Latvia GDP Growth Rate QoQ
Increasing consumption and credit in Latvia have been the primary drivers of the country's GDP growth in recent years. The most important sectors in the country include synthetic fibers, agricultural machinery, fertilizers, radios, electronics, medicines, processed foods, textiles, and timber. Among the expenditure components of GDP, household consumption dominates, accounting for 61% of total usage. Gross fixed capital formation (23%) and government expenditure (18%) are the next most important components. Exports of goods and services account for 59% of total GDP, while imports account for 62%, resulting in a 3% reduction in total GDP as a result of the trade imbalance. Latvia became a member of the Eurozone in 2014.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Komunikācijas apskats (EUR)
| Simbols | Kopienas Trend (Shorts vs Longs) | Simbolu popularitāte | Vid. pārdošanas cena / Distance no cenas | Vid. pirkšanas cena / Distance no cenas | Pašreizējā cena | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0688 -38 pips |
1.0816 -90 pips |
1.07260 | |
| EURAUD |
|
|
1.6267 -69 pips |
1.6423 -87 pips |
1.63360 | |
| EURJPY |
|
|
157.9069 -690 pips |
165.7703 -96 pips |
164.810 | |
| EURCAD |
|
|
1.4587 -77 pips |
1.4703 -39 pips |
1.46641 | |
| EURCHF |
|
|
0.9608 -154 pips |
0.9851 -89 pips |
0.97620 | |
| EURCZK |
|
|
25.3748 +4606 pips |
0 +249142 pips |
24.91420 | |
| EURGBP |
|
|
0.8546 -9 pips |
0.8584 -29 pips |
0.85551 | |
| EURHUF |
|
|
383.9741 -489 pips |
390.8705 -201 pips |
388.86 | |
| EURNOK |
|
|
11.0608 -7312 pips |
11.8782 -862 pips |
11.7920 | |
| EURNZD |
|
|
1.7825 -157 pips |
1.8047 -65 pips |
1.79821 |
News (EUR)
Eurozone Exits Recession In Q1
The euro area economy expanded in the first quarter after two consecutive declines as all big four economies exhibited better performance, boosting hopes of a sustained recovery this year. Gross domestic product grew by a faster-than-expected 0.3 percent sequentially following a 0.1 percent fall each in the fourth and third quarters of 2023, preliminary flash estimates from Eurostat showed.
RTTNews | 2 days ago
Germany Skirts Recession In Q1
The German economy avoided a recession in the first quarter on exports and investment in construction, preliminary data from Destatis showed on Tuesday. Gross domestic product grew a more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding three months.
RTTNews | 2 days ago
German Inflation Steady At 2.2%
Germany's consumer prices logged a steady pace of increase in April reflecting the stickiness of inflation despite the disinflationary pressure gaining strength over recent months. The consumer price index posted an annual growth of 2.2 percent, which was the same rate as seen in March and weaker than economists' forecast of 2.3 percent. The current 2.2 percent inflation was the lowest since 2021.
RTTNews | 3 days ago
