Official statistics portal
CSB
Official statistics of Latvia
Official Statistics Portal of Latvia
Press release

In 2022 retail trade turnover grew by 4.2 %

Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to 2021, in 2022 total retail trade turnover increased by 4.2 %. Turnover of retail trade in food products grew by 0.4%. Retail trade in non-food products (except for retail sale of automotive fuel) rose by 8.6 %, but turnover of retail sale of automotive fuel – by 0.9 %.

Calendar adjusted data (at constant prices) compiled by the CSB show that, compared to December 2021, in December 2022 total retail trade turnover reduced by 0.3 %. Turnover of retail trade in food products declined by 5.8 %. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 0.4 %, but turnover of retail sale of automotive fuel – by 10.9 %.

Compared to December 2021, the most notable turnover rise was recorded in retail sale of cultural and recreation goods (of 13.4 %), retail sale of information and communication equipment in specialised stores (10.8 %) and retail sale of cosmetics and toiletries (10.3 %). Turnover drop was registered in retail sale via mail order houses or via Internet (of 10.5 %) and retail sale of electrical household appliances in specialised stores (4.2 %).

Total retail trade turnover at current prices increased by 16.2 % (not taking into account the calendar influence).

Compared to November, the total turnover of retail trade enterprises in December 2022 fell by 3.0 %, according to seasonally adjusted data at constant prices. Turnover of retail trade in food products declined by 2.0 %. Retail trade in non-food products (except for retail sale of automotive fuel) reduced by 5.8 %, but turnover of retail sale of automotive fuel – increased by 2.5 %.

Turnover has fallen in almost all sub-sectors of retail trade. The largest turnover drop was registered in retail sale of electrical household appliances in specialised stores (of 10.4 %), in retail sale via mail order houses or via Internet (7.2 %) and retail sale of clothing, footwear and leather goods (5.3 %).

Compared to November, in December 2022 the total retail trade turnover at current prices (not taking into account seasonality) increased by 8.8 %.

Turnover indices of retail trade enterprises by main kind of economic activity

(at constant prices)

 

December 2022 as %,

compared to:

November 2022 (seasonally adjusted)

December 2021 (calendar adjusted)

Retail trade – total

97.0

99.7

retail sale of food products, total

98.0

94.2

retail sale of non-food products, except for retail sale of automotive fuel, total

94.2

100.4

retail sale in non-specialised stores selling mainly non-food products

97.2

76.8

retail sale of information and communication equipment in specialised stores

96.7

110.8

retail sale of electrical household appliances in specialised stores

89.6

95.8

retail sale of hardware, instruments, construction materials and sanitary equipment

99.4

108.0

retail sale of cultural and recreation goods

94.7

113.4

retail trade in pharmaceutical and medical goods

100.6

110.3

retail sale of cosmetics and toiletries

96,1

102.8

retail sale of clothing, footwear and leather goods

94.7

108.9

retail sale in stalls or markets

98.7

100.8

retail sale via mail order houses or via Internet

92.8

89.5

retail sale of automotive fuel

102.5

110.9

Data published might be revised in the following months if additional information will be obtained from stores.

According to methodology of the survey, data on the total net turnover of enterprises also include transactions outside main activity. In some cases these transactions (e.g., wholesale trade) may significantly affect turnover changes in the sector. Total turnover, according to the main activity of enterprises, also includes income from e-commerce.

Media requests:
Communication Section:
E-mail: media@csp.gov.lv
Phone: +371 27880666

More information on data:
Ieva Vanaga
Trade and Services Statistics Section
E-mail: Ieva.Vanaga@csp.gov.lv
Phone: +371 67366738

Share