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In 2018, social protection expenditure increased by 11.5 %
In 2018 Latvian social protection expenditure accounted for EUR 4 440.2 million and, it has grown by EUR 457.9 million or 11.5 %, compared to 2017.
Latvian unemployment rate fell by 6.0 % in the 3rd quarter of 2019
Latvian unemployment rate constituted 6.0 % in the 3rd quarter of 2019. Compared to the previous quarter, unemployment rate fell by 0.4 percentage points, while over the year it reduced by 1.0 percentage points.
In the 3rd quarter of 2019, employed population of Latvia constituted 65.6 %
917.8 thousand people or 65.6 % of the population of Latvia aged 15–74 were employed in the 3rd quarter of 2019.
In the 3rd quarter, upturn in the number of tourists from the neighbouring countries
1.03 million foreign and Latvian visitors stayed at Latvian tourist accommodation establishments in the 3rd quarter of 2019, which is 0.5 % more than in the 3rd quarter of 2018.
In September value of goods exported from Latvia was 2.5 % larger than a year ago
In September 2019 the foreign trade turnover of Latvia amounted to EUR 2.44 billion, which at current prices was 1.6 % less than a year ago, of which the exports value of goods was 2.5 % higher, but imports value of goods was 4.6 % lower.
In the 3rd quarter of 2019, construction output grew by 5.9 %
Compared to the 3rd quarter of 2018, in the 3rd quarter of 2019 construction output increased by 5.9 % (according to calendar adjusted data at constant prices).
During the year, the average level of consumer prices increased by 2.3 %
In October 2019, compared to October 2018, the average level of consumer prices rose by 2.3 %. Prices of goods increased by 1.9 % and prices of services by 3.0 %.
Manufacturing output grew by 3.1 % in September
Compared to September 2018, in September 2019 industrial production output grew by 7.3 % (according to calendar adjusted data at constant prices).
Internet usage at households continues to increase
The share of households having access to the Internet at home is increasing each year – in 2019 it comprised 85.4 % of households.
In September retail trade turnover decreased by 0.4 %
Calendar adjusted data (at constant prices) show that, compared to September 2018, in September 2019 total retail trade turnover fell by 0.4 %. Turnover of retail trade in food products grew by 0.8 %. Turnover of retail trade in non-food products (except for retail sale of automotive fuel) decreased by 1.4 %, but of automotive fuel – by 0.2 %.
According to the flash estimate, GDP rose by 2.8 % in the 3rd quarter
Compared to the 3rd quarter of 2018, in the 3rd quarter of 2019 the gross domestic product (GDP) value increased by 2.8 % (seasonally and calendar non-adjusted data).
In September, construction costs increased by 0.2 %
Compared to August, in September 2019 the level of construction costs in Latvia grew by 0.2 %. Prices of building materials rose by 0.3 %, labour remuneration of workers by 0.2 %, while maintenance and operational costs of machinery and equipment declined by 0.1 %.
During two years use of social media in enterprises rose by 10.9 percentage points
99 % of Latvian enterprises used internet at the beginning of 2019 and 64.2 % of enterprises had their own website.
In September, level of producer prices in industry decreased by 0.3 %
Compared to August, in September 2019 the level of producer prices in Latvian industry dropped by 0.3 %.
General government budget deficit amounts to 214.3 million euros
In 2018 general government budget deficit accounted for EUR 214.3 million or 0.7 % of the Gross Domestic Product and general government consolidated gross debt at the end of 2018 amounted to EUR 10.6 billion or 36.4 % of the GDP.
14 thousand births recorded over the nine months of 2019
During the nine months of 2019, 14 130 births were registered, which is 550 children fewer than in the respective period of 2018.
In August value of goods exported from Latvia was 2.1 % smaller than a year ago
In August 2019 the foreign trade turnover of Latvia amounted to EUR 2.37 billion, which at current prices was 9.5 % less than in August 2017, of which the exports value of goods was 2.1 % lower, but imports value of goods – 15.1 % lower.
A new tool visualises Latvia’s exports, imports and trade flows
The Central Statistical Bureau launched a data visualisation tool that gives an overview on foreign trade of goods of Latvia. Import and export statistics tool is available on website https://eksports.csb.gov.lv/en.
During the year, the average level of consumer prices increased by 2.6 %
In September 2019, compared to September 2018, the average level of consumer prices rose by 2.6 %. Prices of goods increased by 2.4 % and prices of services by 3.0 %.
In August, industrial production output rose by 2 %
Compared to August 2018, in August 2019 industrial production output increased by 2 % (according to calendar adjusted data at constant prices).