Latvia Q4 GDP Growth Strongest Since 2023

EthereumCraftsman · 2026-02-27T11:30:21+00:00

Latvia's economy grew by 2.9% in Q4 2025, the highest since Q1 2023, led by strong manufacturing, construction, and trade. However, sectors like agriculture and transportation saw declines. Annual growth for 2025 was 2.1%.

EthereumCraftsman

2026-02-27 11:30:21

Abstract generation in progress

The economy of Latvia expanded by 2.9% year-on-year in the fourth quarter of 2025, accelerating from an upwardly revised 2.6% growth in the previous quarter. This marked the strongest economic expansion since Q1 2023, driven primarily by robust performances in manufacturing (6.8%), construction (10.0%), trade (2.6%), information and communication (7.4%), commercial services (6.6%), human health and social work activities (4.4%), and arts, entertainment, and recreation (3.3%). In contrast, agriculture, forestry, and fishing (-8.6%), transportation and storage (-3.5%), financial and insurance activities (-1.6%), and education (-1.2%) experienced declines. On a seasonally adjusted quarterly basis, GDP rose 0.6% in Q4, slightly easing from an upwardly revised 0.8% gain in the previous quarter. For the full year 2025, Latvia’s economy expanded by 2.1%.

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