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Level of agricultural product prices grew by 1.5 % in 2019
In 2019, compared to 2018, price index of agricultural output increased by 1.5 %, which was mainly due to the 5 % rise in prices of livestock products. Price index of crop products grew by 0.9 %.
In the 2nd half of 2019 purchase prices of round timber fell significantly
In the 2nd half of 2019, compared to the 1st half of 2019, the average purchase prices both of coniferous round timber and of deciduous trees fell. The largest drop was recorded in the prices of black alder sawlogs in diameter 18–24 cm, while the smallest decline was observed in the prices of asp sawlogs in diameter 18–24 cm.
Retail trade turnover grew by 5.0 % in February
Compared to February 2019, in February 2020 total retail trade turnover rose by 5.0 %. Turnover of retail trade in food products grew by 3.0%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 8.2 %, but turnover of retail sale of automotive fuel – by 0.9 %.
In February, construction costs remained at the same level
Compared to January, in February 2020 the level of construction costs in Latvia remained at the same level. Labour remuneration of workers grew by 0.9 %, prices of building materials – decreased by 0.4 %, but maintenance and operational costs of machinery and equipment – by 0.2 %.
Decline in vocational education enrolments
In the school year 2019/2020 vocational education enrolments accounted for 26.8 thousand, which is 1.4 % less than a year ago. Data show that also the number of entrants has reduced by 4.6 %.
Number of dairy cows falls, but number of pigs and poultry grows
In 2019 number of dairy cows dropped by 6.1 thousand or 4.2 %, but number of non-dairy cows rose by 4.7 thousand or 9.2 %.
In February, level of producer prices in industry fell by 0.3 %
Compared to January, in February 2020 the level of producer prices in Latvian industry fell by 0.3 %.
Number of births, deaths and marriages in February 2020
In February 2020, 1 304 newborn were registered in civil status registry offices, which is 6 % less than in the same month of the previous year.
In 2019, average number of job vacancies rose by 6.4 thousand or 28.1 %
In 2019 there were 29.1 thousand job vacancies in Latvia, which is 6.4 thousand vacancies or 28.1 % more than in 2018.
In the 4th quarter of 2019, hourly labour costs grew by 7.7 %
Compared to the 4th quarter of 2018, in the 4th quarter of 2019 seasonally non-adjusted hourly labour costs rose by 7.7 % or 70 cents, reaching EUR 9.76. Seasonally adjusted data comprised 7.5 %.
CSB is suspending interviewer's home visits
Taking into account emergency situation declared throughout the national territory with a view to restrict the spread of Covid-19, as of March 13 the Central Statistical Bureau (CSB) is suspending interviewer's home visits.
Regarding the Declaration of Emergency Situation (supplemented 31 March 2020)
In the light of the statement by the World Health Organization of 11 March 2020 that COVID-19 has been confirmed as pandemic and based on Section 4, Paragraph one, Sub-clause ‘e’ of the Civil Protection and Disaster Management Law, and Section 4, Section 5, Paragraph one, Section 6, Paragraph one, Clause one and Paragraph two, Section 7, Paragraph one and Section 8 of the Law on Emergency Situation and State of Exception and Section 3, Paragraph two of the Epidemiological Safety Law, in order to determine the epidemiological safety and other measures:
Last year, 28.6 % of households made ends meet with difficulty
In 2019 the share of households who paid for usual necessary expenses with difficulty or great difficulty constituted 28.6 %, which is 7.1 percentage points less than in 2018.
In January foreign trade turnover of Latvia was 4.2 % larger than a year ago
In January 2020 the foreign trade turnover of Latvia amounted to EUR 2.24 billion, which at current prices was 4.2 % larger than a year ago, of which the exports value of goods was 7.2 % higher, but imports value of goods – 1.5 % higher.
During the year, the average level of consumer prices increased by 2.3 %
In February 2020, compared to February 2019, the average level of consumer prices rose by 2.3 %. Prices of goods increased by 1.9 % and prices of services by 3.1 %.
In January 2020, industrial production output fell by 4.5 %
Compared to January 2019, in January 2020 industrial production output decreased by 4.5 % (according to calendar adjusted data at constant prices). Output decline of 11 % was recorded in electricity and gas supply (drop in distribution of gaseous fuels through mains) and of 3.6 % in manufacturing, whereas output upturn of 10.7 % was registered in mining and quarrying.
Compared to 2018, in 2019 decrease recorded in freight transport
118 million tons of the freight was carried in transport by land and pipeline in 2019, which is a drop of 10.7 million tons (8.3 %) compared to 2018, when freight transport volume was the largest in the last five years. In 2019, freights transported to and from Latvian ports accounted for 62.4 million tonnes, which is 5.7 % less than in 2018, when freight transport volume also at ports was one of the largest in the last five years.
In 2019, housing costs an average constituted EUR 151 monthly
In 2019 housing costs on average constituted EUR 151 per household monthly, which is one euro more than a year ago. Share of housing costs in the total household expenditure keeps declining – last year households spent on average 12.2 % of their disposable income on housing costs (13.4 % in 2018).
In 2019, average earnings before taxes amounted to EUR 1 076
In 2019 the average gross wages and salaries for full-time work in Latvia comprised EUR 1 076. Compared to 2018, the average earnings rose by EUR 72 or 7.2 %.
GDP has grown by 2.2 % in 2019 and by 1.0 % in the 4th quarter
In 2019, as compared to 2018, the economic growth continued and Gross Domestic Product increased by 2.2 %.