E I R O P A S C E N T R Ā L Ā B A N K A MĒNEŠA BIĻETENS 03I2005

Átírás

1 LV E I R O P A S C E N T R Ā L Ā B A N K A MĒNEŠA BIĻETENS 3I25 E I R O P A S C E N T R Ā L Ā B A N K A M Ē N E Š A B I Ļ E T E N S M A R T S

2

3 !"#$%&'()"*+,-%./."(,1(2" %+)+!"#$%&$'&"$$%()* +,-..(/&"123&'("4(5"# 6%&4"7 8()-("(7%+)+ 89$'2":;(.+,-.* +,,++(/&"123&'("4(5"# 6%&4"7 9./%:,$) <=* +*.-==, ;,-+%,+-("/('( <(1)) <=* +*.-== +,,, 9+/+1)) =...== %:C D!"#$%&'()$*+$&,-*'(./&$&+$12$-*3),)4& 5&/&,&671&489$:8';7<8=85$5&/&,&67$84 8-'*>?$4&>*742'25$>)4,+2'25$-&4;&59 %*5&5$,*)5.-&5$ A,3&8,& 47'B;75C$47+2(7,$&67,89 D&<2$48=8+2$*);3&8,*)$5,&,*5,*5;*)$(&,*$&,-*'5, 5,267;'*=$EFFG9$/&(&$E9$=&+,29 EFFG(.H-,I,,JK(L#'%&%'"(M%&$#N"O

4 SATURS IEVADRAKSTS 5 EKONOMISKĀS UN MONETĀRĀ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`#&Y3$(>&9:%'3(V#14N3(#%'%14%(3Q(5/E "#QD%M343(>&9:%'3(V#14S4(19>T(P5F '&%TR(>9$4"($R134" 4 +B P3&9(Q9"$(4RN$"#4#%:XC3(>"&RD"(3 #%R1343$(%%$9T9(1&%DX'3('%D%:%$ 47 KB EZE(">$%19N34"(D"'#(>"&(&"a9T""$ #Q4"1$R4(3(&"a9'RN3(:%R4 54 HB E%>&#%1TSNR(Y"D"(#%'%14%(3Q(&%RVR(E!8 Y"D"(M#DSN9(>#%"3Y343(),,JB(Y"DR 59 *B P3&9(Q9"$(D"&C"(&"aXY34"(9&#$%$ 64.,B PUb($>%:#RV#$'3(4"1&9%1994#$1R$ #%$>SN3(">VS$%$(%3&9(Q9"# 67 EURO ZONAS STATISTIKA P3&9$#$'S4"$(49%'R&R$(>9V#'#1"$ >"$R1343(;&99V9c#N" `de6p`($#$'s4"(lp#&9>"$(z#%9'r "3'94"'#QS'R(&%RVR(V"#1"(C&3'9 9&Sf#3($#$'S4"O P#&9>"$(U%'&RVR$(C"1"$(>3CV#:S'#% D9134%'#(L$R19'("&(),,=B(Y"D"(N"MR&#O TERMINU SKAIDROJUMS S1 I V IX XV!

5 SAĪSINĀJUMI VALSTIS bp b%gc#n" Uh i%;#n"$(e%>3cv#1" ^! ^R#N" ^P ZR:#N" PP EY"3#N" 6e 6&#%f#N" PF F>R#N" /e /&":#N" EP j&#n" E` E'RV#N" Uk!#>&" _Z _"'M#N" _` _#%'3M" _] _31$%4C3&Y" m] ]YR&#N" 5` 5"V'" G_ GXD%&V"D% d` d3$'&#n" 8_ 89V#N" 8` 89&'3YRV% FE FV9MS#N" F! FV9MR1#N" /E F94#N" FP hm#%d&#n" ]! _#%VC&#'R#N" n8 n">r" ]F d4%&#1"$(f"m#%9'r$(z"v$'#$ CITI UE/ >&%:%$(:%"W(">D&9T#RT""W(M%D4"1$" PUb P#&9>"$(U%'&RVR(C"1" PUbF P#&9>"$(U%'&RV9(C"13($#$'S4" P!F(*J P#&9>"$(!9'3($#$'S4" P5E P#&9>"$(59%'R&"#$(#$'#'['$ P5F P1994#1"$(3(49%'R&R($"M#%XC" PF P#&9>"$(F"M#%XC" P]e %3&9 PZ! %2%1'XM"#$(M"V['"$(13&$$ /lb 2&"19(3Q(13c"(1VRN" mfpe m"4c3&y"$(f'"&>'"3'#$1r$(%1994#1"$(#$'#'['$ E!8 #%1TQ%4%$(19>>&9D31'$ 5beJ FZ/(5"1$RN343(C#V":%$(&91"$Y&R4"'"(LJB(#QD%M34$O 5/E 49%'R&R$(2#"T3(#$'#'[:#N"$ GdUP(.B(&%DB P#&9>"$(F"M#%XC"$(P1994#$1R$(D"&CXC"$($'"'#$'#$1R(1V"$#2#1R:#N" GUb ":#9RVR(:%'&RVR(C"1"(LM"V$'$(:%'&RVR(C"1"O 8UE >"'S&#\"(:%3(#D%1$$ eue &"a9'rn3(:%3(#d%1$$ F^l F'"&>'"3'#$1R(^"&C"(9&Y"#QR:#N" FE`U(-B(&%DB F'"&>'"3'#$1R(F'"D"&'#QS'R('#&DQ#%:XC"$(1V"$#2#1R:#N" FGb F'"&>'"3'#$19(9&Sf#3(C"1" F8UE $"$1"\9'"#$(>"'S&#\"(:%3(#D%1$$ FZ/ F'"&>'"3'#$1"#$(Z"V['"$(29D$ Z^Ede M#%XC"$(D"&C"$>S1"(#Q4"1$"$(">$'&RD%$(&[>#%:XCR Z^E` M#%XC"$(D"&C"$>S1"(#Q4"1$"$('"3'$"#4#%:XCR (--$+HEI&"C(/)-:",&)(:1:J$+J"-&",(H$&,./(A.)"C(/&7.)K "

6 IEVADRAKSTS PUb( 8"D94%( ),,JB( Y"D"( -B( 4"&'"( $"R1$4S 9VS4"(%4"#X'(4##4RV9(>#%'%#134"(>&9:%'3 V#14#( P3&9$#$'S4"$( Y"VM%"NR4( &%2#"$ST""$ 9>%&R:#NR4( L)B,oOB( d&x( "#QD%M343( #%$>SN"$( 3Q "1'#( 3( 9Y3VDXN343( #%$>SN"$( >&9:%'3( V#14% %'#1"(4"#X'"(L"''#%:XY#(-B,o(3(.B,oOB 8"D94%( N9>&9NR4( %$"$1"'"( C['#$13$ >#%&RDXN343$( '"4W( 1"( %3&9( Q9R( M%#D9'9$ #%1TQ%4%$( #2VR:#N"$( $>#%D#%$B( `R>S:( 8"D94% %4"#XN"( Y"VM%R$( PUb( >&9:%'3( V#14%$B( px$ >&9:%'3( V#14%$( MS$'3&#$1R( $1"'XN34R( #&( Q%4"$ 3( #%MS&9N"4#( M%#:#"( '"3'$"#4#%:XC"$ "'M%$%g9T"9$B( Z#%V"#13$( >"$'RM( "3YT3>MS&$'# &#$1#W(1"$(M#DSNR('%&4#\R(">D&"3D(:%3($'"C#V#'R'#B `R>S:(8"D94%#(N9>&9NR4(NR#%MS&9(>#%$"&DQXC"B Z#$>#&4$( q( >"&( 8"D94%$( 9MS&'SN34"( >"4"'R %$9T9( '"3'$"#4#%:XC"$( ""VXQ#B( F"$1"\R( "&!8+75,&,( >#&49( ">VS$#( ),,=B( Y"D"( =B( :%'3&1$X %3&9( Q9"$( &%RV"#$( E!8( >#%"3Y"( >"&(,B)o $"VXDQ#RN34R( "&( #%>&#%1TSN9( :%'3&1$#B( `3&1VR' -B(:%'3&1T\"(&%RVR(E!8(>#%"3Y34$('#1"(>R&$1"'X'$ 3( $"4"Q#R'$( VXDQ(,B)oB( prd#( >"YRN3TR( Y"D" )(>3$Y"D"( M#$>R&SN#%( &%Q3V'R'#( "M( ">4#%&#9T#B `94S&( >#%>&"$XN34"( 1R>34"( $'&31'[&R =B(:%'3&1$X( MS&9N"4"$( "&X( D"a"$( >9Q#'XM"$ >"QX4%$W( 1"$( &"1$'3&9( >"T&%#QSN9( '%D%:#B E%1TQ%4%$( >#%>&"$XN34"( 3( X>"T#( >"'S&#\" 9$'#>&#RT"R$(M"&S'3(V#%:#R'W(1"(%1994#$1R$ "1'#M#'R'%$("'N"39T"R$(%3&9(Q9R("'1"V(%D"3DQ >"R'&#R$B Z"#&R13( #%4%$V3( DSg( MRNR13( &%RVR( E!8 >#%"3Y343( ),,=B( Y"D"( )B( >3$Y"DR( M"&S'3 3Q$1"'X'( >"&( >R&%N9T3( >"&RDXC3B( e3rn9'( >"& R&SN#%4( 2"1'9&#%4W( >"$"3V%$( '"3'$"#4#%:XC"$ #Q"3Y$4%( N9>&9NR4( #&( $>S:XY"( 3( M%#:#"( %3&9 Q9"$(%1$>9&'3B(d''#%:XCR(3Q(#%1TSN#%4(2"1'9&#%4 Y"#DR4$W( 1"( g9'#( V"CMSVXY#%( 2#"$ST""$ 9$":XN34#W( $'"C#VR( >%g\"( 3( 3Q\S4SND"&CXC"$ %2%1'#M#'R'%$( 1R>34$( "&X( '3&>4R1( M%#:#R$ #%Y3VDXN343$B( e%rv#( #Q4"'9N"49( #%R1343 >"&%DQ"4"N"#( "''X$'XC"#( M"N"DQS'3( M%#:#R' >"'S&#\"(>#%"3Y343B `R>S:( 8"D94%( Y"#D"W( 1"( ),,JB( 3( ),,+B( Y"DR '3&>#R$#%$( '"3'$"#4#%:XC"$( #Q"3Y$4%B( prd$ MS&'SN34$( "'$>9Y3g9'$( "&X( PUb( $>%:#RV#$'3 ),,JB(Y"D"(4"&'"(#%$>SN3(">VS$S$B(8"&%DQ"4$W(1" %3&9(Q9"$(&%RVR(E!8(>#%"3Y34$(),,JB(Y"DR(C[$ M#DSN#(.B)q)B,o(3(),,+B(Y"DR(q(.B+q)B+oB(pX$ #%$>SN3( ">VS$%$( >"&%DQ( Q%4R13$( &RDX'RN3$( %1R ),,=B( Y"D"( D%:%4C&X( >3CV#:S'R$( P3&9$#$'S4"$ $>%:#RV#$'3(#%$>SN3(">VS$%$W("'$>9Y3g9N9'(MRNR13 '"3'$"#4#%:XC"$( "''X$'XC3( ),,=B( Y"D"( C%#YR$B 8#%%N"4R$( $'"&>'"3'#$19( 3( >&#MR'R( $%1'9&" 9&Y"#QR:#N3( >&9Y9Q%$( >"4"'R( "'"#9( VXDQXY3 >%&$>%1'XM3B E%$>SN3( ">VS$%$( V#%:#"( >"&( M"#&R1#%4( &#$1#%4B e3rn9'( >"&( R&SN#%4( 2"1'9&#%4W( "3Y$'R$( 3 $MR&$'XYR$( "2'"$( :%"$( 3( #VY$'9TR( YV9CRVR %$"C"V"$S'XC"( &"D"( V%N3>MS&$'3$( &#$13$W( 1"$ ">D&"3D( #Q"3Y$4#B( d''#%:xcr( 3Q( M"V['3( 13&$#%4 8"D94%( ">$'#>&#"( $"M3( 9$'RN3W( 19( 'R( >"3D"W 1&"$#(>#%"3Y9'(%3&9(13&$"4?(TRD"$(>R&4"#\"$(#& %MSV"4"$( 3( %V"CMSVXY#( #%'%14S '"3'$"#4#%:XC"$( #Q"3Y$4#B( e3rn9'( >"& #%1TSN#%4( 2"1'9&#%4W( "&( >"'S&#\"( "''X$'XC3 $"#$'X'"$( %$1"#D&XC"$W( C%'( g9'#( V"CMSVXY9 2#"$ST""$( 9$":XN343( 3( 3Q\S4343( >%g\"$ 3QV"C9T"R$( &%Q3V'R'R( #%Y3VDXN343( 1R>34$ M"&S'3(>R&$#%Y'(>"T&%#QSNR$(>&9Y9Q%$B ZS&'SN9'( >"'S&#\"( :%"$W( F8UE( Y"D"( #2VR:#N" ),,JB( Y"D"( N"MR&X( D#%QY"( #%MS&9N"4# $"4"Q#RNR$(LVXDQ(.B*or(),,=B(Y"D"(D%:%4C&X(q )B=oOB( `"4( >"4"'R( Y"VM%91R&'( C#N"( CRQ%$ %2%1'#W( 19( #Q&"#$XN"( %'#%T9( 9D91g3( 3 "D4##$'&"'XM#( &%Y3VSN"49( :%3( "''X$'XC"( D"aR$ M"V$'X$B(F"$1"\R("&(!8+75,&,(R'&9(">VS$#(2%C&3R&X F8UE(Y"D"(#2VR:#N"(C#N"()B,oB 6"#DR4$W( 1"( '3&>4R1"N9$( 4S%T9$( #2VR:#N" $MR&$'X$#%$( ">( )ob( G%1"$( %V#%:#"W( 1"( 'RVR1R R19'S(%3&9(Q9R(M%#D9'9$($>S:XYR1$(#%1TQ%4%$ #2VR:#N"$($>#%D#%$B(8SDSN9(:%'3&1T\3(V"#1R("VY3 >#%"3Y34$( N9>&9NR4( C#N"( #%&9C%a9'$B( 5S&%"$ '"3'$"#4#%:XC"$( #Q"3Y$4%$( ">$'R1g9$( T"# '%D%:%#(M"N"DQS'3($"YV"CR'#%$B prd$( M#%D91V#$( "'$>9Y3g9'$( "&X( PUb( $>%:#RV#$'3 ),,JB(Y"D"(4"&'"(#%$>SN3(">VS$S$B(8"&%DQ"4$W(1" F8UE(Y"D"(#2VR:#N"(),,JB(Y"DR(C[$(.B+q)B)o(3 ),,+B( Y"DR( q(.b,q)b)ob( px$( #%$>SN3( ">VS$%$ >"4"'R( "M( 4"#XN3TR$( $"VXDQ#RN34R( "& ),,=B(Y"D"(D%:%4C&X(>3CV#:S'"NR4(P3&9$#$'S4"$ #

7 $>%:#RV#$'3( #%$>SN3( ">VS$S4( 3( "'C#V$'( %$% >3CV#$19'"NR4( $'"&>'"3'#$19( 3( >&#MR'R( $%1'9&" 9&Y"#QR:#N3(>&9Y9QS4B F"#$'XCR( "&( TX4( #%$>SN3( ">VS$S4( NR\%4( MS&R M"#&R1#( "3YT3>MS&$'#( &#$1#W( X>"T#( "2'"$( :%3 "''X$'XC"( R19'SB( d&x( %'#%T9( 9D91g3( 3 "D4##$'&"'XM#( &%Y3VSN"49( :%3( "''X$'XC"( M"& "'1"V( $"YRDR'( >R&$'%#Y343$( 1R( "3YT3>MS&$'$ 2"1'9&$B( `3&1VR'( $M"&XY#( "&X( '3&>4R1( #%MS&9' >#%$"&DQXC3( "''#%:XCR( 3Q( #%$>SN"49( &#$13W( 1" "Y&R1"#$( :%3( 1R>34$( %'#%T9( $%13( M%#DR( M"& #Q>"3$'#%$("VY3(3(:%3(9'%#1T""$(4%;R#$4R M#$R('"3'$"#4#%:XCRB(`R>S:(&[>XY#(NR$%19(#VYR1" '%&4#\"(#2VR:#N"$(Y"#D3("''X$'XC"#B `RVR13( #%$1"'3( :%3( "''X$'XC"$( >%&$>%1'XMR LM#DSNR( 3( #VYR1R( '%&4#\RO( $#%DQ( 49%'R&R ""VXQ%B( n"3r1#%( 49%'R&#%( D"'#( ">$'#>&#"W( 1" 19>T( ),,=B( Y"D"( M#D3$( MS&9N"4"#$( 5- >#%"3Y34$( 9$'#>&#R$B( `"$( "&M#%( M"#&R1 "'$>9Y3g9( MS$'3&#$1#( g9'#( Q%49( %3&9( Q9"$ >&9:%'3(V#14N3($'#43VSN9T9(#%'%14#B(`R(1R(5- >#%"3Y34$( D"a3$( >SDSN9$( Y"D3$( #VY$'9T#( C#N#$ $>S:XY$W( V#1M#D#'R'%( %3&9( Q9R( N9>&9NR4( #& #%MS&9N"4#( "3Y$'R1"W( %1R( %>#%:#%T"4$W( V"# 2#"$S'3( '"3'$"#4#%:XC"$( #Q"3Y$4#( C%Q #2VR:#N"$B(`"$(M"&S'3(">D&"3DS'(:%3($'"C#V#'R'# M#DSNR( '%&4#\R( 3( V#%:#"W( 1"( %>#%:#%T"4" >#%$"&DQXC"B s&1r&'xy#(q%4r$(&%rvr$(>&9:%'3(v#14%$('3&>#" $'#43VS'( "&X( >&#MR'R( $%1'9&"( >#%>&"$XN343( >S: 1&%DX'#%4B( d#qd%m343( >#%"3Y34$( %2#"T3 $"C#%D&XCR4( >SDSN9$( 4S%T9$( "&M#% >"V#%V#RN#%$B( `3&1VR'( >#%>&"$XN34$( >S: "#QD%M34#%4( 4RN91g"( #%YRD%#( N9>&9NR4( #& $>S:XY$W(M%#:#9'($'&"3N3(4RN91g3(:%3(D#"4#13 D"a9$(%3&9(Q9"$(&%c#99$B d>19>9n9'( $":X'9W( '"3'$"#4#%:XC"$( ""VXQ% ">$'#>&#"W( 1"( %$9T"#$( #%1TQ%4%$( #2VR:#N"$ $>#%D#%$( N9>&9NR4( #&( #%&9C%a9'$W( C%'( M#DSN" '%&4#\"( "3YT3>MS&$'#( :%3( $'"C#V#'R'%$( &#$1# >"$'RM(3('#1$(&[>XY#(3Q&"3DQX'#B(F"VXDQ#9'('9("& 49%'R&R$( ""VXQ%$( &%Q3V'R'#%4W( M"&( $%:#R'W( 1" N9>&9NR4(NR#%MS&9(>#%$"&DQXC"("''#%:XCR(3Q(:%3 $'"C#V#'R'%$(&#$13(X$'%9T"9$(M#DSNR('%&4#\RB e3rn9'(>"&(2#$1rv9(>9v#'#13w(8"d94%(9&rd"w(1"w V"#(Y"(%3&9(Q9"$(M"V$'3("1'3"V#QS'R$($'"C#V#'R'%$ >&9Y&"44"$( >"&%DQ( Q#R43( >&9Y&%$3( 2#$1RVR$ 19$9V#DR:#N"$( 3( >R&4S&XY"( C3Da%'"( D%2#:X'" 9MS&T""$(N94RW(M"#&R1R$(M"V$'X$(%>#%:#%T"4" 'RVR1"( 19$9V#DR:#N"B( Z"#&R1"$( M"V$'#$( %>VR9 M%#1'( >#%'#%1"4#( ">\S4XY3$( #QVXDQ#RT""$ >"$R1343$( 3( "M( 9'%#13T"$( 4S&f#( VXDQ >&9Y&"443( ">'M%&'R( >%&#9D"( C%#YR4( >"R1' $#'3R:#N3W( 1"$( '3M"( C%QD%2#:X'"( C3Da%'"4( M"# C3Da%'"4( "&( >R&>"V#1343B( `3&1VR'( D"a9$ Y"DXN349$( 2#$1RV#%( 4S&f#( C"V$'R$( 3Q( $"4S&R V"CMSVXY#%4( #Q"3Y$4%$( >#%\S434#%4( 3 %>#%'#%1"4#(191&%'#QS'#%4(>"$R134#%4B!"$("''#%:"$(3Q(F'"C#V#'R'%$(3(#Q"3Y$4%$(>"1'3W >#%R:#$( V"#1$( C%#Y'( D#$13$#N"$( "&( >R&V#%:#9T# &%Q3V'R'3W( 1"$( 9D&9T#R'3( 2#$1RV9( D#$:#>VX3B 8#VXCR( NR$"YV"CR( >R&4S&XY"( C3Da%'"( D%2#:X'" 9MS&T""$(>&9:%D[&"$(3Q'#:"4XC"B(`"$(#&(M#'RV# $M"&XY#(%(M#%(4"1&9%1994#$1"N"#($'"C#V#'R'%# 3( 19;SQ#N"#( %3&9( Q9RW( C%'( "&X( 192#D%:%#( 3 #Q"3Y$4%$(>%&$>%1'XMR4(M#$R$(D"VXCM"V$'X$B `R>S:( PUb( 8"D94%( "'Q#XY#( 9MS&'S( PUl/EG 8"D94%$( VS4343W( 1"$( C"V$'X'$( 3Q( P#&9>"$!94#$#N"$(&%194%DR:#N3W(>#&49(&%#Q#(>R&#%'(>#% R1"4R( >&9:%$3RVR( $9g"( >R&4S&XY"( C3Da%'" D%2#:X'"( 9MS&T""$( >&9:%D[&R( 3( $"$1"\R( "& _XY34"(.,=B(>"'"(*B(>31'3(#Q'%#1'(C&XD#RN343 6&#%f#N"#B(`3&1VR'(8"D94%(3Q$1"'"W(1"W(>"Y"&#9' '%&4#\3( >R&4S&XY"( C3Da%'"( D%2#:X'"( 9MS&T""# 9(),,JB(Y"D"(VXDQ(),,+B(Y"D"4W(C['3($"$#%Y'" 9'%#1343(3(>&9:%D[&3(#'%&>&%'R:#N"$(#%$>SN3 Y"VSNR( &9C%a"B( `"Y"D( 6&#%f#N"#( 9CV#YR'#( NRM%#: %2%1'XM#( >"$R134#W( V"#( 9MS&$'3( $'#>&3( 2#$1RV9 %$"C"V"$S'XC3B!"$( "''#%:"$( 3Q( $'&31'3&RV9( "''X$'XC3W( D"&C" &"axy34"( >#%"3Y34"( '%D%:%( %3&9( Q9R( 19>T ),B( Y$B( *,B( Y"D3( M#D3$( #&( &%V"'XM#( Q%4"B d"v#qsn9'(2"1'9&3$w(1"$(9$"1"(d"&c"(&"axy343w &%DQ"4$W(1"(Q%4R1$(D"&C"(&"aXY34"(>#%"3Y34$ %3&9( Q9R( D"gSN#( $"#$'X'$( "&( "3Y$'R13 9D"&C#R'XC"$( VX4%#W( N9( >#%"3Y3$#( 4"QR1 1M"V#2#:S'"( D"&C"$>S1"( VXDQD"VXC"B( pf#%'w( 1" $"1"&R( "&( #VY$'9T9( "VY3( 4S&%XC3( 3( >&9Y&%$3W 1"$( $"$#%Y'$W( X$'%9N9'( 3Q( D"&C"$>S1" VXDQD"VXC"$(VX4%\"(>""3Y$'#RT"3(MS&$'"$(D"&C" $

8 IEVADRAKSTS '#&Y3$(&%29&4"$W(&"a9T""(D"gSN#(>R&9&#%'SN3$#%$ 3Q(#'%$XMR13(D"&C"$>S1"(#Q4"'9T"3B `3&1VR'( &%DQ"4$W( 1"( VSR1"#$( D"&C"( &"axy34" 1R>34"('%4>$W(1"$(19>T(),B(Y$(*,B(Y"D3(M#D3$ MS&9N"4$( %3&9( Q9RW( "'$>9Y3g9( N"33( D"&C" &"axy343( 3QV"C9N9T3( '%;9V9c#N3( %>#%'#%1"43 #Q4"'9T"3B( _"#( Y"( $%1'9&9$W( 1"$( &"a9 #29&4R:#N"$(3(1943#1R:#N"$('%;9V9c#N"$(M"# $#%DQ("&(T9(N943($"#$'X'9$(>"1"V>9N343$W(D"&C" &"axy34$( >#%"3DQ#$W( D"3DQR$( :#'R$ '"3'$"#4#%:XC"$( 9Q"&S$( '"$( $"4"Q#RN#%$B( `"$ 9&RD"(3Q($'&31'3&RV9(%%V"$'XC3(%3&9(Q9RW(1"$ %>#%g"3n(m"#(1"ms(n"33('%;9v9c#n3(3(3qv"c9'3 &"a9t""$( >&9:%$3( R'&3( 3( %2%1'XM3( #%M#%T"3 M#$R$('"3'$"#4#%:XC"$(N94R$B t%49'( MS&R( 4#S'R$( 9&#$%$W( M#'RV#( $M"&XY"$( #& $'&31'3&RVR$(&%29&4"$W(1"$($'#43VS(N"3#RN343$W #%Y3VDXN343$(3(D"&C"(&"aXY343W(1R("&X(M%#:#" N"33( D"&C"( &"axy343( 3QV"C9N9T3( '%;9V9c#N3 #Q4"'9T"3B(d&(N"39('%;9V9c#N3(#Q4"'9T"3 $"#$'X'9( D"&C"( &"axy34"( 1R>343( M"N"DQS'3 >"R1'W( $'#43VSN9'( >&%u3( '#&Y3$( 1913&%:#W M%#:#9'( >R&$'&31'3&ST"3( 3( >#VM%#D9N9' :#VMS1&%$3&$3$W( 1"$( >"R1"4$W( 9D&9T#9' "'C#V$'9T"$( #QYVX'XC"$( $#$'S4"$( 3( 4R:XC"$ D"&C"M#%'RB %

9 &

10 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Euro zonas ārējā vide 1. EURO ZONAS ĀRĒJĀ VIDE 1*)=$ +*5;&$ L&;,7+*)=C$ &5&8')5$,&8,5&*=4*)>.-&5$ 84$ 2+?<2$ *)+&5.<8=&$ 6?' &+6*)4$*+$5&=?+2$'&-6?'./& PASAULES EKONOMISKĀS NORISES _XDQ(),,=B(Y"D"(C%#YR4('3&>#RNR$($"4S&R($'&"3N" >"$"3V%$('"3'$"#4#%:XC"$(#Q"3Y$4%W(3(VXDQ(T#4 >#%%N"4#%(&RDX'RN#(V#%:#"W(1"($#'3R:#N"(),,JB(Y"D" $R134R( C#N"( VXDQXY"B(!9>34R( >"1R>%#$1# $"4"Q#R$(>9V#'#1"$($'#43V"(#%'%14%W(3(#Q"3Y$4# MSV( "&M#%( M%#:#"( V"CMSVXY#( 2#"$ST""$ ">$'R1g#W( &%RV"NR4( >&9:%'3( V#14S4( 19>34R $"YV"CRN9'#%$( Q%4R( VX4%XB( ),,=B( Y"D"( C%#YR$ YV9CRV9(#Q"3Y$4#(9'%#:"($>S:XY"("1'#M#'R'%(Y" dfzw(y"(vxrw(13&($"vxdq#rn34r("&(#%>&#%1tsnr Y"D"( "'C#V$'9T9( >%&#9D3( =B( :%'3&1$X( "'1"V( C#N" MS&9N"4$( #Q"3Y$4%$( 1R>34$B(!9>SNR$( $"4S&R $>S:XYR$( 3( M#$>R&SNR$( YV9CRVR$( #Q"3Y$4%$ 19>"#R( n">r"( C#N"( C['#$1$( #Q\S434$W( N9( 'R$ #Q"3Y$4%(),,=B(Y"D"(>SDSNR(:%'3&1$X(N"3('&%T9 :%'3&1$#(>S:(1R&'"$(C#N"(%Y"'XM"B Z#$>R&( >SDSNR( V"#1R( >"'S&#\"( :%3( #2VR:#N" D"3DQR$( M"V$'X$( #&( 4"Q#RN3$#%$W( D"gSN# "'$>9Y3g9N9'( "2'"$( 3( >&%u3( :%3( "''X$'XC3 ),,=B(Y"D"( 9Y"VSB( `94S&( Y"D"( 8UE( #2VR:#N" L#Q\%49'(%%&c#N"$(3(>R&'#1"$(>&%u3($"$'RMD"g"$O M"#&R1R$(V#%VR1"NR$(M"V$'X$(N9>&9NR4(>"1R>%#$1# >"V#%V#RNR$B(),,=B(Y"D"(=B(:%'3&1$X(T#$(&RDX'RN$ lpu^(m"v$'x$(>#%"3y"(vxdq()b.o(l-b(:%'3&1$x(q )B,oOB d3y$'r$( 3( $MR&$'XYR$( "2'"$( :%"$( '3&>#RN" 94R1'( >"$"3V%$( '"3'$"#4#%:XC3B( Z#%V"#13$ YV9CRV"N9$(2#"T3('#&Y9$(N9>&9NR4(C#N"(MS&9N"4"$ Q#R4"$(C"a"$(>"&(R&SN9(%VXDQ$M"&9'XC3W(3(>"& '9( V#%:#RN"( M"V['"$( '#&Y3( &%"1:#N"( 3Q( D"aRD#%4 2%C&3R&X( >3CV#$19'#%4( D"'#%4W( 1"$( #%'%14SN" #%$>SN"49(19&%1:#N3(Y"#'"$('#&Y3$(9MS&'SN343B 1. attēls. Svarīgākās norises galvenajās industriāli attīstītajās valstīs euro zona ASV Japâna Lielbritânija IKP pieaugums 1) (pârmaiòas salîdzinâjumâ ar iepriekðçjâ gada atbilstoðo periodu; ceturkðòa dati; %) Inflâcija 2) (patçriòa preces; pârmaiòas salîdzinâjumâ ar iepriekðçjâ gada atbilstoðo periodu; mçneða dati; %) dm9'#?(m"v$'3(d"'#w(fgbw(!8+75,&,(3(pub(">&sf##b.o 8"&(%3&9(Q93(3(_#%VC&#'R#N3(#Q4"'9'#(!8+75,&,$D"'#r(>"& dfz( 3( n">r3( #Q4"'9'#( "''#%:XY9( M"V$'3( D"'#B( E!8( D"'#( #& $%Q9RV#(#QVXDQ#R'#B )O P3&9(Q9"$(3(_#%VC&#'R#N"$(F8UEr(dFZ(3(n">R"$(8UEB '

11 ASV ),,=B( Y"D"( >SDSNR( :%'3&1$X( dfz( %1994#$1R( "1'#M#'R'%( >"MRN#RNR$( '#1"#( %D"3DQB( F"$1"\R( "& >&9M#Q9&#$1#%4( D"'#%4( &%RVR( E!8( 3Q( Y"D3( "''#%:#R4"#$( :%'3&1T\"( 1R>34$( C#N"( -BHoB( `R( M%#D9T"R$ D"VXN34$(&RD"W(1"('#&DQ#%:XC"$(#%Y3VDXN34$(C#N"(%Y"'XM$W(3('"$(D"gSN#(%#'&"V#QSN"(Y"(#VY$'9T9$(>&#MR'R >"'S&#\"( #QD%M343$W( 13&3$( 9'%#:"( MSV( "&M#%( $'"C#V#%( 'S&#\#( >"&( #VYV#%'9N34"( >&%:S4W( Y"( 3Q\S4343 #%Y3VDXN343$( #%1R&'R$( 3( >&9Y&"44"'[&RB( ),,=B( Y"DR( 19>34R( &%RVR( E!8( >#%"3Y34$( C#N"( =B=o( q M#$$'&"3NR1"#$( >#%:3( Y"D3( V"#1RB( 8"&( ),,JB( Y"D"( $R1343( >#%%N"4#%( D"'#( V#%:#"W( 1"W( $"YV"CRN9'( $>S13W #%1TQ%4%$(%1994#$1R("1'#M#'R'%('94S&W(#%$>SN"4$W(M"&S'3(C['(>"MRN#RN3$#%$($"VXDQ#RN34R("&(),,=B(Y"D" C%#YR$( 9MS&9'9( D#"4#$19( '%4>3B( n"mr&x( &"a9t""$( #Q"3Y$4%( 3Q\S4349$( %4"#XNR$W( $"YV"CRN9'#%$ "'C#V$'9T"4(Y"D&XQ(%4"#XY"4(N"3D3(#Q4"'9T""$('%4>"4W(Y"VM%91R&'("'$>9Y3g9N9'(9(V"#1">$'R1g#%4 "'1"&XY"$( $"$'RMD"g"$( q( $"C#%D&#$19( 1943RV9( >"1"V>9N343( q( %>#VXC"$B( Z#%V"#13$( N"MR&X( '3&>#RN" >#%"3Y'( "&( "#Q$"&DQXC3( %$"#$'X'3( 1">#'RV>&%u3W( #Q\%49'( Y"#$"( '&"$>9&'VXDQ%1g3$W( >"$['XN34#B( _"#( Y" 3Q\S4343(9$1"\9N34"(&RDX'RN#(">$'&RD%$(&[>#%:XCR(M#$>R&(V#%:#"(>"&(9'%#1'3(>"YRN3TR(Y"D"(1R>34" 4"Q#RT"9$W('#%(N9>&9NR4(9&RD"W(1"(),,JB(Y"D"($R134R(&"a9T""(>">V"T#R$B(n"MR&X($"VXDQ#RN34R("& #%>&#%1TSN9(4S%$#($"4"Q#RNR$(4RN$"#4#%:XC3(&%RVR(>&#MR'R(>"'S&#\"(#QD%M34#W(Y"VM%91R&'("'$>9Y3g9N9' N"33("3'949C#g3(#%YRD%$(">N94"(1&#'343($"VXDQ#RN34R("&(),,=B(Y"D"(C%#YR$(&%c#$'&S'9("3Y$'9(VX4%#B `3MR1R(R19'S(Y"#DR4$W(1"(M#$>R&SNR(dFZ('"3'$"#4#%:XC"$(#Q"3Y$4%(MSV("&M#%(C[$($>S:XY"B(d3Y$'"N"# 3Q\S4343( >%VX'$>SN"#( 3( #QD%MXY"N#%4( 2#"$ST""$( 9'%#134#%4( M"N"DQS'3( M%#:#R'( 3Q\S4343 #%Y3VDXN343$B( F'#43VSN9T#%( 2#"$ST""$( 9'%#134#( 3( $'"C#VR$( 4RN91g3( '#&Y3$( >">V"T#RT"R$( &%Q3V'R'R 3Q1&R'R(C"YR'XC"('3&>#"(V"CMSVXY#(#%'%14S'("&X(4RN$"#4#%:XC3(>"'S&#\"(#QD%M343$B(Z#%V"#13$(),,JB(Y"D" $R134R( "&X( >"'S&S'RN3( 192#D%:%( C#N"( &%V"'XM#( $'"C#V"B( E%MS&9N9'( MS$'3&#$1#( Q%49( >&#MR'9( 3Q1&RN343( 3 MS$'3&#$1#( "3Y$'9( 4RN$"#4#%:XC3( >"&RD"( VX4%#W( #VY$'9T#( $'"C#V9( 4RN$"#4#%:XC3( #QD%M343( >#%"3Y343 Y"VM%91R&'( 9$"1"( 9&#$%$W( 1"$( $"#$'X'"$( "&( &%RV#( #Q4"'9N"4#%4( #%R134#%4B( `3&>4R1"#( D"&C"( '#&Y3$ >"X134"( 4"Q#RT""#( M"N"DQS'3( M%#:#R'( 4RN$"#4#%:XC3( D"&C"( $"4"1$"$( M%#DR( Y['9( #%R1343 >#%"3Y343W('RDSNRD#(>"V#%V#9'("&X(&%RV#(#Q4"'9N"49$(#%R1343$B(^"&C"($"4"1$"$("'C#V$'XC"('RVR1"#(D"&C" '#&Y3$( $#'3R:#N"$( 3QV"C9T""#( #%MS&9N"4#( "'1"&XY"( 9( 'RW( 1R( TX( 3QV"C9T""( #%'%14S$( %1994#$1#( "1'XM9 #%DQXM9'RN3(X>"'$M"&3(#%DQXM9'RN3(19>$1"#'R(LD"&C"$>S1"(VXDQD"VXC"$(VX4%#OW(1"$(>"TV"#1(#&(MS$'3&#$1#(Q%4$B 8"'S&#\"( :%3( Y"D"( #2VR:#N"( N"MR&X( $"4"Q#RNR$( VXDQ( -B,o( L9M%4C&X( q( -BJoOB( 8UE( Y"D"( >#%"3Y34$ L#Q\%49'(>R&'#13(3(%%&c#N3O(T"NR(4S%$X(%D"3DQ(>"V#%V#RNR$(LVXDQ()B-oOB(8%&$9#$1R(>"'S&#\"(#QD%M343 D%2V"'9&"(>R&4"#\"$(C#N"(VXDQXY"$(N"MR&X(9MS&9'"NR4(>"'S&#\"(:%3(#D%1$"(>R&4"#\R4B 59%'R&R$(>9V#'#1"$(N94R(/%D%&RVR("'1VR'R('#&Y3$(194#'%N"(NO)()+&'$P)4$Q&+;),$"7==*,,))R(),,JB(Y"D".B(3()B(2%C&3R&"($"R1$4S($%$'9(&%#Q#(>S:(1R&'"$(>""3Y$'#RN"(2%D%&RV9(29D3(4S&f"(V#14#(L>"&()J(CRQ%$ >31'#%4r( VXDQ()BJ,oOB( d'c#v$'9t#(#%>&#%1tsn#%4( >"Q#\9N34#%4( Q#\9N34R( >&%$%#('#1"( 9&RDX'$W( 1"( V#14N3 >""3Y$'#RT""( M"&S'3( 9'#1'( >"1R>%#$1#( '%4>RW( 13&3( #%$>SN"4$( 9'%#1'B( ),,+B( 2#$1RVR( Y"D"( C3Da%'" >&9N%1'RW(1"$('#1"(>3CV#$19'$(2%C&3R&"($R134RW($"YV"CR'$(4S&f#$(VXDQ(),,*B(2#"T3(Y"D"4(3Q(>3$#($"4"Q#R' 2#$1RV9( D%2#:X'3W( X$'%9N9'( dfz( "D4##$'&R:#N"$( #QD%M343( $"4"Q#RN34"( >&#%1TV#1343$r( D%2#:X'" $"4"Q#RT""$(>VR#(>"4"'9'#("&(>#%\S4343W(1"(>S:(1R&'SNR(2#$1RVR(Y"D"(C%#YR4(%C[$(>">#VD3(4#V#'R&9 #QD%M343(9>%&R:#NR4(E&R1R(3(d2Y"#$'RRB JAPĀNA n">rr( %1994#$1R( "1'#M#'R'%( >#%DQXM9( "'$VRC34"( >%&#9D3B( F"$1"\R( "&( >#&49( ">VS$#( ),,=B( Y"D" >SDSNR(:%'3&1$X($"VXDQ#RN34R("&(#%>&#%1TSN9(:%'3&1$#(&%RV"#$(E!8($"4"Q#RNR$(>"&(,B.oB(n"3R19 E!8(D"'3(""VXQ%(&RD"W(1"(TRD"(V%N3>$VXD%(Y"VM%91R&'("'$>9Y3g9N"(Y"(>&#MR'R(>"'S&#\"W(Y"(%'9 %1$>9&'"( %Y"'XM9( #%Y3VDXN343B( `3&>&%'X( >&#MR'#%( %&%Q#D%'3( #%Y3VDXN34#( 3( M"VDXC"$( >"'S&#\" #%Y3VDXN34$(C#N"(>9Q#'XM$B(`3&1VR'(E!8(>#%"3Y34$(),,=B(Y"D"(>#&4"N9$('&X$(:%'3&1T\9$(>R&$1"'XT""$ &%Q3V'R'R($"4"Q#RNR$W(D"gSN#("'$>9Y3g9N9'(>R&4"#\"$($%Q9RVR$(#QVXDQ#RT""$(4%'9DSB(8"4"'9N9'#%$ ()

