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Europe and Central Asia

Macro-economic Data

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A. Demography and Macroeconomy
- A.1 Population
- A.2 Economy
B. Housing Market
- B.1 Housing Stock: Production, Transactions
- B.2 Housing Prices and Cost for Urban Areas or Capital City

A. Demography and Macroeconomy

A.1 Population

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Total population	1.93 million	1.94 million	1.96 million	WDI	A.1.1
Total number of households	.82 million	.82 million	.81 million	Central Statistical Bureau of Latvia	A.1.2
Average household size	2.52	2.52	2.52	Central Statistical Bureau of Latvia	A.1.3
Urban population (% of total)	68.14% of total	68.08% of total	68.02% of total	WDI	A.1.4
Urban population growth (annual %)	-.71%	-.81%	-.85%	WDI	A.1.5

A.2 Economy

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
GDP, current prices (U.S. dollars)	34,882 USD (millions)	30,528 USD (millions)	27,707 USD (millions)	WEO	A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)	57,860 USD (millions)	53,913 USD (millions)	50,571 USD (millions)	WEO	A.2.2
GDP per capita, current prices (U.S. dollars)	18,032.62 USD	15,654.43 USD	14,071.74 USD	WEO	A.2.3
GDP based on PPP per capita GDP (Current international dollar)	29,911.58 USD	27,645.88 USD	25,684.36 USD	WEO	A.2.4
GDP, constant prices (Percent change)	4.77%	4.64%	2.06%	WEO	A.2.5
Inflation, end of period consumer prices (Percent change)	2.55%	2.16%	2.11%	WEO	A.2.6
GDP, deflator (Index)	123.72	118.68	115.02	WEO	A.2.7
Consumer price index	113.66	110.85	107.70	WDI	A.2.8
GINI Index	Not available	35.60	34.30	WDI	A.2.9
Median national annual household income	15,599.79 USD	13,615.14 USD	11,922.14 USD	Central Statistical Bureau of Latvia	A.2.10
Urban minimum wages per month in USD	6,093.73 USD	5,151.35 USD	4,914.65 USD	Central Statistical Bureau of Latvia	A.2.12
Growth in urban household income (%/year)					A.2.13
Employment (% of total laborforce)					A.2.14
Unemployed	7.4%	8.7%	9.6%	Central Statistical Bureau of Latvia	A.2.14.3
Interest Rates:					A.2.15
Central bank lending/discount rate	Not available	.25%	.25%	IFS	A.2.15.1
Yield on 10-year Government bond	Not available	1.31%	.93%	IFS	A.2.15.3

B. Housing Market

B.1 Housing Stock: Production, Transactions

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Number of dwelling units:					B.1.1
Total			1.03 million	Population and Housing Census 2011	B.1.1.1
Characteristics of housing stock:					B.1.3
Average dwelling unit size-existing	69.4 sq.mt	69.5 sq.mt	69.6 sq.mt	Central Statistical Bureau of Latvia	B.1.3.1
Tenure in urban areas (%):					B.1.4
Owner-occupied units	81.6% of total	81.5% of total	80.9% of total	Eurostat	B.1.4.1
% of owner units with a mortgage	12.3% of total	10.8% of total	9.8% of total	Eurostat	B.1.4.2
Private rental units	7.5% of total	7.9% of total	8.7% of total	Eurostat	B.1.4.3
Public / social rental units	10.9% of total	10.5% of total	10.4% of total	Eurostat	B.1.4.4
Estimated Number of units completed/year					B.1.5
Formal sector/registered	2,966 units	2,271 units	2,197 units	Central Statistical Bureau of Latvia	B.1.5.1

B.2 Housing Prices and Cost for Urban Areas or Capital City

Variable	End of 2018	End of 2017	End of 2016	Sources	Var ID
Median urban house price in USD:					B.2.1
Median house price to median annual HH income:					B.2.2
Annual average % change in median house prices:					B.2.3
M2 construction cost for median quality house					B.2.4

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