Click on the button below to get started. Sign Up. Industrial production dipped 4. Read more. Consumer ticked edged up 0. The economy grew 1. Consumer prices fell 0. Industrial production fell 3. Major Economies. South-Eastern Europe. Sub-Saharan Africa. Central America. Monetary and Financial Sector. Precious Metals. Region Reports. Country Reports. Annual Subscriptions. Economic Forecasts from the World's Leading Economists.

This was mostly on the back of waning domestic demand as fixed investment contracted for the first time in three years and household spending growth slumped.

Sectors and Industries

Moreover, exports decelerated markedly in Q4, further weighing on the overall result. Turning toavailable data points to slightly healthier momentum in the first quarter.

Economic sentiment edged up to an month high and retail sales were upbeat in January, boding well for consumer demand at the outset of the year. External headwinds likely intensified, however, amid slowing global trade and the coronavirus fallout. Latvia Economic Growth The economy is expected to gain some steam this year. Upbeat household spending—supported by a tight labor market, rising wages and relatively low inflation—is set to lead the upturn, with healthy fixed investment growth further supporting domestic demand.

A volatile external environment is a major risk to the outlook, however. FocusEconomics panelists see GDP growing 2. Latvia Economy Data Population million 2. Sample Report 5 years of Latvia economic forecasts for more than 30 economic indicators. Latvia Economic News Latvia: Industrial output contracts at the sharpest rate in over 10 years in January March 10, Industrial production dipped 4. Read more Latvia: Growth slumps to over three-year low in Q4 February 28, The economy grew 1.

Read more Latvia: Industrial output contracts at the sharpest rate in nearly six years in December February 3, Industrial production fell 3. Search form Search.

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Unemployment Fiscal Balance Public Debt. International Reserves External Debt. Sugar Wheat Wool. All Countries.Industrial production in Latvia increased 0. Meantime, manufacturing output decreased 0. On a seasonally adjusted monthly basis, industrial production jumped 3 percent, after a 2 percent slump in the prior month.

industries in latvia

Industrial Production in Latvia averaged 3. This page provides the latest reported value for - Latvia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Latvia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on April of Industrial Production in Latvia is expected to be 2. Looking forward, we estimate Industrial Production in Latvia to stand at 3. In the long-term, the Latvia Industrial Production is projected to trend around 4.

Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Features Questions? Contact us Already a Member? It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Click here to contact us. Please Paste this Code in your Website. Go to our Calendar for more events. Or learn more about the Calendar API for direct access. News Stream. It was the largest decline in industrial activity since December ofamid contractions in the utilities percent vs On a seasonally adjusted monthly basis, industrial production shrank 1.

It was the second straight monthly fall and the sharpest since January Output fell further for manufacturing On a monthly basis, industrial production went down 0. It was the first decline in industrial activity since July, as production fell for manufacturing On a seasonally adjusted monthly basis, industrial production went down 1.

Latvia Industrial Production. In Latvia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

Compare Industrial Production by Country. Latvia Inflation Rate Lowest since The manufacturing segment is focused on wood processing, textiles, machinery, and food processing. Wood products, steel, chemicals, cement, and electronics are also manufactured.

However, the dependency on energy has checked the growth of the industry sector and created an imbalance in trade. With the recession leading to a decrease in the imports as well as investments in the industry sector, the sector suffered a contraction in its growth rate to Most of the Latvia industries have been privatized, keeping in mind the active contribution they make.

Only politically sensitive industries are state controlled. Privatization has also attracted FDI. With such inflow, Latvia could restructure its current account as well.

industries in latvia

However, for the Latvian industry sector to increase its productivity, it is essential that the country increases its energy production, which was insufficient till Once energy production is increased and reaches a self sufficient level, the Latvian industry will face major challenges to development and productivity. Latvia Industry Sectors, Latvia Industries. March 24, At the same time, Lithuania in the list is represented by 18 companies, which is two companies less from last year, and Estonia is represented by five companies, which is one company more than last year.

Latvian representatives are Rimi Latvia retailer, ranking th on the list, Uralchem Trading mineral fertilizers wholesaler, ranking st, Maxima Latvia retailer ranked in the th position, and Latvenergo power utility, ranking th. Poland is the leader among countries with companies, followed by Hungary with 75 companies, and the Czech Republic with 71 companies.

