Events, data and analysis from the Baltic economies
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Latvia’s construction output fell by 4.4% year on year in the third quarter of 2026, following 3.2% growth in the previous quarter, according to calendar-adjusted data from the Central Statistical Bureau of Latvia. The decline affected all three…
Transport prices rose across all three Baltic states in October, while falling food prices helped contain inflation in Lithuania and Latvia.
Internet access is approaching saturation in Latvia, but the way people use it continues to evolve. In 2026, 94.3% of residents aged 16–74 used the internet at least once a week, according to the Central Statistical Bureau (CSP).…
PhotoManufacturing output grew year on year in Latvia, Lithuania and Estonia in every month of the third quarter of 2026. Yet the nine monthly readings reveal different trajectories rather than a single regional trend. Latvia began the quarter…
PhotoStatistics Estonia’s regional comparison, drawing on Statistics Estonia and Eurostat data, puts rail passenger traffic across the Baltic states at 34.5 million in 2025. Latvia accounted for 21.4 million passengers, Estonia 7.7 million and Lithuania 5.4 million. Rail…
PhotoLatvia’s manufacturing output increased by 5.2% year on year in September 2026, outpacing the 2.6% growth recorded in total industrial production, according to the Central Statistical Bureau. Food production rose by 7.4%, fabricated metal products by 7.5% and…
Artificial intelligence is gaining ground among Latvian businesses, but adoption remains heavily concentrated in larger companies. According to a survey conducted by Latvia’s Central Statistical Bureau in early 2026, 18.5% of enterprises with at least ten employees use…
Estonian ATMs recorded 5.1 million cash withdrawals worth €922 million in the third quarter of 2026, according to Eesti Pank. At the end of September, Estonia had 672 ATMs, including 225 that also accepted cash deposits. Cash withdrawals…
Lithuania’s annual inflation rate remained at 6.1% in October 2026, unchanged from September, according to the preliminary Harmonised Index of Consumer Prices (HICP) estimate published by the State Data Agency on 28 October. Fuel and heating were the…
Lithuania’s economy expanded by 3% in the first nine months of 2026, although strong growth in the first half was followed by a contraction in the third quarter, according to the State Data Agency’s first GDP estimate released…
PhotoLatvia expects budget expenditure on projects supported by EU funds and the Recovery and Resilience Facility to reach approximately €1.4 billion in 2026, according to the Ministry of Finance. The ministry reports that Latvia has completed all 187…
Latvia’s general government deficit rose to €1.085 billion, or 2.5% of GDP, in 2025, from €744.8 million, or 1.8% of GDP, in 2024, according to updated figures from the Central Statistical Bureau. Local governments moved from a €66.1…
Estonia’s construction price index increased by 3.8% year on year in the third quarter of 2026, according to Statistics Estonia. Compared with the previous quarter, construction costs rose by 1.0%. Building materials recorded the strongest annual increase, at…
Lithuania led Baltic export growth in August 2026, but mineral products generated more than 40% of the increase in both Lithuania and Latvia. Estonia’s exports rose by 3.5%, while goods of Estonian origin increased by just 0.3%. Foreign-origin…
PhotoLithuania’s national development bank ILTE signed financing agreements worth €964 million in the first half of 2026, 1.7 times more than during the same period last year. Business financing accounted for €806 million of the total, while €126…
More than half of Latvian households have at least one pet, with cats nearly twice as common as dogs, according to January 2026 survey data from SKDS and the Worldwide Independent Network of Market Research (WIN). In Latvia,…
Retail wood pellet prices in Latvia have risen sharply, driven by supply constraints, production costs and demand from export markets, according to an assessment by the Competition Council. Between October 2025 and late August 2026, the average listed…
Baltic investment divides between delivery and delay A Lithuania-built satellite reached orbit, the 363 km Vilnius–Klaipėda railway completed electrification testing, and a €200 million shopping-centre acquisition moved closer to completion. At the same time, a Baltic property fund…
Annual HICP inflation August September Lithuania 5.6% 6.1% Estonia 1.3% 3.0% Latvia ~3.0% ~2.9% Euro area 3.2% 3.8% Lithuania remained the clear Baltic inflation outlier in September, with annual HICP inflation at 6.1%, compared with 3.0% in Estonia…
PhotoLithuania’s GDP reached €85.1 billion in 2025, with real economic growth of 3.0%, according to the latest annual national accounts estimate. The previous quarterly-data estimate had put GDP at €84.3 billion and growth at 2.9%. 2025 change Information…