Domestic Demand in Latvia
Latvia recorded an average growth rate of 2.9% in domestic demand in the decade to 2022, above the Euro Area average of 1.3%. In 2022, domestic demand growth was 4.4%.
Latvia Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Latvia from 2022 to 2021.
Source: Macrobond.
Latvia Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 2.3 | -4.0 | 10.7 | 1.0 | 3.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Latvian demand projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Latvian demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Latvian demand projections.
Want to get access to the full dataset of Latvian demand forecasts? Send an email to info@focus-economics.com.