Change language:


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

Indicator 2022 2023 2024p 2025p
Real GDP changes (%) 3.4 -0.4 1.9 2.7
Inflation (annual average, %) 17.2 9.0 1.5 2.4
General government consolidated budget balance, ESA 95 (% of GDP) -4.6 -2.2 -2.8 -2.5
Manufacturing output (%) 2.6 -5.1 1.3 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 11.9 8.8 7.7

* Preliminary data. SEB forecasts. Data updated: 08.05.2024.

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

Baltic Business Outlook

The Baltic Business Outlook is a compilation of SEB’s survey of small and medium-sized enterprises, which provides a vision of Baltic companies in five areas: turnover growth, employment, exports, innovation and investment.

Nordic Outlook

In the Nordic Outlook report, SEB experts give their quarterly views on economic events in the world, Europe and the Nordic countries. Attention is paid to both the key figures and current trends and policy decisions affecting the global economy.

Baltic CFO Outlook

The Baltic CFO Outlook is a survey of the financial directors of the Baltic companies, which summarises and analyses the mood of the financial directors of the largest companies in the Baltic States, their views on the business environment, investment plans and access to finance. The survey includes the financial directors of 200 companies across all three Baltic countries.

Investment Outlook

To support your business and investment decision making, we offer a range of reviews and news on events in the global economy and financial markets.