Latvia: economic indicators
Structure of foreign trade 1995 - Export
Structure of foreign trade 1995 - Import
FDI by country (1991-1995)
Dynamics of GDP by branch 1990-1995

Latvia: economic indicators

	1992	1993	1994	1995	1996
Private sector: % GDP	31	47	53	60	n/a
Growth rate: %	-35	-15	2	0.9	1
Unemployment: %	2.1	5.3	6.5	6	n/a
Inflation: %	958	35	26.1	23.1	20.2
Budget balance: % GDP	-0.8	0.6	-4.2	-4.5	-3
Trade balance (US$m)	-40	3	-301	n/a	n/a
Current account balance (US$m)	191	417	201	n/a	n/a
Overall balance (US$m)	37	298	57	n/a	n/a
Foreign currency reserves: months' imports	2	4.4	4.5	3.6	n/a
National interest rates	n/a	86.36	55.86	34.56	n/a
Social security spending (% total spending)	n/a	n/a	36.69	n/a	n/a
Exchange rate: leva to US$1.00	0.843	0.595	0.548	0.537	0.552

Source: EBRD, IMF and others

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Structure of foreign trade 1995 - Export

Export industry	Percentage of export trade
Wood and articles of wood	25 per cent
Textiles	13 per cent
Machinery and electrical equipment	11 per cent
Foodstuffs	8 per cent
Base metals	7 per cent
Chemicals	4 per cent
Animal products	3 per cent
Transport vehicles	2 per cent
Leather	1 per cent
Footwear	1 per cent
Building materials	1 per cent
Other goods	20 per cent
Miscellaneous manufactured articles	4 per cent

Source: Latvian Development Agency

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Structure of foreign trade 1995 - Import

Import industry	Percentage of import trade
Machinery and electrical equipment	20 per cent
Minerals	19 per cent
Chemicals	9 per cent
Base metals	5 per cent
Transport vehicles	4 per cent
Textiles	4 per cent
Plastics	3 per cent
Timber products	2 per cent
Foodstuffs	1 per cent
Animal products	1 per cent
Vegetable products	1 per cent
Footwear	1 per cent
Optical instruments	1 per cent
Other goods	27 per cent
Miscellaneous manufactured articles	1 per cent

Source: Latvian Development Agency

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FDI by country (1991-1995)

Country	Percentage of FDI
United Kingdom	18 per cent
USA	14 per cent
Denmark	12 per cent
Finland	9 per cent
Germany	7 per cent
Russia	6 per cent
Ireland	5 per cent
Netherlands	4 per cent
Switzerland	4 per cent
Sweden	3 per cent
Other	18 per cent

Source: Latvian Development Agency

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Dynamics of GDP by branch 1990-1995
(at constant 1993 prices, in per cent, 1990=100)

	1991	1992	1993	1994	1995
Gross domestic product (GDP) of which:	89.60	58.40	49.70	50.00	49.20
Gross value added at basic prices	88.90	57.50	49.30	49.70	48.90
Agriculture, hunting and forestry	98.00	69.50	56.00	47.30	46.30
Fishing	96.90	46.90	37.50	35.50	39.90
Mining & quarrying	88.00	48.00	32.20	45.40	38.60
Manufacturing	100.40	51.50	34.80	31.10	28.80
Electricity, gas and water supply	97.20	68.40	54.90	53.80	53.70
Construction	59.40	24.40	12.30	13.70	16.00
Services	88.20	74.90	79.90	86.80	86.10
Taxes on products (minus subsidies)	96.90	67.10	53.70	53.40	52.20

Source: Latvian Development Agency