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Analytics

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

Forecast of the Latvian economy

2021 2022 2023p 2024p
Real GDP changes (%) 4.1 2.8 0.4 2.7
Inflation (annual average, %) 3.3 17.3 9.0 2.9
General government consolidated budget balance, ESA 95 (% of GDP) -7.0 -4.4 -3.2 -2.2
Manufacturing output (%) 7.3 2.6 -0.3 3.5
Retail turnover (%) 2.5 4.2 2.0 4.5
Proportion of job seekers (%) 7.6 6.9 7.1 6.6
Change in average gross earnings (%) 11.8 7.5 8.5 8.1

* Preliminary data. SEB forecasts. Data updated: 11.05.2023.

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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