|
Latvia - ECONOMIC INDICATORS |
|
|
|
| Indicators |
2005
|
2006
|
| GDP (USD billion) |
15.724
|
17.623
|
| Real GDP growth (constant prices) |
7.8
% |
6.8
% |
| GDP per capita (USD) |
6793.337
|
7629.191
|
| Inflation rate |
6.3
% |
5.1
% |
|
General economic indicators |
| Indicators |
2002
|
2003
|
2004
|
| GDP (USD billion) |
9.2
|
11.1
|
13.6
|
| Real GDP growth (constant prices) |
6.4
% |
7.5
% |
8.5
% |
| GDP per capita (USD) |
3802
|
4116
|
4502
|
| Inflation rate |
1.9
% |
2.9
% |
6.2
% |
| Unemployment rate |
12%
|
10.6%
|
..
|
| External debt (USD billion) |
7
|
9
|
..
|
|
Lats rate on 12/31 (1 US$)
|
0.5864
|
0.535
|
0.515
|
|
| Sources : IMF -
2005
data, World bank, Oanda |
| GDP per activity sector |
2002
|
2003
|
2004
|
|
Agriculture and fishing |
4.7%
|
4.5%
|
4.5%
|
|
Industry and mining |
24.7%
|
24.4%
|
24.6%
|
|
Services |
70.6%
|
71.0%
|
70.9%
|
|
| FDI inflows (USD million) |
2002
|
2003
|
2004
|
World rank |
| Foreign Direct Investments (F.D.I.) |
254
|
300
|
647
|
74
/ 197 |
|
| Source : UNCTAD "World Investment Report
2005
" |
| Indicators (USD billion) |
2002
|
2003
|
2004
|
| Imports of goods (f.o.b.) |
4.0
|
5.2
|
6.9
|
| Export of goods (f.o.b) |
2.5
|
3.2
|
4.2
|
| Trade balance |
-1.5
|
-2.0
|
-2.7
|
| Balance of payments |
-0.6
|
-0.9
|
-1.7
|
|
| Sources : World bank, IMF |
| Indicators |
2002
|
2003
|
2004
|
| Share of foreign trade in GDP |
101.5%
|
104.0%
|
101.6%
|
| Share of imports in GDP |
56.1%
|
56.9%
|
55.1%
|
| Share of exports in GDP |
45.5%
|
47.0%
|
46.5%
|
| Imports of goods and services (percent change) |
4.5%
|
5.1%
|
6.7%
|
| Exports of goods and services (percent change) |
6.3%
|
8.2%
|
7.9%
|
|
| Sources : World bank, IMF |
Trade in goods/services by major category |
|
2003
|
Imports |
Exports |
| Total Trade in Goods (USD billion): |
5.2
|
3.2
|
|
Agricultural raw materials |
3%
|
25%
|
| Food products |
12%
|
9%
|
| Hydrocarbons |
9%
|
1%
|
| Manufactured products (chemicals, machines,...) |
74%
|
60%
|
| Ores and metals |
2%
|
4%
|
| Other goods |
0%
|
1%
|
|
2003
|
Imports |
Exports |
| Total Trade in Services (USD billion): |
1
|
2
|
| Transport |
33%
|
60%
|
| Tourisme |
35%
|
15%
|
| Other services (insurance, financial services, telecommunications,...) |
32%
|
25%
|
|
|
Trade Data, by HS Code : |
|
|
|
|
Source : www.intracen.org, last available data |
Trade by partner countries |
Main clients
(% of exports) |
2004
|
|
Germany
|
12.2%
|
|
United Kingdom
|
12%
|
|
Sweden
|
9.8%
|
|
Lithuania
|
8.7%
|
|
Estonia
|
7.6%
|
|
Main suppliers
(% of imports) |
2004
|
|
Germany
|
13.5%
|
|
Lithuania
|
11.9%
|
|
Russian Federation
|
9.3%
|
|
Estonia
|
6.9%
|
|
Sweden
|
6.2%
|
|
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Last modified in
October 2005
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