Latvia’s construction output rose by 9% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Construction of buildings increased by 1.2%, civil engineering structures by 25.7%, and specialised construction activities by 2.9%. In the fourth quarter of 2025, construction output increased by 9.9% from a…
The water level in the Baltic Sea has fallen to one of the lowest levels in recorded history, ELTA reports. On the Latvian coast, the sea level has dropped to around 65 cm below zero level, according to the Latvian Environment, Geology and Meteorology Centre (LVGMC). In Liepaja and Ventspils, the sea level is close…
Latvia’s industrial production output increased by 4.0% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Output in manufacturing rose by 5.5% on year, but fell by 3.0% in electricity and gas supply and by 15.4% in mining and quarrying. The country’s manufacturing turnover increased…
The number of foreign travellers visiting Lithuania totalled 1.5 million in 2025, which was 4.4% more than in 2024, according to the State Data Agency (VDA), BNS reports. Foreign tourists stayed an average of four nights in Lithuania, which was the main travel destination for 77% of all arrivals. According to state-run tourism promotion agency…
Latvian monetary financial institutions (MFIs), mainly banks, generated an aggregate profit of EUR 341.7mn in 2025, which was down 34.5% from EUR 521.4mn in 2024, according to the Bank of Latvia, LETA reports. MFIs had assets totalling EUR 31.687bn at the end of 2025, which was up 5.9% from EUR 29.913bn a year earlier. The…
More Lithuanian citizens moved back to Lithuania than emigrated for the sixth consecutive year in 2025, according to the State Data Agency (VDA), BNS reports. A total of 18,155 Lithuanian citizens returned to the country in 2025, which was down from 18,934 in 2024. At the same time, 9,669 Lithuanian citizens emigrated, which was up…
Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
Lithuania’s real GDP totalled EUR 84bn at current prices in 2025, which was up 2.7% from 2024, according to seasonally and calendar-adjusted data from the State Data Agency (VDA), BNS reported. According to unadjusted data, the country’s GDP rose by 2.8% on year. Gross value added grew by 3.2% in industry, 3% in services, 2.1%…
Lithuania’s GDP will grow by 2.5% in 2025, according to the Bank of Lithuania’s latest forecast, ELTA reports. In September 2025, the central bank projected that the country’s economy would grow by 2.7% in 2025. The bank now expects the GDP to rise by 3.2% in 2026, by 2.3% in 2027, and by 3.0% in…