Portrait of an Ascending Sovereign Credit
Exports of goods 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 Export Growth
(% growth between 2010 and 2020)
200
190
70
180
60
170
160
50
150
40
140
30
130
20
120
110
10
100
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Czechia
Estonia
Latvia
Lithuania
Slovenia
⚫Slovakia
Estonia
Latvia
Czechia
AA-/A1/AA- A+/A3/A- AA-/Aa3/AA-
EU 27
Austria
Belgium
France
Finland
AA+/Aa1/AA+ AA/Aa3/AA- AA/Aa1/AA AA+/Aa1/AA+
Source: Eurostat (20.10.2021)
High-Tech Exports (% of Total Exports)
Source: Eurostat (20.07.2021.)
Current Account Balance
(%GDP)
2.9%
16
14
1.6% 1.3%
12
10
8
6
-0.6%
-1.6%
-2.8%
-3.7%
-0.2%
-0.7%
-1.9%
4
2
-6.5%
0
2007
2008
2009
2010 2011 2012
2013
2014
2015
2016
2017
2018
2012
2013 2014
2015
2016
2017 2018
2019
2020 Q1'21 Q2'21
Germany
Latvia
Source: Bank of Latvia (20.09.2021.)
Source: Eurostat (20.10.2021.)
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