12 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Euro zonas ārējā vide 3Q( T#%4( >R&$1"'X'"N#%4( D"'#%4W( n">r"$( &%RVR( E!8( :%'3&1T\"( >#%"3Y34"( '%4>$( C#N"( %Y"'XM$( "&X ),,=B(Y"D"()B(3(-B(:%'3&1$X(L"''#%:XY#(q,B)o(3(q,B-oOB(`94S&(CRQ%$(#%'%14%(3(V"C#%(.B(:%'3&1T\" &RDX'RN#(9'%#:"('9W(1"(&%RVR(E!8(Y"D"(>#%"3Y34$(L)B+oO(19>34R(C#N"("3Y$'R1"#$(19>T(.**+B(Y"D"B pf#%'w(1"(t#%(e!8(&rdx'rn#("&x('3&>4r1('#1$(>r&$1"'x'#w(v"#w(#%$>sn"4$w(>"r1'3('9(v#%vr13("'c#v$'xc3 :#'#%4( %1994#$1"N#%4( &RDX'RN#%4W( 13&#W( V"#( Y"( "&X( 9&RD"( 3Q( #%MS&9N"43( "'$VRC343( >S:.B(:%'3&1T\"W(%V#%:#"(>"&(2"1'#$13(E!8($"4"Q#RT"9$(>SDSN9('&#N3(:%'3&1T\3(V"#1RB GR19'S( #%$>SN"4$W( 1"( %1994#$1R( "1'#M#'R'%( M"#&R13( '3MR19( :%'3&1T\3( V"#1R( C[$( MRN"W( 1&RN343 >#%VRY9T""$(>%&#9D"4(">$'&RD%$(&[>#%:XC"$($%1'9&RW(X>"T#(E`(9Q"&SW('3M9N9'#%$(9$VSY34"4B e3rn9'( >"&( 9&#$S4( :%3( N94RW( $"YV"CRN"$( %V#%V$( D%2VR:#N"$( $>#%D#%$W( 3( >"TV"#1( 9'#%19TR $"C#%D&#$19(>"1"V>9N343(D%&%Y3VR:#N"(%$%(&"DXN3$#(%Y"'XM3(#%'%14#(3Q(>"'S&#\"(:%R4B(),,JB(Y"D" N"MR&X( 8UE( Y"D"( >R&4"#\3( '%4>$( 9(,B)o( #%>&#%1TSNR( 4S%$X( $"4"Q#RNR$( VXDQ( q,b.ow( 8UE "''#%:XY"N"4(VX4%#4(L#Q\%49'(%">$'&RDR'3(>R&'#13O(9(q,B)o(D%:%4C&X(>"Q%4#9'#%$(VXDQ(q,B-oB Z#%V"#13$( ),,=B( Y"D"( =B( :%'3&1$X( >S:(.B=o( V%N3>$VXD%$( #%>&#%1TSNR( :%'3&1$X( E!8( D%2V"'9&$ $"4"Q#RNR$(>"&(,B-o($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3B(),,JB(Y"D"(.KB(2%C&3R&X n">r"$(b"1"(">$'#>&#rn"($"m3('%19t9(19'3($"vd9(4s&f#(-,q-j('&#vnb(n">r"$(n%3(">n94rb LIELBRITĀNIJA _#%VC&#'R#NR( $"YV"CRN"$( $>S:XY"( '"3'$"#4#%:XC"$( #Q"3Y$4%B( ),,=B( Y"D"( =B( :%'3&1$X( &%RVR( E!8 >#%"3Y34$( $"VXDQ#RN34R( "&( #%>&#%1TSN9( :%'3&1$#( >"V#%V#RNR$( >"&(,BKoB( `9( M%#:#RN"( #%1TQ%4%$ >#%>&"$XN34$W(X>"T#(#%Y3VDXN34#W(1"$($"VXDQ#RN34R("&(#%>&#%1TSN9(:%'3&1$#(>#%"3Y"(>"&(.B=oB(G%'9 '#&DQ#%:XC"$( #%Y3VDXN34$( E!8( #Q"3Y$4S( ),,=B( Y"D"( =B( :%'3&1$X( C#N"( %Y"'XM$B( 5RN91g3( '#&Y3$ "1'#M#'R'%( ),,JB( Y"D"( N"MR&X( '3&>#RN"( >"MRN#R'#%$W( '94S&( Tf#%'W( 1"( 4RN91g3( :%3( 1R>34" >"VS#RT"R$(4"QR1(%1R(#%>&#%1T(#%'%14SN"(>"'S&#\3B(F#'3R:#N"(D"&C"('#&Y[(MSV("&M#%(C#N"($'"C#V"W 3(9D"&C#R'XC"$(VX4%#$(),,=B(Y"D"(=B(:%'3&1$X(>#%"3Y"(VXDQ(K=B*oW(>"V#%V#9'#%$("&X(C&XM9(D"&C" M#%'3($1"#'"4B(`3&1VR'(),,=B(Y"D"(=B(:%'3&1$X(%D"3DQ(>#%"3Y"(M#DSNR(D"&C"($"4"1$"W(Y"(#%$1"#'9' >#%4"1$"$W(Y"(C%Q('R4W(M#%V"#13$($"4S&R($>S:XY"4(D"&C"(&"aXY34"(1R>34"4(4"Q#9'(#%'%14#(3Q M#%XC"$(D"&C"$>S1"(#Q4"1$R4B(n"MR&X(F8UE(Y"D"(#2VR:#N"(C#N"(.B+o(L%4"#XY"($"VXDQ#RN34R("& ),,=B(Y"D"(D%:%4C&#OW('RDSNRD#(%>R&$#%DQ9'()o(#2VR:#N"$(4S&f#B `3MR1R( R19'S( >"&%DQ"4$W( 1"( _#%VC&#'R#N"$( '"3'$"#4#%:XC"( >#%DQXM9$( %V#%V3( "'$VRC343B( p#$ >"VS#RN34$(D"gSN#("'$>9Y3g9(Y"(%$%9(>&9:%'3(V#14N3(>"1R>%#$19(>"V#%V#RT"9$W(Y"(4RN91g3 '#&Y3$("1'#M#'R'%$(>#%&#4T""$($VR>SN9T9(#%'%14#B CITAS EIROPAS VALSTIS P1994#$1R( $#'3R:#N"( :#'R$( PF( M"V$'X$( R&>3$( %3&9( Q9"$( MSV( "&M#%( #&( $"4S&R( V"CMSVXY"W( V"#( Y" >&9D31:#N"$(#QV"#D%$(1R>34$(),,=B(Y"D"()B(>3$Y"DR(19>34R(M"#&$(%C#N"('#1($>S:XY$(1R(.B(>3$Y"DRB pr( &%c#9"( M"V$'3( >#%>&"$XN34$( '94S&( N9>&9NR4( >9Q#'XM#( #%'%14S( %3&9( Q9"$( R&SN9( >#%>&"$XN343B Z#%V"#13$(V#%VR1"NR(D"gR(T9(M"V$'3($"YV"CRN"$(4S&%$(#2VR:#N"$($>#%D#%$B E!8( >#%"3Y34"( '%4>$( ^R#NR( 3( hm#%d&#nr( ),,=B( Y"D"( -B( :%'3&1$X( $"VXDQ#RN34R( "&( #%>&#%1TSN9 :%'3&1$#(%D"3DQ($"4"Q#RNR$(L"''#%:XY#(VXDQ(,B.o(3(,B*oOB(E%1TQ%4%$(>#%>&"$XN34"('%4>"(1R>343 ^R#NR(4"Q#RN"(#%MS&9N"4$(#4>9&'"(>#%"3Y34$B(EQ"3Y$4#(hM#%D&#NR(Y"VM%91R&'(9'%#:"(1&RN343 >"V#%V#RT"R$W( C%'( %'9( %1$>9&'"( #%Y3VDXN34$( 1g3M"( %Y"'XM$B( =B( :%'3&1$X( ^R#N"$( &%RVR( E!8 >#%"3Y34"('%4>$("'1"V($"$#%DQ"(,BKoB(F8UE(Y"D"(#2VR:#N"("CR$(M"V$'X$(),,JB(Y"D"(N"MR&X(9$VXDSN" Q%4(.o(VX4%\"W("'$>9Y3g9N9'(D%YM#%V"$(:%3(1&#'343B(GR19'S(Y"#DR4$W(1"(&%RVR(E!8(>#%"3Y343 ^R#NR(9'%#1$(#%1TQ%4%$(>#%>&"$XN34$B(hM#%D&#NR(>&9D31:#N"$(#QV"#D%$(1R>34$(N9>&9NR4(C[$(&%V"'XM# "3Y$'$W("&("3Y9T9(#%1TQ%4%$(>#%>&"$XN343(194>%$SN9'(4S&%R19(%'9(%1$>9&'"(#%Y3VDXN343B ((

13 `&#NR$( V#%VR1"NR$( N"3"NR$( PF( D"VXCM"V$'X$( L89V#NRW( ]YR&#NR( 3( i%;#n"$( e%>3cv#1ro( ),,=B( Y"D" )B(>3$Y"DR('3&>#RNR$($>S:XY$(%1994#$1R$("1'#M#'R'%$(>#%"3Y34$W(13&"('%4>$('94S&(C#N"(%D"3DQ VSR1$(%1R(#%>&#%1TW(C%'(#2VR:#N"$($>#%D#%$($"4"Q#RNR$B(F"$1"\R("&(>&9M#Q9&#$1R4(">VS$S4(89V#N"$ &%RVR(E!8(Y"D"(>#%"3Y34"('%4>$('3&>#RN"(>"VS#R'#%$W(),,=B(Y"D"(=B(:%'3&1$X(9$VXD9'(%D"3DQ Q%4(=oB(]YR&#NR('"$($"YV"CRNR$(#%>&#%1TSNR(VX4%X(L-BKoOB(i%;#N"$(e%>3CV#1R(&%RVR(E!8(#Q"3Y$4% -B(:%'3&1$X( $"4"Q#RNR$( VXDQ( -BJoB( dcr$( >SDSNR$( M"V$'X$( #%Y3VDXN34#( N9>&9NR4( C#N"( M#%$( 9 Y"VM%"N#%4( #Q"3Y$4#( M%#:#9T"N#%4( 2"1'9&#%4W( C%'( 89V#NR( 1">#'RV#%( #QD%M34#( >#%"3Y"( '#1"# >"1R>%#$1#B( EQ\%49'( 89V#N3W( %'9( %1$>9&'"( #%Y3VDXN34$( #Q"3Y$4S( 19>34R( C#N"( #%&9C%a9'$( M"# %Y"'XM$B( E4>9&'$( #%MS&9N"4#( >#%"3Y"( $"1"&R( "&( 9QX4XY#%4( #%Y3VDXN34#%4( 3( TX$( #QD%M343 $"$'RMD"g"$(V#%V9(#4>9&'"(X>"'$M"&3B(`3&>4R1(Y"#DR4$W(1"($"YV"CR$#%$($>S:XY$(>&9D31:#N"$(#QV"#D%$ 1R>34$B(F8UE(Y"D"(#2VR:#N"W(1"$(),,=B(Y"D"(.B(>3$Y"DR(#%MS&9N"4#(>"V#%V#RNR$W(M#$R$('&#NR$(M"V$'X$ '3&>#RN"($"4"Q#R'#%$B(E%$>SN"4$W(1"(%$%"N"4(":#9RVR$(M"V['"$(13&$"(1R>34"4(T"NR$(M"V$'X$(C#N" V%N3>MS&$'"(#%'%14%(3Q(:%R4B(n"MR&X(F8UE(#2VR:#N"(i%;#N"$(e%>3CV#1R(C#N"($"4S&R(4S&%"(L.BJoOW C%'(89V#NR(3(]YR&#NR('R(C#N"("''#%:XY#(-BHo(3(-B*oB _#%VR1"NR( D"gR( >R&SN9( R&>3$( %3&9( Q9"$( %$9T9( PF( M"V$'3( %1994#$1R( "1'#M#'R'%( ),,=B( Y"D" -B(:%'3&1$X( '3&>#RN"( $'&"3N#( >"V#%V#R'#%$W( 3( Tf#%'W( 1"( $>S:XY"( >&9D31:#N"$( #QV"#D%$( #Q"3Y$4% $"YV"CRNR$( VXDQ( Y"D"( C%#YR4B( 6"D"( C%#YR$( #2VR:#N"( >"Q%4#RNR$( V#%VR1"NR( D"gR( T9( D"VXCM"V$'3W( 'R &%Q3V'R'R(>"1R>%#$1#($"4"Q#9'#%$(#%>&#%1TSN#%4("'$%M#Tf9(:%3(1R>34#%4B n"3r1#%(>3cv#$19'#%(d"'#(v#%:#"(>"&("1'#m#'r'%$($"4"q#rt"9$(pm%#:s(>"yrn3tr(y"d"(9y"vsb(_"#(y" ),,=B(Y"D"(9Y"VS(%1$>9&'$($"T"3&#RNR$W(MSVR1(T"NR(Y"DR('"$("'1"V(M"&S'3(>#%"3Y'W(N9(pM%#:%$(2&"1" 13&$"( #%>&#%1TSN9( >#%"3Y343( 94"#XN"( 'R( 1&#'34$( D%:%4C&XB( ),,JB( Y"D"( N"MR&XW( "'$>9Y3g9N9' Q%4R1"$(%%&c#N"$(:%"$W(Y"D"(8UE(#2VR:#N"(C#N"(.B)o(L),,=B(Y"D"(9M%4C&X(q(.B+oOB(),,=B(Y"D".+B(D%:%4C&X(pM%#:%$(G":#9RVR(C"1"(9VS4"(%4"#X'(-(4S%T3(_Eble(4S&f"(D#">"Q93(L,B)Jq.B)JoOB!&#%M#NR('3&>#RNR$($>S:XY"(%1994#$1R("1'#M#'R'%W(19(MSV("&M#%(M%#:#RN"("3Y$'R$("2'"$(:%"$B(8S: 1R>34"(>"&(KB.o(),,=B(Y"D"(-B(:%'3&1$X(E!8(>#%"3Y34$(=B(:%'3&1$X($"VXDQ#RN34R("&(#%>&#%1TSNR Y"D"( "'C#V$'9T9( >%&#9D3( C#N"( +BKoB( EQ"3Y$4#( M%#:#RN"( MSV( "&M#%( $>S:XY"#$( >&#MR'"#$( >"'S&#\T( 3 #%Y3VDXN34#B(8#&4R$(">VS$%$(V#%:#"W(1"(),,=B(Y"DR(19>34R(#Q"3Y$4%(C#N3$#(KB.o(L%D"3DQ(4"QR1" %1R( #%>&#%1TSNR( Y"DROB( E2VR:#N"( N9>&9NR4( C#N"( "3Y$'"W( ),,JB( Y"D"( N"MR&X( 8UE( Y"D"( >R&4"#\3 '%4>"4($"$#%DQ9'(.)BKoW(D"gSN#("'$>9Y3g9N9'("D4##$'&"'XM#(&%Y3VS'9(:%3(1R>343$B ĀZIJA (IZŅEMOT JAPĀNU) Z"#&R13(sQ#N"$(L#Q\%49'(n">R3O(M"V$'3(%1994#$1R("1'#M#'R'%('3&>#RN"(%D"3DQ($"4"Q#R'#%$W(C%' vxr('r(n9>&9nr4(c#n"($'"c#v"b(`94s&(19>34r(&%c#9$w(1"$(9d&9t#"(m#$4"q(.=o(%3&9(q9"$(r&snr >#%>&"$XN34"W( '3&>#RN"( D#"4#$1#( "''X$'X'#%$B( d1'#m#'r'%$( "'$VRC34R( Y"VM%91R&'( "'$>9Y3g9NR$ %1$>9&'"(>#%"3Y34"($"4"Q#RT"R$W(1"$(#Q>"3DR$(1R(&[>#%:#$1R$(D"&CXC"$(>"VS#RT"R$B(`3&>&%'X >&#MR'"#$(>"'S&#\T(19>34R(C#N"($"4S&R($>S:XY$B(Z#%V"#13$(&%c#9R('3&>#RN"($"4"Q#R'#%$(#2VR:#N"$ $>#%D#%$B ),,JB(Y"D"($R134R(vXR('3&>#RNR$($'"C#V"(#Q"3Y$4%W(3('9(M%#:#RN"(9&#$%$('#&DQ#%:XCRB(P1$>9&'$ N"MR&X( >#%"3Y"( >"&( =)B)o( $"VXDQ#RN34R( "&( #%>&#%1TSNR( Y"D"( "'C#V$'9T9( >%&#9D3W( C%'( #4>9&'$ >"V#%V#RNR$( >"&( )-B*oW( 9D&9T#9'( #%MS&9N"43( '#&DQ#%:XC"$( >9Q#'XM9( $"VD9B( E2VR:#N"( '3&>#RN" >"Q%4#R'#%$( 9( )B=o( D%:%4C&X( VXDQ(.B*o( N"MR&XB( ^#%M#D19&%NR( $"YV"CRNR$( $"4S&R( $'"C#V" %1994#$1R("1'#M#'R'%W(19(9'%#:"(%1$>9&'$B(`94S&(#%1TQ%4%$(>#%>&"$XN34$(MSV("&M#%(C#N"(MRNTW(V"# Y"(C#N"(MS&9N"4"$(>"'S&#\"(#QD%M343(>""3Y$'#RT"R$(>"QX4%$B (*

14 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Euro zonas ārējā vide Âzijas (izòemot Japânu) vispârçjâs aktivitâtes izredzes nâkotnç joprojâm ir stabilas. Lai gan iespçjams, ka tirdzniecîba nedaudz saðaurinâsies, paredzams, ka privâtâ patçriòa veselîgâs izaugsmes dzinulis saglabâsies, galvenokârt atspoguïojot vispârçju darba tirgus uzlaboðanos. Tâdçjâdi iespçjams, ka 25. gadâ iekðzemes pieprasîjums, nomainot neto eksportu, darbosies kâ galvenais ekonomiskâs izaugsmes virzîtâjspçks. Ðíiet, ka saglabâsies mçrens ar to saistîtais inflâcijas spiediens. LATĪŅAMERIKA Informâcija, kas pieejama par Latîòameriku, norâda, ka turpinâs spçcîgs produkcijas izlaides reâlais pieaugums. Reìiona trijâs lielâkajâs valstîs (Argentînâ, Brazîlijâ un Meksikâ) tautsaimniecîbas nostiprinâðanâs joprojâm bija samçrâ vispusîga ar stabiliem panâkumiem gan eksportâ, gan iekðzemes pieprasîjumâ, kurus daïçji veicinâja spçcîgais globâlais preèu pieprasîjums. Pagâjuðâ gada pçdçjâ ceturksnî gan Meksikas, gan Brazîlijas reâlais IKP pieauga par 4.9% (salîdzinâjumâ ar iepriekðçjâ gada atbilstoðo periodu), bet Argentînâ rûpnieciskâ raþoðana salîdzinâjumâ ar iepriekðçjâ gada atbilstoðo periodu palielinâjâs par 8.5%. Ðíiet, ka arî nâkotnç ekonomiskie apstâkïi bûs labvçlîgi, saglabâjoties gan spçcîgam eksportam, gan iekðzemes pieprasîjumam. Paðlaik grûti novçrtçt Argentînâ notiekoðâ parâda pârstrukturçðanas procesa precîzu ekonomisko ietekmi, un tas ir svarîgs reìionâ valdoðâs nenoteiktîbas avots PREČU TIRGI Naftas cenu norisçm joprojâm raksturîgas ievçrojamas svârstîbas. Pçc 24. gada oktobrî sasniegtâ vçsturiski augstâkâ lîmeòa naftas cenas lielâkajâ gada atlikuðajâ daïâ pazeminâjâs, pçc tam janvârî atkal nozîmîgi pieaugot. Naftas cenas februâra beigâs atgriezâs oktobra lîmenî. Sâkotnçjais naftas cenu kritums februârî notika pçc vçlçðanâm Irâkâ, kas norisçja bez lieliem ðîs valsts naftas piegâdes pârtraukumiem, un pçc Naftas produktu eksportçtâju valstu organizâcijas (OPEC) lçmuma janvâra beigâs nemainît naftas raþoðanas kvotas. Tomçr februâra otrajâ pusç naftas cenas atkal paaugstinâjâs pçc tam, kad Starptautiskâ Enerìçtikas aìentûra (SEA) publicçja tâs Naftas tirgus februâra ziòojumu, kurâ pretçji savam iepriekðçjam novçrtçjumam prognozçja naftas tirgus saðaurinâðanos 25. gadâ. SEA paaugstinâja naftas pieprasîjuma prognozi 25. gadam, bet OPEC neietilpstoðo valstu naftas raþoðanas pieauguma prognoze 25. gadam tika pazeminâta. Cenu kâpumu noteica arî aukstâ laika periods gan Eiropâ, gan Ziemeïamerikâ, kâ arî OPEC pârstâvju komentâri par iespçjamo augsto naftas cenu saglabâðanos visu gadu. 2. martâ Brent jçlnaftas cena sasniedza 5 ASV dolâru. Gaidâms, ka ierobeþotâs brîvâs jaudas visâ naftas piegâdes íçdç un no tâ izrietoðais piedâvâjuma un pieprasîjuma lîdzsvara jutîgums pret neparedzçtâm pârmaiòâm bûs iemesls tam, ka naftas cenas bûs gan augstas, gan svârstîgas. Tirgus dalîbnieki prognozç, ka lîdz 27. gada beigâm naftas cenas varçtu pakâpeniski samazinâties lîdz 42.9 ASV dolâriem. 2. attēls. Svarīgākās norises preču tirgos Brent jçlnafta (ASV dolâri par barelu; kreisâ ass) neenerìijas preces (ASV dolâros; indekss: 2 = 1; labâ ass) II III IV I Avoti: Bloomberg un HSEI

15 G%%%&c#N"$(>&%u3(:%"$(2%C&3R&X(>#%"3Y"W(>"V#%V#9'#%$(Y"(&[>#%:XC"$(#Q%NM#%V3W(Y"(>R&'#1"$(>&%u3 :%R4B(dFZ(D9VR&3(#Q'%#1$4S(%%%&c#N"$(>&%u3(:%"$(2%C&3R&X(19>34R(C#N"(>"&(.o("3Y$'R1"$(%1R >#&4$(Y"D"B 1.3. VISPĀRĒJĀ ĀRĒJĀS VIDES PROGNOZE G%&"3Y9'#%$(3Q(Q#R43(>"VS#RT"9$($"VXDQ#RN34R("&(),,=B(Y"D"("3Y$'9('%4>3W(Y"#DR4$W(1"($>S:XYR >"$"3V%$( '"3'$"#4#%:XC"$( #Q"3Y$4%( 3( %3&9( Q9"$( M"V$'3( R&SNR( >#%>&"$XN34"( 1R>34$( $"YV"CR$#%$B 6"#DR4$W( 1"( #Q"3Y$4#( M%#:#R$( 9'3&XY#%( V"CMSVXY#%( 2#"$ST""$( 9$":XN34#B( prd3( 9MS&'SN343 >"4"'R( ">$'#>&#"( YV9CRV#%( &RDX'RN#W( >#%4S&"4W( YV9CRV"#$( #%>#&1343( M"DX'RN3( #D%1$$( NS'7-&' H8+>T&5*4/$Q&4&/)+5U$V4()WR(3(lPU^(">M#%9'"#$(Y"VM%"#$(&RDX'RN$(NP!"X$"7=75*,)$Y)&(*4/ V4(*>&,7+RB( G9'3&XY#( "3Y$'R$( "2'"$( :%"$( 19>R( "&( #%MS&9N"4R4( X$V"#:XYR4( :%3( $MR&$'XCR4( '94S& ">D&"3D(TRD"$(>&9Y9Q%$(>#%>#VDXT"9$B(`3&1VR'(MSV("&M#%(>"$'RM(>&9CVS4"$W(1"$($"#$'X'"$("&(YV9CRV9 %VXDQ$M"&9'XC3B ("

16 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 2. MONETĀRĀS UN FINANŠU NORISES 2.1. NAUDA UN MFI KREDĪTI M)+&8/7,*)5$ ;&5$ '*)>*42<&$ &+$,8+=2;8C$ '&*$ &+.$ &;2)4*5;8C$ '*;=<8$5,*=8'?<712$*),);=)9$\)=25$+7>)4,8$'*;=)5$6)*>*42<&$&+.$,8+=2;8$;+)(.,8$&<7=&$*)&8/8=89 PLAŠĀS NAUDAS RĀDĪTĀJS M3 6"D3(4#NR('3&>#RNR$(),,=B(Y"D"(9'&"NR(>3$S(9MS&9'"#$(5-(>#%"3Y34"(1R>34$B(),,JB(Y"D"(N"MR&X(5- Y"D"(>#%"3Y34"('%4>$(>"V#%V#RNR$(VXDQ(+B+o(L),,=B(Y"D"(=B(:%'3&1$X(q(+B,or(-B(:%'3&1$X(q(JB+oOB -(4S%T3( 4"#XY"#$( M#DSN"#$( 5-( Y"D"( >#%"3Y34"( '%4>$( ),,=B( Y"D"( 9M%4C&Xq),,JB( Y"D"( N"MR&X >#%"3Y"(VXDQ(+B-o(L),,=B(Y"D"(91'9C&XqD%:%4C&X(q(+B.or($1B(-B("''BOB 59%'R&R$( 9&#$%$( '3&>#RN"( 9'%#1'( D#M# $"M$'"&>SN#(>&%'SN#($>S1#B(G9(M#%"$(>3$%$W(Q%4R$ >&9:%'3(V#14%$(9QX4SN"(Q%4"$("3D"$('3&ST""$ #QMSV%$(#Q4"1$"$W(3('"4(C#N"($'#43VSN9T"(#%'%14% 3Q( 5-W( X>"T#( 3Q( 'R( $"$'RMD"g3( "&( M#$"3Y$'R19 V#1M#D#'R'#W(>#%"3Y343B(pRD"($'#43VSN9T"(#%'%14%W N"(>&9:%'3(V#14%$(#&(Q%4"$W(M"&(C['(X>"T#($>S:XY" $"1"&R( "&( D"&XN343( #Q4"1$R4W( 1"$( $"#$'X'"$( "& >9&'2%g3( $"$'RM"( >R&4"#\R4( >"&( V"C3( 4"QR1 V#1MXD#%4("1'XM#%4B G9( 9'&"$( >3$%$W( '3&>4R1"( >9&'2%g3( $"$'RM" >R&4"#\3( 9&4"V#QST"R$( >S:( '"4W( 1"D( 9 ),,.B(Y"D"( VXDQ( ),,-B( Y"D"( M#D34( >&#%1T&91" Y"VM%91R&'( '#1"( D9'"( V#1M#D#'R'%#W( 1"MSN3$# 49%'R&9( >#%"3Y343B( 8"'#%$XCRW( V"#( Y"( 19>T ),,=B(Y"D"(9'&R$(>3$%$(MS&9N"4$(5-(>#%"3Y34" 1R>34$W("3D"$('#&Y3$("1:#N3(3(D"g3(>#%"3Y34" 4"Q#RT"R$(3('RVR1"(#%MS&9N"4"(5/E(#VY'%&4#\" 2#"T3($"#$'XC3(>"V#%V#RT"R$(9&RD"W(1"(2#"T3 #%Y3VDXN343( 9&#T3( 9&4"V#QR:#N"W( 1"3'( "&X >"1R>%#$1#W(#&('3&>#RN3$#%$B 3. attēls. M3 pieaugums un atsauces vērtība L$%Q9RV#(#QVXDQ#R'"$(3("'C#V$'9T#(D"&C"D#%3($1"#'"4(19&#cS'"$ >R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO M3 (gada pieauguma tempa 3 mçneðu centrçtais mainîgais vidçjais râdîtâjs) M3 (gada pieauguma temps) M3 (uz gadu attiecinâtais 6 mçneðu pieauguma temps) atsauces vçrtîba (4.5%) ( Y"D"( >#%"3Y34"( '%4>$W( 1"$( 19&#cS'$( "& >9&'2%g3($"$'RM"(>R&4"#\3(#%'%14%$(">VS$S4W(MSV "&M#%( >R&$#%DQ"( 92#:#RVR( 5-( Y"D"( 1R>34" dm9'$?(pubb '%4>3( L$1B( =B( "''BOB. ( F'"&>XC"( $'"&>( 19&#cS'R &RDX'RN"(3(92#:#RVR(5-(Y"D"(>#%"3Y34"('%4>3(#&(%V#%V"W(3W('3M9N9'#%$(Y"D"(C%#YR4W(1"D(%3&9(Q9"$ &%Q#D%'3(>9&'2%g3($"$'RM"(9&4"V#QST"R$(MSV(>"VS#RNR$W('R($"&31"(MSV(M"#&R1B(`94S&(NR"'QX4SW(1"W \%49'(MS&R(%#QCSY"4R$(%$1"#D&XC"$W(1"$($"#$'X'"$("&(T9(>9&'2%g3($"$'RM"(>R&4"#\3(9MS&'SN343W(TX$ 19&#cS'R$(D"'3($S&#N"$(NR#'%&>&%'S("&(Q#R43(>#%$"&DQXC3B. FX1R13(#29&4R:#N3($1B(),,=B(Y"D"(91'9C&"(w5S%T"(b#g%'%"w(&"1$'R(Q74),&+]$&4&']5*5$*4$+)&'$,*=)9 (#

17 GALVENĀS M3 SASTĀVDAĻAS d>v[19n"4r( >%&#9DR( 5-( 1R>343( MSV( "&M#% Y"VM%91R&'(9'%#:"($>S:XY"#$(5.(Y"D"(>#%"3Y34$ L$1B(JB("''BOW(">$'#>&#9'(M#%D91V#W(1"(Q%4R$(>&9:%'3 V#14%$(>"'V"C"(#&(Y"VM%"#$(49%'R&R$(D#"4#1"$ M#&QX'RN$>S1$B( F"VXDQ#RN34R( "&( ),,=B( Y"D" -B(:%'3&1$#( =B(:%'3&1$X( 5.( Y"D"( >#%"3Y34" '%4>$( %D"3DQ( 1&#'R$W( '94S&( N9>&9NR4( $"YV"CRNR$ "3Y$'$(q(*B-o(L-B(:%'3&1$X(q(*B+or($1B(.B('"C3V3OB p9(1&#'343(9'%#:"($1"#d&r$("3d"$(">y&9qxcr(3 9Y3VDXN343( 3Q( "1'#( 1R>34"( '%4>" $"4"Q#RN34$W( '94S&( N"MR&X( M#$4"Q( D"gSN#( C#N" MS&9N"4"$(>&%'SN"$(9&#$%$B(),,JB(Y"D"(N"MR&X(5. Y"D"( >#%"3Y34"( '%4>$( >"V#%V#RNR$( VXDQ( *B)o LD%:%4C&X( q( HB=oOW( "'$>9Y3g9N9'( Y"D"( C%#Y3 #%'%14#B 4. attēls. M3 un ar portfeļu sastāva pārmaiņu ietekmes aplēsēm koriģētais M3 L$%Q9RV#(#QVXDQ#R'"$(3("'C#V$'9T#(D"&C"D#%3($1"#'"4(19&#cS'"$ >R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO oficiâlais M3 ar portfeïu sastâva pârmaiòu ietekmes aplçsçm koriìçtais M3 1) atsauces vçrtîba (4.5%) dm9'$?(pubb.o(d>vs$%$(>"&('9w(:#1(v#%v"(#&(>9&'2%g3($"$'rm"(>r&4"#\3(#%'%14% 3Q( 5-W( M%#1'"$W( #Q4"'9N9'( PUb( ),,=B( Y"D"( 91'9C&"( w5s%t" b#g%'%"w( &"1$'"( Q74),&+]$ &4&']5*5$ *4$ +)&'$,*=)( =B( $"D"gR ">&"1$'X'9(>#%%N3B 1. tabula. Monetāro rādītāju kopsavilkuma tabula L:%'3&1T\"(D"'#(#&(M#DSN#%r($%Q9RV#(#QVXDQ#R'#(3(19&#cS'#("'C#V$'9T#(D"&C"D#%3($1"#'"4O L(7("'$+(:I:J("-+J') 6-/$1:J)",& 344M 344N 344N 344N 344N 344N 3445 OMP"Q "RS ;T ; ;; ;;; ;T U+HK V(,CK!" #$%& ""%& ""%& "&%' (%) (%* +%# (%' F1"#D&R("3D"(">Y&9QXCR KB. )+BJ )=B, ).B+ ),B-.*B..KB,.HBJ G9Y3VDXN34#(3Q("1'# -KB* HBK *B. HBJ KB* KB+ +B* KBK 5)(q(5.(Lx(>R&SN#%(X$'%&4#\"(9Y3VDXN34#O =,B+ =BH -B-.BK )B, -B= =BJ =B= G9Y3VDXN34#("&(9'%#1'9('%&4#\3 VXDQ()(Y"D#%4(L#%$1"#'9'O.JBK I-B, I=B= IKB, IJB* I)B=,B),B+ G9Y3VDXN34#("&(C&XD#RN34"('%&4#\3(>"&(#Q\%4T"3 VXDQ(-(4S%T#%4(L#%$1"#'9'O )=B*..B, *B) HB. KB+ KBJ KB= KB,!' +$%),%(,%' )%& $%+ )%# )%$ )%( 5-(q(5)(Lx('#&Y9N"4#%(2#"T3(#$'&34%'#O.=B= KBK JBH )BJ )B, =B, =BJ )BH!* "&&%&,%) )%# $%# $%) )%& )%# )%) #:%&"D&,()"%+D$7+,-$+J"$D),$+I-$+"1%+7E-$ $%+ $%+ )%& )%' )%& )%& )%$ Z"VDXC"#(#Q$#%Y'#%(1&%DX'# +BJ +B, +B= +B= -BK )B- -BK Z"VDXC"#(#Q$#%Y'#%("#QD%M34#.BJ.B) )B- )B=,BK I,B+,B- 8&#MR'"N"4($%1'9&"4(#Q$#%Y'#%(1&%DX'# JB+ JBK JB* +B) +B+ KB, KB- 8&#MR'"N"4($%1'9&"4(#Q$#%Y'#%("#QD%M34# JB- JB= JB+ +B) +BH KB, KB- ;/I.1("-+%J$>("F$,(,@:")($)-E() W$D>+J&-"1('$-./:":,"%+D+%C+)S )%#,%' +%* +%) +%( (%* (%" dm9'$?(pubb.o(8sdsnr(4s%t"(c%#yr$(>#%%n"4#%(d"'#b(f1"#'g3(9">"g9t""$(&%q3v'r'r($344"(m"&("'tf#&'#%$(9(19>$344"$b ($

18 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises j$'%&4#\"( 9Y3VDXN343( L#Q\%49'( 9Y3VDXN343$( 3Q( "1'#O( Y"D"( >#%"3Y34"( '%4>$( =B( :%'3&1$X >"V#%V#RNR$( VXDQ( -B=o( L#%>&#%1TSNR( :%'3&1$X( q( )B,oOB( `"$( "'$>9Y3g9N"( 4"QR13( Y"D"( $"4"Q#RN34" '%4>3( 9Y3VDXN34#%4( "&( 9'%#1'9( '%&4#\3( VXDQ( )( Y"D#%4( #%$1"#'9'( L'%&4#\9Y3VDXN34#%4OW( C%' 9Y3VDXN34#( "&( C&XD#RN34"( '%&4#\3( >"&( #Q\%4T"3( VXDQ( -(4S%T#%4( #%$1"#'9'( L1&RN9Y3VDXN34#O '3&>#RN"( #%MS&9N"4#( >"V#%V#R'#%$( Y"D&XQ( %4"#XYR( '%4>RB( `94S&( =B( :%'3&1T\"( 9&#$%$( C['#$1# #%'%14SN"(VXDQ%1g3(>R&D"V%(9(9Y3VDXN34#%4(3Q("1'#(3Q(:#'#%4(X$'%&4#\"(9Y3VDXN34#%4W(C%'W($>&#%a9' >S:(N"MR&"(D"'#%4W(Tf#%'W(TX$(9&#$%$(V#%VR19'#%$(C#N3T"$(X$V"#:XY"$B(`R$(#%'%14SN"(5.(D#"4#13W('"u3 "'$>9Y3g9N"('#1"#(>R&4"#\"$(5-($"$'RMD"gR$B 8S:(>"V#%V#RT"R$(VXDQ(=B,o(),,=B(Y"D"(-B(:%'3&1$X('#&Y9N"49(2#"T3(#$'&34%'3(Y"D"(>#%"3Y34" '%4>$(=B(:%'3&1$X($"4"Q#RNR$(VXDQ(-BHoB(`"$("'$>9Y3g9('RVR13("3D"$('#&Y3$(29D3("1:#N3(3(D"g3 ">N94"( Y"D"( >#%"3Y34"( '%4>"( 1&#'343B( prd"$( 9&#$%$( >"4"'9( M#%D91V#W( 1"( ),,=B( Y"D"( >SDSNR :%'3&1$XW( V"#( Y"( >"1R>%#$1#W( '94S&( 9&#$SN"( %3&9( Q9"$( 4RN$"#4#%:XC3( 3( 3Q\S4343( >9&'2%g3 $"$'RM"( >R&4"#\3( 9&4"V#QST"R$B( 8R&SNR$( '#&Y9N"49( 2#"T3( #$'&34%'3( $"$'RMD"gR$( ),,=B( Y"D" D%:%4C&Xq),,JB(Y"D"(N"MR&X(C#N"(MS&9N"4"$($MR&$'XC"$B GALVENIE M3 ATBILSTOŠIE BILANCES POSTEŅI ZS&'SN9'( "'C#V$'9T9$( C#V":%$( >9$'%\3$W( 5/E( 1&%DX'3( %3&9( Q9"$( &%Q#D%'#%4( Y"D"( 1R>34"( '%4>$ ),,JB(Y"D"(N"MR&X('3&>#RN"("3Y'(3($"$#%DQ"(+BJoW(M#$34R(">$'#>&#9'(),,=B(Y"DR(9MS&9'9(1R>34" D#"4#13B( `R( >"4"'R( C#N"( #VY$'9T$( >&#MR'"N"4( $%1'9&"4( #Q$#%Y'9( 1&%DX'3( >#%"3Y34$W( C%'( M"VDXC"# #Q$#%Y'9(1&%DX'3(D#"4#1"#(C#N"('%D%:%(>"VS#R'#%$B h%4r$(>&9:%'3(v#14%$(3(3qv"c9'#%(1&%dx'3(>#%drmrn34"(">$'r1g#(m%#:#rn"('rvr13(>&#mr'"n"4($%1'9&"4 #Q$#%Y'9(1&%DX'3(>#%"3Y34"(1R>343(=B(:%'3&1$X(L+B+or(-B(:%'3&1$X(q(+B)oOB(!&%DX'3(3("#QD%M343 D#"4#1"$( "3YT3>%N"$( '%D%:%( '3&>#RNR$( "&X N"MR&XW(1"D(>&#MR'"N"4($%1'9&"4(#Q$#%Y'9(1&%DX'3 Y"D"( >#%"3Y34"( '%4>$( >"V#%V#RNR$( VXDQ( KB-o LD%:%4C&X( q( KB,oOB( 8&#MR'R( $%1'9&"( 1&%D#'ST"" 1g3M3$#( >V"TR1"( "&X( M#$9$( %2#"T3( $%1'9&9$ L$%1'9&3( 9&#$%$( $"#$'XCR( "&( >&#MR'"N"4( $%1'9&"4 #Q$#%Y'"N#%4(1&%DX'#%4($1B()B+B(3()BKB($"D"gROB =B( :%'3&1$X( M"VDXC"#( #Q$#%Y'9( 1&%DX'3( Y"D" >#%"3Y34"( '%4>$( $"4"Q#RNR$( VXDQ( -BKo L-B(:%'3&1$X( q( +B=oOB( Z"VDXC"#( #Q$#%Y'9( 1&%DX'3 $"4"Q#RN34$( ),,=B( Y"DRW( #%$>SN"4$W( $"#$'X'$( "& %&%Q#D%'3( "3Y$'9( >#%>&"$XN343( >S:( %3&9( Q9"$ M"VDXC"$( MS&'$>">X&#%4( M"V['"$( 13&$3( Y"#D3 >R&4"#\3(&%Q3V'R'RW('3M9N9'#%$(Y"D"(C%#YR4B(`R(1R ),,JB( Y"D"( N"MR&X( C#N"( C%#DQ#%$( #%>&#%1TSNR 4S%T"( #%MS&9N"4"#$( 5/E( M"VDXC"$( MS&'$>">X&3 '3&SN343( 1&#'34$( 3( C#N"( MS&9N"4"$( >&%'SN"$ '%D%:%$W( M"VDXC"#( #Q$#%Y'9( 1&%DX'3( Y"D" >#%"3Y34"( '%4>$( >"V#%V#RNR$( VXDQ( -BKo LD%:%4C&X(q()B-oOB 5. attēls. Ieguldījums M3 gada pieaugumā L$%Q9RV#(#QVXDQ#R'#(3("'C#V$'9T#(D"&C"D#%3($1"#'"4(19&#cS'#(D"'#r >&9:%'3(>31'9$r(5-(>#%"3Y34$r(oO M1 pârçjie îstermiòa noguldîjumi tirgojamie finanðu instrumenti M dm9'$?(pubb (%

19 ZS&'SN9'(:#'3$(5-("'C#V$'9T9$(C#V":%$(>9$'%\3$W(19>T(),,-B(Y"D"(M#D3$($'"C#V#QSN3$#%$(#VYR1"('%&4#\" 2#"T3($"#$'XC3(L#Q\%49'(1">#'RV3(3(&%Q%&M%$O(D#"4#1"(L$1B(+B("''BOB(`9(Y"D"(1R>34"('%4>$(N"MR&X >#%"3Y"(VXDQ(*B.o(L),,=B(Y"D"(=B(3(-B(:%'3&1$X(q("''#%:XY#(HB*o(3(HB+oOB(8#%"3Y3T"#$(%3&9(Q9"$ #%Y3VDX'RN3( >#%>&"$XN34$( >S:( T#%4( #VYR1"( '%&4#\"( #$'&34%'#%4( ">$'#>&#"( M#%D91V#W( 1"( 9'#%1 >"1R>%#$1"( 4RN$"#4#%:XC3( 3( 3Q\S4343( >9&'2%g3( $"$'RM"( >R&4"#\3( 9&4"V#QST"R$W( 1"$( 'RDSNRD# M%#:#"(V#%VR13(#VY'%&4#\"("1'XM3(>#%>&"$XN343B Z#%V"#13$(Y"D"(VXDQ%1g3(>V[$4"(%3&9(Q9"$(5/E($%1'9&"('X&9(R&SN9("1'XM3(>9QX:#NR(),,JB(Y"D"(N"MR&X >#%"3Y"('#1"#(>"&(..)(4NV&DB(%3&9(LD%:%4C&X(q(.+,(4VN&DB(%3&9r($1B(KB("''BOB(`"$("'$>9Y3g9(>&%'SN"$(9&#$%$ ),,=B( Y"D"( )B( >3$Y"DR( 9MS&9'"N"#( '%D%:%#W( 1"D( $"4S&R( V#%V9( %&%Q#D%'3( #%Y3VDXN343( %3&9( Q9"$ "1'XM9$( &%Q3V'R'R( 4S%T"( #%>V[D%$( 'X&"N9$( R&SN9$( "1'XM9$( C#N"( >9Q#'XM"$B( n"mr&x( "'C#V$'9T#( %3&9( Q9"$ "3D"$(VXDQ%1g3$('3&9TR($%1'9&"(>9&'2%g"(>R&4"#\R4(>"&(V"C3(R&Q%4N3("1'XM#%4(4S%T"(>V[$4"$(C#N" %Y"'XM"$B(pRD"$(9&#$%$(">$'#>&#"(M#%D91V#(>"&(%3&9(Q9"$(&%Q#D%'3("3Y9T9(MSV4#(#%YRDR'#%$("1'XM3$("& V#%VR13(&#$1"(>"1R>#W(N9(9&4"V#QSN"$('9(%>"&"$'#(#Q'%#1'R(#'%&%$%(>"&(V#1MXDR13("1'XM3(#%YRD#B(`94S&(TR &RDX'RN"( X$'%&4#\"( >R&4"#\3( 9QX4#( %D&X1$'( >R&$>XVS'W( X>"T#( \%49'( MS&R( >9'%:#RV9( M"V['"$( 13&$3 $MR&$'XY343W(1"$(M"&(#Q&"#$X'(Y"(R&M"V$'3(#%Y3VDXN343(>V[$4"$(%3&9(Q9"$("1'XM9$W(Y"(>&%'SN"$(>V[$4"$B!9>34R(5-("'C#V$'9T9(C#V":%$(>9$'%\3(9&#$%$(">$'#>&#"(%$%R$('%D%:%$B(G9(M#%"$(>3$%$W(5/E #VYR1"('%&4#\"(2#"T3($"#$'XC3(V#%V"#$(>#%"3Y34$("'C#V$'('3&>4R1"#(%3&9(Q9"$(&%Q#D%'3(>9&'2%g3($"$'RM" >R&4"#\3(9&4"V#QR:#N"#B(G9(9'&"$(>3$%$W($'&"3N"#$(>&#MR'"N"4($%1'9&"4(#Q$#%Y'9(1&%DX'3(1R>34"('%4>$W 19(V#%VR(4S&R(9'%#:"(Q%4R$(>&9:%'3(V#14%$W(N9>&9NR4(>9Q#'XM#(#%'%14S(>"T&%#QSN9(49%'R&9(D#"4#13B 6. attēls. M3 un MFI ilgāka termiņa finanšu saistības (izņemot kapitālu un rezerves) 7. attēls. M3 atbilstošie bilances posteņi L$%Q9RV#(#QVXDQ#R'"$(3("'C#V$'9T#(D"&C"D#%3($1"#'"4(19&#cS'"$(3Q Y"D3("''#%:#R'"$(+(4S%T3(>R&4"#\"$r(oO LY"D"(>V[$4"$r(4VN&DB(%3&9r($%Q9RV#(#QVXDQ#R'#(3("'C#V$'9T# D"&C"D#%3($1"#'"4(19&#cS'#(D"'#O 1 8 M3 ilgâka termiòa finanðu saistîbas (izòemot kapitâlu un rezerves) privâtajam sektoram izsniegtie kredîti (1) kredîti valdîbai (2) tîrie ârçjie aktîvi (3) ilgâka termiòa finanðu saistîbas (izòemot kapitâlu un rezerves (4) pârçjie atbilstoðie bilances posteòi (t.sk. kapitâls un rezerves) (5) M dm9'$?(pubb dm9'$?(pubb 8#%QX4%B(5-(>"&RDX'$('#1"#(1R("'$"3:%(L5-(x(.(<()(<(-(q(=(<(JOB EVYR1"('%&4#\"(2#"T3($"#$'XC"$(L#Q\%49'(1">#'RV3(3(&%Q%&M%$O >"&RDX'"$("&(4X3$"(QX4#W(N9('R$(#&(5/E($%1'9&"($"#$'XC"$B (&