This is the ninth year of the Coface CEE TOP list of biggest companies in Central and Eastern Europe, which ranks companies based on their turnover figures and additional analysis factors. A subscription to The Baltic Times is a cost-effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection.

Four Latvian companies on the list of 500 biggest companies in Central and Eastern Europe

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Related Articles.Republic of Latvia. God bless Latvia! Comparatively, Latvia is slightly larger than the state of West Virginiawith a total area of 64, sq km 24, sq mi.

industries in latvia

Latvia shares boundaries with Estonia on the n, Russia on the e, Belarus on the s, Lithuania on the sw, and the Baltic Sea on the w. Latvia's land boundary length totals 1, km mi. Its coastline is km mi. Latvia's capital city, Riga, is located near the southern edge of the Gulf of Riga.

Latvian industries

The topography of Latvia consists mainly of a central and eastern lowland plains enclosed in areas of uplands consisting of moderate-sized hills. The nation's longest river is the Daugava Dvina ; which begins in Russia and passes through both Belarus and Latvia in its course to the Gulf of Riga. The total length of the Daugava is 1, km mi. The country's climate is influenced by geographical location and by its closeness to the North Atlantic Ocean. The average temperature in July is between In January the average temperature ranges between — 2.

The rainfall in the country is between 56 — 79 cm 22 — 31 in. Half of Latvia's soil is podzolic humus, which covers about one-third of the country's arable land. Species native to Latvia are the wild boar, Eurasian beaver, and brown bear. The Baltic Sea coast is home to a significant population of seals.

The routes of migratory birds pass along the Black Sea and over the country. As ofthere were at least 83 species of mammals, species of birds, and over 1, species of plants throughout the country. Air and water pollution are among Latvia's most significant environmental concerns and are largely related to a lack of waste treatment facilities. Inthe total of carbon dioxide emissions was at 6 million metric tons.

Cars and other vehicles account for a majority of the country's air pollution. Acid rain has contributed to the destruction of Latvia's forests.

Latvia's water supply is perilously polluted with agricultural chemicals and industrial waste. The Gulf of Riga and the Daugava River are both heavily polluted.

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According to a report issued by the International Union for Conservation of Nature and Natural Resources IUCNthreatened species included four types of mammals, eight species of birds, three species of fish, and eight species of invertebrates.Tell others. Rank Chemical goods, raw materials. LatvenergoAS. Power industry, projecting, construction. Computer technique, software.

Oil and oil products, biofuel. Rimi LatviaSIA. Fuel and gas filling stations. Hardware, constructions. Transportation, forwarding, logistics. Neste LatvijaSIA. Electric power supply, electric networks. Air Baltic CorporationAS.

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Airplane ticket reservation. Household equipment. Ship building, repair. Forest management. Railway transport. Itera LatvijaSIA. Heat supply.

TetSIA.

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SwedbankAS. Latvijas FinierisAS. Timber, wood processing, timber articles. Severstal DistributionSIA.

Latvian IT industry - safe and secure partner for your business in Latvia

All rights reserved! COM provides actual business information about Latvian firms and companies, industry news and reviews, as well as colourful section of virtual tours to places of interest in Latvia.If we can't tunnel through the Earth, how do we know what's at its center? All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.

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Industries and Professions. Wiki User Latvia's industrial base has centered mainly on heavy industries such as chemicals and petrochemicals, metal working, and machine building. Major manufactured items include railway carriages, buses, mopeds, washing machines, radios, electronics, and telephone systems. The main industries in France are Asked in Agriculture What are the main industries of Indiana? The main industries are agriculture, manufacturing, mining, transportation and service industries.

Asked in Alabama What is Alabama's main industries?

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The main industries of Alabama are agriculture, livestock, and mining. Asked in Industries and Professions What is Taiwans main industries? Taiwans main industries are fashion electronics and farming. Asked in Industries and Professions What are the main industries in northern Canada? The main industries in Guyana are Agriculture, Manufacturing, and Mining. The main industries of Jamaica are mining,manufacturing,construction,and energy.

Asked in Industries and Professions What are Washington state main industries? Asked in Latvia What is the religion of Latvia? Half of the population are atheists but the main religion of Latvia Christianity. Orthodox is too one of the religion. Asked in Philippines What are the main industries of the Philippines? Its industries are agriculture and fishing.

Asked in Poland, Mining What are Poland's main industries?


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