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Analytics

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

Indicator 2023 2024p 2025p 2026p
Real GDP changes (%) -0.3 0.8 2.2 2.5
Inflation (annual average, %) 9.0 1.4 2.4 2.1
General government consolidated budget balance, ESA 95 (% of GDP) -2.2 -3.0 -2.9 -2.8
Manufacturing output (%) -5.1 -0.3 2.8 3.3
Retail turnover (%) -2.0 1.4 2.5 3.1
Proportion of job seekers (%) 6.5 6.8 6.6 6.5
Change in average gross earnings (%) 11.9 10.1 8.8 7.9

* Preliminary data. SEB forecasts. Data updated: 27.08.2024.

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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