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Analytics

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

Indicator20232024p2025p2026p
Real GDP changes (%)2.9-0.41.61.9
Inflation (annual average, %)9.11.33.42.2
General government consolidated budget balance, ESA 95 (% of GDP)-2.4-1.8-3.0-3.0
Manufacturing output (%)0.2-4.62.02.3
Retail turnover (%)-1.91.01.92.2
Proportion of job seekers (%)6.56.97.46.7
Change in average gross earnings (%)11.99.77.47.9

* Preliminary data. SEB forecasts. Data updated: 07.05.2025.

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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