20 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises VISPĀRĒJS EURO ZONAS LIKVIDITĀTES NOVĒRTĒJUMS d&m#%( $>S:XYR1$( 5-( >#%"3Y34$( ),,=B( Y"D"( >SDSNR( :%'3&1$X( #Q&"#$XN"( 'RVR13( V#1M#D#'R'%$ >R&>"V#134"( 3Q1&RT"9$( %3&9( Q9RW( 3Q( 19( 9&RD"( 94#RVR$( 3( &%RVR$( "3D"$( ">N94"( $'"&>XC"$ &RDX'RN3(>R&4"#\"$B F"$#%DQ9'(N"33(&%19&DVX4%#W(),,=B(Y"D"(>SDSNR(:%'3&1$X(>#%"3Y"(Y"(94#RVR$("3D"$(">N94" $'"&>XC"$(&RDX'RN$W(13&"(>"4"'R(#&(92#:#RVR$(5-(D"'3($S&#N"$W(Y"(&RDX'RN$W(13&"(>"4"'R(#&("&(>9&'2%g3 $"$'RM"(>R&4"#\R4(19&#cS'"$(5-(D"'3($S&#N"$B(`94S&("C"$($'"&>XC"$($"YV"CRNR$(g9'#("'Tf#&XY"$W(3 "3D"$( ">N94"( $'"&>XC"$( &RDX'RN$W( 1"$( #%Y['$W( #Q4"'9N9'( 19&#cS'"$( 5-( D"'3( $S&#N"$W( 9&RDXN"( 3Q #%MS&9N"4#(4"QR13(V#1M#D#'R'%$(>R&>"V#1343(L$1B(HB("''BOB e%rvr$("3d"$(">n94"($'"&>xc"$(&rdx'rn#(\%4(ms&r(2"1'3w(1"(d"g3(3q1&r'r(v#1m#d#'r'%$(>r&>"v#134" "C$9&CSN3T"$( "3Y$'R1"$( :%"$W( "'$>9Y3g9N9'( "3YT3>MS&$'"$( #2VR:#N"$( &RDX'RN3( 9M#&Q%$( 9( PUb #QM#&QX'R(:%3($'"C#V#'R'%$(4S&f"B(e%RVR$("3D"$(">N94"($'"&>XC"$(&RDX'RN$W(1"$(#%Y['$W(#Q4"'9N9' 92#:#RVR$(5-(D"'3($S&#N"$W(19>34R($"YV"CRN#%$(%4"#XY$(9(),,-B(Y"D"(M#D3$(VXDQ(),,=B(Y"D"(M#D34W "'$R1"("3YT3>%N"$('%D%:#W('3&1VR'($"$#%DQ9'(N"33(&%19&DVX4%#B(e%RVR$("3D"$(">N94"($'"&>XC"$ &RDX'RN$W( 1"$( #%Y['$W( #Q4"'9N9'( "&( >"YR'S( 9'#13T9( >9&'2%g3( $"$'RM"( >R&4"#\3( #%'%14%$( ">VS$# 19&#cS'9$(5-(D"'3$W(#&(D"3DQ(Q%4R1$(%1R(&RDX'RN$W(1"$(#%Y['$W(#Q4"'9N9'(92#:#RVR$(5-(D"'3($S&#N"$ L$1B(*B("''BOW(3('R(%$%R(D#"4#1"(C#N3$#($"4S&R("'Tf#&XY"B(EQ4"'9N9'(19&#cS'9(&RDX'RN3W(V#1M#D#'R'%$ 8. attēls. Nominālās naudas apjoma starpības aplēses 1) 9. attēls. Reālās naudas apjoma starpības aplēses 1) L9(5-r($%Q9RV#(#QVXDQ#R'#(3("'C#V$'9T#(D"&C"D#%3($1"#'"4(19&#cS'# D"'#r(or(.**HB(Y"D"(D%:%4C&#$(x(,O L9(&%RVR(5-r($%Q9RV#(#QVXDQ#R'#(3("'C#V$'9T#(D"&C"D#%3($1"#'"4 19&#cS'#(D"'#r(or(.**HB(Y"D"(D%:%4C&#$(x(,O nominâlâ naudas apjoma starpîba, pamatojoties uz oficiâlajiem M3 datiem nominâlâ naudas apjoma starpîba, pamatojoties uz M3 datiem, kas koriìçti atbilstoði portfeïu sastâva pârmaiòu ietekmes aplçsçm 2) ( reâlâ naudas apjoma starpîba, pamatojoties uz oficiâlajiem M3 datiem reâlâ naudas apjoma starpîba, pamatojoties uz M3 datiem, kas koriìçti atbilstoði portfeïu sastâva pârmaiòu ietekmes aplçsçm 2) dm9'$?(pubb.o G94#RVR$("3D"$(">N94"($'"&>XC"$(&RDX'RN$(#&($'"&>XC"($'"&> 2"1'#$19( 5-( ">N943( 3( 5-( ">N943W( 1RD$( M%#D9'9$W( N"( 5- >"$'RMXY#( >#%"3Y'3( $"$1"\R( "&( 'R( "'$"3:%$( MS&'XC3( =BJo( 19>T.**HB(Y"D"( D%:%4C&"( L1"$( \%4'$( >"&( CRQ%$( >%&#9D3OB )O d>vs$%$(>"&('9w(:#1(v#%v"(#&(>9&'2%g3($"$'rm"(>r&4"#\3(#%'%14% 3Q( 5-W( M%#1'"$W( #Q4"'9N9'( ),,=B( Y"D"( 91'9C&"( w5s%t" b#g%'%"w( &"1$'"( Q74),&+]$ &4&']5*5$ *4$ +)&'$,*=)( =B( $"D"gR ">&"1$'X'9(>#%%N3B dm9'$?(pubb.o e%rvr$( "3D"$( ">N94"( $'"&>XC"$( &RDX'RN$( #&( $'"&>XC"( $'"&> 2"1'#$19(5-(">N943W(13&T(D%2VS'$("&(F8UEW(3(5-(D%2VS'9(">N943W 13&T(&"$'9$(>#%(19$'"'"(94#RVR(5-(>#%"3Y34"($"$1"\R("&('R "'$"3:%$( MS&'XC3( =BJo( 3( F8UE( #2VR:#N3( "'C#V$'9T#( PUb( :%3 $'"C#V#'R'%$( D%2#X:#N"#W( 9$"19'(.**HB( D%:%4C&#( >"&( CRQ%$ >%&#9D3B )O d>vs$%$(>"&('9w(:#1(v#%v"(#&(>9&'2%g3($"$'rm"(>r&4"#\3(#%'%14% 3Q( 5-W( M%#1'"$W( #Q4"'9N9'( ),,=B( Y"D"( 91'9C&"( w5s%t" b#g%'%"w( &"1$'"( Q74),&+]$ &4&']5*5$ *4$ +)&'$,*=)( =B( $"D"gR ">&"1$'X'9(>#%%N3B ('

21 >R&>"V#134"(&RDX'RN#(19>T(),,-B(Y"D"(#%MS&9N"4#(>"V#%V#RN3T#%$W(3(TX('%D%:%('3&>#RNR$("&X(),,=B Y"D"(=B(:%'3&1$XB _"#(Y"(T#%(#&('#1"#(">VST3(&RDX'RN#(3('R>S:(>&%'('#%4(NR#Q'3&"$("&(>#%$"&DQXC3W('#%('94S&(9&RD"(3Q >V"T3(3("3Y9T3(V#1M#D#'R'%$(>R&>"V#1343(%3&9(Q9RB(pR(V#1M#D#'R'%$(>R&>"V#134"($'"C#V#QST"R$(M"# >"'(4"Q#RT"R$(C[$(C['#$1#("'1"&XY"(9('RVR1"$(%3&9(Q9"$("3D"$(VXDQ%1g3$('3&9TR($%1'9&"(>9&'2%g3 $"$'RM"(>R&4"#\3(9&4"V#QST"R$B(Z#DSN"('%&4#\"(>%&$>%1'XMR(V#1M#D#'R'%$(>R&>"V#134$(">D&"3D(:%3 $'"C#V#'R'#W(X>"T#W(N"(V#1MXD#%('3&SN34#('#1'3(>R&MS&$'#(D"&XN343("'V#1349$(V"#1RW(1"D(192#D%:%(3 %1994#$1R("1'#M#'R'%(3QV"C9N"$B(`3&1VR'("3Y$'$(V#1M#D#'R'%$(>R&>"V#134$(19>R("&($>S:XY3(1&%DX'3 ">N94"( >#%"3Y343( M"&S'3( #Q&"#$X'( "1'XM3( :%3( $>SN3( 1R>343B(.B( #%V#134RW( #Q4"'9N9'( M#%1R&T3$ ">$'%#DQ9TR( &RDX'RN"( 49D%g3$W( ">V[19'#( "&( 49%'R&9( &RDX'RN3( >R&4"#\R4( $"#$'X'#%( :%3( $'"C#V#'R'%$ &#$1#B 1. ielikums UZ MONETĀRAJIEM RĀDĪTĀJIEM BALSTĪTAS INFLĀCIJAS PROGNOZES 59%'R&R$( 9&#$%$( ),,=B( Y"DR( 9&RD"( 3Q %>#%:#%T"4XC3( $"YV"CR'( >#%$"&DQXC3( "''#%:XCR 3Q( :%3( $'"C#V#'R'%$( &#$13( M#DSNR( '%&4#\RB 8#%4S&"4W(5-(1R>34$(19>T(),,=B(Y"D"(M#D3$ 1g3M#$( $>S:XYR1$W( >"$R134#( V#1M#D#'R'%$ >R&>"V#134"($#'3R:#NR(LM"#(3("&(19&#cS'R4W(M"# %19&#cS'R4(>9&'2%g3($"$'RM"(>R&4"#\3(#%'%14%$ ">VS$S4O(>SDSN9$(:%'3&1T\9$('3&>#RN3T#(>#%"3Y' 3( #%MS&9N"4"#$( 5.( D%M34$( 5-( V#%V"NR >#%"3Y34R( 3( >"V#%V#RN3$#%$( 5/E( "#QD%M343 >&#MR'"N"4( $%1'9&"4( 3( 5-( 1R>34"( $"1&#'XC" 9&RD"(3Q(>9'%:#RV#(V#%V3(Q%49(>&9:%'3(V#14N3 #%'%14#(3Q(49%'R&"NR4(9&#$S4B!M"V#'"'XM9( 9MS&'SN343( '"4W( 1"( TX$( 9&#$%$ #%'M%&( :%3( $'"C#V#'R'%$( &#$13$( 9( 49%'R&R M#%D91g"W( M"&( ">$'#>&#R'( M#%1R&T3( #2VR:#N"$ ">$'%#DQ9T9( &RDX'RN3( 49D%g3( 1M"'#'"'XM#% &%Q3V'R'#W( 13&9$( #Q4"'9( #29&4R:#N3( >"& M"#&R1#%4( 49%'R&"N#%4( &RDX'RN#%4B( p#% ">$'%#DQ9T9( &RDX'RN3( 49D%g#( >&9Y9QS( M#DSN9 #2VR:#N3( 9'%#1'R( >%&#9DRW( #Q4"'9N9' #%>&#%1TSN9$(#2VR:#N"$(3(1RD"(49%'R&R(&RDX'RN" D"'3$B(s&>3$(9MS&9N343($#43VR:#NRW(1"$(M%#1'" "&(TX$(4%'9D%$(>"VXDQXC3W(>"&RDX'$W(1"(49%'R&#% Uz gadu attiecinātās sešu ceturkšņu SPCI inflācijas prognozes koridors saskaņā ar galveno rādītāju bivariālajiem modeļiem L3Q(Y"D3("''#%:#R'"#$(>&9:%'3(>#%"3Y34"('%4>$r($%>'#\3(>SDSN9 :%'3&1T\3(&%RVR(V"#1"(&%Q3V'R'#O 3( 1&%DX'3( &RDX'RN#( M"&( $#%Y'( 9D%&XY3( #29&4R:#N3( >"&( %3&9( Q9"$( M#DSN"( '%&4#\"( #2VR:#N"$ >&9Y9QS4B. ( `3&1VR'( #VYR1R( V"#1"( >%&#9DR( 49%'R&9( &RDX'RN3( #29&4"'XM"#$( $"'3&$( "''#%:XCR( 3Q '3&>4R19(#2VR:#N3(#&(V"CR1$(%1R(:#'3(%49%'R&9(&RDX'RN3($"'3&$B II 23 IV 24 minimums maksimums mediâna III 23 I 25 IV 23 II 25 I 24 III 25 II 24 IV 25 III 24 I 26 IV 24 II 26 dm9'$?(pub(">vs$%$b 8#%QX4%B(d''SVR(>"&RDX'$(3Q(Y"D3("''#%:#R'R$(#2VR:#N"$(>&9Y9Q%$ 19&#D9&$( $"$1"\R( "&( #2VR:#N"$( $%>'#\#%4( Y"VM%9( &RDX'RN3 C#M"&#RV"N#%4(#2VR:#N"$(49D%g#%4B(Z#$"$(>&9Y9Q%$(C"V$'X'"$(3Q('9 $"Y"'"M9T""$( V"#1R( >#%%N"49( #29&4R:#N3B( 8#%4S&"4W( >&9Y9QS >"&( V"#1"( >%&#9D3( 9( ),,=B( Y"D"( =B( :%'3&1T\"( VXDQ( ),,+B( Y"D" )B(:%'3&1$#4( #%'M%&'"( #29&4R:#N"( >"&( "3D3( 3( #2VR:#N3( VXDQ ),,=B(Y"D"(=B(:%'3&1$#4(L#%$1"#'9'OB(E2VR:#N"$(>&9Y9a3($%>'#\3 49D%g3( 4%'9D9V9c#N3( $1B( "'$"3:S( TR( #%V#134"(.B( Q%4$MX'&"$ >#%QX4SB F1B(^9$M*>7'),,*_A',*=&+*C$`X7)5$=74)]$')&($*4L'&,*74$*4$,T)$)8+7$&+)&a`C$!"#$b7+;*4/$H&)+$M7$c[C$Q&]$EFFd9 *)

22 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises d''svr($#%y'"$(3q(y"d3("''#%:#r'"$($%t3(:%'3&1t\3(f8u(#2vr:#n"$(>&9y9q%$w(1"$(#q$'&rdr'"$w(#q4"'9n9' 4#S'9( 4%'9D9V9c#N3W( C"V$'9'#%$( 3Q( #%>&#%1TSN#%4( #2VR:#N"$( &RDX'RN#%4( 3( $%>'#\#%4( 49%'R&"N#%4 &RDX'RN#%4B )( d''svr(>"&rdx'$("''#%:xy9(#2vr:#n"$(>&9y9a3(19&#d9&$(l"&(>&9y9a3(4##4rv9(3(4"1$#4rv9 &9C%a3W( 1"$( #%Y['"$W( #Q4"'9N9'( D"aRD3( &RDX'RN3( 49D%g3$O( 3( >&9Y9a3( M#DSN"#$( &RDX'RN$( 1"'&"4( 9 >SDSN#%4($%>'#\#%4(:%'3&1T\#%4B(p"NR(&%RVR(V"#1"(MS&'SN34R(#Q4"'9'"('#1"#(>&9Y9Q%$(#Q$'&RDRT""$(V"#1R >#%%N"4R(#29&4R:#N"W(3('RDSNRD#(D"aRDR(V"#1R(M%#D9'3(>&9Y9a3($"VXDQ#RN34$("''SVR(M#%1R&TR(M%#DR #V3$'&S('9W(1R(:%3($'"C#V#'R'%$(&#$13(9MS&'SN34$W(1"$(C"V$'X'$(3Q(49%'R&"N#%4(&RDX'RN#%4W("''X$'XN#%$(V"#1" Y"#'RB d''#%:xcr(3q(t9(#v3$'&"'xm9(3qd%m343(m"&(m%#1'(d#m3$(9ms&9n343$b(8#&41r&'w(#2vr:#n"$(>&9y9a3(m#dsn"#$ 3( 4##4RV"#$( &RDX'RN$( M#$3( ),,=B( Y"D3( $"YV"CRNR$( M#&$( )ob( l'&1r&'w( >&9Y9a3( 19&#D9&"( D#">"Q9$ ),,=B(Y"DR( C#N"( #%MS&9N"4#( T"3&R1$( %1R( ),,-B( Y"DRB( pr( 19&#D9&"( $"T"3&#RT"R$( "'$>9Y3g9( "3D"$ >#%"3Y34"W( 1&%D#'ST""$( 1R>34"( 3( %$%R( 5-( 3( "&( >9&'2%g3( $"$'RM"( >R&4"#\3( #%'%14%$( ">VS$S4 19&#cS'R(5-(>#%"3Y34"($"1&#'XC"$('%D%u3(19M%&c%:#(L$1B(=B("''B(>"4"''%1$'ROB 8S:(TR(3QD%M34"(M"&($%:#R'W(1"(>"$'RM("3YT3>MS&$'#(:%3($'"C#V#'R'%$(&#$1#W(1"$($"#$'X'#("&(49%'R&"NR4 9&#$S4B( `3&1VR'( >"V#%V#RN3$#%$( 3Q'#:ST"R$( T"#( 9&#T3( #'%&>&%'R:#N"#W( N9( "&( D"aRD#%4( 49%'R&"N#%4 &RDX'RN#%4($"#$'X'9($#YRV3(#Q1V#%D%(#&($"4"Q#RN3$#%$B(`94S&W(#'%&>&%'SN9'(3QD%M34"(&%Q3V'R'3$W(NR>"'3& >&R'R(TRD3(>&9Y9a3(V#%VR(%9'%#1'XC"(3(#Q4"'9'9(>"\S4#%3(M#%1R&TXC"B ) EQ4"'9'#(TRD#(49%'R&#%(&RDX'RN#?(5.(>#%"3Y34$W(5)(>#%"3Y34$W(5-(>#%"3Y34$W("&(>9&'2%g3($"$'RM"(>R&4"#\3(#%'%14%$(">VS$S4 19&#cS'"#$(5-(>#%"3Y34$W(5/E("#QD%M343(>&#MR'"N"4($%1'9&"4(>#%"3Y34$W(H_5,&+(V#1M#D#'R'%$(>R&>"V#134"(&RDX'RN$W(1"$(C"V$'X'$(3Q(5-W 3( H_5,&+( V#1M#D#'R'%$( >R&>"V#134"( &RDX'RN$W( 1"$( C"V$'X'$( 3Q( "&( >9&'2%g3( $"$'RM"( >R&4"#\3( #%'%14%$( ">VS$S4( 19&#cS'9( 5-B( FX1R13 #29&4R:#N3(>"&(H_5,&+(&RDX'RN#%4(3(H_5,&+(49D%g"($'&31'[&3($1B(TR(#%V#134"(.B(Q%4$MX'&"$(>#%QX4SB 2.2. NEFINANŠU SEKTORA FINANŠU IEGULDĪJUMI UN INSTITUCIONĀLIE IEGULDĪTĀJI EFFZ9$/&(&$[9$>),8+;54.$N?(?<*)$*))<&=*)$(&,*$&+$L*4&418$*)/8'(.<8=*)=R$)8+7$@74&5$*)/8'(.,2<* 5&=&@*42<&$ 6?+,5&.+8$ N.&1*$ ;7,?,7$ &;>*<8R$ *)/2(*$ 84$ &'*)'*42<&$ 4&8(&5$ '.(@);38$,8+?<8=859 EFFZ9$/&(&$ *+=&<75$,+*<75$ >),8+;1J75$ 6*5*)>*)4.,2;&*5$ 4)L*4&418$ 5);,7+&$ *)/8'(.<8=8$ 6)*(5$ -*<& &(+71*421&4&5$+7(8;,*9 NEFINANŠU SEKTORA FINANŠU IEGULDĪJUMI n"3r1#%( >#%%N"4#%( D"'#( >"&( %2#"T3( $%1'9&"( 2#"T3( #%Y3VDXN34#%4( "''#%:"$( 3Q( ),,=B( Y"D" -B(:%'3&1$#B( `#%( 19>34R( V#%:#"( >"&( 2#"T3( #%Y3VDXN343( Y"D"( >#%"3Y34"( '%4>"( $'"C#V#'R'# L-B(:%'3&1$X(q(=BJor()B(:%'3&1$X(q(=q+or($1B()B('"C3V3OB(Z#$>R&SNR(2#"T3(#%Y3VDXN343(1R>34" '%4>"( $'"C#V#'R'%( $VS>"( Q#R43( VXDQ%1g3( 9M#&QXT"3( 9( #VY'%&4#\"( #%Y3VDXN34#%4( 3Q( X$'%&4#\" #%Y3VDXN34#%4(L$1B(.,B("''BOB(pX$(>R&4"#\"$("'$>9Y3g9N"(19>T(),,-B(Y"D"(M"$"&"$(MS&9'9('%D%:#W(1"D #%Y3VDX'RN#(>#%$"&DQXY#(>"V#%V#RN"(#VY'%&4#\"(2#"T3("1'XM9$(M%#1'9(#%Y3VDXN343(1R>34"('%4>3B(`"$ "'C#V$'( "&X( %V#%V"N"4( 5-( Y"D"( >#%"3Y34"( 1R>34"4( ),,=B( Y"D"( -B( :%'3&1$XB( 8&%'SN#( Q%4R1"4 #VY'%&4#\"(MS&'$>">X&3(#%Y3VDXN343(Y"D"(>#%"3Y34"('%4>"4(4RN$"#4#%:XC"$('3&>#RN"(M%#1'(>V"T3$ #%Y3VDXN343$( ">D&9T#RT""$( >&9D31'9$B( p#%( >&9D31'#( ),,=B( Y"DR( MSV( "&M#%( C#N"( M#$#%:#%X'R1"#$ #VY'%&4#\"(2#"T3(#%Y3VDXN343(M%#D$B *(

23 2. tabula. Euro zonas valstu nefinanšu sektora finanšu ieguldījumi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d>d&9t#rt""$('%;#$1r$(&%q%&m%$ )J KB, +B) +B) +B- +B= +B+ +B- JB* JBH B 5- ()O KB) +B* HB) HBJ KB+ KB. JB- (JB- +B, +B= G%2#"T3($%1'9&"(MS&'$>">X&3 '3&SN343(Y"D"(>%g\"(3(Q"3DSN34# L9(E!8r(oO I*B= I.=B. I.KB. I+BJ.BK =B. KB* -BH -B+ B dm9'$?(pubb 8#%QX4%B(F1B("&X(-B.B('"C3V3(w5S%T"(b#g%'%"w($"D"gR(wP3&9(Q9"$($'"'#$'#1"wB.O(F'RM91V#$(),,=B(Y"D"(-B(:%'3&1T\"(C%#YR$B(F1"#'g3(9">"g9T""$(&%Q3V'R'R($344"(M"&("'Tf#&'#%$(9(19>$344"$B )O(U%'3&1T\"(C%#Y3(D"'#B(59%'R&"#$(&RDX'RN$(5-(#%'M%&(%3&9(Q9"$(%I5/E(L'B#BW(%2#"T3($%1'9&"(3(%49%'R&9(2#"T3(#%$'Ra3O('3&S'9$ 49%'R&9$(#$'&34%'3$(%3&9(Q9"$(5/E(3(:%'&RV"NR(M"VDXCRB d>v[19n9'( D"'3$( $X1R1R( D"VXN34RW( %V#%V$( #VY'%&4#\"( MS&'$>">X&3( Y"D"( >#%"3Y34"( '%4>" $"4"Q#RN34$( $1R&"( M#$"$( 1"'%Y9&#N"$( q( 19'S'R$( "1:#N"$W( >"&RD"( MS&'$>">X&3$( 3( 19>#%Y3VDXN343 29D3("1:#N"$(L#Q\%49'("3D"$('#&Y3$(29D3("1:#N"$OB(`"$W(#%$>SN"4$W(D"gSN#($"#$'X'$("&(%V#%V3(1">#'RV" 1. attēls. Nefinanšu sektora īstermiņa un ilgtermiņa finanšu ieguldījumi L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO MS&'$>">X&3(:%3(1&#'343(-B(:%'3&1$XW(C%'(M"&C[' "&X("&(),,=B(Y"D"($"4S&R("3Y$'9(%3&9(13&$3W(1R &%Q3V'R'R( "&M#%( M"#&R1( $"4"Q#RNR$( %3&9( Q9"$ #%Y3VDX'RN3(R&M"V$'3(MS&'$>">X&3('X&R(#%YRD%B îstermiòa finanðu ieguldîjumi 1) apdroðinâðanas tehniskâs rezerves ilgtermiòa vçrtspapîri 2) dm9'$?(pubb.o(j$'%&4#\"(9y3vdxn34#w("3d"(3("3d"$('#&y3$(29d3("1:#n"$w >"&RD"(MS&'$>">X&#("&('%&4#\3(VXDQ(.(Y"D"4B )O(!9>#%Y3VDXN343(29D3("1:#N3(L#Q\%49'("3D"$('#&Y3$(29D3 "1:#N"$OW( >"&RD"( MS&'$>">X&3( "&( '%&4#\3( #VYR13( >"&(.( Y"D3( 3 19'S'9( "1:#N3( 'X&9( >#&1343( $344"B( EVY'%&4#\"( 2#"T3 #%Y3VDXN34#( #%'M%&( #VY'%&4#\"( MS&'$>">X&3$( 3( ">D&9T#RT""$ '%;#$19$(&%$3&$3$B INSTITUCIONĀLIE IEGULDĪTĀJI P/d5d )( $#%Y'#%(D"'#((V#%:#"W(1"(19>#%Y3VDXN343 29D3( "1:#N3( Y"D"( >#%"3Y34"( 1&#'34$ ),,=B(Y"D"( -B( :%'3&1$X( Y"VM%91R&'( 9'#:#$ 1">#'RV"(MS&'$>">X&3(29D3(4"QR1"(>#%>&"$XN34" DSgW(1"$('94S&(MSV("&M#%(>#%$"#$'XN"(M#$V#%VR19$ #%Y3VDX'RN3( #%'"3>XN343$( L$1B(..B("''BOB -B(:%'3&1$X( $"4"Q#RNR$( "&X( 9CV#YR:#N3( 29D3 Y"D"( 'X&R( #%YRD%W( '3&>#9'( 19>T( ),,-B( Y"D" =B(:%'3&1T\"( MS&9'9( V%N3>$VXD%$( '%D%:#( 3 "'$>9Y3g9N9'( MS$'3&#$1#( Q%4R$( %3&9( Q9"$ ) P#&9>"$(/9D3(3("1'XM3(M"DXC"$("$9:#R:#N"(L!8+7)&4$O84( &4($ A55),$ Q&4&/)=)4,$ A557>*&,*74$ q$ P/d5dO( $#%DQ #29&4R:#N3(>"&('X&"N#%4(>R&D9T""$(#%R134#%4(LN%C('X&"NR4 #%>V[DS4O( >3CV#$1R( >#%DRMRN34"( C%Q'%&4#\"( 1">#'RV" MS&'$>">X&3(3(9CV#YR:#N3(29D9$B(E29&4R:#N"('#%1($#%Y'"(>"& /&":#N3W( ZR:#N3W( 6&#%f#N3W( F>R#N3W( E'RV#N3W( _31$%4C3&Y3W 89&'3YRV#(3(F94#N3B(FX1R13(#29&4R:#N3($1B(),,=B(Y"D"(N[#N" w5s%t"(b#g%'%rwb **

24 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 11. attēls. Tīrās gada ieplūdes ieguldījumu fondos kategoriju dalījumā 12. attēls. Apdrošināšanas sabiedrību un pensiju fondu finanšu ieguldījumi L4VN&DB(%3&9O LY"D"(>#%"3Y34"('%4>$r(X>"'$M"&$(>&9:%'3(>31'9$O 12 naudas tirgus fondi kapitâla vçrtspapîru fondi obligâciju fondi 12 1 kopieguldîjumu fondu akcijas kotçtâs akcijas neakciju vçrtspapîri citi 1) kopâ dm9'#?(pub(3(p/d5db dm9'$?(pubb.o(d#qd%m34#w(9y3vdxn34#(3(">d&9t#rt""$('%;#$1r$(&%q%&m%$b #VY'%&4#\"( 9CV#YR:#N3( #%%$XY34"( V#14%$B( 5"Q#RNR$( #%Y3VDXN343( 29D3( "1'XM3( 19>">N94"( Y"D" >#%"3Y34"('%4>$W("'$>9Y3g9N9'(4"QR1"$(Y"D"(%'9(#%>V[D%$(3(>R&MS&'ST""$(#%'%14#B d'c#v$'9t#( M#$>R&SNR4( '#&Y3$( '%D%:S4( $"4"Q#RNR$( ">D&9T#RT""$( $"C#%D&XC3( 3( >%$#N3( 29D3 M%#1'R$(19'S'9("1:#N3(3(19>#%Y3VDXN343(29D3("1:#N3(#%YRD%$(L$1B(.)B("''BOB(`3&>&%'X('R$('3&>#RN" >"V#%V#R'( %"1:#N3( MS&'$>">X&3( %'9( #%YRD#B( p9( ">D&9T#RT""$( $"C#%D&XC3( #%YRDR'R$( 9CV#YR:#N"$ M%#D9N"( ">'3M%#( +,o( 9( 19>T( ),,-B( Y"D"( $R134"( 3Q1&R'"N#%4( 2#"T3( #%Y3VDXN34#%4( L.**HBq ),,)B(Y"DR(q(=,oOB(!9>T(">D&9T#RT""$($"C#%D&XC"$(3(>%$#N3(29D#($"#$'XCR("&($"M#%4('3&SN34#%4 ),,.B(3(),,)B(Y"DR(:#%'"(Q"3DSN343$W('9("''#%1$4%(>&%'(#%Y3VDXN34#%4(1">#'RV"(MS&'$>">X&9$W(Tf#%'W 1g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`RDSNRD#("&X("3D"$('#&Y3$(#%%$XY34"(VX1% D%:%4C&X(>"1R>%#$1#(1g3M"($'RMR1"W(C%'(N"MR&X(3(2%C&3R&X(C['#$1#(%4"#XNR$B(),,JB(Y"D"()B(4"&'R *!

25 13. attēls. Naudas tirgus īstermiņa procentu likmes LY"DRW(or(>&9:%'3(>31'9$r(D#%"$(D"'#O 14. attēls. Euro zonas 3 mēnešu procentu likmes un biržā tirgoto nākotnes līgumu procentu likmes LY"DRr(or(D#%"$(D"'#O 1 mçneða EURIBOR (kreisâ ass) 3 mçneðu EURIBOR (kreisâ ass) 12 mçneðu EURIBOR (kreisâ ass) starpîba starp 12 mçneðu un 1 mçneða EURIBOR (labâ ass) 3 mçneðu EURIBOR birþâ tirgoto nâkotnes lîgumu procentu likmes 25. gada 2. martâ birþâ tirgoto nâkotnes lîgumu procentu likmes 24. gada 3. novembrî Janv. Febr.Marts Apr. Maijs Jûn. Jûl. Aug. Sept. Okt. Nov. Dec. Janv. Febr I II III IV I II III IV dm9'$?(e)8,)+5b dm9'$?(e)8,)+5b 8#%QX4%B( b#&ar( '#&Y9'"N#%4( -( 4S%T3( R19'%$( VXY34#%4( "& '%&4#\3( 1R&'SNR( :%'3&1T\"( 3( R1"49( '&#N3( :%'3&1T\3( C%#YR$ $"$1"\R("&(Y*LL)(19'R:#N3B.)(4S%T3(3(.(4S%T"(P]eEble(>&9:%'3(V#14N3($'"&>XC"(C#N"()=(CRQ%$(>31'#(q(>"&(.-(CRQ%$ >31'#%4("3Y$'R1"(%1R(D%:%4C&"($R134R(L$1B(.-B("''BOB G9(),,=B(Y"D"(D%:%4C&"(VXDQ(),,JB(Y"D"(4"&'"4('#&Y3$(D"VXC#%1#(%D"3DQ(4"#XN"(Y"#D"$("''#%:XCR 3Q( X$'%&4#\"( >&9:%'3( V#14N3( '3&>4R19( M#&QXC3( V#%VR1"NR( D"gR( ),,JB( Y"D"( >&9:%'3( V#14N3 $"4"Q#RN34"(M#&Q#%R(L$1B(.=B("''BOB(E4>V#:S'R$(-(4S%T3(P]eEble(C#&aR('#&Y9'9(R19'%$(VXY343W 13&3('%&4#\T(#&(),,JB(Y"D"(N[#N$W($%>'%4C&#$(3(D%:%4C&#$W(>&9:%'3(V#14%$(>%&#9DR(9(),,=B(Y"D" D%:%4C&"($R134"(VXDQ(),,JB(Y"D"()B(4"&'"4($"4"Q#RNR$("''#%:XY#(>"&(+W(J(3(J(CRQ%$(>31'#%4 L"''#%:XY#(VXDQ()B)=oW()B-Ho(3()BJ+oOB E4>V#:S'"#$($MR&$'XY34$W(1"$(#%Y['$(9(-(4S%T3(P]eEble(C#&aR('#&Y9'9(R19'%$(VXY343(#%$>SN3 >&9:%'3(V#14S4W(>SDSN9('&#N3(4S%T3(V"#1R($"4"Q#RNR$B(),,JB(Y"D"(4"&'"($R134R('"$($"$#%DQ" MS$'3&#$1#(Q%43(VX4%#(L$1B(.JB("''BOB(`"$(V#%:#"W(1"(>"TV"#1('#&Y3$(D"VXC#%13(%D&9TXC"("''#%:XCR(3Q X$'%&4#\"(>&9:%'3(V#14N3("''X$'XC3('3&>4R1"N9$(4S%T9$(#&($"4S&R(%V#%V"B(pR(C#g%'%"()B(#%V#134R >"&RDX'#( VXDQXY#( &%Q3V'R'#W( 13&3( >"4"'R( #&( "V'%&"'XM$( D"&XN343( 3Q( "1'#( V#14N3( $MR&$'XY34"( L'B#BW &%"V#QS'R($MR&$'XY34"O(&RDX'RN$W(3('"NR(""V#QS'"(TR(&RDX'RN"("''X$'XC"(M#DSN"('%&4#\"(>%&$>%1'XMRB G9(),,=B(Y"D"(.B(D%:%4C&"(VXDQ(),,JB(Y"D"()B(4"&'"4(>&9:%'3(V#14N3(9$":XN34#("3D"$('#&Y[ V#%VR19'#%$( C#N"( $"4S&R( $'"C#V#B( EQ\S434$( C#N"( >"&"$'R( Y"D"( C%#Y3( #%'%14%W( V"#( Y"( ),,=B( Y"DR $"VXDQ#RN34R( "&( #%>&#%1TSN#%4( Y"D#%4( 'R( C#N"( $"4S&R( >#%'#:XY"B( e9c%av#14%$( 3( M#DSNR$( $MS&'R$ V#14%$(P3&9$#$'S4"$(Y"VM%"NR$(&%2#"$ST""$(9>%&R:#NR$(),,=B(Y"D"(D%:%4C&X(>#%"3Y"W($"$#%DQ9' *"

26 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 15. attēls. Implicētais svārstīgums, kas iegūts no 3 mēnešu EURIBOR biržā tirgoto nākotnes līgumu iespējām ar termiņu 25. gada septembris LY"DRW(or(CRQ%$(>31'9$r(D#%"$(D"'#O gadâ; % (kreisâ ass) bâzes punkti (labâ ass) attēls. procentu likmes un procentu likmes darījumiem uz nakti LY"DRr(or(D#%"$(D"'#O 3.5 galveno refinansçðanas operâciju minimâlâ pieteikuma likme procentu likme aizdevumu iespçjai uz nakti noguldîjumu procentu likme procentu likme darîjumiem uz nakti (EONIA) galveno refinansçðanas operâciju robeþlikme Apr. Maijs Jûn. Jûl. Aug. Sept. Okt. Nov. Dec. Janv. Febr dm9'#?(#'77=-)+/$3(pub(">&sf##b 8#%QX4%B( brq%$( >31'3( &RDX'RN$( '#%1( #%Y['$( 1R( #4>V#:S'R $MR&$'XY34"( L>&9:%'9$O( &%#Q#RN34$( "&( "''#%:XY9( >&9:%'3 V#14#(L$1B("&X(#%V#1343(Q)&58+)5$7L$*='*)($67'&,*'*,]$()+*6)( L+7=$7,*745$74$5T7+,_,)+=$*4,)+)5,$+&,)$L8,8+)5(),,)B(Y"D" 4"#N"(w5S%T"(b#g%'%RwOB.5 I II III IV I dm9'#?(pub(3$e)8,)+5b.5 &%19&DVX4%#(),,=B(Y"D"(>SDSNR(&%2#"$ST""$(9>%&R:#NR(L"''#%:XY#(q()B,*o(3()B.KoOB(n"MR&X(3 2%C&3R&X(#Q$9g3(V#14%$("&M#%(M"#&R1(1&#'R$W($"$#%DQ9'(Y"D&XQ('RD3(>"T3(VX4%#(1R(9M%4C&"(C%#YR$B EQ\%49'(Y"D"(9Y"V#(3('R(&%Q%&MN3(>&"$XC3(#Q>#VD%$(>%&#9D"W(1"$(C%#DQR$(.*B(N"MR&XW(>SDSNR$(D#%"$W PlGEd( 19>34R( C#N"( $'"C#V$( L$1B( -B( #%V#1343OB( `&#N3( P3&9$#$'S4"$( #VYR1"( '%&4#\"( &%2#"$ST""$ 9>%&R:#N3W( >"&( 13&R4( M%#1'#( 9&Sf##( )-B( D%:%4C&XW( )KB( N"MR&X( 3( )=B( 2%C&3R&XW( #Q$9V%$( >&9:%'3 V#14%$( C#N"( "''#%:XY#( >"&( JW(.( 3( +( CRQ%$( >31'#%4( Q%4R1"$( %1R( -( 4S%T3( P]eEble( V#14%$ "''#%:XY"N9$(D"'349$B 2. ielikums DARĪJUMU UZ NAKTI PROCENTU LIKMJU SVĀRSTĪGUMS VIDĒJA TERMIŅA PERSPEKTĪVĀ Z#%$(9(Y"VM%"N#%4(#%4%$V#%4W(1R>S:(),,=B(Y"D"(4"&'R('#1"(#%M#%$'"$(>R&4"#\"$(P3&9$#$'S4"$ 49%'R&R$(>9V#'#1"$(X$'%9T""$(D"&CXC"$($'&31'[&RW(C#N"('RD3($#'3R:#N3(9MS&T""W(1"D(1"'&"$(%DSg"$ Y"VM%"NR$( &%2#"$ST""$( 9>%&R:#NR$( "M( >#%'#%1"4"( #Q$9g3( >#%'%#1343( ">N94"B( G%>#%'#%1"4XC" &"DXN"(%$"C"V"$S'"$(V#1M#D#'R'%$($#'3R:#N"$(3(#Q&"#$XN"(V#%VR13(D"&XN343(3Q("1'#(>&9:%'3(V#14N3 $MR&$'XY343B(G%>#%'#%1"4$(>#%'%#1343(">N94$(C#N"(MS&9N"4$(>%&#9D9$W(1"D('#&Y3$(D"VXC#%1#(Y"#DXN" PUb(Y"VM%9(>&9:%'3(V#14N3($"4"Q#RT"3B(pRDR(19'%1$'R(C"1"$(9M#V:#RN"(&%Q%&MN3('3&SN343 3Q1&RT"3W( V"#( #Q>#VDX'3( 9CV#YR'9( &%Q%&MN3( >&"$XC"$W( :%&9'W( 1"( 'R$( M"&S$( 3Q1&R'( '3&SN343$( &%Q%&MN3 >&"$XC3(#Q>#VD%$(>%&#9D"(MSVR1R(>9$4R(>"&(Q%4R13(>&9:%'3(V#14#B *#

27 ),,=B(Y"D"(.,B(4"&'R(P3&9$#$'S4"$(D"&CXC"$($'&31'[&R('#1"(#%M#%$'"$(M"#&R1"$(>R&4"#\"$B(8#&41R&'W '#1"( 4"#X'$( &%Q%&MN3( >&"$XC3( #Q>#VD%$( >%&#9D$W( 9$"19'W( 1"( '"$( M#%4S&( $R1"$( 'R$( Y"VM%R$ &%2#"$ST""$(9>%&R:#N"$(9&Sf#3(D#%RW(1"$('#%1(M%#1'"(>S:(8"D94%$($SD%$W(13&R(>"&%DQS'$($#%Y' 49%'R&R$(>9V#'#1"$(4S%T"(9$'RN3B(l'&1R&'W(>"$'RMXY9(#%$>SN3(>&9:%'3(V#14N3(4"#\"('#%1(9'%#1'" N"3R( &%Q%&MN3( >&"$XC3( #Q>#VD%$( >%&#9D"( $R134RB( Z#$C%#DQ9'W( Y"VM%9( &%2#"$ST""$( 9>%&R:#N3 '%&4#\T('#1"($"4"Q#R'$(9()(%DSgR4(3Q(.(%DSg3B(p9(>R&4"#\3(&%Q3V'R'R(PUb(Y"VM%9(>&9:%'3 V#14N3( Y"#D"$( M#$R( &%Q%&MN3( >&"$XC3( #Q>#VD%$( >%&#9DR( %4"#R$( 3( %1RDR( M%#DR( %'#%1( $'#43VS'# %>#%'#%1"4#(>#%'%#1343(">N94#B(8R&4"#\"$('#1"(#%M#%$'"$(&"#'#W(3(19>34R($'&31'[&"(D"&C9N"$(V"C#B. 8S:( T9( >R&4"#\3( #%M#%T""$( >"YRN#$( M#%$( Y"D$W( 3( T"NR( #%V#134R( ""V#QS'"( D"&XN343( 3Q( "1'# >&9:%'3(V#14N3($MR&$'XY34"("''X$'XC"(M#DSN"('%&4#\"(>%&$>%1'XMRB(d"VXQ%(C"V$'R$(3Q(X>"T3(>&9:%'3 V#14N3($MR&$'XY34"(&RDX'RN3W(13&"(">&"1$'$($#%Y'$('RVR1B =C.%)-EI:J("%.7E-.A)["%+(/$DG-)")C.%)-EI:J) FMR&$'XY343( 9$"1"W( C"V$'9'#%$( 3Q( &%"V#QS'9( $MR&$'XY343B( p#$( &RDX'RN$( '#%1( ">&Sf#R'$W( $344SN9' D"&XN343( 3Q( "1'#( >&9:%'3( V#14N3( >R&4"#\3( $'"&>XC"$( 1M"D&R'RW( 1"$( '#%1( ">&Sf#R'"$( 1"'&"4 J(4#[T3(#'%&MRV"4(9(>V1$'B(*B,,(VXDQ(>V1$'B(.HB,,B(`%;#$13(#%4%$V3(DSg(3QD%M34R(#Q4"'9'$ &RDX'RN"( V9Y"&#'4$B( 8&%'$'"'R( 3Q( #%$>SN3( VXY343( :%3( C"V$'X'R( #4>V#:S'R( $MR&$'XY34"( &RDX'RN#%4 &%"V#QS'"#$( $MR&$'XY34$( %3Q$>#%a( #%&9C%a9N9T3$( >#%\S4343$( >"&( $MR&$'XY34"( $"D"VXN343W( 3 "'Tf#&XCR( 9( :#'#%4( #%$>SN"4#%4( $MR&$'XY34"( &RDX'RN#%4( '"$( "M( "'1"&XY$( 9( D"&XN343( 3Q( "1'# >&9:%'3(V#14%$(M#DSNR(VX4%\"B ) \+D:/-.-$ ^"&XN343(3Q("1'#(>&9:%'3(V#14%$($MR&$'XY34"("''X$'XC"(>"&RDX'"("''SVRW(13&R(&%DQ"4$(D"&XN343(3Q "1'#(>&9:%'3(V#14%$(&%"V#QS'R($MR&$'XY34"(V9Y"&#'4$(9(),,,B(Y"D"(=B(D%:%4C&"(VXDQ(),,JB(Y"D" KB(2%C&3R&#4B(d''SVR($#%Y'"$("&X(#QVXDQ#R'"$(D"'3(&#D"$(L).(D"&C"D#%"$(4"#XY"#$(M#DSN"#$(&RDX'RN$O 19>R("&(TR(&RDX'RN"(M#DSN9($MR&$'XC3(VX4%#W(1"$(">&Sf#R'$(Y"(>#&4$W(Y"(>S:(D"&CXC"$($'&31'[&"$ >R&4"#\3(#%M#%T""$B!9>34R(D"&XN343(3Q("1'#(>&9:%'3(V#14%$(&%"V#QS'"N"4($MR&$'XY34"4(M#$R(">V[19N"4R(>%&#9DR(C#N" V%N3>MS&$'"( '%D%:%W( 1"$( 1g3M3$#( #Q'%#1'R1"( 19>T( >R&4"#\3( #%M#%T""$( D"&CXC"$( $'&31'[&RB( 8S: ),,=B(Y"D"( "3Y3$'"( $MR&$'XY34$( "'1"V( >"V#%V#RNR$W( C%'( $"YV"CRNR$( $"4S&R( Q%4R( VX4%XB(!9>34R $MR&$'XY34$( 19>T( ),,=B( Y"D"( 4"&'"( C#N"( #%MS&9N"4#( Q%4R1$( %1R( >#&4$( >R&4"#\3( #%M#%T""$ D"&CXC"$($'&31'[&RB F'"'#$'#1"$( $'"D"&''%$'#( ">$'#>&#"W( 1"( M#DSN"#$( &%"V#QS'"#$( $MR&$'XY34$( #&( #%MS&9N"4#( 4"QR1$( >S: >R&4"#\3( #%M#%T""$( D"&CXC"$( $'&31'[&R( L$1B( '"C3V3OB( `3&1VR'( &%Q%&MN3( >&"$XC3( #Q>#VD%$( >%&#9D" >SDSNR$(D#%R$W('B#BW(D#%R$($'"&>(>SDSN9(Y"VM%9(&%2#"$ST""$(9>%&R:#N3(3(4#S'R(>%&#9D"(C%#YR4W $'"'#$'#1"$(D"'#(V#%:#"("&X('9W(1"(D"&XN343(3Q("1'#(>&9:%'3(V#14%$(&%"V#QS'"#$($MR&$'XY34$(19>T ),,=B(Y"D"(4"&'"(#&(#%MS&9N"4#(4"QR1$B. P3&9$#$'S4"$(D"&CXC"$($'&31'[&R(#%M#%$'9(>R&4"#\3($X1R13(""VXQ#(3(M#$">'M%&9TR13(9MS&'SN343($1B(),,JB(Y"D"(2%C&3R&"(w5S%T" b#g%'%"w(&"1$'r(o*+5,$)w)+*)4>)$f*,t$,t)$>t&4/)5$,7$,t)$!8+75]5,)=u5$7)+&,*74&'$l+&=)f7+;$l7+$=74),&+]$7'*>]$*=')=)4,&,*74b ) FX1R1(>"&(&%"V#QS'9($MR&$'XY343($1B(A4()+5)4C$:9$S9C$#7'')+5')6C$:9$NdgghRC$`V4,+&(&]$)+*7(*>*,]$&4($67'&,*'*,]$)+5*5,)4>)$*4$L*4&4>*&' =&+;),5`C$I78+4&'$7L$!=*+*>&'$O*4&4>)C$ZC$9$ddGidGjC$3(A4()+5)4C$:9$S9C$#7'')+5')6C$:9$NdggjRC$`A45f)+*4/$,T)$5;),*>5k$])5C 5,&4(&+($67'&,*'*,]$=7()'5$(7$+76*()$&>>8+&,)$L7+)>&5,5`C$V4,)+4&,*74&'$!>747=*>$e)6*)fC$[gC$9$jjGigFG9 *$

