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In the 4th quarter of 2018, hourly labour costs grew by 13.1 %
Compared to the 4th quarter of 2017, in the 4th quarter of 2018 hourly labour costs rose by EUR 1.05 or 13.1 %, reaching EUR 9.06. Seasonally adjusted data show smaller increase – 11.9 %.
In 2018, number of job vacancies rose by 5.7 thousand or 33.4 %
In 2018 there were 22.7 thousand job vacancies in Latvia, which is 5.7 thousand vacancies or 33.4 % more than in 2017.
Last year, 35.7 % of households paid for usual necessary expenses with difficulty
In 2018 the share of households making ends meet with difficulty or great difficulty constituted 35.7 %, which is 7.9 percentage points more than in 2017.
In January foreign trade turnover of Latvia was 0.1 % smaller than a year ago
In January 2019, the foreign trade turnover of Latvia amounted to EUR 2.07 billion, which at current prices was 0.1 % less than a year ago, of which the exports value of goods was 0.6 % lower, but imports value of goods was 0.3 % higher.
During the year, the average level of consumer prices increased by 2.9 %
In February 2019, compared to February 2018, the average level of consumer prices rose by 2.9 %. Prices of both goods and services grew by 2.9 %.
In 2018, housing costs on average constituted EUR 150 monthly
In 2018 housing costs on average constituted EUR 150 per household monthly. Over the year, housing costs grew by 8.8 %.
In January 2019, industrial production output fell by 1.8 %
Data compiled by the Central Statistical Bureau show that, compared to January 2018, in January 2019 industrial production output decreased by 1.8 % (according to calendar adjusted data at constant prices).
In 2018, increase recorded in both freight and passenger transport
Compared to 2017, in 2018 the volume of freights carried by land and via pipelines increased by 13.4 million tonnes or 11.7 % and freight turnover rose by 8.2 %.
In 2018, average earnings constituted EUR 1 004
In 2018 the average gross wages and salaries for full-time work in Latvia comprised EUR 1004.
GDP up by 4.8 % in 2018 and by 5.1 % in Q4
In 2018 economic growth continued, as gross domestic product increased by 4.8 %, compared to 2017. Last year, GDP at current prices constituted EUR 29.5 billion.
In January, retail trade turnover grew by 1.2 %
Compared to January 2018, in January 2019 the total retail trade turnover rose by 1.2 %.
In January, construction costs dropped by 0.2 %
Data of the Central Statistical Bureau show that, compared to December 2018, in January 2019 the level of construction costs in Latvia reduced by 0.2 %.
In 2018, 64.5 % of population in Latvia were employed
909.4 thousand or 64.5 % of Latvia population aged 15–74 were employed in 2018.
In 2018, Latvian unemployment rate constituted 7.4 %
72.8 thousand people were unemployed in 2018. Compared to 2017, number of unemployed persons dropped by 12.6 thousand or 14.8 %.
In January level of producer prices in industry increased by 0.1 %
Compared to December 2018, in January 2019 the level of producer prices in Latvian industry rose by 0.1 %.
Long-running drought of 2018 resulted in the lowest cereal yield over the past seven years
In 2018 harvested production of grain constituted 2.1 million tonnes, which is 635.2 thousand tonnes or 23.6 % less than a year ago and the smallest harvested production recorded over the past five years.
Number of foreign visitors hosted at Latvian tourist accommodation establishments has grown by 8.2 %
In 2018 foreign trade turnover of Latvia was EUR 2.25 billion larger than a year ago
In 2018, the foreign trade turnover of Latvia at current prices reached EUR 27.8 billion – EUR 2.25 billion or 8.8 % more than in 2017.
During the year, the average level of consumer prices increased by 3.0 %
In January 2019, compared to January 2018, the average level of consumer prices rose by 3.0 %. Prices of goods increased by 3.0 % and prices of services by 3.2 %.
In 2018, construction output grew by 21.9 %
Compared to 2017, in 2018 construction output increased by 21.9 % (according to calendar adjusted data at constant prices).