Latvia's Economic and Financial Outlook
Improved Competitiveness and Value-Added Products Drive Exports
Favourable position in both price and quality competitiveness underpins strong current account position.
Export of Goods and Services
(2010=100)
Goods Exports Growth
(% growth between 2009 and 2017)
121.5%
130
125
120
115
EU-28: 66.4%
110
105
100
95
90
85
2010
2011
2012
2013
2014
2015
2016
2017
Latvia
A/A3/A-
Czech
AA-/A1/AA-
Estonia
Austria
Belgium
France
Finland
AA-/A1/AA-AA+/Aa1/AA+ AA/Aa3/AA- AA/Aa2/AA AA+/Aa1/AA+
Czech Republic
Estonia
Lithuania
Slovak Republic
Latvia
Slovenia
Source: World Trade Organization
Source: Eurostat
6208642
16
14
12
10
High-Tech Exports (% of Total Exports)
Current Account Balance (%GDP)
1.6%
0.7%
4.2%
-0.5%
-1.0%
-1.7%
-2.7%
0
-3.6%
2007 2008 2009
2010 2011 2012 2013 2014 2015
2016
2017
Germany
Latvia
2012
2013
2014
2015
2016
2017
2018
Q1'19
Source: Eurostat
13
Source: Bank of LatviaView entire presentation