28 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises Darījumu uz nakti procentu likmes realizētā svārstīguma logaritms L9(),,,B(Y"D"(=B(D%:%4C&"(VXDQ(),,JB(Y"D"(KB(2%C&3R&#4O 2 realizçtâ svârstîguma logaritms vidçjais râdîtâjs pçc 24. gada 1. marta vidçjais râdîtâjs no 2. gada 4. decembra lîdz 24. gada 1. martam 21 darbadienas realizçtâ svârstîguma logaritma mainîgais vidçjais râdîtâjs I II III IV 21 I II III IV 22 I II III IV 23-1 I II III IV `94S&W(#'%&>&%'SN9'(T9$(&%Q3V'R'3$W(NR\%4(MS&R(D"a#(C&XD#RN34#B(8#&41R&'W(19>T(),,=B(Y"D"(4"&'" >#%%N"4$($"4S&R(4"Q(D"'3W(X>"T#($"VXDQ#RN34R("&(&%V"'XM#(#VY9(>#%&%DQ#(>#&4$(D"&CXC"$($'&31'[&"$ >R&4"#\R4B( l'&1r&'w( D"a#( 9'#134#W( 1"$( M"&( >"V#%V#R'( D"&XN343( 3Q( "1'#( >&9:%'3( V#14%$ $MR&$'XY343W( >#%4S&"4W( PUb( Y"VM%9( >&9:%'3( V#14N3( >R&4"#\"$W( 19>T( ),,=B( Y"D"( 4"&'"( "M 9&#$#RN3T#%$B( t%49'( '9( MS&RW( N%C1RD#( $%:#RN34#( >"&( D"&XN343( 3Q( "1'#( >&9:%'3( V#14%$ $MR&$'XY343(3Q$1"'R4#(>"&(>"Y"#D3($%:#RN34#%4B Tabula. Aprakstošā statistika un t-tests realizētā svārstīguma logaritmu vidējo rādītāju atšķirībai pirms un pēc pārmaiņām darbības struktūrā dm9'#?(e)8,)+5(3(pub(">&sf##b '$%J)"344NK"I(7( R4K"J(%-( T$)()"7$+,() 'GH"344NK"I(7( R4K"J(%-( U$+,:")1($-)")-(%'"'G7GA&"$D)&/$":,"%+D+%CA: '%()E:"$D'$/7+)"'+%$&7("+$I.J '$%J)"344NK"I(7( "R4K"J(%-( 'GH"344NK"I(7( R4K"J(%-( Z#DSN"#$(&RDX'RN$ I-B*+ I=B*= I)BH= I-B=+ F'"D"&'9M#&Q%.BK) )B...BHK )B,J G9MS&9N343($1"#'$ H-. )-J.JH +-,I$'"'#$'#1" *B=. )B*K LM#DSN9(&RDX'RN3("'Tf#&XC"O LC&XMXC"$(>"1R>%(q(-=*O (LC&XMXC"$(>"1R>%(q(..,O *%

29 3. ielikums LIKVIDITĀTE UN MONETĀRĀS POLITIKAS PASĀKUMI NO 24. GADA 9. NOVEMBRA LĪDZ 25. GADA 7. FEBRUĀRIM p"nr(#%v#134r(">$1"'x'#(pub(v#1m#d#'r'%$(&%y3vst""$(>"$r134#('&#n9$(&%q%&mn3(>&"$xc3(#q>#vd%$ >%&#9D9$W(1"$(C%#DQR$(),,=B(Y"D"(KB(D%:%4C&X(3(),,JB(Y"D"(.HB(N"MR&X(3(KB(2%C&3R&XB ](,1:")$)-GJ()"/$1C$7$-.-+)"C(A(7DE() b"13( V#1M#D#'R'%$( M"N"DQXC"$( ">V[19N"4R( >%&#9DR( #%MS&9N"4#( >"V#%V#RNR$( ">Y&9QXCR( %$9T9 C"19T3( ">N94"( $%Q9RVR( 1R>34"( &%Q3V'R'R( L$1B( d( "''BOB( b"19t3( ">N94$W( 1"$( #&( V#%VR1"#$ w"3'994"#$( 2"1'9&$w( L'B#BW( 2"1'9&$W( 13&3( >"&"$'#( %#Q&"#$"( 49%'R&R$( >9V#'#1"$( #$'&34%'3 #Q4"'9T""OW(),,=B(Y"D"()=B(D%:%4C&X($"$#%DQ"(MS$'3&#$1#("3Y$'R19(VX4%#(q(J,=B+(4VN&DB(%3&9B d>v[19n"4r(>%&#9dr("3'994#%(2"1'9&#(m#dsn#("c$9&csn"(v#1m#d#'r'#(),hb,(4vn&db(%3&9(">n94rw(1"$ #&(M"#&R1(%1R(N%C13&R(:#'R(>%&#9DR(19>T(%3&9(#%M#%T""$B(`3&>&%'X(&%Q%&MN3(>&"$XC"$W(1"$(#&(9'&$ V#%VR1"#$( C"13( V#1M#D#'R'%$( M"N"DQXC3( 2"1'9&$W( 19>34R( $"YV"CRNR$( %4"#XY"$( q( ">'3M%#.-HB=(4VN&DB(%3&9B(Z#&$&%Q%&M%$(L'B#BW(C"13(9&Sf#3(19'3("'V#1343(>R&$#%Y34$(>R&(&%Q%&MN3 >&"$XCR4O( C#N"( V#%VR1"$( %1R( >"&"$'#( L,B+,( 4VN&DB( %3&9( q( >#&4"NRW(,BK=( 4VN&DB( %3&9( q( 9'&"NR( 3,BKJ(4VN&DB( %3&9( q( '&%T"NR( &%Q%&MN3( >&"$XC3( #Q>#VD%$( >%&#9DRr( $1B( b( "''BOB( d3y$'r( MS&'XC"W( 19 9MS&9N"(>%&#9DRW(1"$(C%#DQR$(.HB(N"MR&XW(D&9T#(M#%(C#N"($"#$'X'"("&("3Y$'R13(V#1M#D#'R'%$(&%Q%&MN3 >#%>&"$XN343( h#%4"$$ms'13( C&XMD#%3( V"#1RW( V"#( 9D&9T#R'9$( >&%'( %Y"#DX'#%4( 4"1$RN343 T91#%4B(8&"$XC3(#Q>#VD%$(>%&#9D"W(1"$(C%#DQR$(KB(2%C&3R&XW("3Y$'9(M#DSN9(MS&'XC3(M"&S'3(#Q$1"#D&9' "&('R($"4S&R(X$9(V"#13(q('"$(#VY"('#1"#(-(%DSg"$B ^$1C$7$-.-+)"'$+7.C.A:J)":,"'%&H+,-: /$1J+) _XDQ'%13$( "3Y9T"N"4( V#1M#D#'R'%$ >#%>&"$XN34"4( >#%"3Y"( "&X( "'1VR'R( '#&Y3$ 9>%&R:#N3( ">N94$( L$1B( d( "''BOB( 8#%DRMRN34" $344"( Y"VM%"NR( &%2#"$ST""$( 9>%&R:#NR L6elOW( 13&"$( 9&Sf#3( D"'34$( C#N" ))B(D%:%4C&#$W( C#N"( M#$"3Y$'R1R( 19>T( %3&9 #%M#%T""$(L)H-BJ(4VN&DB(%3&9OB(`94S&(D"&XN34" >"&'%&3( #%$#%Y'9( >#%'%#1343( "''#%:XC"( >&%' ">4#%&#R'"N#%4( >#%'%#134#%4( L>#%'%#1343 $%Y34"( 19%2#:#%'$O( ">V[19N"4R( >%&#9DR $"YV"CRNR$(>#%'#%1"4#($'"C#V"(LM#DSN#(.B)*OB 5Sc#9'( #QVXDQ#R'( "3D"$( '#&Y3$( ">$'R1g3$W PUb(T"NR(>%&#9DR(19>34R(>#%4S&9N"("3Y$'R13 >#%DRMR'9(">N943(>9V#'#13B(`R>S:(T"NR(>%&#9DR 6el( PUb( >#%DRMRN34"( ">N94$( M"#&R134R #Q$9g3(C#N"(,BJ(4VN&DB(%3&9(M"#(.(4VN&DB(%3&9(M#&$ %'"V9"($344"$B(6elW(1"$('#1"(M%#1'"$(%#VY# >#&4$( h#%4"$$ms'13( C&XMD#%R4( 3( Y"D" C%#YR4W( PUb( 9VS4"( >"V#%V#R'( >#%DRMRN34" A attēls. Banku sistēmas likviditātes vajadzības un likviditātes piedāvājums L4VN&DB(%3&9r(M#$"(>%&#9D"(D#%"$(M#DSN#%(D"'#(9&RDX'#("#Q(1"'&"(2"1'9&"O nov. 24 dm9'$?(pubb galvenâs refinansçðanas operâcijas: mljrd. euro ilgâka termiòa refinansçðanas operâcijas: mljrd. euro pieprasîjuma noguldîjumu kontu turçjumi: mljrd. euro obligâto rezervju prasîbu lîmenis (rezervju prasîbas: mljrd. euro; virsrezerves:.7 mljrd. euro) autonomi faktori: mljrd. euro 7. dec janv febr Likviditâtes piedâvâjums Likviditâtes vajadzîbas *&

30 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises $344"$( VXDQ( =BJ( 4VN&DB( %3&9( M#&$( %'"V9" $344"$B( 8S:( '"4( PUb( >"1R>%#$1#( "'Y&#%QR$ >#%(4S&%R1R4(9M#&QS4(9(%'"V9"($344"$B _"#( "'N"39'3( %#'&RV3( V#1M#D#'R'%$( $#'3R:#N3W PUb(1"'&"(">V[19N"4R(>&"$XC3(#Q>#VD%$(>%&#9D" >SDSNR(D#%R(M%#:"(>&%:#QSN9T"$(9>%&R:#N"$B Z#$R$(%DSg"$(#Q$9VS$($'"&>XC"($'"&>(&9C%aV#14# 3(M#DSN9($MS&'9(V#14#(C#N"(3VV%(M"#(M#%$(CRQ%$ >31'$W( #Q\%49'( 6el( "&( 9&Sf#3( D"'343 -,B(D%:%4C&XW( 13&R( $'"&>XC"( $"$#%DQ"( H(CRQ%$ >31'3$B EVYR1"( '%&4#\"( &%2#"$ST""$( 9>%&R:#NR( "& 9&Sf#"( D"'343( )KB( N"MR&X( $"$1"\R( "& ),,JB(Y"D"(.=B( N"MR&X( >"Q#\9'9( 8"D94%$ VS4343( >#%DRMRN34"( $344"( '#1"( >"V#%V#R'" VXDQ(-,(4VN&DB(%3&9B B attēls. Virsrezerves 1) L4VN&DB(%3&9r(1"'&"(#Q>#VD%$(>%&#9D"(M#DSN"#$(VX4%#$O dm9'$?(pubb.o( b"13( >#%>&"$XN34"( 9Y3VDXN343( 19'3( "'V#134#W( 1"$ >R&$#%DQ(&%Q%&MN3(>&"$XC"$B!9>34R(PlGEd(Y"D&XQ(M#$R(">V[19'"NR(>%&#9DR($"YV"CRNR$($"4S&R($'"C#V$W(V"#(Y"('R($'"&>XC" $"VXDQ#RN34R( "&( 4##4RV9( >#%'%#134"( V#14#( $"YV"CRNR$( %D"3DQ( "3Y$'R1"( %1R( MS$'3&#$1"#$ VX4%#$(L$1B(U("''BOB(PlGEdW('R>"'(1R(>"&"$'#W(>"V#%V#RNR$(4S%T3(C%#YR$W(3(V#%VR1"$($MR&$'XC"$ C#N"( MS&9N"4"$( V"#1R( $'"&>( >SDSN9( 6el( #Q$9V#( 3( "''#%:XYR( &%Q%&MN3( >&"$XC3( #Q>#VD%$( >%&#9D" C%#YR4B 8S:( >SDSNR$( 6el( #Q$9V%$( &%Q%&MN3( >&"$XC3 #Q>#VD%$( >%&#9DRW( 1"$( C%#DQR$( KB( D%:%4C&XW PlGEd( $R134R( 1&#'R$( VXDQ( VX4%#4W( 1"$( C#N" 1&#%'#(Q%4R1$(>"&(4##4RV9(>#%'%#134"(V#14# L)oOW(N9('#&Y3$(D"VXC#%1#(":X4&%DQ9'(3Q$1"'XN"W 1"( V#1M#D#'R'%( #&( "3Y$'"B( `94S&( +B(D%:%4C&X PUb( >"Q#\9N"( >"&( Y"'"MXC3( M%#1'( >&%:#QSN9T9 9>%&R:#N3W( 3( PlGEd( >#%"3Y"( VXDQ(.BH-oB 8SDSNR(&%Q%&MN3(>&"$XC3(#Q>#VD%$(>%&#9D"(D#%R PUb( >"'#%TR4( "C$9&CSN"(.J(4VN&DB( %3&9W( 3 >%&#9D"( C%#YR$( '#1"( M%#1'"( %'9( 9>%&R:#N"W #Q4"'9N9'( "#QD%M343( #%$>SN3( 3Q( "1'#,BJ(4VN&DB( %3&9( ">N94RW( C%'( PlGEd( >#%"3Y" VXDQ(.B*HoB `#&Y3$( Y"#D"$( "''#%:XCR( 3Q( $"4S&R( "3Y$'3 V#1M#D#'R'#( R1"4R( #Q>#VD%$( >%&#9D"( C%#YR$ #Q&"#$XN"($"4S&R("3Y$'R$(>#%DRMRN34"($344"$ >SDSNR(Y"VM%"NR(&%2#"$ST""$(9>%&R:#NRW(1"$ '#1"(M%#1'"(.)B(N"MR&XB(`R>S:(PlGEd(9$VXDSN" %D"3DQ( Q%4( 4##4RVR$( >#%'%#134"( V#14%$B `94S&(.KB( N"MR&X( "3'9949( 2"1'9&3 C attēls. EONIA un procentu likmes LD#%"$(>&9:%'3(V#14%$r(oO nov. 24 dm9'$?(pubb GRO robeþlikme GRO minimâlâ pieteikuma likme EONIA koridors, ko nosaka procentu likmes aizdevumu iespçjai uz nakti un noguldîjumu iespçjai 7. dec janv ,75 7. febr. 25 *'

31 V#1M#D#'R'%$( "C$9&CST""$( >&9Y9a3( 1g[D"$( #Q&"#$XN"( PlGEd( >#%"3Y343( VXDQ( )B.)oB( 8SDSNR( TR #Q>#VD%$(>%&#9D"(D#%R(q(.HB(N"MR&X(q(PUb(#%>V3D#RN"($%1'9&R(H(4VN&DB(%3&9W(M%#:9'(>&%:#QSN9T9 9>%&R:#N3B(G%&"3Y9'#%$(3Q(T9(>"$R1343W(%>"&"$'#(V#%VR("3'9949(2"1'9&3(>&9Y9Q%$(1g[D"W(1"$ $"#$'X'"( "&( ZR:#N"$( e`6f( 4"1$RN343( $#$'S4"$( '%;#$19( 1g[4#W( T"NR( D#%R( C#N"( :SV9#$( %'9 9>%&R:#N"#W(#Q4"'9N9'("#QD%M343(#%$>SN"$(3Q("1'#()BJ(4VN&DB(%3&9(">N94RW(3(PlGEd($"$#%DQ" )B.=oB 8S:(>SDSNR$(#Q$9V%$(#Q>#VD%$(>%&#9DRW(1"$(C%#DQR$(KB(2%C&3R&XW(PlGEd($"YV"CRNR$(g9'#($'"C#V$W(V"# Y"(%D"3DQ(Q%4R1$(%1R("Y&R1R(TR(#Q>#VD%$(>%&#9D"(>9$4R(9MS&9'"#$(&RDX'RN$B(((KB(2%C&3R&X(PUb #%>V3D#RN"($%1'9&R()BJ(4VN&DB(%3&9W(M%#:9'(>&%:#QSN9T9(9>%&R:#N3W(3(%'9(9>%&R:#N"$W(#Q4"'9N9' "#QD%M343(#%$>SN"$(3Q("1'#W(T"NR(>SDSNR(D#%R($"$#%DQ"(,B)(4VN&DB(%3&9W(C%'(PlGEd(q()B,-oB 2.4. OBLIGĀCIJU TIRGI H?(?<7$,+*<8$ =?4)18$ '&*;2$ *'/,)+=*J&$ +7>)4,8$ '*;=)5$ '*)'2;&<75$,*+/75$ 6*5*+=5$ &;2)4*5;* -),$ EFFG9$ /&(&$ L)-+82+&$ 7,+&<2$ 85?$ &,;&'$ 5,+&8<*$ ;2&C$ ;78=2$ &'*);7,$ *'/,)+=*J&$ 7-'*/2>*<8$ )3J&5$ '*;=)5$ -*<&$ ;71$ )8+7$ *)6*)1&4&59$ :2'2;$ 5);7< $*4L'2>*<8$1&<2$)+*7(2$&+.$;78=2$4&6$=&*4.< SDSN9('&#N3(4S%T3(V"#1R(>"$"3V%$(9CV#YR:#N3('#&Y3($#'3R:#N"#(C#N"(&"1$'3&XY$('3&>4R1$(#VY'%&4#\" >&9:%'3( V#14N3( 1&#'34$( V#%VR1"NR( >%&#9D"( D"gRW( $"$#%DQ9'( MS$'3&#$1#( g9'#( Q%43$( VX4%\3$( L$1B.KB("''BOB( `94S&( 19>34R( #VY'%&4#\"( >&9:%'3( V#14%$( %4"#XNR$W( >"'%#:9'#%$( >"$"3V%$( 9CV#YR:#N3 >%g\"$(v#14n3($'&"3n"4("'1r&'9'"4(1r>34"4(>s:(),,jb(y"d"(2%c&3r&"(m#d3$b(pf#%'w(dfz(m"vdxc"$ 9CV#YR:#N3('#&Y3$(C#N"(Y"VM%"#$(>"$"3V%$(9CV#YR:#N3('#&Y3($MR&$'XC3(M%#:#R'RN$(>SDSN9('&#N3(4S%T3 V"#1RW(19>T(dFZ(#VY'%&4#\"(>&9:%'3(V#14N3('%D%:%$(),,=B(Y"D"(91'9C&"(M#D[qD%:%4C&"($R134R $R1"("'Tf#&'#%$(9(:#'3(V#%VR19(M"V$'3(V#14N3('%D%:S4B dfz(#vy'%&4#\"(9cv#yr:#n3(>%g\"$(v#14n3(v%n3>$vxd%(">v[19n"4r(>%&#9d"(>#&4"n9$()bj(4s%t9$w(tf#%'w "'$>9Y3g9(M"#&R13$(2"1'9&3$B(G9(M#%"$(>3$%$W(#&("'$%M#Tf"$(9&RD%$W(1"$(V#%:#"(>"&('#&Y3$(D"VXC#%13 Y"#D3(V%N3>MS&$'3(>R&$1"'XT"3("''#%:XCR(3Q(dFZ('"3'$"#4#%:XC"$('3&>4R19(#Q"3Y$4#(3(#2VR:#N3 T"NR( >%&#9DRB( 8#%4S&"4W( 9CV#YR:#N3( >%g\"$( V#14%$( $"4"Q#RNR$W( 1"D( dfz( '#1"( >3CV#$19'# 9D"&C#R'XC"$(>R&$1"'#W(1"$(19>34R("'$>9Y3g9N"(9D"&C#R'XC"$(>#%"3Y343W(13&T(C#N"(4"QR1$W(%1R '#1"(Y"#DX'$B(pf#%'W(9(9M%4C&"(C%#YR4(VXDQ(2%C&3R&"(M#D34(4"Q#RN3TR$("&X('#&Y3$(D"VXC#%13(C"a"$ >"&(#2VR:#N3W(3W(M#$'#:"4R1W('9(#Q&"#$XN"(19>34R(MRNR13W(%1R(Y"#DX'$W(D"'3(>3CV#$19N34$(>"&(dFZ >"'S&#\"(3(&"a9'RN3(:%R4B(G9(9'&"$(>3$%$W(>%g\"$(V#14N3(1&#'343W(#%$>SN"4$W(>"$'#>&#RN"(M"#&R1# 2"1'9&#W( 1"$( "M( '#&Y3$( 23D"4%'RV#%( 2"1'9&#W( >#%4S&"4W( #$'#'3:#9RV9( #%Y3VDX'RN3( V#%VR1$ >#%>&"$XN34$( >S:( dfz( M"VDXC"$( #VY'%&4#\"( 9CV#YR:#NR4B( Z#%V"#13$( /%D%&RV9( &%Q%&MN3( $#$'S4" >"V#%V#RN"(Y"VM%R$(>&9:%'3(V#14%$(Y"(),,=B(Y"D"(D%:%4C&XW(Y"(),,JB(Y"D"(2%C&3R&"($R134RB(p#% >"$R134#('#1"(Y"#DX'#W('R>S:('#%(%&"DXN"(%1RD3(C['#$13(#%'%14#(3Q(#VY'%&4#\"(>&9:%'3(V#14S4B /%C&3R&"(9'&"NR(>3$S(dFZ(#VY'%&4#\"(9CV#YR:#N3(>%g\"$(V#14%$("'1"V(D#%QY"($'&"3N#(>#%"3Y"(>S:('"4W 1"D( /%D%&RVR$( "'1VR'R( '#&Y3$( 194#'%N"$( NO)()+&'$ P)4$ Q&+;),$ "7==*,,))R( >&#%1T$SDS'RN$( dv"$!)

32 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 17. attēls. Valdības ilgtermiņa obligāciju peļņas likmes 18. attēls. Implicētais obligāciju tirgus svārstīgums LY"DRr(or(D#%"$(D"'#O LY"DRr(or(D#%"$(D"'3(.,(D#%3(4"#XY"#$(M#DSN"#$(&RDX'RN$O euro zona (kreisâ ass) ASV (kreisâ ass) Japâna (labâ ass) Vâcija ASV Japâna Vâcija, vidçjie dati kopð gada ASV, vidçjie dati kopð gada Japâna, vidçjie dati kopð gada Marts Apr. Maijs Jûn. Jûl. Aug. Sept. Okt. Nov. Dec. Janv. Febr dm9'#?(#'77=-)+/$3$e)8,)+5b 8#%QX4%B(Z"VDXC"$(#VY'%&4#\"(9CV#YR:#N3(>%g\"$(V#14%$("''#%:"$(3Q.,( Y"D3( 9CV#YR:#NR4( M"#( 3Q( 9CV#YR:#NR4( "&( '3MR19( >#%%N"49 '%&4#\3B II III IV I dm9'$?(#'77=-)+/b 8#%QX4%B( E4>V#:S'R( $MR&$'XY34"( D"'3( &#D"$( "'$>9Y3g9( '3MR$ #4>V#:S'R$( $MR&$'XC"$( "''#%:XCR( 3Q( '%&4#\"4( '3M#%4( M#$>R&SN#%4 C#&aR('#&Y9'"N#%4(R19'%$(VXY34#%4(N4)&+_>74,+&>,$/)4)+*>$L8,8+)RW 1"$( >"Y"&#R'#( ),( D#%"$( >#&4$( '9( '%&4#\"( C%#YR4W( $"$1"\R( "& #'77=-)+/( D%2#X:#N3B( `"$( 9QX4SW( 1"( ),( D#%"$( >#&4$( VXY343 '%&4#\"(C%#YR4('#%1(M%#1'"$(>R&4"#\"$(#Q4"'9'9(VXY343(#QMSVSW(V"# #%Y['3(#4>V#:S'9($MR&$'XY343?(9(VXY34"W(1"$(M#$'3MR1('%&4#\"4W(3Q R1"49(VXY343B &X$>%$(NA'&4$S+))45&4R(C#N"($#%DQ#$(194%'R&3$(!9Y&%$"(194#$#NR4B(pf#%'W(194%'R&#(V#1" '#&Y3$( D"VXC#%1#%4( Y"#DX'( MSV( $'#Y&R1"$( 49%'R&R$( >9V#'#1"$( X$'%9T"3( '3&>4R1"N9$( :%'3&1T\9$B b%q( '"4( #VY'%&4#\"( >&9:%'3( V#14N3( >#%"3Y34$W( #%$>SN"4$W( C#N"( $"#$'X'$( "&X( "&( /%D%&RV9( &%Q%&MN3 $#$'S4"$(>"Q#\9N343W(1"(#%>&#%1T(9MS&9'"#$(V#%V"#$(>"$"3V%$(9CV#YR:#N3(#%%$XY34"(V#14N3(1&#'34$ M"&("'$>9Y3g9'(wX$'%&4#\"(9M#&Q%$wB(`3&1VR'("'N"39NR$('#&Y3$(D"VXC#%13(C"a"$(>"&(#2VR:#N3W(X>"T# >S:('"4W(1"D(2%C&3R&"(C%#YR$(>3CV#$19'#%(8UE(D"'#(C#N"("3Y$'R1#(%1R('#&Y3$(Y"#D"$B(`"$(#%MS&9N"4# >"V#%V#RN"(.,(Y"D3(VXDQ$M"&"(#2VR:#N3W(1"$()B(4"&'R("'&"DR$(&%V"'XM#("3Y$'R(VX4%X(L">'3M%#()BHoOB G9( N"MR&"( C%#YR4( VXDQ( )B( 4"&'"4( dfz( M"VDXC"$(.,( Y"D3( 9CV#YR:#N3( 94#RVR$( >%g\"$( V#14%$ >"V#%V#RNR$(">'3M%#(>"&()J(CRQ%$(>31'#%4W(C%'(n">R"$(M"VDXC"$(.,(Y"D3(9CV#YR:#N3(94#RVR$ >%g\"$(v#14%$('"nr(>"tr(>%&#9dr(>#%"3y"(">'3m%#(>"&(),(crq%$(>31'#%4b(g%&"3y9'#%$(3q(#vy'%&4#\" >&9:%'3(V#14N3(%$%"NR4($MR&$'XCR4W('#&Y3$(D"VXC#%13(%$1"#D&XC"(>"&(9CV#YR:#N3('#&Y3$(9&#$S4 '3MR1"NR(V"#1RW(>"&(19(V#%:#"(#4>V#:S'"#$(9CV#YR:#N3('#&Y3$($MR&$'XY34$(V#%VR1"NR$(M"V$'X$W(N9>&9NR4 C#N"(&%V"'XM#(Q%4"(L$1B(.HB("''BOB 8SDSN9('&#N3(4S%T3(V"#1R(#VY'%&4#\"(>&9:%'3(V#14N3($MR&$'XC"$(dFZ(3(%3&9(Q9R("'1"V(C#N"(g9'# $#;&9"$B(`R(&%Q3V'R'R($'"&>XC"($'"&>(dFZ(3(%3&9(Q9"$(.,(Y"D3(M"VDXC"$(9CV#YR:#N3(>%g\"$(V#14S4 19>34R(%4"#XNR$(3()B(4"&'R($"$#%DQ"(">'3M%#(+,(CRQ%$(>31'3$B!(

33 19. attēls. Euro zonas obligāciju reālā peļņas likme un līdzsvara inflācija LY"DRr(or(D#%"$(D"'#O lîdzsvara inflâcija obligâciju reâlâs peïòas likme II III IV I dm9'#?(e)8,)+5(3(pub(">&sf##b 8#%QX4%B(lCV#YR:#N3(&%RVR$(>%g\"$(V#14%$('#%1(#%Y['"$(9(/&":#N"$ M"VDXC"$( 9CV#YR:#N3( '#&Y3$( :%R4W( 13&"$( '#%1( #D%1$S'"$( "&( %3&9 Q9"$(F8UE(L#Q\%49'('"C"1"$(:%"$O(3(13&3(DQST""$('%&4#\T(#& ),.)B(Y"D$B(5%'9D%W(1"$(#Q4"'9'"(VXDQ$M"&"(#2VR:#N"$(">&Sf#RT""#W ">&"1$'X'"(),,)B(Y"D"(2%C&3R&"(w5S%T"(b#g%'%"w()B(#%V#134RB attēls. Euro zonas implicētās biržā netirgoto nākotnes līgumu procentu likmes noguldījumiem uz nakti LY"DRr(or(D#%"$(D"'#O gada 2. marts 24. gada 3. novembris 24. gada 31. augusts dm9'$?(pub(">vs$%b 8#%QX4%B(E4>V#:S'R(C#&aR(%'#&Y9'9(R19'%$(VXY343(#%%$XY34" VX1%W( 1"$( M%#D9N"$( 9( '#&Y[( %$9T9( >&9:%'3( V#14N3 '%&4#\$'&31'[&"$W("'$>9Y3g9('#&Y3$(Y"#D"$(>"&(X$'%&4#\"(>&9:%'3 V#14S4( R19'SB( 5%'9D%W( 1"$( #Q4"'9'"W( V"#( ">&Sf#R'3( TX$ #4>V#:S'R$( R&>3$C#&a"$( R19'%$( VXY343( #%%$XY34"( VX1%$W ">&"1$'X'"(.***B( Y"D"( N"MR&"( w5s%t"( b#g%'%"w( =B( #%V#134RB d>vs$s(#q4"'9'#%(d"'#(#%y['#(9(4#n4"#\"$(d"&xn34#%4b !&"$"#$( #VY'%&4#\"( 9CV#YR:#N3( >%g\"$( V#14N3( $R19'SN"#$( 1&#'34$( %3&9( Q9R( VXDQ( 2%C&3R&"( M#D34W $"$#%DQ9'( M#$Q%4R19( VX4%#( 19>T( %3&9( #%M#%T""$W( M"&( Q#R4R( 4S&R( "'$>9Y3g9'( %D"3DQ( 4"QR1 9>'#4#$'#$1R$( '#&Y3$( D"VXC#%13( Y"#D"$( >"&( %3&9( Q9"$( '"3'$"#4#%:XC"$( #VY'%&4#\"( #Q"3Y$4%$ #Q&%DQS4B(8"&('9(V#%:#"("&(#2VR:#N3(#D%1$S'9(/&":#N"$(M"VDXC"$(.,(Y"D3(9CV#YR:#N3(L#D%1$S'"$("& %3&9( Q9"$( F8UEW( #Q\%49'( '"C"1"$( :%"$O( >%g\"$( V#14N3( $>SNR( V%N3>$VXD%( '"NR( >"TR( >%&#9DR( L$1B.*B(("''BOB( `94S&( #%MS&9N"4"#$( 3( $'&"3N"#$( &%RV9( #VY'%&4#\"( 9CV#YR:#N3( >%g\"$( V#14N3( 1R>34$( >S: 2%C&3R&"(M#D3$(q(>%&#9DRW(1"D(%3&9(Q9R(%C#N"(9QX4XY3(>9Q#'XM3(%1994#$19(D"'3(>3CV#$19N343W 9&RD"W(1"(9CV#YR:#N3(>%g\"$(V#14N3(#%MS&9N"4R$($MR&$'XC"$(D"a3(>SDSN9(4S%T3(V"#1RW(#%$>SN"4$W V#%VR19'#%$( 9'%#13$#( '%;#$1R( >#%VRY9T"R$( '#&Y34( 3( 4"#XY$( '#&Y3$( 9$1"\9N34$W( %M#$ 23D"4%'RV#%(2"1'9&#B(j>"T#(#&("'$%M#Tf#(>#%&RDXN34#('"4W(1"(#$'#'3:#9RV#%(#%Y3VDX'RN#(>"V#%V#RN3T# >#%>&"$XN343( >S:( #VY'%&4#\"( 9CV#YR:#NR4W( $"4"Q#9'( >%g\"$( V#14%$( Y"VM%91R&'( >%g\"$( VX1%$ #VY'%&4#\"(Y"VR(L$1B(),B("''BOB()B(4"&'R(M"VDXC"$(.,(Y"D3(9CV#YR:#N3(94#RVR(>%g\"$(V#14%(3(M"VDXC"$.,(Y"D3(9CV#YR:#N3(&%RVR(>%g\"$(V#14%(C#N"("''#%:XY#(-BHo(3(.B=oB 8&%'SN#(&%RV"NR4(9CV#YR:#N3(>%g\"$(V#14S4(#VY'%&4#\"(VXDQ$M"&"(#2VR:#N"(L'9(9$"1"(1R(>%g\"$(V#14N3 $'"&>XC3( $'"&>( $"VXDQ#R4R4( 94#RV"NR4( 3( "&( #D%1$#%4( >#%$"#$'X'"NR4( /&":#N"$( M"VDXC"$ 9CV#YR:#NR4W(13&3('%&4#\T(C%#DQ"$(),.)B(Y"DRO(>SDSN9('&#N3(4S%T3(V"#1R($MR&$'XNR$(4"QR1(3(9 ),,=B(Y"D"(9M%4C&"(C%#YR4(VXDQ(),,JB(Y"D"()B(4"&'"4(19>34R($"&31"(>"&(.,(CRQ%$(>31'#%4(LVXDQ )B.or( $1B(.*B( "''BOB( `"$( $"M31R&'( M"&( V#%:#R'W( 1"( '#&Y3$( D"VXC#%13( C"a"$( >"&( #VY'%&4#\"( :%3 $'"C#V#'R'%$(&#$1#%4(T"NR(>%&#9DR(Q#R4R(4S&R(#&(4"Q#RN3TR$B!*

34 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises!9>34r(3q\s4343(9cv#yr:#n3(#%%$xy34"(v#14n3($'"&>xc"(%3&9(q9r(>sdsn9$('&#n9$(4s%t9$($"&31" 3( 'RDSNRD#( >"V#1"( D#%QY"( Q%4R( VX4%X( L$1B( )B+B( $"D"g"$( )JB( "''BOB( lcv#yr:#n3( #%%$XY34"( V#14N3 $'"&>XC"W(19(9$"1"(1R($'"&>XC3($'"&>(#VY'%&4#\"(9CV#YR:#N3W(13&"$(%4#'SN3T#(3Q\S434#("&(&%#'#Y3 bbbw( #%%$XY34"( V#14S4( 3( %3&9( Q9"$( $"VXDQ#R43( M"VDXC"$( 9CV#YR:#N3( >%g\"$( V#14S4W( 9 ),,=B(Y"D"(9M%4C&"(C%#YR4(VXDQ(),,JB(Y"D"()B(4"&'"4($"4"Q#RNR$(">'3M%#(>"&(J(CRQ%$(>31'#%4W )B(4"&'R($"$#%DQ9'(">'3M%#(+J(CRQ%$(>31'3$B(h#R4R(4S&R(MSVR1R(V%N3>$VXD%("'$>9Y3g9(%D"3DQ $"&[19T9($MR&$'XY343(2#"T3('#&Y9$W('"u3('R(M"&("&X(V#%:#R'(>"&('#&Y3$(D"VXC#%13(3Q$1"'3W(1"(%3&9 Q9R(%D"3DQ($"4"Q#RN#%$(3Q\S4343(1&%DX'&#$1$B 2.5. KAPITĀLA VĒRTSPAPĪRU TIRGI S&'6)4&<75$,*+/75$ &;>*<8$ >)4&5$,8+*42<81&5$ &8/,$ ;71$ EFFZ9$ /&(&$ 476)=-+&$ -)*/2=C$,2(?<2(*,8+*47,$;71$EFFZ9$/&(&$&8/85,&$6*(85$476?+7,7$&8/18)<&5$,)4()4>*9$I&842;*)$&;>*<8$>)48$;28=*C *)5?<&=5C$'*)>*42<&$&+$8@J?=8=8$)'4.,5?<&5$,8+=2;8$8@'&-71&4759$A;>*<8$,*+/85$)8+7$@742$84 I&242$&,57/837<&$4)(&8(@$'*)'2;8$*)&8/8=8$4);2$A^%9!">#'RV"(MS&'$>">X&3(:%"$(V#%VR1"N9$('#&Y9$(>SDSN9('&#N3(4S%T3(V"#1R(>"V#%V#RNR$(L$1B().B("''BOB(dFZ $>SN"#$(C#&aR(19'S'9(3Q\S4343(2"1'#$1R$(>%g\"$(>#%"3Y34$W(Tf#%'W(C#N"($M"&XYR1"#$("3Y$'R19(1">#'RV" MS&'$>">X&3(:%3(M%#:#R'RN$(L$1B()-B("''BOB(p#$(dFZ("1:#N3(:%3(1R>34$(C#N"(>V"T#(9MS&9N"4$B(_#%VR1"#$ :%3( >#%"3Y34$( '#1"( 9MS&9'$( %%&cs'#1"$( 3 >"4"'4"'%&#RV3( &"a9t""$( $%1'9&9$B( 8"M#$"4 %$%W(9(N"MR&"(C%#YR4(VXDQ()B(4"&'"4W("1:#N3 :%"$W( 19( 9$"1"( >S:( ^,&4(&+($ l$ H77+U5$ GFF #D%1$"W( >"V#%V#RNR$( >"&( )ob( n">rr( T"NR( >"TR >%&#9DR(M*;;)*$EEG(#D%1$$(>#%"3Y"(>"&(=oB 8"$"3V%$( '#&Y9$( D94#SN9T"#$( %9'%#1'XC"$ VX4%#$W( 19( 9$"1"( >S:( #4>V#:S'R( $MR&$'XY34"W 13&T(9'%#1'$(>S:(^,&4(&+($l$H77+U5$GFF(#D%1$" #%$>SN"$( VXY34#%4( dfz( 3( >S:( M*;;)*$ EEG #D%1$"( #%$>SN"$( VXY34#%4( n">rrw( %D"3DQ $"4"Q#RNR$( 9( ),,=B( Y"D"( 9M%4C&"( C%#YR4 VXDQ(),,JB(Y"D"()B(4"&'"4B(`RDSNRD#(#4>V#:S'"#$ "1:#N3( '#&Y3$( $MR&$'XY34$( T"N9$( '#&Y9$( C#N" #%MS&9N"4#( Q%4R1$( >"&( >%&#9D"( M#DSN9( &RDX'RN3 19>T(.***B(Y"D"(L$1B())B("''BOB 21. attēls. Akciju cenu indeksi L#D%1$$?(,.B,-B),,=B(x(.,,r(D#%"$(D"'#O euro zona ASV Japâna P3&9( Q9R( "1:#N3( :%"$( $%19N"( 1">#'RV" MS&'$>">X&3( :%3( M#$>R&SN"#( "3YT3>%N"$ '%D%:%#W( 1"$( >"$"3VS( MS&9N"4"( >SDSN9( '&#N3 4S%T3( V"#1RB( `3&1VR'( %3&9( Q9"$( 3Q\S4343 2"1'#$1R( >%g\"( T"NR( >%&#9DR( D#%QY"( $'&"3N# >#%"3Y"B( F"$1"\R( "&( :T7=574$ O*4&4>*&' X&,&5,+)&=(D"'#%4(>"&(>%g\3(X7f$I74)5$!meP ^:Pnn( #D%1$3( M%#D9N9T9( 3Q\S4343( 19>SNR >%g\"( 3Q( M#%3( "1:#N3( '3&>#RN"( "3Y'( "&( Y"D" 1R>34"('%4>3(">'3M%#(-Jo(),,JB(Y"D"(2%C&3R&X 95 9 II III IV I dm9'#?(e)8,)+5(3(:t7=574$o*4&4>*&'$x&,&5,+)&=b 8#%QX4%B(X7f$I74)5$!meP$^:Pnn$-+7&((#D%1$$(%3&9(Q9"#W ^,&4(&+($l$H77+U5$GFF(dFZ(3(M*;;)*$EEG(n">R"#B 95 9!!

35 22. attēls. Implicētais akciju tirgus svārstīgums 23. attēls. Akcijas peļņas kāpums ASV un euro zonā LY"DRr(or(D#%"$(D"'3(.,(D#%3(4"#XY"#$(M#DSN"#$(&RDX'RN$O LY"DRr(or(4S%T"(D"'#O euro zona ASV Japâna euro zona (vidçjie râdîtâji kopð gada) ASV (vidçjie râdîtâji kopð gada) Japâna (vidçjie râdîtâji kopð gada) Dow Jones EURO STOXX indekss Standard & Poor's 5 indekss II III IV I dm9'$?(#'77=-)+/b 8#%QX4%B(E4>V#:S'R($MR&$'XY34"(D"'3(&#D"$("'$>9Y3g9("1:#N3(:%3 >&9:%'3RV9( >R&4"#\3( >&9Y9QSN"49( $'"D"&'9M#&Q#( V"#1" >%&#9DR(VXDQ(-(4S%T#%4W(1R('"$(#4>V#:S'$("1:#N3(:%3(#D%1$3 #%$>SN3( VXY343( :%R$B( d1:#n3( #D%1$#W( 3Q( 13&#%4( "''#%:"$ #4>V#:S'R$($MR&$'XC"$W(#&(X7f$I74)5$!meP$^:Pnn$GF(%3&9(Q9"#W ^,&4(&+($l$H77+U5$GFF(dFZ(3(M*;;)*$EEG$n">R"#B dm9'#?(:t7=574$o*4&4>*&'$x&,&5,+)&=(e@b@p@f(3(pub(">&sf##b 'R>"'(1R(#%>&#%1TSN9$(4S%T9$(L$1B()-B("''BOB(8"M#$"4(%$%W(9(N"MR&"(C%#YR4(VXDQ()B(4"&'"4W(X7f I74)5$!meP$^:Pnn(#D%1$$(>"V#%V#RNR$(">'3M%#(>"&(-oB `#&Y3$(D"VXC#%13(%D&9TXC"(>"&("1:#N3(:%3('%D%:S4('3MR1"NR(V"#1R(L'9(9$"1"(#4>V#:S'"#$("1:#N3 '#&Y3$($MR&$'XY34$W(1"$(9'%#1'$(>S:(X7f$I74)5$!meP$^:Pnn$GF(#D%1$"(#%$>SN"$(VXY34#%4O(%3&9 Q9R("&X('3&>#RN"($"4"Q#R'#%$(>SDSN9('&#N3(4S%T3(V"#1R(L$1B())B("''BOB(`RDSNRD#(#4>V#:S'"#$("1:#N3 '#&Y3$($MR&$'XY34$(%3&9(Q9R(C#N"(D"3DQ(Q%4R1$(>"&(>%&#9D"(M#DSN9(&RDX'RN3(19>T(.***B(Y"D"B G9&#$S4(.,(Y"VM%"N9$(X7f$I74)5$!meP$^:Pnn(#D%1$"('"3'$"#4#%:XC"$($%1'9&9$(9(),,=B(Y"D" 9M%4C&"( C%#YR4( VXDQ( ),,JB( Y"D"( )B( 4"&'"4( C#N"( &"1$'3&XY$( M#$>R&SN$( :%3( 1R>34$W( #Q\%49' '%;9V9c#N3( $%1'9&3( L$1B( -B( '"C3V3OB( `"$( M"&S'3( V#%:#R'W( 1"( T"NR( >%&#9DR( 9MS&9'R( 3Q\S4343 >%VX'$>SN"$( 3QV"C9T"R$( ">'MS&"( M"#&R1343( $%1'9&3B( `94S&( >"M#$"4( %$%( "3Y$'3( >&%u3( :%3 ">$'R1g9$($'&"3NR1"#$(:%3(1R>34$(C#N"(MS&9N"4$(>"4"'4"'%&#RV3(3("2'"$(3(YRQ%$($%1'9&9$W(1R('"$ 9'#1"(dFZ(3(n">RRB!"

