Bank of Latvia - Annual Report 2004

According to the Bank of Latvia's Annual Report 2004, robust economic growth in Latvia was supported by strong domestic and rising foreign demand.

In terms of current prices, GDP amounted to 7.4 billion lats, with real GDP exceeding last year's indicator by 8.5%.

Latvia's foreign trade turnover reached 5 898.9 million lats in 2004. In comparison with 2003, exports of goods increased by 29.1% and imports of goods by 26.1%. Foreign trade deficit was 1 637.5 million lats.

With the growth of exports

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