sector | Financial Sector | External Sector |

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