Portrait of an Ascending Sovereign Credit
Exports of goods in 2020 Q1 continue to grow
Exports continue to grow despite the delays in raw material supply chains impacted by Covid-19.
Export of Goods and Services (2010=100)
Goods Exports Growth
(% growth between 2009 and 2019)
220
200
180
160
180
140
120
160
100
140
80
60
120
40
100
20
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
0
Czechia
Estonia Latvia
Lithuania
Slovenia
Slovakia
Latvia
A+/A3/A-
Estonia
AA-/A1/AA-AA-/Aa3/AA-
Source: Eurostat
Source: Eurostat
High-Tech Exports (% of Total Exports)
Czechia
EU 28
Austria
Belgium
France
Finland
AA+/Aa1/AA+ AA/Aa3/AA- AA/Aa1/AA AA+/Aa1/AA+
Current Account Balance (%GDP)
16
14
12
10
8
6
-0.6%
4
-1.6%
2
-2.8%
0
-3.7%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2018
Latvia
Germany
2012
2013
Source: Eurostat
13
Source: Bank of Latvia
1.6%
1.3%
-0.3%
-0.6%
1.0%
3.8%
2014
2015
2016
2017
2018
2019 Q1'20 Q2'20View entire presentation