Events, data and analysis from the Baltic economies
Macro view
GDP, foreign trade, labour, inflation and the policy decisions that reach across the Baltic economies.
Japanese technology company Epson has opened its European Business Services Centre in Riga following an investment of €6 million, according to the Investment and Development Agency of Latvia (LIAA). The…
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…
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%.…
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…
Estonia’s goods imports increased by 10% year on year in August 2026, while exports grew by just 3%, according to Statistics Estonia. Imports reached €1.84 billion and exports €1.48 billion,…
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…
Lithuania’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…
The European Commission has paid €135 million to Estonia under the EU Recovery and Resilience Facility after the country completed the milestones and targets linked to the payment request. The…
All three Baltic economies are expected to grow next year, yet their governments face increasingly difficult budget calculations. Lithuania is preparing for a larger deficit despite rising tax revenue, Latvia…
Latvia is tightening controls on grain shipments from Russia and Belarus just as the Baltic route is becoming increasingly important for Russian exports. The Saeima has introduced border controls allowing…
Estonia’s government has approved its 2027 state budget and the 2027–2030 budget strategy, with expenditure of €20.2 billion and revenue of €19.4 billion. The general government deficit is projected at…
Latvia has declared a nationwide agricultural emergency after prolonged rainfall disrupted harvesting and autumn field work. The immediate problem is not only the crop still remaining in fields. Wet soils…
Estonia’s government has agreed to target a 4% of GDP budget deficit in 2027, down from 4.9% projected in the spring and 4.4% in the summer forecast. Reaching the new…
The EBRD has raised its 2026 GDP growth forecasts for Latvia and Estonia to 2.4%, while leaving Lithuania’s forecast unchanged at 3.0%. Compared with the Bank’s June outlook, the Latvian…
Transport has emerged as the highest-risk business sector in both Latvia and Lithuania, while Estonia’s main vulnerability is concentrated in the chemical industry, according to Coface’s new CEE Sectorial Heatmap…