36 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 3. tabula. Dow Jones EURO STOXX tautsaimniecības sektoru indeksu cenu pārmaiņas un vēsturiskais svārstīgums L:%3(>R&4"#\"$(>%&#9D"(C%#Y3(:%R$W(or(MS$'3&#$1"#$($MR&$'XY34$W(Y"DRr(oO 8(J(-_ $D+AC$+/() =(7DEC+) '(1(/'&_ A:J$ 8(-G%$>( '%+H+) `(F-( ":,"I.D+ T+)+/E() )+1-&%) ('%a'+ \a',$+he( 9+b,&/&_ c$a() 9+/+_ 1&J:,$_ 1.H$A()?&J:_,./$+ '(1(/_ '&A:J$ #d\e =9eff =+1-&%("E'(-)C(%) -$%I:)"1('$-(/$D.H$A. JB, KB..,B*..B+ -,B+ -BH *B= JB= *B, KB..,,B, N)+*7(&$-)*/8$(&,*R *+,:"'.%J($>() N)+*7(&$-)*/8$(&,*R ),,-(EZ.JBJ KBH *BH.)B,.+BH.-B).-B+.)B+.-B..JB..-BJ ),,=(E I=BK )B,.B,,B= I,B*..B+.B-.,B. =B, KB).B* ),,=(EE +BK )B= JB. JB).BJ =B) )BJ I.-B+ I,B+ JB..BK ),,=(EEE.BJ I+B= I*B, -B- I,BH +B,,B. I.-B, I.B=,BH I)B. ),,=(EZ *B* +B- JB,.B+..B).BH +B+ +B+.KB,..B. HBn"MR&#$,B. JB- )B, -B,.B+ I)B, JB= I)B+,B= -B).B* /%C&3R&#$ KB. )B) )B+ KB) -B= I,B-.B. -B* I)B),B) )BK G9(),,=B(Y"D"(D%:%4C&" C%#YR4(VXDQ(,)B,-B),,JB HB, HB) JB-..B- JBK I,B. KB).B+ I.B+ )BJ JB- =C.%)-EI:J) N)+*7(&$6*(?<*)$+2(.,2<*R ),,-(EZ.KBJ.=B+.JB..-B*.=BJ.KB).)BH )-B*.-B)..B).=B, ),,=(E.JB).KB).JB,.+B+.JB+.+B=.JB- )+B*.HB-.=B-.=B- ),,=(EE.+B..=BK.=B=.=BJ.JB+.JBH.JBH -,B-.JB,.-B=.=B. ),,=(EEE.-B..-B+.)BK.)BH..B+.)B=..BK )JB-..BK HB+..B) ),,=(EZ.)BH.,B=..BJ.,B*.,B..JBJ *BH.*B).)B* *BH.,B. n"mr&#$ HB* HBK HB+ HB* HB= *BK *BH.KBH *B) +BK KBJ /%C&3R&#$.,BJ HBK *BH.)B+ HB,.=B..,BH.+B)..B..HB. HB+ G9(),,=B(Y"D"(D%:%4C&" C%#YR4(VXDQ(,)B,-B),,JB.,B. HB=. *B,.,BJ HB..+BH *B*.+BH.,B,.-B, KB* dm9'#?(:t7=574$o*4&4>*&'$x&,&5,+)&=(3(pub(">&sf##b 8#%QX4%B(ZS$'3&#$1R$($MR&$'XC"$('#%1(">&Sf#R'"$(1R(D#%"$(#D%1$3(>R&4"#\3(3Q(Y"D3("''#%:#R'R($'"D"&'9M#&Q%("''#%:XY"NR(>%&#9DRB(F%1'9&3 #D%1$#($#%Y'#(TR(w5S%T"(b#g%'%"w($"D"gR(wP3&9(Q9"$($'"'#$'#1"wB 2.6. NEFINANŠU SABIEDRĪBU FINANSĒJUMS UN FINANSIĀLAIS STĀVOKLIS &67,*)=$ &=&,2$ 4)*)+7-)o7,&9$ M)L*4&418$ 5&-*)(+.-8$ 5&J)=,25$ L*4&418$ 'B5=&5$ *)&8/& <7+7<2=$ -*<&$ &8/5,*9$ A8/5,*$ &+2(&$ +2(.,2<*$ &1'&*; FINANSĒŠANAS NOSACĪJUMI G%2#"T3($"C#%D&XC3(R&SNR(2#"$SN34"(&%RVR$(&9C%a#Q4"1$"$(%3&9(Q9RW(19(">&Sf#"W(#Q4"'9N9' D"aRD3( 2#"$SN34"( "M9'3( #Q4"1$"$W( >"&( $M"&#%4( \%49'( "''#%:XY9$( "'V#1343$W( %D"3DQ( $"&31" ),,=B(Y"D"(=B(:%'3&1$X(L$1B()=B("''B(3(=B(#%V#1343OB(8"'(N"(\%4(MS&R(),,-B(Y"DR(9'#13T9(D"'3(&#D3 V[Q343W(Tf#%'W(>"T&%#QSN"#$(2#"$SN34"(#Q4"1$3(VX4%#$(MS$'3&#$1#(#&(g9'#(Q%4$B(`"$($"#$'X'$("&(M#$3 $"$'RMD"g3W('B#BW(5/E("#QD%M343W(>"&RD"(MS&'$>">X&3(3(19'S'9("1:#N3W(&%RV9(#Q4"1$3(1&#'343B(ZS&'$ >#%4#S'("&XW(1"(3Q("'V#134#%4(C"V$'X'"NR($MS&T"R(L1"$(Q#R4R(4S&R("'$>9Y3g9(%2#"T3($"C#%D&XC3 #VY'%&4#\"(2#"$SN34"($'&31'[&3O(>"TV"#1(V#%V"(9QX4%(#&(1">#'RV"(MS&'$>">X&3(#Q4"1$R4W(1"$(C#N"!#

37 "3Y$'R1"$( %1R( >"&RD"( 2#"$SN34"( #Q4"1$"$ ),,=B( Y"D"( =B( :%'3&1$XB( `3&>&%'X( "&( N"3"NR4 "1:#N3( %4#$#NR4( $"#$'X'R$( >V[$4"$( D"a3( >SDSN9 :%'3&1T\3( V"#1R( C#N"( &%V"'XM#( 4S&%"$W( N9 3Q\S434#W( #%$>SN"4$W( >&#%1T&913( D%M"( :#'3W VS'R13(2#"$SN34"("M9'3(#Q4"'9T""#B e3rn9'( >"&( $"$'RMD"gR4W( %2#"T3( $"C#%D&XC3 >"&RD"( 2#"$SN34"( $M"&XYR1"#$( "M9'$( #&( 5/E "#QD%M34#B(b"13(2#"$SN34"(&%RVR$(#Q4"1$"$ '3&>#RN"( $"4"Q#R'#%$W( $"$#%DQ9'( g9'#( Q%43$ VX4%\3$( ),,=B( Y"D"( >SDSNR( :%'3&1$X( L$1B )=B("''BOB(8"'#%$XCR(5/E(X$'%&4#\"(3(#VY'%&4#\" >&9:%'3( V#14%$( N"3#%4( "#QD%M34#%4 %2#"T3( $"C#%D&XCR4( Y"VM%91R&'( '3&>#RN" $"4"Q#R'#%$(9(N"3('R(Q%4"N#%4(VX4%\#%4W(1"$ C#N"(MS&9N"4#(-B(:%'3&1$X(L$1B(=B('"C3V3OB(8SDSN9 '&#N3(4S%T3(V"#1RW(VXDQ(),,=B(Y"D"(D%:%4C&#4W 5/E( X$'%&4#\"( >&9:%'3( V#14N3( 3( $"VXDQ#R4" '%&4#\"( '#&Y3$( >&9:%'3( V#14N3( $'"&>XC"( "M C['#$1#( 4"#XN3$#%$B( `3&>&%'X( T"NR( >"TR( >%&#9DR 5/E( %D"3DQ( >"V#%V#RN"( 5/E( #VY'%&4#\" >&9:%'3( V#14N3( 3( $"VXDQ#R4"( '%&4#\"( '#&Y3$ >&9:%'3( V#14N3( $'"&>XC3B( 8#%4S&"4W( >&9:%'3 V#14%$("#QD%M34#%4(%2#"T3($"C#%D&XCR4(LY" "#QD%M34#( VXDQ(.( 4#VNB( %3&9W( Y"( "#QD%M34#W V#%VR1#( >"&(.( 4#VNB( %3&9O( "&( >&9:%'3( V#14%$( D"&CXC"$( $R19'SN9( >%&#9D3( #VYR13( >"&( J( Y"D#%4 $"4"Q#RNR$(">'3M%#(>"&()J(CRQ%$(>31'#%4W(1"$($"VXDQ#R4$("&(J(Y"D3(M"VDXC"$(9CV#YR:#N3(>%g\"$ V#14%$(1&#'343(">'3M%#(>"&(=,(CRQ%$(>31'#%4B(`"$W(#%$>SN"4$W("'$>9Y3g9(>"&"$'9(V"#1"(9CXD#W(1"$ MS&9N"4"W( #VY'%&4#\"( 1&%DX'3( >&9:%'3( V#14S4( >#%VRY9N9'#%$( '#&Y3$( >&9:%'3( V#14S4( L$1B JB(#%V#1343OB G%D"3DQ(#VYR1R($1"'XN34R(5/E(C#N3$#('%D%:%(>SDSN9(Y"D3(V"#1R($"4"Q#R'("#QD%M343(>&9:%'3 V#14%$W( '"u3( ">N94$W( 1RDR( '"$( #%'%14SN#$( $"VXDQ#R4"( '%&4#\"( '#&Y3$( >&9:%'3( V#14N3( $'"&>XC"$ $"4"Q#RT"9$W(C#N#$(4S&%R1$($"VXDQ#RN34R("&(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14N3($'"&>XC3 C['#$1"N#%4(1&#'34#%4B G%2#"T3($"C#%D&XC3(%4#'S'RW(3Q('#&Y3$(#$'&34%'#%4(C"V$'X'R(>"&RD"(2#"$SN34"(&%RVR$(#Q4"1$"$ "&X(%D"3DQ($"4"Q#RNR$($"VXDQ#RN34R("&(N"3(Q%4"N#%4(VX4%\#%4W(1"$(C#N"(MS&9N"4#(-B(:%'3&1$XB h%4r$(9cv#yr:#n3(2#"$sn34"(#q4"1$"$("'$>9y3g9(ms$'3&#$1#(q%49$(m#$3('%&4#\3(>&9:%'3(v#14n3 VX4%\3$W(1R("&X(g9'#(Q%49(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14N3($'"&>XC"$(VX4%#(L$1B()JB("''BOB ),,=B(Y"D"(=B(:%'3&1$X(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14N3($'"&>XC"$(Y"VM%91R&'($'"C#V#QSNR$ Q%4R(VX4%XB(j>"T#($'"&>XC"($'"&>("3Y$'"(#%%$XY34"(3(bbb(&%#'#Y"(9CV#YR:#N3(#%%$XY34"(V#14S4 3( %'"V99CV#YR:#NR4( C#N"( Q%4R1R( 19>T( %3&9( #%M#%T""$B( lcv#yr:#n3( #%%$XY34"( V#14N3( $'"&>XC3 VX4%\"( C['#$1"#$( 1&#'34$( 9&RD"W( 1"( >"$'RM( 3Q$1"'$( >"&( &%V"'XM#( V"CMSVXYR4( %2#"T3( $"C#%D&XC3 #%$>SNR4(%3&9(Q9RB(Z#%V"#13$W($"VXDQ#9'(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14N3(9&#$%$("&(5/E 1&%DX'3(>&9:%'3(V#14N3(9&#$S4W(NR"'QX4SW(1"(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14N3($'"&>XC"$ >"'#%$XCR(C['#$1#(>"V#%V#RN3TR$(2#"$#RV3($"'&#:#RN343(>%&#9D9$(L>S:(),,.B(Y"D"(..B($%>'%4C&"(3 "'1R&'9'#(q(),,)B(Y"D"()B(>3$Y"DROW(C%'(C"13("#QD%M343(>&9:%'3(V#14%$(4S&%R1(&%"cSN3T"$(3Q!$ 24. attēls. Euro zonas nefinanšu sabiedrību ārējā finansējuma reālās izmaksas LY"DRr(oO finansçjuma kopçjâs izmaksas reâlâs MFI îstermiòa aizdevumu procentu likmes reâlâs MFI ilgtermiòa aizdevumu procentu likmes uz tirgus instrumentiem aizdevumu balstîtâ parâda reâlâs izmaksas kotçto kapitâla vçrtspapîru reâlâs izmaksas dm9'#?(pubw(:t7=574$o*&4&>*&'$x&,&5,+)&=c$q)++]''$y]4>t(3 "745)4585$!>747=*>$O7+)>&5,B 8#%QX4%B(G%2#"T3($"C#%D&XC3(R&SNR(2#"$SN34"(&%RVR$(#Q4"1$"$ '#%1( ">&Sf#R'"$( 1R( M#DSNR$( $MS&'R$( C"13( "#QD%M343W( >"&RD" MS&'$>">X&3(3(1">#'RV"(MS&'$>">X&3(#Q4"1$"$W(1"$(C"V$'R$(3Q('9 "''#%:XY"N#%4("'V#134#%4(3(D%2VS'"$("&(#2VR:#N"$(Y"#DR4(L$1B(TR w5s%t"(b#g%'%"w(=b(#%v#1343ob(8s:($"$1"\9'9(5/e("#qd%m343 >&9:%'3(V#14N3(#%M#%T""$(),,-B(Y"D"($R134R(D"'3(&#DR(&"DR$ $'"'#$'#$1"#$(V[Q34$B

38 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 4. ielikums EURO ZONAS NEFINANŠU SABIEDRĪBU ĀRĒJĀ FINANSĒJUMA REĀLO IZMAKSU RĀDĪTĀJS p"nr(#%v#134r(">v[19'$(%3&9(q9"$(%2#"t3($"c#%d&xc3(r&snr(2#"$sn34"(&%rv9(&9c%a#q4"1$3 &RDX'RN$B(`"$(#&($#'S'#$1$(%2#"T3($"C#%D&XC3(1&%DX'\S4SN3(2#"$SN34"(#Q4"1$3(&RDX'RN$W(1"$ C['#$1#(#%'%14S(3Q\S4343(VS4343$(#%Y3VDXN343(M%#1T"RB P3&9(Q9"$(%2#"T3($"C#%D&XC3(R&SNR(2#"$SN34"(&%RVR$(&9C%a#4"1$"$('#%1(">&Sf#R'"$(1R(C"13 N"39("#QD%M343(&%RV9(#Q4"1$3W(3Q(9'&&%#QSNR('#&Y[('#&Y9'#%4(#$'&34%'#%4(C"V$'X'"(>"&RD"(&%RV9 #Q4"1$3(3(1">#'RV"(MS&'$>">X&3(&%RV9(#Q4"1$3(M#DSN"#$($MS&'"#$(&RDX'RN$(L$1B(>"4"''%1$'"()=B("''BOB p"nr(q#\r($m"&xy#(>#%4#s'w(1"($"$1"\r("&($"4s&r($'#y&"n#%4(59d#vn"#(nq7(*/'*&4*r(3(5#vv%&" NQ*'')+R( L.*JHO( '%9&S4"$. ( >#%\S434#%4( 3Q\S434"( 2"1'#$1R( MS&'XC"( VXDQ$M"&"( ">$'R1g9$( "M "'1"&XY"(9('R(1">#'RV"($'&31'[&"$B(p"NR(M#DS(D"aRD3(2#"$SN34"("M9'3('%D%u3W('B$1B('9(#Q4"1$3W ""VXQ%#(%C['3(>">#VD3(#29&4"'XM"$(MS&'XC"$W(MS&'SN9'(3Q\S4343(2#"$ST""$(">$'R1g3$B(`94S& &%RV"NR( >"$"3VS( >"$'RM( M"#&R1#( 2"1'9&#( L>#%4S&"4W( 9D91g#W( D"aRD$( 1&%DX'\S4SN3( 3( "#QD%MSN3 $"M$'"&>SNR$(#29&4R:#N"$(VX4%#$(M"#('#&Y3(V#1M#D#'R'%OW(1"$(9$"1"(3Q\S4343(2"1'#$1R$(MS&'XC"$ "'1"&XC3(9('9(1">#'RV"($'&31'[&"$B(`R>S:(2#"$SN34"(#Q4"1$3(&RDX'RN#W(1"$("'$>9Y3g9(3Q\S4343 1">#'RV"($'&31'[&3W(M"&S'3($#%Y'(D%&XY3(#29&4R:#N3B G%2#"T3($"C#%D&XCR4(R&SNR(2#"$SN34"(&%RV9(#Q4"1$3(&RDX'RN$(">&Sf#R'$(:%'3&1T\"($1"'XN34RW $R19'(9(.**,B(Y"D"B(`R(194>9%'#('#%1($MS&'#("''#%:XCR(>&%'('9("'V#134#%4($"$1"\R("&(:%'3&1T\" 2#"T3(>R&$1"'#%4W(1"$(19&#cS'#("&(>R&MS&'ST""$(#%'%14#W(>#%\%49'W(1"('#%("'$>9Y3g9(%3&9(Q9"$ %2#"T3( $"C#%D&XC3( #VY'%&4#\"( 2#"$SN34"( 3QC[M#B(!94>9%'#( '#%1( D%2VS'#( "&( "745)4585!>747=*>5$O7+)>&5,(>3CV#:S'"NR4(#2VR:#N"$(Y"#DR4B(8&9'"4$W(T#$(&RDX'RN$(M"&S'3(C#%a#(>R&$>XVS' %2#"T3( $"C#%D&XC3( >"&RD"( #Q4"1$"$W( N9( 1&%DX'\S4SN#( C#%a#( M#%( #Q4"'9( >#%%N"49( VS'R19 2#"$ST""$(#$'&34%'3($#%Y'R$(#%$>SN"$(3("''#%:XY#(>#%VRY9($"M"(1">#'RV"($'&31'[&3B \+./.)"(,1:"1%+7$-G@(,()"$DJ(1)() _"#(#%Y['3(%3&9(Q9"$(%2#"T3($"C#%D&XC3(C"13(1&%D#'ST""$(#Q4"1$"$W('#%1(">&Sf#R'"(5/E X$'%&4#\"(3(#VY'%&4#\"("#QD%M343(>&9:%'3(V#14%W(13&(M#%(#%$>SN"4$W(>#%4S&9N9'("'$%M#TfR4 5/E("#QD%M343(V#14S4('9("''#%:XY9("'V#1343($3443($M"&3$B d>&sf#9'( %3&9( Q9"$( %2#"T3( $"C#%D&XC3( C"13( 1&%D#'ST""$( #Q4"1$"$W( NR\%4( MS&RW( 1" ),,-B(Y"D"( $R134R( C#N"( 5/E( "#QD%M343( >&9:%'3( V#14N3( $'"'#$'#1"$( D"'3( V[Q34"( >31'$B( `"$ 9'#1"( 'R>S:W( 1"( %$"$1"\9'R$( 5/E( >&9:%'3( V#14%$( "#Q$'RN"( "&( >&%:XQR13( $"$1"\9'9( >&9:%'3 V#14N3( $'"'#$'#13( L'B#BW( "&( 'B$B( 5Ee( V#14S4OB ) ( `R( 1R( >#&4$( ),,-B( Y"D"( #Q4"'9'R$( V#14%$( "M #%$>SN"4$(>#%'#%1"4#(D&9T#(19&#cS'W(>"Y"#DR4(TX$(VX4%\3("'Tf#&XC"$("M(19&#cS'"$B. F1B(O9$Q7(*/'*&4*C$Q9$Q*'')+$NdgGjRC$`:T)$>75,$7L$>&*,&'C$>7+7+&,*74$L*4&4>)$&4($,T)$,T)7+]$7L$*46)5,=)4,`C$A=)+*>&4$!>747=*> e)6*)fc$%7'9$zj9 ) FX1R13(#29&4R:#N3(>"&(N"39($"$1"\9'9(>&9:%'3(V#14N3($'"'#$'#13($1B(PUb(),,-B(Y"D"(D%:%4C&"(w5S%T"(b#g%'%"w(#%V#134R(M)f$!"# 5,&,*5,*>5$74$QOV$*4,)+)5,$+&,)59!%

39 FR19'( "&( ),,-B( Y"D3W( >"4"'9N9'#%$( 3Q( $"$1"\9'"NR4( 5/E( "#QD%M343( >&9:%'3( V#14S4W( 5/E X$'%&4#\"("#QD%M343(>&9:%'3(V#14%(#&(TRD3(V#14N3(M#DSN"#$($MS&'"#$(&RDX'RN$? q(9&sf#3(19'3(d%c%'"("'v#1343(>&9:%'3(v#14%$(3 q( 4"#XYR$( >&9:%'3( V#14%$( 3( >&9:%'3( V#14%$( N"3"N#%4( "#QD%M34#%4( "&( >&9:%'3( V#14%$ D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4B 5/E(#VY'%&4#\"("#QD%M343(>&9:%'3(V#14%(#&(TRD3(V#14N3(M#DSN"#$($MS&'"#$(&RDX'RN$? q( >&9:%'3( V#14%$( N"3"N#%4( "#QD%M34#%4( "&( >&9:%'3( V#14%$( D"&CXC"$( $R19'SN9( >%&#9D3(.q J(Y"D#(3 q(>&9:%'3(v#14%$(n"3"n#%4("#qd%m34#%4("&(>&9:%'3(v#14%$(d"&cxc"$($r19'sn9(>%&#9d3(#vyr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`3&1VR'($"$1"\9'"NR($'"'#$'#1R("M(%"'C#V$'XC3($'"&>(N"39(D"&XN343(>&9:%'3(V#14N3(D%2#X:#N3W 13&(V#14%$(9$"1"($"$1"\R("&("#QD%M34"(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3W(3("'V#134" $3443(D%2#X:#N3W(13&($344"$(1V"$#2#:S($"$1"\R("&($R19'SN9('%&4#\3B(`R'"DW(>#%4S&9N9'(>&9:%'3 V#14S4( "''#%:XY9( "'V#134"( $3443( $M"&3$W( &9D"$( #4>V#:S'$( >#%\S434$W( 1"( "M( 2#"$SN34"( "& 4"#XY9( V#14#B( 8#%4S&"4W( V#14S4( "&( >&9:%'3( V#14%$( D"&CXC"$( $R19'SN9( >%&#9D3( #VYR13( >"& J(Y"D#%4(>#%4S&9("#QD%M343("&($R19'SN9('%&4#\3(#VYR13(>"&(J(Y"D#%4("'V#1343(19>$344"$W(V"# Y"W( #%$>SN"4$W( D"g"( TR( "'V#134"( $344"$( 2#"$S'"( "&( V#14S4( X$R1#%4( D"&CXC"$( >%&#9D#%4B `RDSNRD#(#VY'%&4#\"(V#14S4(>#%4S&9'#%($M"&#W(M#$'#:"4R1W(C[$(%D"3DQ(>"&(V#%V3W(C%'(X$'%&4#\" V#14S4(>#%4S&9'#%($M"&#(q(%D"3DQ(>"&(4"Q3B(pRD"$(>9'%:#RV"$(%9CN%1'#M#'R'%$(#%'%14%(D&9T# M#%(#&($"4S&R(#%&9C%a9'"W(3('"#(%M"N"DQS'3($1"&'(9&#$%$(V"#1RB `3&1VR'($"$1"\9'"NR($'"'#$'#1R(V#14N3(D"VXN34$(#&($X1R1$(%1R("'V#134"($3443(D"VXN34$B(`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f#"( >"4"'R( #&( M#DSNR( #%%$XY34" Q)++*''$ Y]4>T( #D%1$$( 3Q\S4343( 9CV#YR:#NR4( "&( DQST""$( '%&4#\3( #VYR13( >"&(.( Y"D3W( 19 %4#'SN3T"$(%3&9(Q9"$(%2#"T3($"C#%D&XC"$("&(#M%$'X:#N3(&%#'#Y3(LD"'#(>#%%N"4#(19>T(.**HB(Y"D" ">&Xg"OW(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14%$($%TR$(V#%VR1"NR$(%3&9(Q9"$(M"V$'X$(>%&#9DR(>#&4$.**HB( Y"D"( ">&Xg"( 3( %3&9( M"V['"$( "3Y$'"( #%%$XY34"( #D%1$$B( Z"V$'3( #%%$XY34"( V#14%$( '#%1!&

40 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises ">19>9'"$W(#Q4"'9N9'(E!8($M"&3$W(1"$("'C#V$'(),,.B(Y"D"(>#&1'$>SN"$(>"&#'R'%#B(G%'#%1(9&RDX'"(3Q '#&Y3$(#$'&34%'#%4(C"V$'X'R(>"&RD"(X$'%&4#\"(3(#VY'%&4#\"(#Q4"1$3("'Tf#&XC"W(N9("M("'C#V$'9T" 9MS&'SN34"W(>S:(13&"(M"&S'3(9'%#1'(%3&9(Q9"$(%2#"T3($"C#%D&XC3(3Q('#&Y3$(#$'&34%'#%4 C"V$'X'R(>"&RD"(X$'%&4#\"(#Q4"1$"$B p9( &RDX'RN3( D%2VS( "&( "745)4585$!>747=*>5$ O7+)>&5,$ #2VR:#N"$( Y"#DR4( "'C#V$'9T#( 3Q\S434" 9CV#YR:#N3(DQST""$('%&4#\"4W(1"$(M#DSN#(19>34R(#&(J(Y"D#B \+./.)"1('$-./("CG%-)'('E%:"$DJ(1)() P3&9(Q9"$(%2#"T3($"C#%D&XC3(1">#'RV"(MS&'$>">X&3(&%RVR$(#Q4"1$"$(9$"1"("&(/3VV%&"(NO8'')+R 3(m$#"$(Nq5*&R(L.*H=O -( #Q4"'9'R(`&X$>"1R>N3(69&D9"(D#M#D%a3(D#$19'"(49D%g"(N:T+))_^,&/) S7+(74$X*6*()4($X*5>784,$=7()'R(>"VXDQXC3B((F"$1"\R("&(T9(49D%V#("1:#N"$(:%"(#&(M#%RD"("& Y"#DR49( M#$3( R19'S( #Q4"1$RN"49( "1:#N"$( D#M#D%a3( D#$19'S'9( $3443B( `R>S:( 49D%V#$( #& $"4S&R(M#%1R&T$(3(%\%4(MS&R(M"#&R13$(:#'3$(2"1'9&3$W(13&#(M"&S'3(#%'%14S'("1:#N3('#&Y3$(:%"$B `3&1VR'(49D%g"(9MS&'SN34"4(%>#%:#%T"4#(M"#&R1#(>">#VD3(>#%\S434#B(8#&41R&'W('#%1(>#%\%4'$W 1"(D#M#D%D%$(#&(%4"#XY"(>%g\"$(D"g"W('R(1"(D#M#D%a3(Y"#DR49(>#%"3Y34"('%4>3(M"&("#Q$'R'("& Y"#DR49(R19'%$(>%g\"$(1R>34"('%4>3B(l'&1R&'W(>#%\%4'$("&XW(1"(3Q\S434"(>%g\"$(>#%"3Y34$ M%#D9$#%$('&#N9$(>9$49$B q(8#&49(>9$43(m%#d9(>#&4#%(u%'&#(y"d#b(_"#(>&9y9qs'3(m#dsn9(>%g\"$(>#%"3y343(r1"4"n#%4 u%'&#%4(y"d#%4w('#%1(#q4"'9'"$(q7+/&4$^,&4')]$"&*,&'$v4,)+4&,*74&'(l5fueo(p5f("1:#n3('#&y3$ #D%1$"(""VX'#f3(:T7=574$O*4&4>*&'$O*+5,$"&''(>%g\"$(>&9Y9Q%$B(_"#(#%Y['3(&%RVR(>#%"3Y34" &RDX'RN3W(T#$(M#DSN"#$(1R>34"('%4>$(D%2VS'$("&(R1"49(u%'&3(Y"D3(M#DSNR4(#2VR:#N"$(Y"#DR4B q(l'&"#$(>9$4$(>"&%dq"4$(1r("$'9\3(y"d3(#vy$($'"&>>9$4$w(13&r(#q4"'9'$(>#%\s434$w(1"(9'#1$ &%RVR(3Q\S434"(>%g\"$(>#%"3Y34"(V#%R&"(>#%VRY9T"R$(>%g\"$(#VY'%&4#\"(1R>34"('%4>"4B q(`&%t"nr(>9$4r('#%1(>#%\%4'$w(1"(&%rvr$(3q\s434"(>%g\"$(#vy'%&4#\"(>#%"3y34$(c[$(%4"#xy$ L)B)JoOW(1"$(#%1g"3N"$(%3&9(Q9"$(>9'%:#RVR(1R>34"('%D%:%$(MS&'SN34"(&9C%aR$B!9>34RW( 9$"19'( 1">#'RV"( MS&'$>">X&3( #Q4"1$"$( "&( `&X$>"1R>N3( 69&D9"( D#M#D%a3( D#$19'" 49D%g"(>"VXDQXC3W(>#%\%4'$W(1"(D#$19'"(V#14%W(13&3(M%#D9(C%Q&#$1"(>&9:%'3(V#14%(3(1">#'RV" MS&'$>">X&3( &#$1"( >&S4#N"$( $344"W( M"&( "#Q$'R'( 1">#'RV"( MS&'$>">X&"( #Q4"1$"$B( t%49'( MS&R #Q4"'9'9$(>#%\S4343$(L>#%4S&"4W(#VY'%&4#\"(>%g\"$(>#%"3Y343OW(1">#'RV"(MS&'$>">X&3(#Q4"1$3 9MS&'SN34$( $"#$'X'$( "&( V#%VR13( %9'%#1'XC3( %1R( :#'3( 2#"$SN34"( 194>9%'3( #Q4"1$3 9MS&'SN34$B(`"$(NR\%4(MS&RW($"VXDQ#9'(D"aRD3(2#"$ST""$(#$'&34%'3(#Q4"1$"$B - d>&"1$'3(>"&(49d%g"(v#%'9t"3(%3&9(q9r($1b(),,=b(y"d"(9m%4c&"(w5s%t"(b#g%'%"w()b(#%v#134r(!w,+&>,*4/$*4l7+=&,*74$l+7=$l*4&45*&' &55),$+*>)5B(F1B("&X(Q9$I9$S7+(74$`:T)$V46)5,=)4,C$O*4&4>*4/$&4($%&'8&,*74$7L$"7+7+&,*745`C$S+))4f77($H8-'*5T*4/$S+78C$dgcEW$3 e9$i9$o8'')+c$"9_"9$q5*&$`a$5*='*l*)($>7==74$5,7>;$6&'8&,*74$=7()'`c$o*4&4>*&'$a4&']5,5$i78+4&'w(^),)=-)+_p>,7-)+$dgjz9!'

41 4. tabula. MFI procentu likmes nefinanšu sabiedrībām no jauna izsniegtajiem kredītiem LY"DRr(or(CRQ%$(>31'9$r(>S:($M"&#%4(19&#cS'"$.O O 8.%J($>()".D+)"':,1-&)P /E7D"344NK"IK""7+H+J%$J 344N 344N 344N 344N 344N 344N 344M 344M 344N 344N Aa/K (:IK )+'-K &1-K,&CK 7+HK A(,CK 7+HK )+'-K,&CK O<;"($D7+C:J:"'%&H+,-:"/$1J+) G%2#"T3($"C#%D&XC3(C"13(9&Sf#3(19'"(D%C%'"("'V#134# JB-K JB=, JB-H JB=, JB-K JB)K I*- I-. I.. I., d#qd%m34#(%2#"t3($"c#%d&xcr4(vxdq(.(4#vnb(%3&9 "&(4"#XY9(>&9:%'3(V#14#(3("&(>&9:%'3(V#14%$ D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4 =B,) =B,) -B-* =B,. =B,. -B*H IH* I= I. I- "&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3 #VYR13(>"&(J(Y"D#%4 =B+H =BK. =BK, =B+J =BJJ =B== IK. I-K I)+ I.. d#qd%m34#(%2#"t3($"c#%d&xcr4w(13&#(>r&$#%dq(.(4#vnb(%3&9 "&(4"#XY9(>&9:%'3(V#14#(3("&(>&9:%'3(V#14%$ D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4 -B,- )B*H -B,, )B*H )B*J -B,J I+H I+ J I., "&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3 #VYR13(>"&(J(Y"D#%4 =B-. =B.H =B-. =B.* =B.J =B,+ I=H I)H I)J I* 8('$/7'&)-+>$ -(4S%T3("3D"$('#&Y3$(>&9:%'3(V#14% )B.) )B.. )B.) )B.J )B.K )B.K I++ ) J, Z"VDXC"$()(Y"D3(9CV#YR:#N3(>%g\"$(V#14% )BK, )BJ- )B+, )B=K )B=. )B-+ I)H I)) I)= IJ Z"VDXC"$(J(Y"D3(9CV#YR:#N3(>%g\"$(V#14% -B=* -B-- -B-J -B.H -B,H )B*- I=K I++ I=) I.J dm9'$?(pubb.o(fr19'("&(),,-b(y"d"(d%:%4c&#w(>s:($m"&#%4(19&#cs'r$(5/e(>&9:%'3(v#14%$('#%1(">&sf#r'"$w(#q4"'9n9'(m"v$'3($m"&3$w(19(m%#d9(n"39 D"&XN343(">N943(.)(4S%T3(4"#XY"#$(M#DSN"#$(&RDX'RN$B(E%>&#%1TSNR(>%&#9DRW(9(),,-B(Y"D"(N"MR&"(VXDQ(9M%4C&#4W(>S:($M"&#%4(19&#cS'R$ 5/E( >&9:%'3( V#14%$( ">&Sf#R'"$W( #Q4"'9N9'( M"V$'3( $M"&3$W( 19( M%#D9( ),,-B( Y"D"( N"39( D"&XN343( ">N943( M#DSN"#$( &RDX'RN$B( FX1R13 #29&4R:#N3($1B(),,=B(Y"D"("3Y3$'"(w5S%T"(b#g%'%"w(#%V#134R(A4&']5*4/$QOV$*4,)+)5,$+&,)5$&,$,T)$)8+7$&+)&$')6)'B 4"1&9%1994#$1#%4(T91#%4B(`3&1VR'(Q#R4"(#M%$'9&3(wDQXT"R$(>S:(V"CR1"$(>%g\"$wW(#%$>SN"4$W M%#:#RN"(3Q\S4343(9CV#YR:#N3(#%%$XY34"(V#14N3($'"&>XC3($"4"Q#RT"9$B!9'S'9( 1">#'RV"( MS&'$>">X&3( &%RVR$( #Q4"1$"$( "&X( %D"3DQ( $"&31"W( D"gSN#( 194>%$SN9'( -B( :%'3&1$X MS&9'9(1R>343B(`9(9'%#:"(V"CMSVXYR1"$(9&#$%$(%3&9(Q9"$("1:#N3('#&Y9$B 5. ielikums TIRGUS PROCENTU LIKMJU IETEKME UZ MFI AIZDEVUMU PROCENTU LIKMĒM KOPŠ EMS TREŠĀ POSMA SĀKUMA G"3D"$(3(1">#'RV"('#&Y3(9&#$S4(#&('%D%:%(#%'%14S'(C"13("#QD%M343(>&9:%'3(V#14%$ "&( %V#%V3( 19&#cSN9T3( "#Q1"MST"9$B. ( F"M31R&'( C"13( "#QD%M343( >&9:%'3( V#14N3 >R&4"#\"$( #&( $M"&XY$( 49%'R&R$( >9V#'#1"$( '&"$4#$#N"$( >&9:%$"( "$>%1'$W( N9( 'R$( #%'%14S 2#"$ST""$(9$":XN343$(3('RDSNRD#("&X(#QD%M343(VS4343$("''#%:XCR(3Q(#%Y3VDXN34#%4W 1"$($"#$'X'#(3(1"$("M($"#$'X'#("&(4RN91V#W(1R("&X(>"'S&#\3W(1"$(Y"V3(Y"VR(#%'%14S(:%"$(3 >&9D31:#N"$(#QV"#D#B(p"NR(#%V#134R(>S'X'$W(1R("3D"$(3(1">#'RV"('#&Y3(">$'R1g#(#%'%14SN3T# C"13( "#QD%M343( >&9:%'3( V#14%$( V"#1R( 9(.***B( Y"D"( N"MR&"( VXDQ( ),,=B( Y"D" D%:%4C&#4B 8SDSN9(D#M3(Y"D3(""VXQ%(C"V$'X'"(3Q(N"39($"$1"\9'9($'"'#$'#13(>"&(5/E(N"39(D"&XN343 >&9:%'3( V#14S4( L>#%%N"4"( 19>T( ),,-B( Y"D"( N"MR&"OB( 8%&#9D"4( 9(.***B( Y"D"( VXDQ ),,)B(Y"D"4(#Q4"'9'"$(%$"$1"\9'R$(4"Q"(3(M#DSN"(">N94"(D"&XN343(>&9:%'3(V#14%$B. FX1R1($1BW(>#%4S&"4W(PUb(),,)B(Y"D"(>R&$1"'"(-B(#%V#1343(:T)$(),)+=*4&,*74$7L$-&4;$')4(*4/$+&,)5$*4$,T)$)8+7$&+)&B ")

42 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises `3&1VR'(>%&#9D$(9(.***B(Y"D"(N"MR&"(VXDQ(),,,B(Y"D"(D%:%4C&#4(">V[19'$("'$%M#Tf#W(V"# \%4'3(MS&R(2"1'3W(1"('#&Y3$(>&9:%'3(V#14%$(),,,B(Y"D"(C%#YR$(C#N"($"$#%Y3T"$("3Y$'R19 >31'3B( p#$( >SDSN"#$( ">"1T>%&#9D$( #&( %D"3DQ( 4R1$VXY$W( N9(.***B( Y"D"( D"a9$( >#&4"N9$ 4S%T9$(V#%VR1R(D"g"('#&Y3$(>&9:%'3(V#14N3($"4"Q#RNR$B 8%&#9DR(9(),,-B(Y"D"(N"MR&"W(>"&(13&3(#%$>SN"4$(M%#1'(>&%:XQR13(""VXQ#W(M#$"$(5/E(9 N"3"(#Q$#%Y'9(1&%DX'3(>&9:%'3(V#14%$($"&31"B(!&"$R1R(V%N3>$VXD%W(1"$(>R&$#%DQ"('#&Y3$ >&9:%'3( V#14N3( 1&#'343W( C#N"( MS&9N"4"( =2<5&*=4*)>.-2=$ =2<7;3&$ *)/2()*$ $%Y4%'RW( 1R( "&X( $>S:XYR$( 4RN91g3( '#&Y3$( D#"4#1"$( &%Q3V'R'R( #Q&"#$X'R( ;#>9'%1R&R 9D&9T#RN34"(MS&'XC"$(>"V#%V#RT"R$(M"#&R1R$(M"V$'X$(L$1B("&X(>SDSNR(C"13(1&%D#'ST""$ ">$%19N34"(&%Q3V'R'3$OB ) (E%>&#%1TSN9$(>%&#9D9$W(>"&(13&#%4($"VXDQ#RN34$(M"&(C['('#1"# 9&#%'SN9T$W( N9( "''#%:XYR$( 4"Q"( 3( M#DSN"( ">N94"( D"&XN343( >&9:%'3( V#14%$( '#1" "''#%:#R'"$(3Q(M#$3('%&4#\3("#QD%M34#%4W("#QD%M343(4RN91g"(#%YRD%#(>&9:%'3(V#14%$ 4"#XNR$W(C['#$1#(&%"cSN9'(3Q('#&Y3$(>&9:%'3(V#14N3(>R&4"#\R4(%"'1"&XY#(9('RW(M"#(C#N" MS&9N"4$('#&Y3$(>&9:%'3(V#14N3(1R>34$(M"#(1&#'34$B!9>T(),,-B(Y"D"($R134"("&X(5/E(4)L*4&418$5&-*)(+.-2=$*@54*)/,7$&*@()68=8(X$'%&4#\" >&9:%'3( V#14N3( $"&3134"4( C#N"( '%D%:%( >R&$#%Y'( -( 4S%T3( P]eEble( 1&#'343W $"M31R&'(5/E(#VY'%&4#\"(>&9:%'3(V#14%$(Y"VM%91R&'($"4"Q#RNR$('RDR(>"TR(">N94R(1R M"VDXC"$(J(3(.,(Y"D3(9CV#YR:#N3(>%g\"$(V#14%$B(!9>T(),,-B(Y"D"($R134"(5/E(%2#"T3 ) F1B(),,JB(Y"D"(2%C&3R&"(w5S%T"(b#g%'%"w(.B(#%V#1343(:T)$+)58',5$7L$,T)$I&48&+]$EFFG$-&4;$')4(*4/$58+6)]$L7+$,T)$)8+7$&+)&9 MFI procentu likmes no jauna izsniegtajiem kredītiem L>%&#9D"(C%#YR$r($%Q9RV#(%#QVXDQ#R'#(3("'C#V$'9T#(D"&C"D#%3($1"#'"4(%19&#cS'#(D"'#O 8.%J($>()".D+)"':,1-&),&"RgggK"I(7("A(,CK,&"3444K"I(7("A(,CK,&"3444K"I(7("A(,CK /E7D"3444K"I(7("7+HK """""/E7D"3444K"I(7(""7+HK /E7D"3444K"I(7(""7+HK 6$D7+C:J$",+F$,(,@:")($+7%E.J "O("&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4..) I.), I ((C"13(9&Sf#3(19'"(D%C%'"("'V#134# I I I*- (("&(4"#XY9(>&9:%'3(V#14#(3("&(>&9:%'3(V#14%$ (( D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4 I I IK= CO("&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(#VYR13(>"&(.(Y"D3.=. I... I (( "&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(.qJ(Y"D# I I I=- (( "&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(#VYR13(>"&(J(Y"D#%4 I I IJJ 6$D7+C:J$"J.A)($J,$+HE.J "O(>"'S&#\"4 J+ I+. I ((C"13(9&Sf#3(19'"(D%C%'"("'V#134# I I I-+ (("&(4"#XY9(>&9:%'3(V#14#(3("&(>&9:%'3(V#14%$ (( D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4 I I I=K (("&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(#VYR13(>"&(.(Y"D3 I I IK= CO(4RN91g"(#%YRD%# I.-- I.-- I ( "&(4"#XY9(>&9:%'3(V#14#(3("&(>&9:%'3(V#14%$ (( D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4 I I I*) (( "&(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(#VYR13(>"&(J(Y"D#%4 I I IH= 8('$/7'&)-+>$ -(4S%T3(P]eEble.K* I.** I++ Z"VDXC"$()(Y"D3(9CV#YR:#N3(>%g\"$(V#14%.K+ I.*, I)H Z"VDXC"$(J(Y"D3(9CV#YR:#N3(>%g\"$(V#14%.J) I..* I=K Z"VDXC"$(.,(Y"D3(9CV#YR:#N3(>%g\"$(V#14%.)J I++ IJH dm9'$?(pubb 8#%QX4%B(G9(.***B(Y"D"(VXDQ(),,)B(Y"D"4(D"'#("''#%:"$(3Q(4"Q"(3(M#DSN"(">N94"(D"&XN343(>&9:%'3(V#14S4r(9(),,-B(Y"D"(D"'#("''#%:"$(3Q 5/E(>&9:%'3(V#14S4W(1"$((#&("&($M"&#%4(19&#cS'"$B(FX1R13(#29&4R:#N3($1B(),,=B(Y"D"("3Y3$'"(w5S%T"(b#g%'%"w(#%V#134R(A4&']5*4/$QOV *4,)+)5,$+&,)5$&,$,T)$)8+7$&+)&$')6)'B "(

