Passenger traffic by land and sea transport increased in Latvia in 2025, according to the Central Statistical Bureau (CSP), LSM reported. The number of passengers on land transport totalled 192.4 million in 2025, which was up 0.6% from 191.2 million in 2024. The number of passengers on regular bus lines amounted to 97.6 million (down…
Tourist accommodation establishments in Latvia had a total of 447,100 guests in the first quarter of 2026, which was down 3.0% from 460,800 in the same period of 2025, according to the Central Statistical Bureau (CSP), LSM reports. The number of foreign guests amounted to 246,600, which was 7.2% fewer than a year earlier. The…
The average price of agricultural land in Estonia was EUR 6,122 per hectare in 2025, which was down 9.7% from EUR 6,782 in 2024, according to Statistics Estonia, ERR reports. The price drop was due to a lack of large transactions. The average price of grassland stood at EUR 4,861 and arable land at EUR…
Estonia’s electricity consumption totalled 2,568 GWh in the first quarter of 2026, according to transmission system operator Elering, ERR reports. Electricity imports totalled 1,064 GWh, covering 41% of consumption. Estonia’s domestic production of electricity totalled 1,504 GWh, which was 7% less than a year earlier. Production of electricity from renewable sources totalled 951 GWh (down…
The volume of freight transported by road increased, while the volume of rail freight decreased in Latvia in 2025, according to the Central Statistical Bureau (CSP), LSM reports. The total volume of freight transported by land amounted to 89.8 million tonnes in 2025, which was up 0.6% from 89.3 million tonnes in 2024. The volume…
The number of unemployed people in Estonia totalled 52,200 in the first quarter of 2026, which was 5,100 more than in the fourth quarter of 2025, but much lower than in the first quarter of 2025, according to data from Statistics Estonia, ERR reports. Estonia’s unemployment rate stood at 7.1%, which was up 0.7 percentage…
The Baltic States are likely to see a more than 2% decline in GDP per year due to poor mental health over 2025-2050, according to a new report from the Organisation for Economic Co-operation and Development (OECD), ERR reports. The projected drop in GDP in Estonia, Latvia, and Lithuania will be the highest of all…
Latvia’s annual inflation rate reached 2.9% in April 2026, compared to the corresponding period of 2025, according to the Central Statistical Bureau’s (CSP) data, LSM reports. The rise in inflation was mainly influenced by increases in the prices of fuel, heating, electricity, health care, and catering and accommodation services. Compared to March 2026, average consumer…
Latvia’s foreign trade turnover totalled EUR 10.85bn at current prices in the first quarter of 2026, which was up EUR 113.8mn (1.1%) from the corresponding period of 2025, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The total value of exports amounted to EUR 4.97bn (down 1.7%) and of imports to…