Financial News: Latvia GDP Growth Accelerates To 2.5%

Latvia GDP Growth Accelerates To 2.5%

11/28/2025 - 09:26:00 (RTTNews)

(RTTNews) - Latvia's economy expanded at a faster pace in the third quarter, preliminary data from the statistical office showed on Friday.

Gross domestic product rose a non-adjusted 2.5 percent year-on-year in the third quarter, following a 0.9 percent increase in the second quarter. The economy has been growing since the third quarter of 2024.

On the expenditure side, household expenditure rose 1.8 percent, and government consumption surged by 5.8 percent. Investments in gross fixed capital formation advanced sharply by 10.8 percent amid more investments in dwellings and other buildings and structures and machinery and equipment.

Exports of goods and services climbed 3.0 percent, and imports were 5.8 percent higher.

On a seasonally and calendar-adjusted basis, GDP also expanded 1.8 percent in the September quarter after rising 1.5 percent in the previous quarter.

On a quarterly basis, the seasonally and calendar-adjusted GDP expanded 0.6 percent in the third quarter after growing 0.3 percent in the June quarter.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves More Than Previously Estimated In January (05 hr(s), 28 min(s), 45 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

UK Private Sector Strengthens On Services Activity Upturn (07 hr(s), 53 min(s), 45 sec(s) ago)
(RTTNews) - The UK private sector grew the most since early 2024 in January, signalling continued ...Full Story»

Slovenian Consumer Confidence Strongest Since Early 2022 (07 hr(s), 59 min(s), 45 sec(s) ago)
(RTTNews) - Slovenian consumers remained less negative in January, and the confidence level rose t ...Full Story»

Iceland Producer Price Inflation Rises To 9-month High (08 hr(s), 17 min(s), 45 sec(s) ago)
(RTTNews) - Iceland's industrial producer price inflation accelerated further in December to t ...Full Story»

Eurozone Private Sector Logs Steady Growth (09 hr(s), 02 min(s), 45 sec(s) ago)
(RTTNews) - The euro area private sector logged a steady growth in January as manufacturing output ...Full Story»

French Manufacturing Confidence Strongest Since July 2022 (09 hr(s), 43 min(s), 45 sec(s) ago)
(RTTNews) - The confidence among French manufacturers strengthened further in January to the highe ...Full Story»

Taiwan Industrial Output Growth Accelerates; Retail Sales Rise Further (10 hr(s), 22 min(s), 45 sec(s) ago)
(RTTNews) - Taiwan's industrial production growth accelerated in December to the highest level ...Full Story»

German Private Sector Growth Accelerates (10 hr(s), 48 min(s), 45 sec(s) ago)
(RTTNews) - Germany's private sector grew at a faster pace in January, driven by higher output ...Full Story»