43 $"C#%D&XCR4(#Q$#%Y'9("#QD%M343W(X>"T#(X$'%&4#\"("#QD%M343W(>&9:%'3(V#14N3(V%N3>$VXD% M"&S'3( "'$>9Y3g9'( '9W( 1"( 5/E( %$%( $"4"Q#RN"( 1&%DX'3( &#$1"( >&S4#N"$W( \%49'( MS&R %2#"T3($"C#%D&XC3(&%'"C#V#'R'%$(3QV"C9T"9$(3(C#V"u3(>R&$'&31'3&ST""$(:%'#%3$ L$1B("&X()B+B($"D"g3OB(`3&1VR'(D"a"$(9MSV9'"$(#%>&#%1TSNR('#&Y3$(>&9:%'3(V#14N3(1&#'34" 19&%1:#N"$W - ( 1"$( $"#$'X'"$( "&( >"&"$'3( #%'%14%$( 3Q( "#QD%M343( >&9:%'3( V#14S4 "#Q1"MST"9$W( ( "&X( M"&SN"( #Q&"#$X'( MSV( 1&"$R13( 5/E( >&9:%'3( V#14N3( 1&#'343( 19>T ),,-B(Y"D"(N"MR&"B(p9(M#%D91V#(">V#%:#"(MS&9N34$W(1"(>"YR'S(4"Q"(3(M#DSN"(">N94" D"&XN343( >&9:%'3( V#14%$( %2#"T3( $"C#%D&XCR4( #Q$#%Y'"N#%4( "#QD%M34#%4( 4"#XNR$ 4"QR1(%1R('#&Y3$(>&9:%'3(V#14%$W(9&RD9'W(1"(M"#&R13(#%4%$V3W(>#%4S&"4W(1V#%'3(3 C"13("''#%:XC3W(DSg("3Y9T3(M"#(1&X'9T3(>&9:%'3(V#14N3(>9$49$(C"1"$('#1"#(>"1R>%#$1# 19&#cS(T9("#QD%M343(>&9:%'3(V#14%$B!9>T(),,-B(Y"D"(N"MR&"("&X(X$'%&4#\"(5/E(=2<5&*=4*)>.-2=$*@54*)/,7$&,?+*J&$;+)(.,8 >&9:%'3( V#14%$( 19>34R( $"&31"W( C%'( #%MS&9N"4#( 4"QR1R( ">N94R( %1RW( >#%4S&"4W -(4S%T3( P]eEbleB( 8SDSNR( C"13( 1&%D#'ST""$( ">$%19N34"( &%Q3V'R'#( V#%:#"W( 1" 1&%D#'ST""$($'"D"&'#W(V"#(Y"('9(>&"$XC"$(>"1R>%#$1#(1g[$'(4"QR1($'#Y&"$W(N9>&9NR4 M"&S'3( "'$>9Y3g9'( C"13( %Y"'XM9$( >#%\S4343$( "''#%:XCR( 3Q( >"'S&S'RN3( 1&%DX'$>SN3B Z#%V"#13$(NR"'QX4SW(1"(>"'S&#\"(1&%DX'3(>&9:%'3(V#14N3(D#"4#1"(C#N3$#(g9'#(VS"("&X "Y&R1B( 8#%4S&"4W( "C9$( ">"1T>%&#9D9$W( 1"$( $R1R$(.***B( Y"D"( N"MR&X( 3( ),,,B( Y"D" D%:%4C&XW( >"'S&#\"( 1&%DX'"( 4"Q"( 3( M#DSN"( ">N94"( D"&XN343( >&9:%'3( V#14%$( 4"#XNR$ '#1"#( 4"QV#%'( $"VXDQ#RN34R( "&( X$'%&4#\"( 3( M#DSN"( '%&4#\"( '#&Y3$( >&9:%'3( V#14N3 >R&4"#\R4B( `3&>&%'X( 5/E( 4RN$"#4#%:XCR4( #Q$#%Y'9( #VY'%&4#\"( >"'S&#\"( 1&%DX'3 >&9:%'3( V#14%$( 19>T( ),,-B( Y"D"( N"MR&"( $"4"Q#RN3TR$( M"#&R1( %1R( '#&Y3$( >&9:%'3 V#14%$( L>#%4S&"4W( M"VDXC"$(.,( Y"D3( 9CV#YR:#N3( >%g\"$( V#14%$OB( px( '%D%:%( M"&S'3 "'$>9Y3g9'( '9W( 1"( #VYR1"( '%&4#\"( >"'S&#\"( 1&%DX'#( M#$4"Q( D"aR$( M"V$'X$( #&( M"#&R1 9D&9T#R'#W('RDSNRD#($"4"Q#9'(1&%DX'&#$1"(">$MS&343$B!9>34R( ">V[19N9'( >%&#9D3( 9(.***B( Y"D"( VXDQ( ),,=B( Y"D"4W( %2#"T3( $"C#%D&XCR4 #Q$#%Y'9( "#QD%M343( >&9:%'3( V#14%$( #%MS&9N"4R( 4S&RW( C%'( "&( %V#%V3( 9MSV9T"9$ "'$>9Y3g9N"( '#&Y3$( >&9:%'3( V#14N3( >R&4"#\"$B( 5RN$"#4#%:XCR4( #Q$#%Y'9( "#QD%M343 4RN91g"( #%YRD%#( >&9:%'3( V#14%$( M#%9'R$( 49%'R&R$( >9V#'#1"$( >#&4"N9$( Y"D9$( D"3DQ :#%TR1($%19N"('#&Y3$(>&9:%'3(V#14N3('%D%:%#W(C%'(>SDSNR(V"#1R("3Y9T3(4RN91g"(:%3(3 $>S:XYR1"$(1913&%:%$(">$'R1g9$('R$($"&31"(D"3DQ(4"QR1(%1R('#&Y3$(>&9:%'3(V#14%$B _#%VR1R( D"g"( 4RN$"#4#%:XCR4( #Q$#%Y'9( >"'S&#\"( 1&%DX'3( LM#$4"Q( X$'%&4#\"O( >&9:%'3 V#14N3W( &%"csn9'( 3Q( '#&Y3$( >&9:%'3( V#14N3( >R&4"#\R4W( MSV( %$%( $"YV"CRN"( g9'#( VS3 D#"4#13B - 8#%%N"43$(%4>X&#$13$(D"'3$($1BW(>#%4S&"4W(S9$()$#74(,C$`e),&*'$-&4;$*4,)+)5,$+&,)$&55_,T+78/Tk$4)f$)6*()4>)$&,$,T)$)8+7$&+)&$')6)'`C!"#$b7+;*4/$H&)+$M7$d[cC$A+*'$EFFE9 "*

44 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises FINANSĒJUMA PLŪSMAS!R( V#%:#"( 3Q\S4343( >%g\"$( "''X$'XC"$ '%D%:%$W( ),,=B( Y"DR( %2#"T3( $"C#%D&XC3 #%1TSNR( 2#"$SN34"( $>SN"$( C['#$1#( 3QV"C9NR$B 8#%4S&"4W( X7f$ I74)5$!meP$ ^:Pnn( #D%1$" V#%VR19( 3Q\S4343( >%g\"( $'"C#V#QSN3$#%$( &%V"'XM# "3Y$'R( VX4%X( L$1B( )BJB( $"D"g3( w!">#'rv" MS&'$>">X&3( '#&Y#wOB( `3&1VR'( C&3'9( >%g\"$( >#&4$ 9D91g3(3B:B(4"1$RN34#%4(3QV"C9T"R$(>SDSN9$ :%'3&1T\9$(9&RD"W(1"(%3&9(Q9"$(3Q\S434#%4 M"#&R1(>#%%N"4#(#%1TSN#%(VXDQ%1g#B(`"$W(#%$>SN"4$W 4"Q#RN#$( %2#"T3( $"C#%D&XC3( %>#%:#%T"4XC3 >"g"3'#%$( 3Q( R&SN9( 2#"$SN343B( `R( 1R #%Y3VDXN343( 1R>34"( '%4>$( C#N"( VSR1$W 2#"$SN34"( $'"&>XC"( L19( 19>34R( &"1$'3&9 $'"&>XC"( $'"&>( C&3'9( 3Q1&RN34#%4( 3( 19>SN9 >"4"'1">#'RV"( M%#D9T"3r( $1B( "&X( ),,=B( Y"D" D%:%4C&"(w5S%T"(b#g%'%"w(=B(#%V#1343(wP3&9 Q9"$( %2#"T3( $"C#%D&XC3( 2#"$ST""$ 9$":XN34#wO(%D"3DQ($"4"Q#RNR$B 25. attēls. Nefinanšu sabiedrību obligāciju ienesīguma likmju starpība LCRQ%$(>31'#r(4S%T"(M#DSN#%(D"'#O nefinanðu sabiedrîbu (ar reitingu AA) euro denominçtâs obligâcijas (kreisâ ass) nefinanðu sabiedrîbu (ar reitingu A) euro denominçtâs obligâcijas (kreisâ ass) nefinanðu sabiedrîbu (ar reitingu BBB) euro denominçtâs obligâcijas (kreisâ ass) augsta ienesîguma obligâcijas (labâ ass) _"#(Y"(%2#"T3($"C#%D&XC3(R&SN"#$(2#"$SN34$ 19>34R( $"YV"CRNR$( 4S&%$W( ),,=B( Y"D" =B(:%'3&1$X( %2#"T3( $"C#%D&XC3( >"&RD" 2#"$SN34$( %D"3DQ( >"V#%V#RNR$B( j>"t#( 5/E "#QD%M343( >&#MR'"N"4( $%1'9&"4( Y"D"( 1R>34" '%4>$( =B( :%'3&1$X( >#%"3Y"( VXDQ( JB=o L-B(:%'3&1$X( q( =BJor( $1B( JB( '"C3V3OB( n"3r1#% 4S%T"( D"'#( V#%:#"W( 1"( ),,JB( Y"D"( N"MR&X( T#$ >#%"3Y34"( '%4>$( '3&>#RN"( >"V#%V#R'#%$( VXDQ dm9'#?(:t7=574$o*4&4>*&'$x&,&5,+)&=(3(q)++*''$y]4>tb 8#%QX4%B( G%2#"T3( $"C#%D&XC3( 9CV#YR:#N3( #%%$XY34"( V#14N3 $'"&>XC"('#%1(">&Sf#R'"($"VXDQ#RN34R("&(ddd(&%#'#Y"(M"VDXC"$ 9CV#YR:#N3(>%g\"$(V#14S4B JBKoB( `3&>&%'X( %49%'R&9( 2#"T3( $"C#%D&XC3( %4#'S'9( >"&RD"( MS&'$>">X&3( Y"D"( 1R>34"( '%4>$ =B(:%'3&1$X($"&31"(VXDQ(-B-o(L-B(:%'3&1$X(q(-B*oOB(pX("'Tf#&XC"(D"aRD3(>"&RD"(2#"$SN34"(M%#D3 #Q4"'9T"R( Q#R4R( 4S&R( M"&( "'$>9Y3g9'( >"1R>%#$13( 1&%D#'ST""$( 9$":XN343( 4X1$'#RT"3( 9 C"13( >3$%$W( 1R( V#%:#"( ),,JB( Y"D"( N"MR&"( C"13( 1&%D#'ST""$( ">$%19N34$B( `RDSNRD#( %2#"T3 $"C#%D&XC"$W(#%$>SN"4$W(M"#&R1(%1R(D"a9$(>SDSN9$(Y"D9$(#Q4"'9N3T"$(C"13("#QD%M343$B(`3&1VR' %2#"T3( $"C#%D&XC3( %V#%V9( %'9( >"&RD"( MS&'$>">X&3( %4#$#N3( >SDSN9( 4S%T3( V"#1RW( #%$>SN"4$W #Q&"#$XN3T#( "&X( &%V"'XM#( "3Y$'#%( DQST""$( ">N94#W( X>"T#( M"#&R1R$( %3&9( Q9"$( M"V$'X$( >S:( '"4W( 1"D #%>&#%1TSN9$(Y"D9$(%4#$#N3(N94R(C#N"(MS&9N"4"(V#%V"("1'#M#'R'%B e3rn9'(>"&(1">#'rv"(ms&'$>">x&3(2#"$sn343(),,=b(y"d"(c%#yr$w(%2#"t3($"c#%d&xc3(%'9(1">#'rv" MS&'$>">X&3(%4#$#N"$(%3&9(Q9R(N9>&9NR4(C#N"(4S&%"$W($"$#%DQ9'(g9'#(Q%49(>SDSN9(D#M3(Y"D3(V"#1R 9MS&9'9( VX4%#B( G%2#"T3( $"C#%D&XC3( %4#'S'9( 19'S'9( "1:#N3( Y"D"( 1R>34"( '%4>$( ),,=B( Y"D" =B(:%'3&1$X( 19>34R( C#N"( $'"C#V$( L,BHor( -B( :%'3&1$X( q(,bkoob(!">#'rv"( MS&'$>">X&3( 2#"$SN34" %V#%V9( #Q4"'9T"3( #Q&"#$XN#$( Y"( &%V"'XM#( Q%4"#$( R&SNR( 2#"$SN34"( >#%>&"$XN34$W( Y"( :#'3 2#"$SN34"("M9'3(g9'#(Q%4R$(#Q4"1$"$B!9>34R('#%1(VS$'$W(1"(%2#"T3($"C#%D&XC3(19>SNR(2#"$SN34"(Y"D"(>#%"3Y34"('%4>$(>"V#%V#RN#%$ VXDQ()BJo(),,=B(Y"D"(=B(:%'3&1$X(L),,=B(Y"D"(-B(:%'3&1$X(q(.B*or($1B(JB('"C3V3OB "!

45 5. tabula. Nefinanšu sabiedrību finansēšana +$I.)2"'(%"1:%: '$++A(J$"7(-$ WJ/A%7K"+:%&S """""""""""""""""""""""""""""""""""""L(7("'$+(:I:J("-+J')"W'.%J($>()P"QS 344M 344N 344N 344N 344N ;T ; ;; ;;; ;T O<;"($D7+C:J$ -(.JJ -BJ -B) =B, =BJ JB= VXDQ(.(Y"D"4 *K= I,BH I)B= I)B. I,BJ )BJ.qJ(Y"D# J=* -B, -B+ +B= +B. +B) #VYR1(>"&(J(Y"D#%4.(+-) +BJ +B* KB) KB) +B* #J$-G-$+"'(%.7("CG%-)'('E%$ +,. *B* +B* -B) -B* -B- X$'%&4#\" *, JB. I.BH )B. -B* I.B= #VY'%&4#\"W(,95;9k.O J...,B* HBH -BJ -B* =B) "&(2#1$S'9(>&9:%'3(V#14# =.H.-B, *B* -B+.B-,BH "&(4"#XY9(>&9:%'3(V#14# H, I.JBK IHBJ I,B. ),BK -)B, #J$-G-.)"1&-G-.)"(1H$A() )( *H=,BH,B*,BH,BK,BH 8('$/7'&)-+>$ 3S!9>SN"#$(2#"$SN34$ K(-H) -B,.BH.BH.B* E9EG d#qd%m34#(%2#"t3($"c#%d&xcr4 -(K,- -B).B+ )B, )B. [ G%2#"T3($"C#%D&XC3(>%$#N3(29D3(&%Q%&M%$ -,- +B, JB* JBH JBH G9hG dm9'$?(pubb 8#%QX4%B(p"NR('"C3VR(L#Q\%49'(>">#VD>9$'%\3$O($#%Y'#(49%'R&R$(3(C"13($'"'#$'#1"$(3(MS&'$>">X&3(%4#$#N3($'"'#$'#1"$(D"'#B(G%V#%V" "'Tf#&XC"(9($#%Y'"N#%4(2#"T3(19'3($'"'#$'#1"$(D"'#%4(M"&(&"$'#%$(Y"VM%91R&'("'Tf#&XY9(MS&'ST""$(4%'9a3(&%Q3V'R'RB.O(/#1$S'R$(3(4"#XYR$(>&9:%'3(V#14%$(MS&'$>">X&3($344"(M"&("'Tf#&'#%$(9(#VY'%&4#\"(>"&RD"(MS&'$>">X&3(19>$344"$W(N9(3VV%$(13>9" #VY'%&4#\"(>"&RD"(MS&'$>">X&#W(13&9$(#%'M%&'$(>R&MS&'ST""$(%2%1'$W(T"NR('"C3VR("M(9&RDX'#("'$%M#Tf#B )O(F#%Y'#(2#"T3(19'3($'"'#$'#1"$(D"'#B(G%2#"T3($"C#%D&XC3(19>SNR(2#"$SN34R(#%'M%&'#("#QD%M34#W(%4#'S'#%(>"&RD"(MS&'$>">X&#W(%4#'S'R$ 19'S'R$("1:#N"$(3(>%$#N3(29D3(&%Q%&M%$B(G%2#"T3($"C#%D&XCR4(#Q$#%Y'#%("#QD%M34#(#%'M%&(5/E(3(:#'3(2#"T3($"C#%D&XC3(#Q$#%Y'9$ "#QD%M343$B(8SDSNR(:%'3&1T\"(D"'3(">VS$%$(M%#1'"$W(#Q4"'9N9'(49%'R&R$(3(C"13($'"'#$'#1"$(3(MS&'$>">X&3(%4#$#N3($'"'#$'#1"$(D"'3$B 6"VM%9( R&SNR( 2#"$SN34"( "M9'3( Y"D"( 1R>34" '%4>$( >"V#%V#RNR$( "&X( &%RVR( #Q'%#1$4S( L$1B )+B("''BOW('"u3($"YV"CRNR$(&%V"'XM#(Q%4$B FINANŠU STĀVOKLIS 5S&%R$( >"&RD"( 2#"$SN34"( >V[$4"$( M%#:#RN" %2#"T3( $"C#%D&XC3( >"&RD"( &RDX'RN3 $"4"Q#RT"9$( >SDSN9( :%'3&1T\3( V"#1RW( V"#( Y" MS$'3&#$1R( $1"'XN34R( '#%( N9>&9NR4( #&( D#%QY" "3Y$'#( L$1B( )KB( "''BOB( `"$( M"&( V#%:#R'( >"&( '9W( 1" 3Q\S434#%4( %Tf#%'W( 1"( $'%#DQ"4#( NR$"4"Q#" >"&RD$W( \%49'( MS&R( >"&RD"( 2#"$SN34"( Q%4R$ #Q4"1$"$B( `#%TR4W( >SDSN9( D#M3( Y"D3( V"#1R '3&>#RN"( $"&31'( %2#"T3( $"C#%D&XC3( >"&RD" ">1"V>9T""$(#Q4"1$"$W(19(9$"1"($'"&>XC"($'"&> $"4"1$R'"N#%4( >&9:%'#%4( >"&( %3&9 D%94#S'"N#%4( 5/E( "#QD%M34#%4( 3 $"\%4'"N#%4(>&9:%'#%4(>"&(%3&9(D%94#S'"N#%4 5/E(9Y3VDXN34#%4(L$1B()HB("''BOB 26. attēls. Nefinanšu sabiedrību finansējuma reālā gada pieauguma tempa struktūra LoO kotçtâs akcijas parâda vçrtspapîri MFI aizdevumi dm9'$?(pubb 8#%QX4%B(e%RVR(Y"D"(>#%"3Y34"('%4>$(D%2#S'$(1R($'"&>XC"($'"&> 2"1'#$19(Y"D"(>#%"3Y34"('%4>3(3(E!8(D%2V"'9&3B ""

46 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 27. attēls. Nefinanšu sabiedrību sektora parāda rādītāji 28. attēls. Nefinanšu sabiedrību neto procentu maksājumi LoO parâda attiecîba pret darbîbas bruto ieòçmumiem (kreisâ ass) parâda attiecîba pret IKP (labâ ass) Lo(9(E!8O dm9'#?(pub(3$!8+75,&,b 8#%QX4%B(^"&CXC"$(C&3'9(#%\S434#('#%1("''#%:#R'#(>&%'(D"&CXC"$ C&3'9( #%\S4343( 3( M#$"$( '"3'$"#4#%:XC"$( 19>SN9( #%R >$3443B( 8"&RD"( D"'#( $#%Y'#( $"$1"\R( "&( 2#"T3( 19'3 $'"'#$'#13B(`"N9$(#%'#V>$'("#QD%M34#W(%4#'S'#%(>"&RD"(MS&'$>">X&#(3 >%$#N3( 29D3( &%Q%&M%$B( d>vs$%$( >"&( >SDSN9( :%'3&1$#( M%#1'"$W #Q4"'9N9'( 49%'R&R$( 3( C"13W( 1R( "&X( MS&'$>">X&3( %4#$#N3 $'"'#$'#$19$(D"'3$B dm9'#?(pub(3(!8+75,&,b 8#%QX4%B(G%'9(>&9:%'3(4"1$RN34#(#&(4"1$R'#%(>&9:%'#(>"&(%3&9 D%94#S'"N#%4(5/E("#QD%M34#%4(4X3$($"\%4'#%(>&9:%'#(>"& %3&9(D%94#S'"N#%4(5/E(9Y3VDXN34#%4B 2.7. MĀJSAIMNIECĪBU SEKTORA FINANSĒJUMS UN FINANSIĀLAIS STĀVOKLIS Y&-6?'./*)$L*4&45?1&4&5$475&>.<8=*$6)*>*42<&$,7C$;&$=2<5&*=4*)>.-8$&*@J?=8=*$EFFZ9$/&(&$Z9$>),8+;54.,8+*42<&$&8/,$/&'6)47;2+,$5&;&+2$&+$=2<7;3&$*)/2()*$&+)(@?,7$&*@()68=8$4)2+,+&8;,7$(*4&=*;89$:&5$6?' 6&*+2;$&'*)'*42<&$=2<5&*=4*)>.-8$5);,7+&$&+2(&$&,,*)>.-8$+),$VKH9 FINANSĒŠANAS NOSACĪJUMI ),,=B(Y"D"(=B(:%'3&1$X(%3&9(Q9"$(4RN$"#4#%:XC3($%1'9&"(2#"$ST""$(9$":XN34#(N9>&9NR4(C#N" V"CMSVXY#B(j>"T#(4RN$"#4#%:XCR4(#Q$#%Y'9("#QD%M343(>&9:%'3(V#14%$(MSV("&M#%(C#N"(MS$'3&#$1#(g9'# Q%4"$B 5/E(X$'%&4#\"(>&9:%'3(V#14%$(N"3#%4("#QD%M34#%4(4RN$"#4#%:XCR4W(19(9$"1"(>&9:%'3(V#14% >"'S&#\"(1&%DX'#%4("&(4"#XY9(>&9:%'3(V#14#(3(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3(VXDQ.(Y"D"4(3(>&9:%'3(V#14%(1&%DX'#%4(4RN91g"(#%YRD%#("&(4"#XY9(>&9:%'3(V#14#(3(>&9:%'3(V#14%$ D"&CXC"$($R19'SN9(>%&#9D3(VXDQ(.(Y"D"4W(=B(:%'3&1$X(19>34R(C#N"($'"C#V"$(L$1B()*B("''BOB(Z#%V"#13$ 5/E( #VY'%&4#\"( >&9:%'3( V#14%$W( 19( 9$"1"( >&9:%'3( V#14%( 4RN$"#4#%:XCR4( #Q$#%Y'"N#%4 1&%DX'#%4( "&( >&9:%'3( V#14%$( D"&CXC"$( $R19'SN9( >%&#9D3( Jq.,( Y"D#W( =B( :%'3&1$X( '3&>#RN" $"4"Q#R'#%$(M"#&R1(%1R(>"&(-,(CRQ%$(>31'#%4B(5/E(X$'%&4#\"(3(#VY'%&4#\"(>&9:%'3(V#14N3(3 $"VXDQ#R43('#&Y3$(>&9:%'3(V#14N3($'"&>XC"$(=B(:%'3&1$X(19>34R(C#N"($'"C#V"$B(JB(#%V#134R($#%Y'$ #VYR1"('%&4#\"($1"'XN34$(>"&(5/E(4RN$"#4#%:XCR4(#Q$#%Y'9("#QD%M343(>&9:%'3(V#14N3(9&#$S4 3(">N943W(1RDR('R$("'$>9Y3g9('#&Y3$(>&9:%'3(V#14N3(>R&4"#\"$B "#

47 FINANSĒJUMA PLŪSMAS F"$1"\R("&(N"3R1"N#%4(:%'3&1T\"(2#"T3(>R&$1"'3(D"'#%4(19>SN9("#QD%M343W(19(4RN$"#4#%:XC3 $%1'9&"4(#Q$#%Y3T"$(M#$"$(2#"T3(#%$'RD%$W(Y"D"(1R>34"('%4>$(),,=B(Y"D"(-B(:%'3&1$X(C#N"(HB)oB 59%'R&R$( 3( C"13( $'"'#$'#1"$( #29&4R:#N"( V#%:#"W( 1"( =B( :%'3&1$X( T#$( Y"D"( >#%"3Y34"( '%4>$ N9>&9NR4(C#N"(">'3M%#(HoB 5RN$"#4#%:XC3(2#"$SN34"(%>R&'&"31'9($>S:XY9(#Q"3Y$4#(Y"VM%91R&'(9'%#:"('%D%:%$("''#%:XCR 3Q( 5/E( #Q$#%Y'"N#%4( "#QD%M34#%4W( 13&3( Y"D"( 1R>34"( '%4>$( =B( :%'3&1$X( C#N"( KBHoB(!9>T ),,)B(Y"D"(C%#YR4(19>SN9(4RN$"#4#%:XCR4(#Q$#%Y'9("#QD%M343(Y"D"(>#%"3Y34"('%4>$(#%MS&9N"4# >R&$#%DQ#$( 5/E( "#QD%M343( 1R>343W( "'$>9Y3g9N9'( :#'3( 2#"T3( #%$'Ra3( LU/EO( 4RN$"#4#%:XCR4 #Q$#%Y'9( "#QD%M343( #VY$'9T9( >#%"3Y34"( '%4>3( $"#$'XCR( "&( M"#&R1R$( %3&9( Q9"$( M"V$'X$( M%#1'9 4RN$"#4#%:XC3( ;#>9'S13( 1&%DX'3( >R&MS&T"3( MS&'$>">X&9$B( `94S&( >SDSN9( :%'3&1T\3( V"#1R( U/E "#QD%M343(D#"4#1"(4RN$"#4#%:XC3(2#"$SN34RW(Tf#%'W(%D"3DQ(4"Q#RN3$#%$(L$1B(-,B("''BOB ),,=B(Y"D"(=B(:%'3&1$X(5/E(4RN$"#4#%:XCR4(#Q$#%Y'9("#QD%M343(1R>34"('%4>3(N9>&9NR4(9'%#:" '3&>4R1"#$($>S:XY"#$(5/E(4RN91g"(#%YRD%#(#Q$#%Y'9("#QD%M343(>#%"3Y34"('%4>"(1R>34$(L.,B,o D%:%4C&Xr($%>'%4C&X(q(*BHoOW(19(M%#:#RN"(V"CMSVXY#(2#"$ST""$(9$":XN34#W(>"$'RM9'(D#"4#$1#%4 4RN91g3( '#&Y#%4( M"#&R1R$( %3&9( Q9"$( M"V$'X$B( `9( ">$'#>&#"( C"13( 1&%D#'ST""$( ">$%19N34$W( 1"$ V#%:#"(>"&(>#%"3Y9T3(%'9(>#%>&"$XN343(>S:("#QD%M34#%4(4RN91g"(#%YRD%#(=B(:%'3&1$X(Y"VM%91R&' 'R>S:W( 1"( 1&%DX'\S4SN#( MSV( "#QM#%( 3Q$1"'"W( 1"( 4RN91g3( '#&Y3$( #Q&%DQ%$( 3QV"C9N"$B( 5/E( 4RN91g" #%YRD%#(#Q$#%Y'9("#QD%M343(1R>34"('%4>"(L.,B.oO('%D%:%('3&>#RNR$(),,JB(Y"D"(N"MR&XB 29. attēls. MFI procentu likmes mājsaimniecībām izsniegtajiem kredītiem 3. attēls. Mājsaimniecībām izsniegto kredītu kopapjoms LY"DRr(or(N"39(D"&XN343(>&9:%'3(V#14%$r(>S:($M"&#%4(19&#cS'"$.O O patçriòa kredîti mâjsaimniecîbâm ar mainîgo procentu likmi un ar procentu likmes darbîbas sâkotnçjo periodu lîdz 1 gadam aizdevumi mâjsaimniecîbâm mâjokïa iegâdei ar mainîgo procentu likmi un ar procentu likmes darbîbas sâkotnçjo periodu lîdz 1 gadam aizdevumi mâjsaimniecîbâm mâjokïa iegâdei ar procentu likmes darbîbas sâkotnçjo periodu 5 1 gadi I II III 23 IV I II III 24 dm9'$?(pubb.o( FR19'( "&( ),,-B( Y"D"( D%:%4C&#W( >S:( $M"&#%4( 19&#cS'R$( 5/E >&9:%'3(V#14%$('#%1(">&Sf#R'"$W(#Q4"'9N9'(M"V$'3($M"&3$W(19 M%#D9( N"39( D"&XN343( ">N943(.)( 4S%T3( 4"#XY"#$( M#DSN"#$ &RDX'RN$B( E%>&#%1TSNR( >%&#9DRW( 9( ),,-B( Y"D"( N"MR&"( VXDQ 9M%4C&#4W( >S:( $M"&#%4( 19&#cS'R$( 5/E( >&9:%'3( V#14%$ ">&Sf#R'"$W(#Q4"'9N9'(M"V$'3($M"&3$W(19(M%#D9(),,-B(Y"D"(N"39 D"&XN343(">N943(M#DSN"#$(&RDX'RN$B IV LY"D"(>#%"3Y34"('%4>$r(or(X>"'$M"&$(>&9:%'3(>31'9$O aizdevumi mâjsaimniecîbâm mâjokïa iegâdei (îpatsvars) patçriòa kredîti mâjsaimniecîbâm (îpatsvars) citi MFI aizdevumi (îpatsvars) MFI aizdevumu kopsumma aizdevumu kopsumma (MFI + CFI) dm9'$?(pubb 8#%QX4%B(),,=B(Y"D"(=B(:%'3&1$X("#QD%M343(19>$344"$(L5/E(< U/EO(">VS$%$(M%#1'"$W(#Q4"'9N9'(49%'R&R$(3(C"13($'"'#$'#1"$ #29&4R:#N3(>"&(D"&XN34#%4B "$

48 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises 8"'S&#\"( 1&%DX'3( Y"D"( >#%"3Y34"( '%4>$ ),,=B(Y"D"( D%:%4C&X( $"4"Q#RNR$( VXDQ( JBHo L$%>'%4C&X( q( +B)oO( >S:( '"4W( 1"D( #%>&#%1TSN9$ :%'3&1T\9$(C#N"(MS&9N"4$('R(1R>34$B(8R&SN9(5/E 4RN$"#4#%:XCR4( #Q$#%Y'9( 1&%DX'3( M%#D3( Y"D" >#%"3Y34"( '%4>$( L.BKoO( D%:%4C&X( $"YV"CRNR$B F"$1"\R( "&( C"13( 1&%D#'ST""$( ">$%19N34" D"'#%4( >"'S&#\"( 1&%DX'3( 3( :#'3( 1&%DX'3( M%#D3 %'9( >#%>&"$XN34"( $"4"Q#RT"R$W( 19( C"1"$ 9&RDXN3T"$(),,=B(Y"D"(=B(:%'3&1$XW("''#%:#R4$ 3Q( Q%4R13( >"'S&S'RN3( 192#D%:#( 3 4RN$"#4#%:XC3(3Q1&RN343(3QV"C9T"9$B(n"MR&X "C3( 4#S'9( "#QD%M343( M%#D3( Y"D"( >#%"3Y34" '%4>$( #%MS&9N"4#( >"V#%V#RNR$( q( VXDQ( +BHo >"'S&#\"( 1&%DX'#%4( 3( VXDQ( )B-o( :#'#%4( 1&%DX'3 M%#D#%4B FINANŠU STĀVOKLIS F%19N9'(%>R&'&"31'"#W($>S:XY"#(4RN$"#4#%:XC3 "#Q\S4343( D#"4#1"#W( 4RN$"#4#%:XC3( >"&RD" "''#%:XC"( >&%'( E!8( '3&>#RN"( "3Y'W( ),,=B( Y"D" 31. attēls. Mājsaimniecību parāda attiecība pret IKP LoO dm9'$?(pubb 8#%QX4%B(^"'3(">VS$%$(>"&(>"&RD$"#$'XCR4(),,=B(Y"D"(=B(:%'3&1$X M%#1'"$W(#Q4"'9N9'(49%'R&R$(3(C"13($'"'#$'#1"$(#29&4R:#N3 >"&(D"&XN34#%4B(F"VXDQ#RN34R("&(Y"D"(2#"T3(19'#%4(>"&RD" "''#%:XC"( >&%'( E!8( #&( %D"3DQ( Q%4R1"( $"$1"\R( "&( :%'3&1T\" 2#"T3( 19'#%4( Y"VM%91R&'( 'R>S:W( 1"( "M( #%1g"3'#( %2#"T3 $%1'9&3(3(R&>3$(%3&9(Q9"$(%$9T9(C"13(#Q$#%Y'#%("#QD%M34#B =B(:%'3&1$X( $"$#%DQ9'( M"#&R1( %1R( JJo( L$1B( -.B( "''BOB( px( #Q"3Y$4%( &9$#"( N"3'RN343( >"& 4RN$"#4#%:XC3(>"&RD$"#$'XC3(>"T&%#QSNR(VX4%\"(#VY'$>SN3(q(9MSV9'3(V#%:XC3(>"&('9(1R("'>"V#%19T"#$ &RDX'RN$($#%DQ(D"'#(>"&(#%R1343$(%%$9T"N#%4(1&%DX'#%4(L$1B(+B(#%V#1343OB(`94S&('#%1(VS$'$W(1" 4RN$"#4#%:XC3( $%1'9&"( 19>SNR( >"&RD3( "'4"1$"$( L'B$1B( >&9:%'3( 4"1$RN34#( 3( >"4"'$344"$ "'4"1$"O("''#%:XC"(>&%'(#Q4"'9N"4#%4(#%R134#%4(19>34R(C#N3$#($'"C#V"(19>T(),,,B(Y"D"W(\%49' MS&R(MS$'3&#$1#(Q%49(>&9:%'3(V#14N3(M#D#B 6. ielikums EURO ZONAS MĀJSAIMNIECĪBU PARĀDA UN IENĀKUMUS NENESOŠO KREDĪTU TENDENCES!9>T(),B(Y$B(*,B(Y"D3(C%#YR4(%3&9(Q9R(C#N"(MS&9N"4"($'&"3N"(4RN$"#4#%:XC3(>"&RD" 3Q1&RT"R$B(),,=B(Y"D"(=B(:%'3&1$X(19>SNR(4RN$"#4#%:XC3(>"&RD"("''#%:XC"(>&%'(E!8(C#N" %D"3DQ( M#&$( JJo( q( ">'3M%#( >"&(.,( >&9:%'3( >31'#%4( "3Y$'R1"( %1R(.**HB( Y"D" $R134RB( d3y$'r1"( >"&RD"( "''#%:XC"W( g9'#( #%$>SN"4$W( >"V#%V#R$( #%R1343( M"#( >&9:%'3 V#14N3(T913(#%'%14#(3Q(4RN$"#4#%:XC3(C#V":S4(3(>"&RD$"#$'XC3(#Q>#VD#B(`R(1R(>"&RD" >"V#%V#RN34$( Y"VM%91R&'( "'$>9Y3g9( $>S:XY3( ;#>9'%1R&R$( 2#"$ST""$( 1R>343 D#"4#$13( 4RN91g"( '#&Y3( ">$'R1g9$W( TRD#( >"V#%V#9T#( 2"1'9&#( M"&( >"&RDX'#%$( "&X( 1&"$3 4RN91g3(:%3(>R&4"#\3(&%Q3V'R'R(3('RDSNRD#(q("&X(9D&9T#RN34"(MS&'XCRB(p913(19'%1$'R "3Y$'R1$( >"&RD"( VX4%#$( 9QX4S( V#%VR13( &#$13W( 1"( 4RN$"#4#%:XCR4( C[$( >&9CVS4"$ >"&RD$"#$'XC3(#Q>#VDS(3(#%R1343$(%%$9T9(1&%DX'3($1"#'$(>"V#%V#R$#%$B(p"NR(#%V#134R ">V[19'#( D"a#( 2"1'9&#W( 1"$( M"&( >"VXDQS'( 9MS&'S'( $"#$'XC3( $'"&>( >"&RD"( 3( #%R1343$ %%$9T9(1&%DX'3('%D%:S4B E%R1343$( %%$9T#%( 1&%DX'#( #&( "#QD%M34#W( 13&#%4( M#$4"Q( -( 4S%T3$( #&( 91"MS'# 4"1$RN34#B(`"u3(T#$(NSDQ#%$(D"aRDR$(M"V$'X$(M"&("'Tf#&'#%$(>S:(9&4"'XM"N9$("1'9$(3 "%

49 A attēls. Euro zonas mājsaimniecību parāds un ienākumus nenesošie kredīti B attēls. Lielbritānijas mājsaimniecību parāds un ienākumus nenesošie kredīti Lor(#D%1$$(.**HB(Y"D"()B(:%'B(x(.,,O euro zonas mâjsaimniecîbu parâda attiecîba pret IKP (kreisâ ass) ES6 mâjsaimniecîbu parâda attiecîba pret IKP (kreisâ ass) 1) ienâkumus nenesoðo kredîtu attiecîbas indekss (1998. gada 2. cet. = 1) (labâ ass) 2) Lor(#D%1$$(.**HB(Y"D"()B(:%'B(x(.,,O mâjsaimniecîbu parâda attiecîba pret IKP (kreisâ ass) ienâkumus nenesoðo kredîtu attiecîbas indekss (1998. gada 2. cet. = 1) (labâ ass) dm9'#?("784>*'$7l$q7+,/&/)$y)4()+5w(d8duf(3(#&4;$7l$!4/'&4(9 dm9'#?(pubw(!8+75,&,b.o(d''#%:xc"(#%'m%&($%t"$(m"v$'#$w(>"&(13&r4(>#%%n"4#(#%r1343$ %%$9T9(1&%DX'3(D"'#(Lb%gc#N"W(F>R#N"W(/&":#N"W(j&#N"W(E'RV#N"(3 89&'3YRV%OB( d'tf#&xcr( 9( %3&9( Q9"$( &RDX'RN"( T#$( &RDX'RN$ ">&Sf#R'$W(C"V$'9'#%$('#1"#(3Q(5/E("#QD%M34#%4B )O( d''#%:xc"( ">&Sf#R'"( 1R( M"V$'3( #%R1343$( %%$9T9( 1&%DX'3 X>"'$M"&$( M"V$'3( 1&%DX'3( 19>">N94RB( FMS&'9( #D%1$3( ">&Sf#"W #Q4"'9N9'(1"'&"$(M"V$'$(X>"'$M"&3(>"&RD"(19>">N94RB >9V#'#1R(9'%#1'R(>"&('9W(:#1(R'&#(#%R1343$ %%$9T#%( 1&%DX'#( '#%1( 9&"1$'X'#( M"#( '#%1 &"$'$(:#'$(&#$#RN34$W(3('RDSNRD#('#%(M"#&$ %"'$>9Y3g9N"$( $'"'#$'#1RB( E29&4R:#N"$ >3CV#$1"( >#%%N"4XC"( >"&( #%R1343$ %%$9T"N#%4( 1&%DX'#%4( %3&9( Q9"$( M"V$'X$( #&( M#$"#( %>#%'#%1"4"W( 3W( N"( 'R( M#$>R&( #& >#%%N"4"W('"D($%1'9&3(D"VXN34$(4RN$"#4#%:XCR$(3(%2#"T3($"C#%D&XCR$(>"&"$'#(">'M%& '#1"#( X$3( V"#1"( >%&#9D3B( `R( 1R( T#%( D"'#( "M( $"$1"\9'#W( '"$( 9QX4SW( 1"( '#%( NRMS&'S >#%$"&DQXY#B( d( "''SVR( $#%Y'$( "''#%:XC"$( &RDX'RN$( $'"&>( 4RN$"#4#%:XC3( #%R1343$ %%$9T"N#%4( 1&%DX'#%4( 3( M#$#%4( "#QD%M34#%4( 4RN$"#4#%:XCR4W( 19( ">&Sf#"W C"V$'9'#%$( 3Q( b%gc#n"$w( F>R#N"$W( /&":#N"$W( j&#n"$w( E'RV#N"$( 3( 89&'3YRV%$( ":#9RVR$ :%'&RVR$(C"1"$(>3CV#:S'"N#%4(D"'#%4B(pX$(M"V$'#$(9D&9T#"(JKo(9(%3&9(Q9"$(E!8W(C%' '#1"#(=,o(9("#QD%M343(4RN$"#4#%:XCR4(19>">N94"B(d>V[19'$(>%&#9D$(9(.**HB(Y"D" )B(:%'3&1T\"(VXDQ(),,=B(Y"D"()B(:%'3&1$#4B(^"'#(V#%:#"W(1"(#%R1343$(%%$9T9(1&%DX'3 X>"'$M"&$(19>T(.**HB(Y"D"($"4"Q#RN#%$W(X>"T#(>%&#9D"(>#&4"NR(>9$4RW(1"D(C#N"(MS&9N"4" $>S:XY"( %1994#$1R( #Q"3Y$4%W( C%'( "&X( >S:( '"4( $%19N9TR$( '"3'$"#4#%:XC"$( V%N3>$VXD%$ V"#1RB 8R&$M"&R( VXDQXY"$( '%D%:%$( >"&RD"( &RDX'RNR( 3( #%R1343$( %%$9T9( 1&%DX'3( &RDX'RNR 9MS&9'"$( "&X( _#%VC&#'R#NR( 3( dfzb( dc3( M"V$'3( '"3'$"#4#%:XCR( >"&RD"( &RDX'RN$ >"V#%V#RNR$( 19>T( ),B( Y$B( *,B( Y"D3( C%#YR4B(!"$( "''#%:"$( 3Q( #%R1343$( %%$9T"N#%4 1&%DX'#%4W( '9( X>"'$M"&$( _#%VC&#'R#NR( >SDSN9( Y"D3( V"#1R( #%MS&9N"4#( $"&3:#$W( '3&>#9' V%N3>MS&$'9( '%D%:#W( 1"$( $R1R$( >S:( 4RN91g3( '#&Y3$( 1&XQ%$( ),B( Y$B( *,B( Y"D3( $R134RB F"VXDQ#RN34"4( q( #%R1343$( %%$9T9( 1&%DX'3( X>"'$M"&"( $"4"Q#RT"R$( dfz( 19>T ),B(Y$B(*,B(Y"D3(C%#YR4(%C#N"('#1(#Q'%#1'"(L$1B(b(3(U("''BOB "&

