Projections revised in June 2020 for the preparation of Latvia's medium term budget framework 2021-2023

  2019 2020 2021 2022 2023
    Forecasts
Gross domestic product (GDP)          
current prices (mln euro and growth, %) 30476 -7,4 6,5 5,3 5,2
constant prices (mln euro and growth, %) 27497 -7,0 5,1 3,1 3,1
GDP deflator (y-o-y), % 2,6 -0,5 1,3 2,0 2,0
Consumer price index (y-o-y), % 2,8 0,2 1,2 2,0 2,0
Average monthly gross wage (euro and growth at current prices, %) 1076 -1,0 3,0 5,0 5,0
Employment (thsds and growth rate, %) 910 -4,4 0,6 1,0 -0,1
Jobseeker rate (annual average), % 6,3 10,5 9,8 8,1 7,3
Exports of goods and services          
current prices (mln euro and growth, %) 18257 -14,8 7,7 4,6 5,7
constant prices (mln euro and growth, %) 17381 -10,3 6,5 3,0 4,0
Imports of goods and services, mln euro          
current prices (mln euro and growth, %) 18240 -16,3 9,0 6,3 6,5
constant prices (mln euro and growth, %) 18434 -11,5 6,8 3,2 3,4