Official statistics
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GDP is Eurostat's quarterly national accounts, seasonally and calendar adjusted. Figures before Latvia joined the euro in 2014 are converted from lats at the fixed rate of 0.702804 lats per euro.
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Inflation is the EU's harmonised index (HICP), the measure the ECB targets; the Central Statistical Bureau also publishes a national CPI, which can differ by a few tenths. Latvia joined the euro on 1 January 2014 and has had no policy rate of its own since: the rate shown is the European Central Bank's deposit facility rate, from that date. Before 2014 Latvijas Banka kept the lats pegged, to the IMF's SDR basket from 1994 and to the euro from 2005, which is not shown.
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Unemployment is Eurostat's monthly, seasonally adjusted rate (ILO definition, ages 15 to 74). The State Employment Agency's registered unemployment, sometimes quoted in Latvian news, is a different measure. Employment and participation rates are Eurostat's seasonally adjusted Labour Force Survey figures for ages 15 to 64, from 2009.
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Goods trade is Eurostat's monthly total with the rest of the world, in euros. Latvia usually imports more goods than it exports.
Goods trade only. Services aren't covered by this data source and aren't shown here, so relationships that lean heavily on services may be understated.
Illustrative 2024 figures, US$bn
Illustrative fallback shows 13 major partners. Once live, every partner UN Comtrade has data for is fetched: the radial view shows the top 20 by value, the map shows the top 50, and the ranking list can be expanded to show the top 50 too.
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Debt and the budget balance are Eurostat's excessive deficit procedure figures for general government, calendar years, so the latest year is a year ahead of the IMF's. Debt rose sharply in the 2008-09 crisis, when Latvia took an international rescue loan.
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The 10-year yield is Eurostat's monthly long-term interest rate for convergence purposes, which runs about a month behind; it rose above 13% in the 2008-09 crisis. The exchange rates are the Federal Reserve's daily euro rates, shared with every euro area page. Business confidence is the OECD's indicator, where 100 is the long-run average.