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Country Report Latvia 1st Quarter

  • ID: 2403306
  • Country Profile
  • February 2020
  • Region: Latvia
  • The Economist Intelligence Unit
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Latvia's current government took office in late January 2019, breaking the three-month political deadlock that followed the October 2018 general election. It is a centre-right, five-party coalition, led by the prime minister, Krisjanis Karins, from New Unity.

The Economist Intelligence Unit expects the government to last a full term, to 2022. The coalition has a comfortable majority, holding 61 of the 100 parliamentary seats. However, the presence of new, inexperienced parties in government poses risks to political stability.

Latvia will continue to run narrow budget deficits in the forecast period (2020-24), after an estimated deficit of 0.8% of GDP in 2019. Broad political consensus on fiscal prudence will ensure that the deficit remains well within the EU's limit of 3% of GDP.
Note: Product cover images may vary from those shown
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Country Report Latvia 1st Quarter

Briefing sheet
Political and economic outlook
Key changes since November 1st
The quarter ahead
Major risks to our forecast

Outlook for 2020-24: Political stability

Outlook for 2020-24: Election watch

Outlook for 2020-24: International relations

Outlook for 2020-24: Democracy Index: Latvia
Democratic processes and civil liberties are well developed
Note on methodology

Outlook for 2020-24: Policy trends

Outlook for 2020-24: Fiscal policy

Outlook for 2020-24: Monetary policy

Outlook for 2020-24: International assumptions

Outlook for 2020-24: Economic growth

Outlook for 2020-24: Inflation

Outlook for 2020-24: Exchange rates

Outlook for 2020-24: External sector

Outlook for 2020-24: Forecast summary

Data and charts: Annual data and forecast

Data and charts: Quarterly data

Data and charts: Monthly data

Data and charts: Annual trends charts

Data and charts: Monthly trends charts

Data and charts: Comparative economic indicators

Basic data
Land area
Main towns
Weights and measures
Fiscal year
Public holidays

Political structure
Official name
Form of state
Legal system
National legislature
Electoral system
National elections
Head of state
National government
Main political parties
Key ministers
Central bank governor
Note: Product cover images may vary from those shown
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