Republic of Latvia : Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

August 16, 2004

Electronic Access:

Free Full text (PDF file size is 921 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2004 Article IV Consultation highlights that since the last Article IV consultation discussions, economic activity in Latvia has maintained its momentum. GDP grew 7½ percent in 2003 and 8¾ percent year over year in the first quarter of 2004; however, inflation climbed to 6.1 percent at end-June, from 3.6 percent at end-2003. Fiscal performance has improved appreciably, and public debt remains low. The general budget deficit, at 1.6 percent of GDP in 2003, narrowed by nearly 1 percentage point from 2002, reflecting lower-than-budgeted expenditures, unexpectedly high tax revenues, and lower net lending.

Series:

Country Report No. 04/260

Subject:

English

Publication Date:

August 16, 2004

ISBN/ISSN:

9781451824520/1934-7685

Stock No:

1LVAEA0022004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

45

Please address any questions about this title to publications@imf.org