Projections revised in March 2022 for the preparation of Latvia's Stability Programme 2022-2025

 

2021

2022

2023

2024

2025

 

 

Forecast

Gross domestic product (GDP)

 

 

 

 

 

current prices (mln euro and growth, %)

32 917

10.9

6.8

6.1

5.8

constant prices (mln euro and growth, %)

27 904

2.1

2.5

3.3

3.4

GDP deflator (y-o-y), %

6.7

8.7

4.2

2.7

2.3

Consumer price index (y-o-y), %

3.3

8.5

3.5

2.5

2.0

Average monthly gross wage (euro and growth at current prices, %)

1 277

6.0

5.7

5.3

5.0

Employment (thsds and growth rate, %)

864

1.3

0.4

0.0

0.0

Jobseeker rate (annual average), %

7.6

7.6

6.7

6.2

5.9

Exports of goods and services

 

 

 

 

 

current prices (mln euro and growth, %)

21 051

11.6

4.9

7.2

8.2

constant prices (mln euro and growth, %)

18 138

-3.0

-0.1

4.0

5.0

Imports of goods and services, mln euro

 

 

 

 

 

current prices (mln euro and growth, %)

21 734

10.7

5.7

7.9

7.7

constant prices (mln euro and growth, %)

20 773

-2.0

1.7

3.7

4.0