50 EKONOMISKĀS UN MONETĀRĀS NORISES Monetārās un finanšu norises C attēls. ASV mājsaimniecību parāds un ienākumus nenesošie kredīti D attēls. Euro zonas mājsaimniecību procentu maksājumi un pamatsummas maksājumi Lor(#D%1$$(.**HB(Y"D"()B(:%'B(x(.,,O 1 mâjsaimniecîbu parâda attiecîba pret IKP (kreisâ ass) ienâkumus nenesoðo kredîtu attiecîbas indekss (1998. gada 2. cet. = 1) (labâ ass) 25 L9(#Q4"'9N"4#%4(#%R134#%4r(oO 12 kopçjie procentu maksâjumi pamatsummas maksâjumi dm9'$?(dfz(/%d%&rv9(&%q%&mn3($#$'s4"$(z"vd%b dm9'#?(pub(3(pub(">vs$%$b ZS&'SN9'(#%R1343$(%%$9T9(1&%DX'3(X>"'$M"&"(>"$'RMXY9($"4"Q#RT"9$W(NR"'QX4SW(1"(T#$ &RDX'RN$( D"C#$1#( "'>"V#%1( 9( %#VY'$>SNXY"( >"&RD"( >#%"3Y34"( '%D%:S4B( `RDSNRD# 9MS&'SN9'( >SDSN9$( Y"D9$( "&( >"&RD"( 3Q1&RT"9$( $"#$'X'9$( &#$13$W( '#%T#( NR>#%MS&T"$ N"3'RN34"4W(M"#(TX(3Q1&RT"R$(C[$(#VY'$>SNXY"B(d''#%:XCR(3Q('9(M"&(">Y"VM9'W(1"($>S:XY"#$ >"&RD"(X>"'$M"&"(>#%"3Y34$(>SDSN9$(Y"D9$("'$>9Y3g9(VXDQ$M"&9T"R$(>&9:%$3B 8#&41R&'W(1R(D"g"(9(19M%&c%:%$(>&9:%$"(>#&4$(59%'R&R$($"M#%XC"$(#2VR:#N"(%3&9 Q9R( '3M9NR$( Q%4"4( 3( $'"C#V"4( VX4%#4B( F'"C#VR1#( 4"1&9%1994#$1#%( ">$'R1g#( 19>T ),B(Y$B( *,B( Y"D3( C%#YR4( "'$>9Y3g9N"$( Q%4R1R( C%QD"&C"( VX4%X( 3( Q%4R1R$( &%RV"NR$ >&9:%'3( V#14S$W( 1"$( 9QX4S( 4"QR13( %9'%#1'XC3( "''#%:XCR( 3Q( #%R1343( >V[$4R4( 3 Q%4R13( >"&RD"( 2#"$ST""$( "$'3B( `"$( 4RN$"#4#%:XCR4( g"3n( >"V#%V#R'( >"&RD3$W >"$'RM9'( 9'%#1'"4( #%R1343( VX4%#4W( C%'( %>"V#%V#9'( &#$13B( 8#%4S&"4W( %3&9( Q9R >"&RD"( $V9Y"( L'B#BW( >&9:%'3( 4"1$RN343( 3( >"4"'$344"$( 4"1$RN343O( "''#%:XC"( >&%' 4RN$"#4#%:XC3( #Q4"'9N"4#%4( #%R134#%4( $"YV"CRN3$#%$( >R&$M"&R( $'"C#V"( 19>T.**HB(Y"D"(L">'3M%#(*q.,o(VX4%XOW(V"#(Y"(>"&RD"(X>"'$M"&$(>#%"3DQ#$(L$1B(^("''BOB l'&1r&'w( ;#>9'%1R&R( >"&RD"( 1R>343( M"&S'3( $"#$'X'( "&( $'&31'3&RV#( "3Y$'R13( 4RN91g3 >#%>&"$XN343( $"1"&R( "&( D%49Y&R2#$1"NR4( >R&4"#\R4B( `9( M"&( #Q$1"#D&9'( "&( 2"1'3W( 1" ),B(Y$B(+,B(Y"D3(wD%49Y&R2#$1R($>&RDQ#%"w(>""3DQ%(>SDSN9$(Y"D9$($"$#%Y3$#(M%:343W 1"D( 4RN$"#4#%:XC"$W( M#$'#:"4R1W( M"&S'3( #%YRDR'#%$( 4RN3B( `3&1VR'( >"$'RM( V"#14%'"4 &"1$'3&XY"('%D%:%(4RN$"#4#%:XCR4(1g['(4"QR1R4B `&%T1R&'W(M"&(>"$'RMS'("&X($'&31'3&RV#(2"1'9&#W(1"$(M"&(D"3DQ('#%TR1(#Q$1"#D&9'(#%R1343$ %%$9T9( 1&%DX'3( Q%49( X>"'$M"&3B( `#%W( >#%4S&"4W( #%'M%&( V"CR13( &#$1"( M"DXC"$( 4%'9a3 #Q4"'9T"3(C"1R$(3@M"#(V"CR1"$(#%$>SN"$(V#%VR1R4(C"1R4("'C&XM9'#%$(9(1&%DX'&#$13 D"g"$W( #Q4"'9N9'( M"#( 3( D"&XN343$( "&( >R&M%#D9T"3( MS&'$>">X&9$W( M"#( "'M"$#R'9 1&%DX'#$'&34%'3(>"VXDQXC3B "'

51 G%&"3Y9'#%$(3Q(TRD#%4($1"#D&9N34#%4("''#%:XCR(3Q($'&31'3&RV#(V#%VR1"(">N94"(>"&RD#%4 3( Q%4R1"( ">N94"( #%R1343$( %%$9T#%4( 1&%DX'#%4W( &#$1#W( 1"$( $"#$'X'#( "&( #%$>SN"43 $"#1#( $'"&>( $>S:XY3( 4RN91g3( :%3( >#%"3Y343W( 9( M#%"$( >3$%$W( 3( "3Y$'3 4RN$"#4#%:XC3(>"&RD"(3(Q%43(#%R1343$(%%$9T9(1&%DX'3(X>"'$M"&3W(9(9'&"$(>3$%$W $'#Y&#( NR19'&9VSB( P3&9$#$'S4"$( C"13( 1&%D#'ST""$( ">$%19N34"( &%Q3V'R'#( V#%:#"W >#%4S&"4W( 1"( $"YV"CRN3T#%$( >"Q%4#R'#%( 1&%DX'$'"D"&'#( "''#%:XCR( 3Q( 4RN$"#4#%:XCR4 #Q$#%Y'"N#%4( "#QD%M34#%4( 4RN91g"( #%YRD%#( >SDSN9$( :%'3&1T\9$( "'$>9Y3g9( $>S:XY9 $'"&>C"13( 1913&%:#W( %M#$( 4RN91g3( '#&Y3$( >%&$>%1'XM3( 3QV"C9T"9$B( G%M"&( 9V#%Y' #%$>SN3W( 1"( M#$>R&SN#%( "&( 4RN91g3( :%3( $'&"3N9( 1R>343( $"#$'X'#%( &#$1#( >"TV"#1( %'#%1 >#%R:XY#(9MS&'S'#(C"13($%1'9&R(>"$'RM9TR$($>S:XYR$(1913&%:%$(3(>"T&%#QSNR(Q%4R #%R1343$(%%$9T9(1&%DX'3(VX4%\"(DSgB #)

52 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Cenas un izmaksas 3. CENAS UN IZMAKSAS ^H"V$ /&(&$ ;28=&$,)=5$ EFFG9$ /&(&$ <&462+.$ -B,*5;*$ d9grs$ &+ F9G$+7>)4,8$ 4);2$ *)+*);1?<2$ =?4)5.$ 84$ &+.$ &+$ E9[rC$ ;&5 *4L'2>*<&$ *)&8/&$ Er$ L)-+82+.R9$ e&o7,2<8$ >)48$ -B64*)>.-8R$ /&(&$ ;28=&,)=5$ &'*)'*42<25$ [9gr$ <&462+.C$ 6*5&8/5,2;&<&=$,)=&=C$ ;&5$ 476?+7, PATĒRIŅA CENAS 25. GADA FEBRUĀRA ĀTRĀ APLĒSE F"$1"\R( "&(!8+75,&,( R'&9( ">VS$#( 2%C&3R&X( %3&9( Q9"$( F8UE( #2VR:#N"( $"$#%DQ"( )B,o( L#%>&#%1TSNR 4S%$X(q(.B*or($1B(+B('"C3V3OB(_"#(Y"(>"TV"#1("M(>#%%N"4$($X1R1$(D"VXN34$W("3Y9TR$(%%&c#N"$(:%"$W #%$>SN"4$W( #Q&"#$XN"( %V#%V3( #2VR:#N"$( 1R>343( 9( N"MR&"( VXDQ( 2%C&3R&#4B( E%MS&9N9'( #29&4R:#N"$ >&9M#Q9&#$19(&"1$'3&3W(">VS$%#(>#%4X'(C['#$1"(%9'%#1'XC"B SPCI INFLĀCIJA 25. GADA JANVĀRĪ ),,JB( Y"D"( N"MR&X( %3&9( Q9"$( F8UE( #2VR:#N"( $"4"Q#RNR$( VXDQ(.B*o( L>"&(,BJ( >&9:%'3( >31'#%4 Q%4R1"( %1R( ),,=B( Y"D"( D%:%4C&X( L$1B( -)B( "''BO( 3( >"&(,B)( >&9:%'3( >31'#%4( Q%4R1"W( %1R >&9Y9QS'$( 2%C&3R&"( $R134R( >3CV#$19'"NR(!8+75,&,( R'&"NR( ">VS$SOB( h#r4$( #2VR:#N"$( 1&#'34$( '#1" Y"#DX'$(N"MR&X($"1"&R("&(M"#&R1#%4(>&9Y9QSN"4#%4(CRQ%$(%2%1'#%4W(C%'(T9($"4"Q#RN343(>"$'#>&#RN" V"CMSVXY"(F8UE($MR&$'XYR19(194>9%'3W(X>"T#("2'"$(3(%">$'&RDR'R$(>R&'#1"$(:%3W("''X$'XC"B P%&c#N"$(3(%">$'&RDR'R$(>R&'#1"$(:%3(Y"D"(>R&4"#\3('%4>$(C['#$1#($"4"Q#RNR$B(P%&c#N"$(:%3 Y"D"(1R>34"('%4>3($"4"Q#RN"(Y"(CRQ%$(%2%1'$W(Y"("2'"$(:%3(1&#'34$(N"MR&"($R134RB(F"M31R&' %">$'&RDR'R$(>R&'#1"$(:%3(Y"D"(>R&4"#\3('%4>"(1&#'343(VXDQ(q,B+o(N"MR&X(Y"VM%91R&'(9'%#:" DR&Q%\3(:%"$W(1"$(C['#$1#(%4"#XNR$(Y"D"($R134RW(1"D(>"&"$'#(MS&9N"4$($'&"3NT(>#%"3Y34$B(`94S& "C#( 2"1'9&#( M"&( C['( X$V"#:XY#W( N9W( $R19'( "&( N"MR&"( M#D3W( "2'"$( :%"$( "'1"V( >#%"3Y"W( $"$#%DQ9' ),,=B(Y"D"( 9M%4C&"( $R134R( D94#SN9TR$( :%"$W( $"M31R&'( Q#R4$W( 1"( DR&Q%\3( :%"$( #&( g9'# $MR&$'XY"$W(N9('R$("'1"&XY"$(9(V"#1"(">$'R1g#%4B 6. tabula. Cenu attīstības tendences L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3W(N"("M(9&RDX'$(:#'RD#r(oO 344M 344N 344N 344N 344N 344N =+'-K e1-k `&CK U+HK V(,CK <+%K =8*;":,"-."1&J'&,+,-$!9>SN"#$(#D%1$$(.O )B. )B. )B. )B= )B) )B=.B* E9F P%&c#N" -B, =BJ +B= *BH HBK +B* +B) B G%">$'&RDR'R(>R&'#1" )B.,B+ I.BJ I.B) I.B,,B, I,B+ B d>$'&rdr'r(>r&'#1" -B- -B= -B- )BH )B- -B) )BH B G%%%&c#N"$(>&%:%$,BH,BH,BH,BH,BH,BH,BJ B 8"1"V>9N34# )BJ )B+ )B+ )B+ )BK )BK )B= B *$-$"H+,:"%.7E-.A$ e[>#%:xc"$(&"a9'rn3(:%"$.b= )B- -B- =B. -BK -BJ -B* B G"2'"$(:%"$(L%3&9(>"&(C"&%V3O )JB. -,BJ -JB, -*B= -=BJ -,B, --B+ -JB) G%%%&c#N"$(>&%u3(:%"$ I=BJ.,BH +B* -BK,B= I,B) I.B* I.BH dm9'#?(!8+75,&,w(:t7=574$o*4&4>*&'$x&,&5,+)&=(3(mfpeb.o(f8ue(#2vr:#n"(),,jb(y"d"(2%c&3r&x("'c#v$'(!8+75,&,(r'&"n"#(">vs$%#b #(

53 F8UE(L#Q\%49'(%">$'&RDR'9(>R&'#13(3(%%&c#N3O Y"D"( >R&4"#\3( '%4>$( $"&31"( >"&(,B-( >&9:%'3 >31'#%4( LVXDQ(.BHo( ),,JB( Y"D"( N"MR&XOB( `"$ "'$>9Y3g9(:%3(1R>34"(M#$>R&SN3(>"VS#RT"9$ %3&9(Q9"$('"3'$"#4#%:XCRW(1R("&X(CRQ%$(%2%1'3$W 1"$( $"#$'X'#( "&( :%3( >#%"3Y343( ),,=B( Y"D" N"MR&XB(_"#(Y"(">$'&RDR'R$(>R&'#1"$(:%3(Y"D" 1R>34"( '%4>3( Y"VM%91R&'( #%'%14SN"( >"YRN3TR Y"D"( 9D91g3( >"V#%V#RT"R$( '"C"1"#( /&":#NR CRQ%$( %2%1'$W( C#N"( MS&9N"4"( "&X( Q#R4" ">$'&RDR'R$(>R&'#1"$(L#Q\%49'('"C"13O(:%3(Y"D" >R&4"#\3('%4>"(#QVXDQ#RT"R$B(d&X(%%%&c#N"$ >&%u3( :%3( Y"D"( >R&4"#\3( '%4>$( $"4"Q#RNR$ L9(,BHo( D%:%4C&X( VXDQ(,BJo( N"MR&XOB( `"$ $1"#D&9N"4$( "&( $%Q9"$( #Q>R&D9T""$( '%D%:%$ >"$'#>&#RT"9$W( 1"$( >SDSN9$( Y"D9$( MS&9N"4" D"aR$( %3&9( Q9"$( M"V$'X$B( px( '%D%:%( #&( X>"T# >"4"R4"( ">cs&c"( 3( ">"M3( :%R$( $"1"&R( "& V#%VR1R4( :%3( "'V"#DS4( $%Q9"$( #Q>R&D9T"R$B `94S&W( \%49'( MS&R( #%>&#%1TSN9( >#%&%DQ#W( TX$ :%"$(M"&(D#%QY"(R'&#($'"C#V#QS'#%$B(Z#$C%#DQ9'W >"1"V>9N343(:%3(Y"D"(>R&4"#\3('%4>"(V#%VR19 $"4"Q#RN343( N"MR&X( M"&( $"#$'X'( "&( >"YRN3TR Y"D"( M%$%VXC"$( ">&[>%$( >"1"V>9N343 "D4##$'&"'XM#( &%Y3VSN"49( :%3( >#%"3Y34" ZR:#NR(CRQ%$(%2%1'3B 32. attēls. SPCI inflācijas dalījums: galvenie apakškomponenti L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9 >%&#9D3r(4S%T"(D"'#r(oO kopçjais SPCI (kreisâ ass) neapstrâdâtâ pârtika (labâ ass) enerìija (labâ ass) kopçjais SPCI (izòemot enerìiju un neapstrâdâto pârtiku) apstrâdâtâ pârtika neenerìijas preces pakalpojumi RAŽOTĀJU CENAS 1 1 n"3r1#%( D"'#( >"&( &"a9'rn3( :%R4( %3&9( Q9R "'$>9Y3g9( %V#%V3( Y"D"( >#%"3Y34"( '%4>" dm9'$?(!8+75,&,b 1R>343W( 19( 9'%#:"( %%&c#n"$( :%3( >#%"3Y34$B!9>SN"#$( &"a9'rn3( :%3( L#Q\%49'( C[M#%:XC3O Y"D"(1R>34"('%4>$(>#%"3Y"(VXDQ(-B*o(N"MR&X(L>"&(,B=(>&9:%'3(>31'#%4("3Y$'R1$(%1R(#%>&#%1TSNR 4S%$X(3(Y"D&XQ(1R(M#$V#%VR1"#$(VX4%#$W(1"$(9MS&9'$(>"YRN3TR(Y"D"(91'9C&XOB(G%$%9(1R>343(M"& >#VXCR( #Q$1"#D&9'( "&( %%&c#n"$( &"a9'rn3( :%3( "''X$'XC3B( F"M31R&'( %%&c#n"$( &"a9'rn3( :%3( 1R>34" '%4>$(),,JB(Y"D"(N"MR&X($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3(>#%"3Y"(VXDQ(HB,o L),,=B(Y"D"( D%:%4C&X( q( +B+oOW( 3( '9W( #%$>SN"4$W( #%'%14SN"( "3Y9TR$( "2'"$( :%"$B( Z#%V"#13$ &[>#%:XC"$( &"a9'rn3( :%3( L#Q\%49'( C[M#%:XC3( 3( %%&c#n3o( Y"D"( 1R>34"( '%4>$( %4"#XNR$ LN"MR&X(q()B*oOB d>v[19n9'( D"aRD3$( &"a9'rn3( :%3( 194>9%'3$W( $'"&>>"'S&#\"( >&%u3( :%3( >R&4"#\3( '%4>$ $"VXDQ#RN34R( "&( #%>&#%1TSNR( Y"D"( "'C#V$'9T9( >%&#9D3( %4"#XNR$( LN"MR&X( q( JBJoOW( 3( '"$( "'C#VD" #QVXDQ#RT""#W(1"$(C#N"(MS&9N"4"(19>T(>"YRN3TR(Y"D"(91'9C&"(L$1B(--B("''BOB(EQVXDQ#RT""W(#%$>SN"4$W "'$>9Y3g9(%"2'"$(>&%u3(:%3(Y"D"(>#%"3Y34"('%4>"($"4"Q#RN343(%3&9(#Q'%#1$4S(3("2'"$(:%3 1&#'343(9(),,=B(Y"D"(91'9C&"(VXDQ(D%:%4C&#4B(`94S&($'"&>>"'S&#\"(>&%u3(:%3(Y"D"(1R>34"('%4>$ N9>&9NR4(#&("3Y$'$W("'$>9Y3g9N9'($"4S&R("3Y$'R$(#Q%NM#%V3(:%"$(19>34RB(`3&>&%'X(1">#'RV>&%u3(:%3 Y"D"(1R>34"('%4>$(N"MR&X('3&>#RN"(>#%"3Y'B(Z#$C%#DQ9'W(>"'S&#\"(>&%u3(&"a9'RN3(:%3(Y"D"(1R>34" #* -1-1

54 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Cenas un izmaksas 33. attēls. Rūpniecības ražotāju cenu dalījums 34. attēls. Ražošanas izmaksu un ražotāju cenu apsekojums L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9 >%&#9D3r(4S%T"(D"'#r(oO LD#2[Q#N"$(#D%1$#r(4S%T"(D"'#O rûpniecîba, izòemot bûvniecîbu (kreisâ ass) starppatçriòa preces (kreisâ ass) kapitâlpreces (kreisâ ass) patçriòa preces (kreisâ ass) enerìija (labâ ass) apstrâdes rûpniecîba; raþoðanas izmaksas apstrâdes rûpniecîba; noteiktâs cenas pakalpojumu sektors; izmaksas pakalpojumu sektors; noteiktâs cenas dm9'#?(!8+75,&,(3(pub(">&sf##b -1 dm9'$?(m:"$e)5)&+>t9 8#%QX4%B(ED%1$"(MS&'XC"(M#&$(J,(9&RD"(:%3(1R>343W(C%'(>"& J,(Q%4R1"(#D%1$"(MS&'XC"(q($"4"Q#RN343B '%4>$( N"MR&X( $"4"Q#RNR$( LVXDQ(.B-oOW( 19( Y"VM%91R&'( 9'%#:"( X$V"#:XY"( V#%'9N34"( >&%u3( :%3 $MR&$'XC"$B( _"#( Y"( D%:%4C&X( 9MS&9'"#$( $"4S&R( "3Y$'"#$( &%Q3V'R'$( Y"VM%91R&'( $1"#D&9N"4$( "& 9D91g3( >#%"3Y34"( '"C"1"#( ZR:#NR( 3( E'RV#NR( #%'%14#W( N"MR&X( $"VXDQ#RN34R( "&( #%>&#%1TSNR( Y"D" "'C#V$'9T9( >%&#9D3( X$V"#:XY"( V#%'9N34"( >"'S&#\"( >&%u3( :%3( >R&4"#\"$( #%'%14SN"( >"YRN3TR( Y"D" 9D91g3( >#%"3Y34"( '"C"1"#( /&":#NR( V%N3>MS&$'$( CRQ%$( %2%1'$B( G%\%49'( MS&R( >R&'#1"$( 3( '"C"1"$ #%'%14#W( >SDSN9$( D#M9$( 4S%T9$( >"'S&#\"( >&%u3( :%3( Y"D"( 1R>34"( '%4>$( 2"1'#$1#( C['3( %D"3DQ >#%"3DQ#$B ZS&'SN9'(R19'%$(#%$>SN"$W(&%DQ"4$W(1"(">$%19N34"(D"'#(>"&(),,JB(Y"D"(2%C&3R&#(N9>&9NR4(V#%:#RN" >"&(&"a9'rn3(:%3(1r>34"(#%$>sn"49($"4"q#rn343b(d>$'&rd%$(&[>#%:xcr(h8+>t&5*4/$q&4&/)+5u ^8+6)]( $#%Y'"#$( %3&9( Q9"$( #Q4"1$3( #D%1$$( 2%C&3R&X( '3&>#RN"( $"4"Q#R'#%$W( '94S&( N9>&9NR4 9&RD9'(3Q(:%3(1R>343B(`9'#%$(&"a9'RN3(9'%#1'9(:%3(#D%1$$(LM"#(&"a9'RN3(:%"$O(2%C&3R&X("'1"V >#%"3Y"W( V#%:#9'( >"&( '9W( 1"( &"a9'rn#( '3&>#RN"( #%1g"3'( :%R$( D"g3( #%>&#%1TSN"( &"a9t""$( #Q4"1$3 1R>34"(L$1B(-=B("''BOB(e%V"'XM#(X$R(>%&#9DRW(>"&(13&3(>#%%N"4"(#29&4R:#N"W(&"a9'RN3(:%"$(">$'&RD%$ &[>#%:XCR($"4S&R(V"C#(19&%VS("&(">$%19N34"(&%Q3V'R'#%4(>"&(&"a9T""$(#Q4"1$R4(3(&"a9'RN3(:%R4 L$1B( KB(#%V#1343( weze( ">$%19N34"( D"'#( >"&( &"a9t""$( #Q4"1$R4( 3( &"a9'rn3( :%R4wOB( _"#( Y"W Y"'"M9N9'(T9(4"'%&#RV3W(>"1"V>9N343($%1'9&R(D"'#(C#N"(>#%%N"4#('#1"#(>"&(),,JB(Y"D"(N"MR&#W(Y" &"a9t""$(#q4"1$"$w(y"(9'%#1'r$(:%"$(n9>&9nr4(9&rdxn"(3q('3&>4r13(1r>343b #!

55 7. ielikums IVI APSEKOJUMA DATI PAR RAŽOŠANAS IZMAKSĀM UN RAŽOTĀJU CENĀM p"nr(#%v#134r(">$ms&'"('r$(#29&4r:#n"$(v#%'d%&xc"w(1"$(y['"(9(e%>#&1343(m"dx'rn3(#d%1$"(lezeo ">$%19N34#%4(>"&(:%R4W(V"#(#Q>&"$'3(&"a9'RN3(:%3("''X$'XC3(%3&9(Q9RB(d>$%19N34"(D"'#W(1"$ >#%%N"4#(Y"(>"&(">$'&RD%$(&[>#%:XC3W(Y"(>"&(>"1"V>9N343(9Q"&S4W(M"&($#%Y'(>&#%1T$'"'3(>"& '9W(1R(#%Y3VDX'9(#Q4"1$3(4"#XC"(#%'%14S(&"a9T""$(#Q4"1$3(3(&"a9'RN3(:%3("''X$'XC3B 8&#MR'"( $"C#%D&XC"( M:"$ e)5)&+>t( M%#:( %3&9( Q9"$( #14S%T"( ">$%19N343$( >"&( %1994#$1R$ "1'#M#'R'%$( 3( :%3( %$%"NR4( '%D%:S4( LEZE( ">$%19N34#OB( EQ4"'9N9'( ">'"3N"$W( #%>#&1343 M"DX'RN#(">$'&RD%$(&[>#%:XCR(3(>"1"V>9N343(9Q"&S$($#%DQ(#29&4R:#N3(>"&(&"a9T""$(#Q4"1$3 3( 9'%#1'9( :%3( "''X$'XC"$( N"3R1"NR4( '%D%:S4W( 9&RD9'W( M"#( TX$( :%"$( >#%"3Y3T"$W $"4"Q#RN3TR$( M"#( #&( 'RD"$( >"T"$( $"VXDQ#RN34R( "&( #%>&#%1TSN9( 4S%$#B( d'c#vd%$( '#%1( #Q'%#1'"$ D#2[Q#N"$(#D%1$9$W(13&($1"#'V#$(J,(9&RD"(%4"#XY3(:%3(VX4%#(3(&%Q3V'R'#(M#&$(LQ%4O(J,(V#%:#" >"&( :%3( >#%"3Y343( L$"4"Q#RN343OB( EZE( ">$%19N343$( M%#:( 4S%T"( M#D[W( 3( %3&9( Q9"$ &%Q3V'R'3$(>3CV#:S(>#&4"NR(D"&C"D#%R(L">$'&RD%$(&[>#%:XC"#O(3('&%T"NR(D"&C"D#%R(L>"1"V>9N343 $%1'9&"4O(>S:(>R&$1"'"(4S%T"B e[>#%:xc"$(">$%19n343(m%#:("$'9\r$(%3&9(q9"$(m"v$'x$w(1"$(9d&9t#"(*)o(9(%3&9(q9"$(e!8b 8"1"V>9N343($%1'9&"(">$%19N34$(#%'M%&(>#%:"$(%3&9(Q9"$(M"V$'#$W(1"$(9D&9T#"(H.o(9(%3&9 Q9"$(E!8B(d>$'&RD%$(&[>#%:XC"$(">$%19N343(M%#:(">'3M%#(-(,,,(3Q\S4349$W(3(N"3'RN34R(>"& &"a9t""$(#q4"1$r4(#&(#%'m%&'#(m#$3(#%>#&1'9(>&%u3(m#dsn9(:%3(&rdx'rn#b(`3&1vr'(&%$>9d%'#%4 V[Y'$($#%Y'(1M"V#'"'XM3(#29&4R:#N3(>"&("'$%M#Tf3(>&%u3(&"1$'3&XYR4(:%3("''X$'XC"$('%D%:S4(3 '9( #%4%$V#%4W( N"( '#%( Q#R4#B. ( d>$%19n34"( N"3'RN34R( >"&( &"a9t""$( #Q4"1$R4( #%'M%&'"$( M#$"$ >"1"V>9N343(9Q"&%$(LD"'#($"MR1'#(9()(,,,(3Q\S434#%4W(1"$(#%'M%&(D"aRD"$('#&Y3$(>"1"V>9N343 9Q"&%$W(#Q\%49'(M"#&34'#&DQ#%:XC3(3(4"Q34'#&DQ#%:XC3OW(M#$3(#%Y3VDXN343(M#DSNR$(:%"$W('B#BW #%$1"#'9'(>&%u3(3(>"1"V>9N343(#%>#&1343W(D"&C##%13(#Q4"1$"$W(X&%$(4"1$"$B px$(w5s%t"(b#g%'%"w(9d"g"$(-=b("''svr("'$>9y3g9'"$(&"a9t""$(#q4"1$3(3(9'%#1'9(:%3(d"'3 &#D"$( Y"( ">$'&RD%$( &[>#%:XCRW( Y"( >"1"V>9N343( $%1'9&RB ) ( t%49'( MS&RW( 1"( D"'#( >#%%N"4#( >"& $"4S&R( X$3( >%&#9D3W( TX$( '%D%:%$( C['3( NR#'%&>&%'S( >#%$"&DQXY#B( e"a9t""$( #Q4"1$3( D"'3( &#D"$ ">$'&RD%$( &[>#%:XCR( #&( $MR&$'XYR1"$( %1R( >"1"V>9N343( $%1'9&"( D"'3( &#D"$W( "'$>9Y3g9N9'( '9W( 1" >SDSNR$("''#%:"$(3Q(M#$R4(#Q4"1$R4W(#%$1"#'9'(D"&C"$>S1"(#Q4"1$"$W(X&%$(4"1$"$(3B'4VB(#Q4"1$"$B 8"TV"#1( ">$'&RD%$( &[>#%:XC"$( &"a9t""$( #Q4"1$3( #D%1$$( #&( "3Y$'R1$( %1R( >"1"V>9N343( $%1'9&" &"a9t""$( #Q4"1$3( #D%1$$B( `"$( "'$>9Y3g9( #%>#&1343( M"DX'RN3( $#%Y'9( MS&'SN343W( 1"( >&%u3 &"a9t""$(#q4"1$3(1r>34$("'c#v$'(19>t(),,-b(y"d"(m#d3$(9ms&9'"n"4(>&%u3(l"2'"$(3(%"2'"$o :%3( >#%"3Y34"4B( F"M31R&'( Q%4R1$( #Q4"1$3( #D%1$$( >"1"V>9N343( $%1'9&RW( V"#( Y"( "&X( '"$ >"V#%V#RNR$(19>T(),,-B(Y"D"(M#D3$W("'$>9Y3g9($"4S&R(4S&%3('9(D"&C"$>S1"(#Q4"1$3(1R>343W(13&"$ #%'M%&'"$(>"1"V>9N343($%1'9&"(#Q4"1$3(#D%1$RW(C%'("M(#%'M%&'"$(">$'&RD%$(&[>#%:XC"$(&"a9T""$ #Q4"1$3(#D%1$RW('"NR(>"TR(>%&#9DRB(nR"'QX4S("&X('"$W(1"(">$'&RD%$(&[>#%:XCR(9'%#1'9(:%3(D"'3 &#D"(>"V#%V#RN3$#%$(4"QR1(%1R(&"a9T""$(#Q4"1$3(D"'3(&#D"B(`"$(9&RD"W(1"(%V#%V3(&"a9T""$ #Q4"1$3(1R>343(M"&S'3("C$9&CS'(>%g\"$(4"&a"$B(Z#%XC"$(D"&C"$>S1"(#Q4"1$3(>#%"3Y34"(1&#'34$ ">$'&RD%$(&[>#%:XCR(19>T(),,-B(Y"D"(M#D3$("&X(M"&S'3(C['("''X$'XC3(M%#:#9T$(2"1'9&$B.( 8#%4S&"4W( >SDSN9$( 4S%T9$( %%&c#n"$( 3( 'S&"3D"( "3Y$'R$( :%"$( '#%1( 4#S'"$( 1R( 2"1'9&#W( 1"$( 9$"1"( &%V"'XM#( "3Y$'9( ">$'&RD%$ &[>#%:XC"$(&"a9T""$(#Q4"1$3(#D%1$"(VX4%#B(/%C&3R&X(>"&(>"1"V>9N343($%1'9&3(>3CV#$19'"N9$(D"'9$(%%&c#N"$(#Q4"1$"$("&X(4#S'"$(1R 9QX4XY"$W(3(ZR:#NR(4"1$"(>"&("3'9$'&RDS4(9&RDX'"(1R(TRD$(2"1'9&$B ) M:"$e)5)&+>T(#%'M%&('B$B($"V#1'R$(%3&9(Q9"$(D"'3(&#D"$W(13&R$(#Q4"'9'#(">$'&RD%$(&[>#%:XC"$(3(>"1"V>9N343($%1'9&"(">$%19N343 &%Q3V'R'#W(1"$("M(T%#'("'$>9Y3g9'#B #"

56 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Cenas un izmaksas A attēls. IVI apsekojuma dati un ražotāju cenas apstrādes rūpniecībā B attēls. IVI pakalpojumu apsekojuma dati LD#2[Q#N"$(#D%1$$r('&X$(4S%T3(1R>34$("''#%:#R'$(3Q(>R&4"#\R4 $"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO LD#2[Q#N"$(#D%1$$O IVI raþoðanas izmaksas (kreisâ ass) IVI noteiktâs cenas (kreisâ ass) raþotâju cenas (labâ ass) IVI raþoðanas izmaksas IVI noteiktâs cenas dm9'#?$!8+75,&,w(m:"$e)5)&+>t(3(pub(">&sf##b 8#%QX4%B( E%>#&1343( M"DX'RN3( ">$%19N34$B( ED%1$"( MS&'XC"( M#&$ J,(9&RD"(">$'&RD%$(&[>#%:XC"$(&"a9T""$(#Q4"1$3(M"#(9'%#1'9 :%3(1R>343W(C%'(>"&(J,(Q%4R1"(#D%1$"(MS&'XC"(q($"4"Q#RN343B dm9'$?$m:"$e)5)&+>tb 8#%QX4%B( E%>#&1343( M"DX'RN3( ">$%19N34$B( ED%1$"( MS&'XC"( M#&$ J,(9&RD"(">$'&RD%$(&[>#%:XC"$(&"a9T""$(#Q4"1$3(M"#(9'%#1'9 :%3(1R>343W(C%'(>"&(J,(Q%4R1"(#D%1$"(MS&'XC"(q($"4"Q#RN343B d( "''SVR( "'$>9Y3g9'#( EZE( ">$%19N34"( D"'#( >"&( ">$'&RD%$( &[>#%:XC"$( &"a9t""$( #Q4"1$R4( 3 9'%#1'"NR4(:%R4W(1R("&X(>"&(">$'&RD%$(&[>#%:XC"$(&"a9'RN3(:%3("''X$'XC3W(#Q4"'9N9'(92#:#RV9$ $'"'#$'#$19$(D"'3$B(t%49'(MS&RW(1"(D"'#(>"&(9'%#1'9(:%3(#D%1$3(>#%%N"4#(>"&($"4S&R(X$3(>%&#9D3W Y&['#(#QD"&X'(D&9T3$($%:#RN343$B(`94S&(">$'&RD%$(&[>#%:XCR(&"a9'RN3(:%3(D"'#W(Tf#%'W($"4S&R(V"C# 19&%VS("&(&"a9T""$(#Q4"1$3(3(9'%#1'9(:%3(V"#1&#DR4B `R'"D(>"1"V>9N343(9Q"&3(EZE(&"a9T""$(#Q4"1$3(D"'3(&#D"$(#%'M%&(M#$"$(#Q4"1$"$W(%M#$('#1"# #%>#&1'R$(>&%:%$B(`RDSNRD#("'Tf#&XC"$(D"'9$(>"&(&"a9T""$(#Q4"1$R4(3(9'%#1'"NR4(:%R4(M"&($#%Y' 9&#%'SN9T3(#%$1"'3(>%g\"$(4"&a"$("''X$'XCRB(`94S&(NR\%4(MS&R(M"#&R1#(C&XD#RN34#B(8#&41R&'W(EZE ">$%19N34"( N"3'RN34#( LwZ"#( &"a9t""$( #Q4"1$"$@9'%#1'R$( :%"$( #&( "3Y$'R1"$W( 'RD"$( >"T"$( M"# Q%4R1"$ywO(9D&9T#"(1M"V#'"'XM3(#29&4R:#N3B(l'&1R&'W(>"TV"#1(D"'#(>#%%N"4#('#1"#(>"&($"4S&R(X$3 >%&#9D3B(`&%T1R&'W(MS&9N"4$W(1"(&"a9T""$(#Q4"1$3(D"'3(&#D"("'&9D"$(M#&$(9'%#1'9(:%3(D"'3(&#D"$ M#$R(>%&#9DRW(>"&(13&3(>#%%N"4#(D"'#B(p#%(">$MS&34#(V#%:#"W(1"(">$%19N34"(D"'3(&#D3($"VXDQ#9T" 4"#XC"( '#1"#( 9&RD"( 3Q( >%g\"$( 4"&a3( M#&QXC"$( '%D%:#W( %M#$( >%g\"$( 4"&a3( ">N94"( 2"1'#$19 "''X$'XC3B( G9'%#1'9( :%3( #D%1$"( 3( &"a9t""$( #Q4"1$3( #D%1$"( L"C#( >"&RDX'#( b( "''SVRO( $'"&>XC" V#%:#"W(1"(>&%u3(:%3(>#%"3Y34$(.***B(3(),,,B(Y"DR(3(19>T(),,-B(Y"D"(M#D3$(#Q&"#$XN3T#(Q#R43 $>#%D#%3(3Q(>"1"V>9N343(9Q"&3(>%g\"$(4"&a3W(V"#(Y"(T"NR($%1'9&R(TX$(#Q4"1$"$(M%#D9('#1"#(%V#%V3 D"g3( 9( 19>SNR4( #Q4"1$R4B( `94S&( D"a9$( >"1"V>9N343( $%1'9&9$W( >#%4S&"4W( "M#9VX#N3 >"1"V>9N349$W(4"&a"$(C['#$1#(#%'%14S("2'"$(:%3("''X$'XC"B Z#$C%#DQ9'W( EZE( ">$%19N34"( D"'#( >"&( &"a9t""$( #Q4"1$R4( 3( 9'%#1'"NR4( :%R4( ">$'&RD%$ &[>#%:XCR(3(>"1"V>9N343(9Q"&S$($#%DQ($"MV"#:XY3(3(9D%&XY3(#%$1"'3(&"a9'RN3(:%3("''X$'XCRW X>"T#(>"1"V>9N343($%1'9&RW(13&(MSV("M(>#%%N"4"(92#:#RVR(&"a9'RN3(:%3($'"'#$'#1"B - - l2#:#rv3($'"'#$'#$19(d"'3(>"&(%3&9(q9"$(&"a9t""$(#q4"1$r4("mb(6"#dr4$w(1"(%3&9(q9"$(&"a9'rn3(:%3(#d%1$#(>"1"v>9n343($%1'9&#%4 '#1$(#%M#%$'#W($R19'("&(),,KB(Y"D3W(>S:(!9>#%"$(9'%#1343(>"&(X$'%&4#\"($'"'#$'#$1"N#%4(D"'#%4(>R&$1"'XT""$B ##

57 3.3. DARBASPĒKA IZMAKSU RĀDĪTĀJI Z#%9T"R$( :%gr( 9'%#1'R$( D"&C"( $"4"1$"$( &RDX'RN$( %3&9( Q9"#( $#%DQ( $R19'SN3( 9&RD#( >"& D"&C"$>S1"(#Q4"1$3("''X$'XC3(),,=B(Y"D"(>SDSNR(:%'3&1$XB(Z#%9T"R$(:%gR(9'%#1'R(D"&C"($"4"1$" >"V#%V#RNR$(>"&()B)o($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3B(`R(#&(>"&(,B)(>&9:%'3 >31'#%4("3Y$'R1"(%1R(-B(:%'3&1$XW(C%'(%D"3DQ(Q%4R1"(>"&($"4"1$3(.B(>3$Y"DR(L$1B(KB('"C3V3OB!R>343( Y"VM%91R&'( 9'%#:"( %V#%V$( M#%9T"R$( :%gr( 9'%#1'R$( D"&C"( $"4"1$"$( Y"D"( >#%"3Y34" '%4>"(1R>34$(ZR:#NRW('3&1VR'('9(>""3Y$'#RN"("&X(9">"g9T""$($%1"$B Z#$#( >R&SN#%( D"&C"$>S1"( #Q4"1$3( >#%"3Y34"( &RDX'RN#( ),,=B( Y"D"( >#&4"N9$( '&#N9$( :%'3&1T\9$ $"4"Q#RNR$W( 'RDSNRD#( 9$"19'( M#$>R&SN3( 4S&%3( D"&C"( $"4"1$"$( >"V#%V#RN343( %3&9( Q9RB ^"&C"$>S1"( $'3D"$( #Q4"1$3( Y"D"( 1R>34"( '%4>$( %V"31$"#4#%:XC"$( $%1'9&R( Y"D"( V"#1R( $'&"3N# $"4"Q#RNR$(L9()BHo(.B(:%'3&1$X(VXDQ(.B*o(-B(:%'3&1$XOB(`R>"'("'VXDQXC"(M#%"4(9D"&C#R'"N"4 ),,=B(Y"D"(-B(:%'3&1$X($"&31"(VXDQ(.BJoW(V"#(Y"(TRD$(1&#'34$(#&(>R&$>XVS'$($"1"&R("&(E'RV#N"$(M"V$'$ $%1'9&"(D"'3($MR&$'XY343(L$1B(-JB("''BOB(d'VXDQXC"$(M#%"4(9D"&C#R'"N"4(Y"D"(>#%"3Y34"('%4>" $"4"Q#RN34$(MS&9N"4$(&[>#%:XCRW(>"1"V>9N343($%1'9&R(3(4"QR1(C[M#%:XCR(L$1B(-+B("''BOB!9>34R( M#%9T"R$( :%gr( 9'%#1'R$( D"&C"( $"4"1$"$( N"3R1R$( '%D%:%$( ">$'#>&#"( >SDSN9$( D#M9$ Y"D9$( 9MS&9'9( D"&C"( $"4"1$"$( >#%"3Y34"( >"VS#RN34"( $"YV"CRT"9$B( `"3'$"#4#%:XC"# "'M%$%g9N9'#%$W( ),,=B( Y"DR( >#%"3Y"( D"&C"( &"axy34"( 1R>34"( '%4>$B( ^"&C"( $"4"1$"$( 1R>34" $"4"Q#RN34$( 3( D"&C"( &"axy34"( 1R>34"( >#%"3Y34$( #Q&"#$XN"( V%N3>MS&$'3( $>#%D#%3( 3Q( M#%XC"$ D"&C"$>S1"( #Q4"1$3( >"V#%V#RN343B( Z#%XC"$( D"&C"$>S1"( #Q4"1$3( Y"D"( >#%"3Y34"( '%4>$ $"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3($"&31"(L9(.B,o(),,=B(Y"D"(.B(:%'3&1$X(VXDQ,B.o( -B( :%'3&1$XOB( `RDSNRD#( D"&C"$>S1"( '#&Y3$( VXDQ( ),,=B( Y"D"( C%#YR4( #Q&"#$X'"#$( #2VR:#N"$ $>#%D#%$W(#%$>SN"4$W(C#N#$(%V#%V$B 7. tabula. Darbaspēka izmaksu rādītāji L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3W(N"("M(9&RDX'$(:#'RD#r(oO dm9'$?(!8+75,&,w(m"v$'3(d"'#(3(pub(">&sf##b 344M 344N 344M 344N 344N 344N 344N ;T ; ;; ;;; ;T Z#%9T"R$(:%gR(9'%#1'R(D"&C"($"4"1$" )B= )B) )B) )B- )B- )B, )B) ^"&C"$>S1"($'3D"$(#Q4"1$"$(19>R )BH B )B- )BH )B).B* B d'vxdqxc"(m#%"4(9d"&c#r'"n"4 )B= B )B) )B- )B).BJ B H&*'(75,)J*k ^"&C"(&"aXY34$,B= B,BK.B-.B*.B= B Z#%XC"$(D"&C"$>S1"(#Q4"1$"$ )B, B.BJ.B,,B=,B. B #$

58 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Cenas un izmaksas 35. attēls. Atsevišķi darbaspēka izmaksu rādītāji 36. attēls. Atlīdzība vienam nodarbinātajam (nozaru dalījumā) L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9 >%&#9D3r(oO atlîdzîba vienam nodarbinâtajam vienoðanâs ceïâ noteiktâ darba samaksa darbaspçka stundas izmaksas L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9 >%&#9D3r(:%'3&1T\"(D"'#r(oO rûpniecîba, izòemot bûvniecîbu bûvniecîba pakalpojumi dm9'#?(!8+75,&,w(m"v$'3(d"'#(3(pub(">&sf##b dm9'#?(!8+75,&,(3(pub(">&sf##b 3.4. INFLĀCIJAS PROGNOZE + EQ$VSDQ9'('3&>4R13("2'"$(:%3(M"#(9D91g3(3("D4##$'&"'XM#(&%Y3VSN"49(:%3(1R>343W(#%$>SN"4$W(1" '3MR1"N9$(4S%T9$(F8UE(Y"D"(#2VR:#N"($"YV"CR$#%$(">'3M%#()oW(V"#(Y"(#&(Y"#DR4$(%V#%V$($MR&$'XY34$B n"3r1#%(&rdx'rn#(%v#%:#"w(1"(%3&9(q9r(m%#d9'9$($>s:xyr1$(#%1tq%4%$(#2vr:#n"$($>#%d#%$b(j>"t#(d"&c" $"4"1$"$(>#%"3Y34$(N9>&9NR4(C#N"(#%&9C%a9'$W(\%49'(MS&R(N9>&9NR4(4S&%9('"3'$"#4#%:XC"$(#Q"3Y$4# 3( MRN9( D"&C"( '#&Y3B( PUb( $>%:#RV#$'3( ),,JB( Y"D"( 4"&'"( #%$>SN3( ">VS$%$( >"&%DQW( 1"( F8UE( #2VR:#N" ),,JB(Y"DR( C[$(.B+q)B)o( 3( ),,+B( Y"DR( q(.b,q)b)o( L$1B( TR( w5s%t"( b#g%'%"w(.,b(#%v#1343 wp3&9$#$'s4"$($>%:#rv#$'3(4"1&9%1994#$1r$(#%$>sn3(">vs$%$(%3&9(q9"#wob(nr\%4(ms&r(m"#&r1#("&(tx4 #%$>SN3(">VS$S4($"#$'X'#("3YT3>MS&$'#(&#$1#W(X>"T#("2'"$(:%3("''X$'XC"(R19'SB(`3&1VR'(%'#%T9(9D91g3(3 "D4##$'&"'XM#(&%Y3VSN"49(:%3("''X$'XC"$('%D%:%$("&X(M"&("'1"V(#Q&"#$X'(1R>343B(`3&1VR'(%>#%:#%T"4$ >#%$"&DQXY#( #Q'3&S'#%$( >&%'( #%$>SN"49( &#$13W( 1"( "'1R&'9$#%$( #%>&#%1TSN"#$( #2VR:#N"$( >#%"3Y34$W( #Q&"#$9' %'#%T"$($%1"$(D"&C"($"4"1$"$(3(:%3(9'%#1T""$(4%;R#$4R(M#$R('"3'$"#4#%:XCRB(]QV"C9N9'#%$(D"&C" '#&Y3$( ">$'R1g#%4W( TRD#( &#$1#( M"&( 1g['( 9QX4XYR1#( M#DSNR( '%&4#\RB( p"nr( Q#\R( %>#%:#%T"4$( &[>XY#( $%19' #VYR1"('%&4#\"(#2VR:#N"$(Y"#D3('%D%:S4B #%

