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Analytics

Forecasts and analysis of the Latvian and world economy by the SEB experts 

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Forecast of the Latvian economy

Indicator 2022 2023p 2024p 2025p
Real GDP changes (%) 3.4 -0.4 2.0 2.7
Inflation (annual average, %) 17.2 9.0 1.4 2.4
General government consolidated budget balance, ESA 95 (% of GDP) -4.6 -2.6 -2.8 -2.5
Manufacturing output (%) 2.6 -5.1 2.3 2.8
Retail turnover (%) 4.2 -2.0 1.9 2.5
Proportion of job seekers (%) 6.9 6.5 6.5 6.4
Change in average gross earnings (%) 7.5 11.5 8.2 7.7

* Preliminary data. SEB forecasts. Data updated: 23.01.2024.

This document is for information purposes only and does not contain recommendations. In case of use, reference is mandatory.

Additional questions, forecasts and comments:

Dainis Gašpuitis 
SEB macroeconomic expert
Phone: 67779994
E-mail: dainis.gaspuitis@seb.lv

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