Latvia’s foreign trade turnover totalled EUR 42.73bn in 2025, which was up EUR 2,198.7mn (5.4%) from 2024 at current prices, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The total value of exported goods amounted to EUR 19.54bn, which was up EUR 698.1mn (3.7%) from 2024. The value of goods imported…
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…
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%…
Life satisfaction in the Baltic States was highest in Lithuania in 2024, according to Eurostat data, LSM reports. Lithuanian residents said that their overall satisfaction with life stood at 7.2 out of 10 points, which was the same as the EU average and unchanged from 2023. Meanwhile, life satisfaction was 7.1 (7.2) in Estonia and…