Modest recovery in Latvian retail sector during 2021

Latest data from the Central Statistical Bureau (CSB) show that in 2021, compared to 2020, retail trade turnover grew by 2.5 % in Latvia (calendar adjusted data at constant prices).

Turnover of retail sale of food products increased by 0.1 %. Retail sale of non-food products, except for retail sale of automotive fuel, increased by 3.0 %, but turnover of retail sale of automotive fuel by 6.3 %.

In December 2021, compared to December 2020, retail trade turnover (calendar adjusted data at constant prices), grew by 8.3 %. Turnover of retail sale of food products increased by 1.0 %. Retail sale of non-food products, except for retail sale of automotive fuel, increased by 16.2 %, but turnover of retail sale of automotive fuel – by 4.4 %.

 

In December 2021, compared to November, retail trade turnover, according to calendar adjusted data at constant prices, grew by 7.2 %. Compared to the previous month, the largest turnover growth was observed in retail sale of clothing, footwear and leather goods (by 68.9 %), retail sale of hardware, instruments, construction materials and sanitary equipment (by 30.7 %) and retail sale of cultural and recreation goods (29.1 %). The largest turnover drop was registered in retail sale via mail order houses or via Internet (by 17.6 %).

In December 2021, compared to November, retail trade total turnover at current prices, not taking into account seasonality, grew by 22.1 %.

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