Retail Sales in Latvia decreased 8.90 percent in January of 2021 over the same month in the previous year. source: Central Statistical Bureau of Latvia

Retail Sales YoY in Latvia averaged 5.38 percent from 1999 until 2021, reaching an all time high of 60.60 percent in January of 1999 and a record low of -28.40 percent in December of 2009. This page provides - Latvia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Retail Sales YoY in Latvia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Latvia to stand at 3.30 in 12 months time. In the long-term, the Latvia Retail Sales YoY is projected to trend around 3.30 percent in 2022 and 4.20 percent in 2023, according to our econometric models.

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Latvia Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-8.90 -4.40 60.60 -28.40 1999 - 2021 percent Monthly
Constant Prices, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 11:00 AM Oct 6.4% 5.9% 4.4%
2020-12-29 11:00 AM Nov 1.4% 6.4% 5%
2021-01-29 11:00 AM Dec -4.4% 1.4% 2.2%
2021-02-26 11:00 AM Jan -8.9% -4.4% -5%
2021-03-26 11:00 AM Feb -8.9%
2021-04-29 10:00 AM Mar
2021-05-28 10:00 AM Apr
2021-06-29 10:00 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Retail Sales in Latvia Fall the Most in 9 Months
Retail sales in Latvia sank 8.9 percent year-on-year in January of 2021, the biggest decrease since April of 2020, due to the coronavirus lockdown. Main decreases were seen in sales of clothing, footwear and leather goods (-64 percent); retail sale in non-specialised stores selling mainly non-food products (-41.8 percent) and cultural and recreation goods (-29.2 percent). On a seasonally adjusted monthly basis, retail sales fell 4.9 percent, following a 5.7 decrease in December.
2021-02-26
Latvia Retail Sales Hit 8-Month Low
Retail sales in Latvia plunged 4.4 percent year-on-year in December of 2020, the lowest turnover since April, relapsing from an upwardly revised 1.6 percent increase in the previous month. Retail sales were down in non-food products (-13.1 percent vs -3.8 percent in November), particularly clothing, footwear and leather goods (-40.2 percent vs -27.4 percent) and retail sales in stalls or markets (-28.5 percent vs -26 percent). In addition, sales advanced primarily for food, beverages & tobacco (3.4 percent vs 2.9 percent) and automotive fuel (6.1 percent vs 13.3 percent). On a seasonally adjusted monthly basis, retail sales fell 5.7 percent, following 1.2 percent decrease in November. In 2020, the total turnover of retail trade increased 1.5 percent.
2021-01-29
Latvia Retail Sales Rebound in June
Retail sales in Latvia increased 4.6 percent year-on-year in June of 2020, rebounding from a downwardly revised 0.4 percent fall in the previous month. It was the first gain in retail trade since February, as non-food products sales rebounded (3.3 percent vs -3.4 percent in May), particularly clothing, footwear and leather goods (3 percent vs -27.7 percent) and dispensing chemist in specialised stores and retail sale of medical and orthopaedic goods (16.3 percent vs -0.9 percent). In addition, sales advanced faster for both food, beverages & tobacco (5 percent vs 1.7 percent) and automotive fuel (7.2 percent vs 2.8 percent). On a seasonally adjusted monthly basis, retail sales rose 4.6 percent, following an upwardly revised 8.2 percent jump in May.
2020-07-29
Latvia Retail Trade Growth Slows in January
Retail sales in Latvia increased 2.6 percent year-on-year in January 2020, following a downwardly revised 2.8 percent rise in the previous month. Sales advanced further for both food (4.4 percent compared to 0.7 percent in December); and non-food (4.7 percent vs 4.2 percent). In contrast, sales of automotive fuel dropped 7.2 percent, after increasing 3.4 percent in the prior month. On a seasonally adjusted monthly basis, retail trade went up 0.6 percent, rebounding from an upwardly revised 0.3 percent fall in December.
2020-02-28

Latvia Retail Sales YoY
In Latvia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.