Posts tagged as economic situation

Shadow economy barely shrank in 2019

Wednesday, June 10, 2020

The share of the shadow economy in Latvia did not change significantly in 2019, remaining at just under a quarter of the total economy, according to the annual research of the Shadow Economy Index for the Baltic Countries conducted by the Stockholm School of Economics in Rīga. In 2019 the shadow economy accounted for 23.9% of Gross Domestic Product, down just 0.3% on 2018’s figure of 24.2% said Dr. Arnis Sauka of SSE Riga’s Sustainable Business Center…

Survey: 1 in 3 residents of Estonia satisfied with their economic situation

Thursday, August 23, 2018

One-third of residents of Estonia consider their economic situation to be good or very good, and as many as 90 percent consider it to be at least satisfactory, a survey conducted by pollster Kantar Emor indicates. Of residents of South Estonia one in five, and 16 percent of pensioners, see their economic situation as bad or very bad. “Of Estonian residents 90 percent consider their economic welfare to be at…

30% of Latvian residents are dissatisfied with their family’s financial state

Tuesday, June 19, 2018

Residents’ overall mood has declined considerably across all survey positions. Residents have become the most negative about Latvia’s economic situation – 31% of them believe it has worsened. When asked to voice their outlooks for Latvia’s economy in a year from now, 17% of respondents said it will have improved, according to results of Baltic International Bank’s latest Latvian Barometer. Similar outlooks have been voiced about the financial state of…

Latvia’s residents still live from salary to salary

Thursday, March 29, 2018

Following the stabilization of the economic situation in Latvia, decline of unemployment and increase of income, larger amounts of money have become available for the country’s residents. However, according to the study performed by Swedbank, 34% of Latvia’s residents are still forced to survive from salary to salary. This means they only have enough money to cover basic necessities, the bank notes. 20% of respondents describe their financial situation as…