59 4. PRODUKCIJAS IZLAIDE, PIEPRASĪJUMS UN DARBA TIRGUS *)+&5.<8=&$ *=8'58$ ;+2<8=8$ 2+=&*J8$ 84$ 4)/&,.6&*5$ 54*)/8=59$ Y&*$ /&4$ (&3?<*$ 4)5)4&*5$ +7(8;>*<&5$ ;28=&$ &,5'2-8=5$ 6&+?,8$ -B, 2+)<715C$ *))<&=*)$.5,)+=*J&$ +2(.,2<*$ '*)>*4&$,*;&*$ &+$ =?+)48$ *)5?<8$ EFFG9$ /&(& /&(8$84$*)&8/,8$&+.$EFFc9$/&( NORISES PRODUKCIJAS IZLAIDĒ UN PIEPRASĪJUMĀ REĀLAIS IKP UN IZDEVUMU SASTĀVDAĻAS P3&9(Q9"$(":#9RV9(19'3(>#&4R$(">VS$%$(>"&(),,=B(Y"D"(=B(:%'3&1$#(">$'#>&#"W(1"(#Q"3Y$4%$ '%4>$( >"YRN3TR( Y"D"( )B( >3$Y"DR( 1g3M#$( 4S&%R1$B( `#%1( VS$'$W( 1"( &%RV"#$( E!8( $"VXDQ#RN34R( "& #%>&#%1TSN9(:%'3&1$#(=B(:%'3&1$X(>#%"3Y"(>"&(,B)oW(%4"#9'#%$($"VXDQ#RN34R("&(>"Q%4#R'9(">VS$# -B(:%'3&1$#4(3(#%MS&9N"4#($"&[19'($"VXDQ#RN34R("&(),,=B(Y"D"(.B(>3$Y"D"(M#DSN9(&RDX'RN3(L,B+or $1B( -KB( "''BOB( E%$>SN"4$W( 1"( $V#1'R$( &%RVR( E!8( #Q"3Y$4%$( ">VS$%$( M"&S'3( #Q$1"#D&9'( "&( =B( :%'3&1$X M%#1'"NR4(D"&C"D#%3($'"'#$'#$1"NR4(19&%1:#NR4W(1"$(D"gSN#($"#$'X'"$("&(M"V$'$($MS'13(V"#13B(_#%'9N9' D"&C"D#%3($1"#'"(#QVXDQ#RT"3W(),,=B(Y"DR(19>34R(&%RV"#$(E!8(>#%"3Y"(>"&(.BHoW(C%'W(%M%#:9' 19&%1:#N"$W('#%1(VS$'$()B,o(>#%"3Y34$B(dC3(&%RVR(E!8(>#%"3Y34"(">VST3($'"&>XC"("'$>9Y3g9('9W(1" ),,=B(Y"DR(C#N"(">'3M%#(>"&(u%'&R4(D"&C"D#%R4(M"#&R1(%1R(),,-B(Y"DRB 8">#VD3$(#%'%14%#(3Q(),,=B(Y"D"(M#DSN9(#Q"3Y$4# VSR1$( %1994#$1R$( "1'#M#'R'%$( '%4>$( Y"D" )B(>3$Y"DR( 9QX4S( "&X( #%&9C%a9'3( >9Q#'XM3 #%>&#%1TSNR( Y"D"( #%'%14#( 3Q( &%RVR( E!8( Y"D" M#DSN9( >#%"3Y343( ),,JB( Y"DR( L$1B( HB( #%V#1343 we%>&#%1tsnr( Y"D"( #%'%14%( 3Q( &%RVR( E!8( Y"D" M#DSN9( >#%"3Y343( ),,JB( Y"DRwOB( `"$( #Q$1"#D&9 %$%9( &%RVR( E!8( Y"D"( >#%"3Y34"( >&9Y9a3 ),,JB(Y"D"4($"4"Q#RT"3B 37. attēls. Ieguldījums reālā IKP pieaugumā L:%'3&1T\"(#%Y3VDXN34$r($%Q9RV#(#QVXDQ#R'$r(>&9:%'3(>31'9$O 1.2 iekðzemes pieprasîjums (izòemot krâjumus) pârmaiòas krâjumos neto eksports IKP kopçjais pieaugums (%) 1.2 d''#%:xcr( 3Q( #QD%M343( $'&31'[&3( #%1TQ%4%$ >#%>&"$XN34"( #%Y3VDXN34$( ),,=B( Y"D" =B(:%'3&1$X( >"V#%V#RNR$( >&#MR'R( >"'S&#\" "'M%$%g9T"R$( 3( #%Y3VDXN343( >#%"3Y34" &%Q3V'R'RB( 8"'S&#\"( #QD%M343( 1R>34$( M"&S'3 D"gSN#("'$>9Y3g9'('9W(1"(#%>&#%1TSNR(Y"D"($R134" "3Y$'R19("2'"$(:%3(#%'%14%(3Q(4RN$"#4#%:XC3 >#&1'$>SN3(3(192#D%:#(4"Q#RNR$B(Z#%V"#13$ "&( >"QX4S4( >"&( R&SNR( >#%>&"$XN34" $"T"3&#RT"9$( 3( %3&9( 13&$"( >#%"3Y34" $VR>SN9T9( #%'%14#( 3Q( %3&9( Q9"$( %1$>9&'S'RN3 :%3( 1913&S'$>SN3( %1$>9&'"( 1R>34$ =B(:%'3&1$X( '3&>#RN"( $"4"Q#R'#%$B( Z#%V"#13$ #%MS&9N"4R(#4>9&'"(>#%"3Y34"(1&#'34"(&%Q3V'R'R M%#D9NR$( %'9( '#&DQ#%:XC"$( %Y"'XMR$( #%'%14%$ $"4"Q#RT"R$( $"VXDQ#RN34R( "&( -B(:%'3&1$#B IV I II III IV dm9'$?(!8+75,&,$3d(pub(">&sf##b #&

60 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Produkcijas izlaide, pieprasījums un darba tirgus U#'$(2"1'9&$W(1"$(9'%#:"(Q%49(E!8(>#%"3Y34"(">VS$#W(C#N"(%Y"'XMR(1&RN343(#%'%14%W(1"$($%19N" C['#$1"#(1&RN343(M%#D9T""#(#%>&#%1TSNR(:%'3&1$XB!9>34R(#%1TQ%4%$(>#%>&"$XN34"("'M%$%g9T"R$(9&RD"(3Q("'$%M#TfR4(>9Q#'XMR4(>"QX4S4(X$'%&4#\" >%&$>%1'XMRW( C%'( #%$>SN"4$W( 1"( &%RVR( E!8( >#%"3Y343( =B( :%'3&1$X( X$V"#:XY#( 9'%#:"( 9QX4XY" V%N3>MS&$'"(1"V%DR&9(">VST3(#%'%14%B 8. ielikums IEPRIEKŠĒJĀ GADA IETEKME UZ REĀLĀ IKP GADA VIDĒJO PIEAUGUMU 25. GADĀ E%>&#%1TSNR( Y"D"( #%'%14%( 3Q( &%RVR( E!8( Y"D"( M#DSN9( >#%"3Y343( 9QX4S( M#%"( Y"D"( >#%"3Y34" D#"4#1"$( #%'%14#( 3Q( Y"D"( M#DSNR( >#%"3Y34"( '%4>3( R1"4"NR( Y"DRB( p#$( NSDQ#%$( #&( 9D%&XY$W ">V[19N9'(Y"D"(M#DSNR(>#%"3Y34"('%4>3W(N9('"$(g"3N(191&S'R(Y"D"(>#%"3Y34"(D#"4#13("'Tf#&'(9 #%>&#%1TSNR( Y"D"( >#%"3Y34"( 4%;R#$1R$( #%'%14%$B( Z"&( C['( V#%'D%&XY#( '9( >"'3&S'( >&R'RW( "&X #'%&>&%'SN9'(&%RVR(E!8(Y"D"(M#DSNR(>#%"3Y34"(>&9Y9Q%$(3(">VS$%$B(p"NR(#%V#134R($#%Y'$(X$$ #%>&#%1TSNR(Y"D"(#%'%14%$(NSDQ#%"(">&"1$'$W(1R("&X(#%>&#%1TSNR(Y"D"(#%'%14%$(3Q(&%RVR(E!8(Y"D" M#DSN9(>#%"3Y343(),,JB(Y"DR(">VS$%$B.!9:%>'3RV#(#%>&#%1TSNR(Y"D"(#%'%14%(9QX4S(Y"D"(M#DSN9(>#%"3Y34"('%4>3W(1RD$(C['3(#%$>SN"4$W N"(191&S'R(Y"D"(=B(:%'3&1$X($"$#%Y'"#$(E!8(VX4%#$(%4"#X'9$(M#$3(R1"49(Y"D3B(`"$(#&(M#%RD$ "&(>&9:%'3($'"&>XC3($'"&>(E!8(=B(:%'3&1$X(3(Y"D"(M#DSN9(E!8(19>34RB(8#%4S&"4W(N"(1RD"(Y"D" =B(:%'3&1T\"(E!8(#&("3Y$'R1$(>"&(TR(Y"D"(M#DSN9(E!8W(#%>&#%1TSNR(Y"D"(#%'%14%(3Q(R1"4R(Y"D" M#DSN9(>#%"3Y343(#&(>9Q#'XM"B ) (),,=B(Y"DR(C#N"(TRD"(>9Q#'XM"(#%>&#%1TSNR(Y"D"(#%'%14%(L$1B(d("''BOB. FX1R13(NSDQ#%"(w#%>&#%1TSNR(Y"D"(#%'%14%(3Q(&%RVR(E!8(Y"D"(M#DSN9(>#%"3Y343w($1"#D&9N343($1B(),,.B(Y"D"(D%:%4C&"(w5S%T" b#g%'%"w(+b(#%v#134r("&++]_76)+$)ll)>,5$74$&448&'$&6)+&/)$/+7f,t$+&,)5$7l$+)&'$sxhb ) n"(&%rv"n"4(e!8(>r&$m"&r(#&(>9q#'xm"('%d%:%w(#%>&#%1tsnr(y"d"(m#dsnr(#%'%14%(#&(>9q#'xm"b A attēls. Euro zonas reālā IKP līmenis un pieaugums 24. gadā un ietekme uz 25. gadu L),,=(x(.,,r(>#%"3Y34"('%4>$($"VXDQ#RN34R("&(#%>&#%1TSN9 :%'3&1$#r($%Q9RV#(#QVXDQ#R'$O I IKP pieauguma temps (kreisâ ass) IKP lîmenis (labâ ass) 24. gada vidçjais IKP lîmenis (labâ ass) II III IV I II III IV dm9'#?(!8+75,&,(3(pub(">&sf##b Iepriekðçjâ gada pozitîvâ ietekme B attēls. Euro zonas reālā IKP gada vidējais pieaugums un tā dalījums iepriekšējā gada ietekmē un gada dinamikā gada dinamika iepriekðçjâ gada ietekme IKP pieaugums dm9'#?(!8+75,&,(3(pub(">&sf##b 8#%QX4%B( 6"D"( D#"4#13( ">&Sf#"( 1R( E!8( >#%"3Y34"( 3 #%>&#%1TSNR(Y"D"(#%'%14%$($'"&>XC3B #'

61 d'1"&xcr( 9( >#%"3Y34"( D#"4#1"$( #%>&#%1TSNR( Y"D"( #%'%14%( Y"D3( 9( Y"D"( M"&( #%MS&9N"4# "'Tf#&'#%$B(8"T&%#QSNR$(),,=B(Y"D"(E!8(>#%"3Y34"(">VS$%$(9&RD"W(1"(#%>&#%1TSNR(Y"D"(#%'%14%(3Q ),,JB( Y"D3( #&(,B=( >&9:%'3( >31'#W( 1"$( >"4"'R( "'C#V$'( ),,-B( Y"D"( D"'#%4( 3( #&( '#1"#( %D"3DQ 4"QR1"(>"&(),B(Y$B(*,B(Y"D3(M#DSN9(&RDX'RN3(L$1B(b("''BOB - (`"$W(1"(=B(:%'3&1T\"(&%RVR(E!8(>#%"3Y34" R'&R(">VS$%(C#N"(%D"3DQ(Q%4R1"(>"&(Y"#DX'9W(M"&(#Q&"#$X'($"4"Q#9T"$(19&%1:#N"$(D"aR$(),,JB(Y"D" &%RVR( E!8( >#%"3Y34"( >&9Y9QS$B( 8#%4S&"4W(!8+7$ \74)$ #&+7=),)+( N"MR&"( M#D[( M%#1'"#$ ">$%19N34$(>#&4$(=B(:%'3&1T\"(R'&R$(">VS$%$(>3CV#$19T""$(>"&%DQSN"(&%RVR(E!8(>#%"3Y343(>"&,B=o(),,=B(Y"D"(=B(:%'3&1$XW(1R(&%Q3V'R'R(#%>&#%1TSNR(Y"D"(#%'%14%('"NR(V"#1R(C#N"(,B+(>&9:%'3 >31'#B( `R>S:( $"4S&R( MRN#%( ),,=B( Y"D"( =B( :%'3&1T\"( &%Q3V'R'#( 9QX4S( 4%;R#$13( >"Q%4#9T3 #%'%14#(,B)(>&9:%'3(>31'3(">N94R(3Q(Y"D&XQ(M#$R4(&%RVR(E!8(>&9Y9QS4(),,JB(Y"D"4B - d>vs$'r( #%>&#%1TSNR( Y"D"( #%'%14%( 3Q( ),,JB( Y"D3( M"&( 4"#X'#%$W( N9( :%'3&1T\"( &RDX'RN3$( M"&S'3( #%'%14S'( Y"#DR4R( Y"D"( 19'3 >3CV#$19T""B PRODUKCIJAS IZLAIDE SEKTORU DALĪJUMĀ UN RŪPNIECISKĀ RAŽOŠANA 8S:( 1&#'34"( D#M9$( #%>&#%1TSN9$( 4S%T9$ &[>#%:#$1R(&"a9T""(L#Q\%49'(C[M#%:XC3O(%3&9 Q9R( D%:%4C&X( $"VXDQ#RN34R( "&( #%>&#%1TSN9 4S%$#(>#%"3Y"(>"&(,BJoB(=B(:%'3&1$X(19>34R &[>#%:#$1R( &"a9t""( $"4"Q#RNR$( >"&(,B=oB E%$>SN"4$W( 1"( TRD3( $"4"Q#RN343( #Q$1"#D&9 X>"T"$(#%QX4%$W(>#%4S&"4W(V#%V"(">N94"(1&RN343 V#1M#DST""( "3'949C#g3( 9Q"&S( 3( 1"V%DR&R #%'%14%( D"aR$( %3&9( Q9"$( M"V$'X$W( ">M#%9N34R "&( VSR13( >"$"3V%$( '#&DQ#%:XC"$( #Q"3Y$4#( 3 %3&9(13&$"(1R>343B 38. attēls. Rūpniecības produkcijas pieaugums un ieguldījums L>#%"3Y34"('%4>$(3(#%Y3VDXN34$r($%Q9RV#(#QVXDQ#R'$r >&9:%'3(>31'9$O kapitâlpreces patçriòa preces starppatçriòa preces kopâ, izòemot bûvniecîbu un enerìçtiku (%) F%1'9&3(D"VXN34R(&[>#%:#$1R$(&"a9T""$(1&#'34$ =B( :%'3&1$X( C#N"( X>"T#( $'&"3NT( #VYV#%'9N34" >"'S&#\"( >&%u3( $%1'9&RW( C%'( 1">#'RV>&%u3( 3 X$V"#:XY#(V#%'9N"49(>"'S&#\"(>&%u3($%1'9&R("&X(C#N" MS&9N"4"( %V#%V"( V%N3>$VXD%( L$1B( -HB( "''BOB!">#'RV>&%u3( $%1'9&R( 9'#1"( 1&"$"( "3'949C#g3 &"a9t""$( $"T"3&#RT"R$W( 19( $"$1"\R( "& ">$%19N343(&%Q3V'R'#%4(M"&($"#$'X'("&(#%MS&9N"49 TX$( 9Q"&%$( 1&RN343( $"4"Q#RT"3B( e"a9t"" %D"3DQ(>#%"3Y"($'"&>>"'S&#\"(>&%u3($%1'9&RW(V"# Y"( $"VXDQ#RN34R( "&( #%>&#%1TSN9( :%'3&1$# 9'#1"(&"a9T""$(>"VS#RT"R$B dm9'#?(!8+75,&,(3(pub(">&sf##b 8#%QX4%B( d'$>9y3g9'#%( D"'#( ">&Sf#R'#( 1R( '&#N3( 4S%T3 :%'&S'"#$( 4"#XY"#$( M#DSN"#$( V#%V34$( $"VXDQ#RN34R( "& "'C#V$'9T9(M#DSN9(V#%V343(>#&4$('&#4(4S%T#%4B. $)

62 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Produkcijas izlaide, pieprasījums un darba tirgus Pozitîvâka iezîme bija tâ, ka dati par faktiskajiem jaunajiem pasûtîjumiem apstrâdes rûpniecîbâ decembrî liecinâja par ievçrojamu pieaugumu. Tas ir pozitîvs îstermiòa signâls, jo jaunajiem pasûtîjumiem ir tendence par vienu mçnesi apsteigt norises raþoðanâ (sk. 23. gada decembra "Mçneða Biïetena" ielikumu New orders in euro area manufacturing industries). Tomçr jaunie pasûtîjumi ir bçdîgi slaveni ar savu nepastâvîbu, un to saikne ar îstermiòa raþoðanas tendencçm daþreiz var bût ïoti vâja. APSTRĀDES RŪPNIECĪBAS UN PAKALPOJUMU SEKTORA APSEKOJUMU DATI 25. gada pirmo divu mçneðu apsekojumu dati ir samçrâ neskaidri, tomçr atbilst mçrenajai izaugsmei gan rûpniecîbâ, gan pakalpojumu sektorâ. Saskaòâ ar Eiropas Komisijas uzòçmumu apsekojumu raþotâju konfidence februârî samazinâjâs par diviem indeksa punktiem, atgrieþoties 24. gada sâkuma lîmenî. Ðo samazinâjumu veicinâja visas konfidences sastâvdaïas. Novçrtçjot pasûtîjumus, atklâjâs lielâkais samazinâjums, bet gan raþoðanas gaidu, gan krâjumu lîmeòa novçrtçjums nedaudz pasliktinâjâs. Iepirkumu vadîtâju indekss (IVI) sniedz nedaudz pozitîvâku apstrâdes rûpniecîbas sektora situâcijas novçrtçjumu ðâ gada 1. ceturksnî (sk. 39. attçlu). Pçc kâpuma janvârî IVI februârî nemainîjâs (51.9; augstâks nekâ vidçjais ðâ indeksa lîmenis 4. ceturksnî) un atbilst rûpniecîbas mçrenajam pieaugumam. Pakalpojumu sektora apsekojumu dati 25. gada februârî pasliktinâjâs attiecîbâ uz gandrîz visiem janvârî panâktajiem uzlabojumiem. Pakalpojumu sektora IVI uzòçmçjdarbîbas aktivitâtes indekss februârî noslîdçja lîdz 53.. Neraugoties uz ievçrojamo kritumu februârî, Eiropas Komisijas pakalpojumu sektora konfidences râdîtâjs pçdçjos mçneðos joprojâm ir stabils. Ðíiet, ka kopumâ situâcija pakalpojumu sektorâ nav mainîjusies kopð 24. gada 4. ceturkðòa, kad pakalpojumu sektora pievienotâ vçrtîba salîdzinâjumâ ar iepriekðçjo ceturksni palielinâjâs par.4%. 39. attēls. Rūpniecības produkcija, ražotāju konfidence un IVI (mçneða dati; sezonâli izlîdzinâti) MĀJSAIMNIECĪBU IZDEVUMU RĀDĪTĀJI Lai gan nacionâlo kontu 24. gada 4. ceturkðòa dati liecina par ievçrojamu privâtâ patçriòa atveseïoðanos pagâjuðâ gada beigâs, nav skaidrs, vai ðâds pacçlums saglabâsies arî ðâ gada sâkumâ. Patçriòa izdevumu kâpumu 24. gada 4. ceturksnî veicinâja jauno reìistrçto vieglo automobiïu skaita palielinâðanâs un pozitîva mazumtirdzniecîbas pieauguma atjaunoðanâs pçc krituma divos iepriekðçjos ceturkðòos. Tomçr ðíiet, ka citu izdevumu posteòu devums, par kuriem pieejams maz informâcijas, arî ir joprojâm spçcîgs. Runâjot par jaunâkajâm norisçm, mazumtirdzniecîbas apjoms decembrî nedaudz palielinâjâs, bet tâ turpmâkâ virzîba joprojâm bûs mçrens pieaugums (sk. 4. att.). Turklât jaunu vieglo automobiïu reìistrçðanas apjoms samazinâjâs gan decembrî, gan janvârî, liecinot par zemu bâzes lîmeni ðâ râdîtâja rûpniecîbas produkcija 1) (kreisâ ass) raþotâju konfidence 2) (labâ ass) IVI 3) (labâ ass) Avoti: Eurostat, Eiropas Komisijas uzòçmumu un patçrçtâju apsekojumi, NTC Research un aprçíini. 1) Apstrâdes rûpniecîba; triju mçneðu pârmaiòas salîdzinâjumâ ar iepriekðçjiem trim mçneðiem (%). 2) Procentu starpîbas; pârmaiòas salîdzinâjumâ ar iepriekðçjiem trim mçneðiem. 3) Iepirkumu vadîtâju indekss; novirzes no indeksa vçrtîbas

63 P#&9>"$(!94#$#N"$( >"'S&S'RN3( 192#D%:%$ &RDX'RN$(>SDSN9$(4S%T9$(>"4"'R(C#N#$($'"C#V$(3 2%C&3R&X("M(4"#XN#%$W(%&"3Y9'#%$(3Q(C%QD"&C" >&9Y9a3( >"$V#1'#RT"9$B( ZS$'3&#$1#( MS&'SN9'W >"'S&S'RN3( 192#D%:%( #&( Q%4"B( `"$( "'$>9Y3g9 #VY$'9T#($V#1'9(D"&C"('#&Y3$($#'3R:#N3(">M#%9N34R "&( %9'%#1'XC3( >"&( '3&>4R19( 2#$1RVR$( >9V#'#1"$ 13&$3( 3( M"V$'$( M%$%VXC"$( ">&[>%$( 3( >%$#N3 $#$'S4"$(#VY'%&4#\"(>%&$>%1'XMR4B 4.2. DARBA TIRGUS 8#%%N"4#%(D"'#(9&RD"W(1"(D"&C"('#&Y3$($#'3R:#N" >"YRN3TR( Y"D"( )B( >3$Y"DR( VSR4( 3QV"C9NR$W Y"VM%91R&'( "'$>9Y3g9N9'( 4S&%9( %1994#$1R$ "1'#M#'R'%$('%4>3B BEZDARBS ),,=B(Y"D"(D%:%4C&X(%3&9(Q9"$($'"D"&'#QS'"#$ C%QD"&C"(VX4%#$(C#N"(HB*o(L9M%4C&X(q(HBHoOB ^%:%4C&X( #%MS&9N"4#( M"#&R1( %1R( #%>&#%1TSN9$ 4S%T9$( %3&9( Q9R( >"V#%V#RNR$( C%QD"&C#%13 $1"#'$W( '94S&( =B( :%'3&1$X( 19>34R( '"$( %D"3DQ 1&#'R$B( P3&9( Q9"$( D"'3( &#D"$( >"TV"#1( #%'%14S >R&'&"3134$( E'RV#N"$( D"'3( >3CV#$19T"RW( 1"$ $* 4. attēls. Mazumtirdzniecība un mazumtirdzniecības un mājsaimniecību sektora konfidence L4S%T"(D"'#O mazumtirdzniecîbas kopapjoms 1) (kreisâ ass) patçrçtâju konfidence 2) (labâ ass) mazumtirdzniecîbas konfidence 2) (labâ ass) dm9'#?(p#&9>"$(!94#$#n"$(3q\s4343(3(>"'s&s'rn3(">$%19n34# 3(!8+75,&,B.O 6"D"( >&9:%'3RVR$( >R&4"#\"$r( '&#N3( 4S%T3( :%'&S'#% 4"#XY#%(V#%V34#r(M%#1'"(D"&C"D#%3($1"#'"(19&%1:#N"B )O 8&9:%'3($'"&>XC"r($%Q9RV#(3(M#DSN#(#QVXDQ#R'"B(d''#%:XCR 3Q( >"'S&S'RN3( 192#D%:#( %3&9( Q9"$( &%Q3V'R'#W( $R19'( "& ),,=B(Y"D"( N"MR&#W( "M( >#VXCR( $"VXDQ#R4#( "&( #%>&#%1T #Q4"'9'"N#%4( $1"#'g#%4( $"1"&R( "&( >R&4"#\R4( /&":#N"$ ">$%19N343(">'"3N"$("1%'RB M#$M"#&R1( C#N"( N['"4$( ),,=B( Y"D"( ">&XVX( L$1B( =.B( "''BOB( `94S&( Y"#DR4$W( 1"( $#'3R:#N"( 3QV"C9$#%$W >3CV#$19N9'(N"MR&"(D"'3$W(13&#(%C#N"(>#%%N"4#(VXDQ(TR(w5S%T"(b#g%'%"w(D"'3(#%$#%YT""$('%&4#\" C%#YR4B NODARBINĀTĪBA G9D"&C#R'XC"$( VX4%#$( ),,=B( Y"D"( -B( :%'3&1$X( $"VXDQ#RN34R( "&( #%>&#%1TSN9( :%'3&1$#( >#%"3Y"( >"&,B)o(L'RD$(>"'$(>#%"3Y34$(1R(#%>&#%1TSNR(4S%$XOB(`94S&(>"4"'R(%4"#XY#%(">19>9'#%(>#%"3Y34" '%4>#( %"'$>9Y3g9( N9>&9NR4( "'Tf#&XYR$( $%1'9&3( '%D%:%$( L$1B( HB( '"C3V3OB(!91&S'R1W( $'&"3N9 9D"&C#R'XC"$( >#%"3Y343( >"1"V>9N343( $%1'9&R( -B( :%'3&1$X( %#'&"V#QSN"( 9D"&C#R'XC"$( '%4>3 >"Q%4#RT"R$(Y"(C[M#%:XCRW(Y"(&[>#%:XCR(>S:(>9Q#'XMR(>#%"3Y34"('%4>"()B(:%'3&1$XB(e"3Y9'#%$ #VYR1"('%&4#\"(>%&$>%1'XMRW(9D"&C#R'XC"$(D"'#(V#%:#"W(1"(>S:(>"1R>%#$1"$(3QV"C9T"R$(.B(>3$Y"DR $#'3R:#N"(">(),,=B(Y"D"(M#D3($'"C#V#QSNR$B `RVR1$(%V#%V$(9D"&C#R'XC"$(>#%"3Y34$(19>R("&(MRNR13(%1994#$1R$("1'#M#'R'%$(D#"4#13(),,=B(Y"D" -B(:%'3&1$X(#Q&"#$XN"(D"&C"(&"aXY34"(>#%"3Y34"(>"VS#RT"9$(L$1B(=)B("''BOB(G%\%49'(MS&R(X$'%&4#\" $MR&$'XC"$W(#&("&M#%(>R&V#%:#9TR1"$(V#%:XC"$(>"&(D"&C"(&"aXY34"(>#%"3Y34"($"4"Q#RT"R$('%D%:# 19>T( ),B( Y$B( *,B( Y"D3( M#D3$B( _"#( Y"( VS$( D"&C"( &"axy34"( >#%"3Y34$( #&( Y"VM%91R&'( D"&C"$>S1" #Q4"'9T""$("Y&R1R(>#%"3Y34"(&%Q3V'R'$W('"$("'$>9Y3g9("&X(>&9D31'#M#'R'#(M%#:#9T9('%;9V9c#N3(%V#%V9 V#%'9N343(L$1B(*B(#%V#1343(wP3&9(Q9"$(D"&C"(&"aXY34"(9&#$%$wOB 8SDSN9$( 4S%T9$( 9D"&C#R'XC"$( Y"#D"$( 19>34R( #&( $'"C#V#QSN3TR$( 3( N9>&9NR4( V#%:#"( >"&( %V#%V3 9D"&C#R'XC"$(>#%"3Y343B(d''#%:XCR(3Q(">$'&RD%$(&[>#%:XC3(P#&9>"$(!94#$#N"$(">$%19N34#(9&RD"(3Q >"4"'R($'"C#VR4W(1"3'(Y"(%D"3DQ(3QV"C9'R4(Y"#DR4(>"&(),,=B(Y"D"(=B(:%'3&1$#(3(TR(Y"D"(>#&4"N#%

64 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Produkcijas izlaide, pieprasījums un darba tirgus 41. attēls. Bezdarbs 42. attēls. Darba ražīgums L4S%T"(D"'#r($%Q9RV#(#QVXDQ#R'#O L:%'3&1T\"(>R&4"#\"$r($%Q9RV#(#QVXDQ#R'"$r(oO 15 mçneða pârmaiòas; tûkstoðos (kreisâ ass) no darbaspçka; % (labâ ass) visa tautsaimniecîba rûpniecîba, izòemot bûvniecîbu dm9'$?(!8+75,&,b 8#%QX4%B(pf#%'"4#(V#%V"#$(C%QD"&C"(VX4%\"(1&#'34$(),,=B(Y"D" ">&XVX(&"D#%$(9(>R&'&"3134"(%3&9(Q9"$(C%QD"&C"(V"#1&#DR$ ),,=B( Y"D"( $R134RB( `"$( '#1$( V"C9'$( '3&>4R1"NR$( D"'3 >3CV#1R:#NR$B dm9'#?(!8+75,&,(3(pub(">&sf##b D#M#%4(4S%T#%4B(p"NR(>"TR(V"#1R(EZE(9D"&C#R'XC"$(#D%1$$(#&(>"1R>%#$1#(>"$V#1'#RN#%$W(V"#(Y"('9 194>%$SN"(#%MS&9N"4#(3QV"C9N34#(2%C&3R&XB(P#&9>"$(!94#$#N"$(">$%19N34#(>"&(>"1"V>9N343($%1'9&3 9&RD"(3Q(>"Q%4#R'R4(Y"#DR4(>SDSN9$(4S%T9$W(C%'(EZE(9D"&C#R'XC"$(#D%1$$(V#%:#"(>"&($'"C#V3 $#'3R:#N3(19>T(),,=B(Y"D"(M#D3$B 8. tabula. Nodarbinātības pieaugums L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSN9(>%&#9D3r($%Q9RV#(#QVXDQ#R'"$r(oO dm9'#?(!8+75,&,(3d(pub(">&sf##b L(7("'$+(:I:J("-+J') *+-:%1@>(""'$+(:I:J(""-+J') M 344M 344M 344N 344N 344N ;;; ;T ; ;; ;;; Z#$"('"3'$"#4#%:XC",B+,B),B,,B,,B.,B),B),95;9k _"31$"#4#%:XC"(3(QM%N#%:XC" I)B, I)B- I,B. I,B. I,B=,B. I,B. e[>#%:xc" I.B. I.BJ I,BJ I,BJ I,BJ,B- I,B) EQ\%49'(C[M#%:XC3 I.B- I)B, I,BJ I,BK I,B+,B, I,B) b[m#%:xc" I,B+,B, I,B=,B, I,B).B) I,B. 8"1"V>9N34#.B=.B,,B),B.,B=,B),B- `#&DQ#%:XC"(3('&"$>9&'$,B=,BJ,B=,B.,B-,B-,BJ /#"$%$(3(194%&:D"&CXC" )B=.B-,BK,B=.B,,B,,B+ Z"V$'$(>R&M"VD%.BH.B) I,B.,B.,B.,B),B. $!

65 9. ielikums EURO ZONAS DARBA RAŽĪGUMA NORISES 8&9D31'#M#'R'%$( 3QV"C9N34#( #&( M#%$( 9( Y"VM%"N#%4( 2"1'9&#%4W( 1"$( M%#:#"( '"3'$"#4#%:XC"$ #Q"3Y$4#(3(>""3Y$'#"(DQXM%$(VX4%#B(p"NR(Q#\R("&(>&9D31'#M#'R'%$(>#%"3Y343($"#$'X'R$(9&#$%$ %3&9(Q9R(>SDSN9$(Y"D9$(V#13T"$(M#V'#%$B(8#%4S&"4W(%3&9(Q9"$(M"V$'3(D"&C"(&"aXY34"(1R>34$W 13&3(9$"1"W(#Q4"'9N9'(9$'&RDR'"NR($'3DR($"&"a9'9(&%RV9(E!8W(>"VS#RNR$(9(M#DSN#()B)o(.**,Bq.**JB(Y"DR(VXDQ(.B-o(.**+Bq),,=B(Y"DRB(p"NR(#%V#134R(X$34R(""V#QS'#(TRD"$(V%N3>$VXD%$(2"1'9&#B `#%1( ">V[19'#( D#M#( >&9D31'#M#'R'%$( &RDX'RN#B( 8#&4"#$( 3( M#$>V"TR1( V#%'9'"#$( &RDX'RN$( #&( D"&C" &"axy34$w('b#bw(3q(1"'&3(#%y3vdx'r(d"&c"(m#%xc3(2"1'#$1#($"&"a9'r(>&9d31:#n"b(^"&c"(#%y3vdxn343 M#$C#%aR1(9$"1"(19>SN9(9$'&RDR'9($'3D3(#Q'%#1$4SW(C%'(Y"DXN349$W(1"D("M(>#%%N"4#(9$'&RDR'9 $'3D3( D"'#( M"#( '#%4( #&( Q%4"( 1M"V#'R'%W( '9( M"&( 9'%#1'W( #Q4"'9N9'( 9D"&C#R'9( $1"#'3B( l'&"#$ >&9D31'#M#'R'%$( &RDX'RN$( #&( 19>SNR( 2"1'9&3( >&9D31'#M#'R'%( L!/8OW( 1"$( >"&RD"( M#$3( L">M#%9'9O #%Y3VDXN343( %2%1'#M#'R'#B( _"#( Y"( C#%a#( 3Q$1"'"W( 1"(!/8( >#%"3Y34$( "'$>9Y3g9( '%;9V9c#$19 >&9Y&%$3W(>&"1$S('9(%M"&(9MS&9'B(`R>S:('9(9$"1"(1R($'"D"&'"(&"a9T""$(231:#N"$("'V#1343(3 '"$(#%'M%&("&X(M"#&R13(:#'3(2"1'9&3W(>#%4S&"4W(194%&:$"C#%D&XC3(#%1TSNR$(9&Y"#QR:#N"$(3QV"C9N343 3(D"&C"$>S1"(>&"$4N3($'&31'[&"$(>R&4"#\3W(#%'%14#B(FM"&XY#("'QX'W(1"(>&9D31'#M#'R'%$(""VXQS(C#%a# &9D"$(4S&XN343(>&9CVS4"$W(X>"T#("''#%:XCR(3Q(!/8(9'%#1T"3B. P3&9(Q9"$(D"&C"(&"aXY34"(1R>34"($"4"Q#RT"R$('%D%:%(19>T(),B(Y$B(*,B(Y"D3(M#D3$(9MS&9'" %"'1"&XY#( 9( 'RW( M"#( D"&C"( #%Y3VDXN343( ">&Sf#"( "''#%:XCR( 3Q( M#%3( D"&C"( $'3D3( M"#( M#%3 9D"&C#R'9(L$1B(d("''BOB(`"u3($"1"&R("&(M#DSNR D"&C"( $'3D3( $1"#'"( $"4"Q#RT"R$( '%D%:# %3&9( Q9R( M#DSN"#$( >&9D31'#M#'R'%$( >#%"3Y34$ $"4"Q#R$W(N"('9(">&Sf#"(3Q(M#%3(9D"&C#R'9B A attēls. Darba režīguma pieaugums L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9 >%&#9D3r(oO F'"D"&'"( >#%"3Y34"( 3Q$1"#'%$( $'&31'[&"( #& vidçji uz vienu nodarbinâto vidçji uz vienu darba stundu >#%4S&9'"( D"&C"( &"axy34"( '#%T9( 9'%#:9T9 uz vienu nodarbinâto 2"1'9&3(""VXQSB ) (p"nr($'&31'[&r(d"&c"(&"axy34" uz vienu darba stundu >#%"3Y343(1"'&R(D"&C"($'3DR(M"&($"D"VX'(D#MR$ $"$'RMD"gR$?( 1">#'RV"( >"DQ#g#RT"RW( 'B#BW ">#'RV"( >"1"V>9N343( "''#%:XC"$( >&%'( 19>SN D"&C"( $'3D3( $1"#'3( >#%"3Y34R( 3(!/ >#%"3Y34RB(!">#'RV"( >"1"V>9N343$( 'RVR1( M"& #%D"VX'( #29&4R:#N"$( 3( 1943#1R:#N"$ '%;9V9c#N3( LE!`O( 1">#'RV"( >"1"V>9N349$( 3 %IE!`( 1">#'RV"( >"1"V>9N349$B( P3&9( Q9"$ D"VXN34$(V#%:#"W(1"(D"&C"(&"aXY34"(>#%"3Y34" dm9'#?(6&9#y%"$(eq"3y$4%$(3("''x$'xc"$(:%'&"(l66^uo(3 >"VS#RT"9$( 19>T( ),B( Y$B( *,B( Y"D3( M#D3$ PUb(">&Sf##B #Q&"#$XN"( Y"VM%91R&'( 4"QR1"( %IE!`( 1">#'RV" 8#%QX4%B(Z#DSN#%(V#%V34#(">&Sf#R'#(>"&(.*H,Bq.*H*BW(.**,Bq.**JB(3(.**+Bq),,=B(Y"D3(L66^U(">VS$%$(>"&(),,=B(Y"D3OB >"DQ#g#RT""W( C%'( 4"QR1( q( VSR1$(!/8 >#%"3Y34$(L$1B(b("''BOB(5"QR13(%IE!`(1">#'RV"(>"DQ#g#RT"3($"M31R&'(M"&($"#$'X'("&($'&"3NR13. p"nr(""vxqs(#q4"'9'#(6&9#y%"$(eq"3y$4%$(3("''x$'xc"$(:%'&"(l66^uo(d"'#r(#29&4r:#n"(>"&("m9'3(>#%%n"4"(#'%&%'r?(;''>?@@ AAABYYD:B%'B(66^U(D"'#(C"V$'R$(3Q(lPU^("M9'#%4W(#%1g"3N9'("&X(>">#VD3(">&Sf#3$(L13&3($M"&XYR1R(9QX4%(#&(1M"V#'R'%$(>R&4"#\3 "'$>9Y3g9N34$OW(1"$(3QV"C9($'"&>'"3'#$19($"VXDQ#R4XC3B(nR#%MS&9W(1"(D"'3("'Tf#&XYR$(>#%%N"4XC"$(DSg(V"#1"(>9$4#("''SV9$("'Tf#&"$B ) F'&31'[&"$(""VXQ#($1B(dB(53$$9(NA9$Q8557R(3(`B(Z%$'%&4""(N:9$b)5,)+=&44R(PUb())B($>%:#RV"NR(>S'XN34R(L),,JO(A55)55*4/ 7,)4,*&'$78,8,$/+7f,T$*4$,T)$)8+7$&+)&$i$&$/+7f,T$&>>784,*4/$)+5)>,*6)B $"

66 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Produkcijas izlaide, pieprasījums un darba tirgus N"33(D"&C"(M#%'3(&"T"R$('%4>3(19>T(),B(Y$B(*,B(Y"D3(M#D3$B(_#%VR1$(9D"&C#R'XC"$(>#%"3Y34$ M"&( C['( $"#$'X'$( "&( D"&C"( $"4"1$"$( #%&9C%a9T"3( 3( D"&C"( '#&Y3$( &%29&4R4W( 13&3( 4S&f#$( #& >""3Y$'#R'(VXDQD"VXC3(D"&C"('#&Y[B(`RDSNRD#(9'#:#$(C['#$1$(>"MS&$#%$(3Q(#'%$XMR13(D"&C"$>S1" #Q4"'9T"3B `94S&(#%$>SN"4$W(1"(>&9D31'#M#'R'%$(9&#$%$(%3&9(Q9R(M"&S'3("'$>9Y3g9'("&X(N"33(>&9D31'#M#'R'# M%#:#9T3('%;9V9c#N3(&%V"'XM#(4"Q9(V#%'9N343B(j>"T#W(D"&C"(&"aXY34"(>#%"3Y34"4(>"V#%V#9'#%$ $%1'9&9$W( 1"$( &"a9( E!`W( '"$( >"Q%4#RN#%$( >R&SN9$( '"3'$"#4#%:XC"$( $%1'9&9$W( 'B$1B( '"N9$W( 1"$ #'%$XMR1(#Q4"'9(E!`(L$1B(U("''BOB - (`"$(19'&"$'S("&($#'3R:#N3(dFZW(13&(M"#&R19$($%1'9&9$W(1"$ #'%$XMR1( #Q4"'9( E!`( L>#%4S&"4W( 4"Q34'#&DQ#%:XC"( 3( M"#&34'#&DQ#%:XC"W( 1R( "&X( 2#"T3 $'"&>#%:XC"$(>">#VD>"1"V>9N343($%1'9&$OW(C#N"(#%MS&9N"4$(>&9D31'#M#'R'%$(1R>34$W(19W(#%$>SN"4$W M"&($"#$'X'("&(#'%$XMR13(E!`(#Q4"'9T"3B px(""vxq%(v#%:#"w(1"(%3&9(q9"$(>&9d31'#m#'r'%$(>#%"3y34"(>"vs#rt"r$(d"gsn#(m"&s'3(c['($"#$'x'" "&(>V"TR13(D"&C"$>S1"(#Q4"'9T"3B(`R(1R(D"&C"$>S1"(#Q4"'9T""$(>#%"3Y34$(>""3Y$'#"("&X(3Q M#%3( #%DQXM9'RN3( $"&"a9'r( &%RVR( E!8( ">N943( 3( 'R( &%Q3V'R'R( 3QV"C9N"$( DQXM%$( VX4%#$W( '9( M"& 3Q$1"'X'( >"&( >9Q#'XM3( 9&#$#B( Z#%V"#13$W( V"#( 1R>#R'3( >&9D31'#M#'R'%$( >#%"3Y343( #VYR1R( V"#1" >9$4RW(>"&(%1994#$1R$(>9V#'#1"$(4S&f#(C['3(NR#QM#&Q"("&X(#9MR:#N3($'#43VST""(3(>&9D31'#M#'R'# $%14SN9T3( '%;9V9c#N3( #Q4"'9T""$( M%#:#RT""B( 89V#'#1"$W( 13&"$( $%14S( 1913&%:%$( 1R>343 >&9D31'3( '#&Y9$W( M%#:#9'( >R&$'&31'3&ST"3( 3( M"#&9N9'( :#VMS1&%$3&$3$W( #%$>SN"4$W( >"R'&#" >&9D31'#M#'R'%$(3QV"C9T"9$(N"39('%;9V9c#N3(#Q4"'9T""$(&%Q3V'R'RB B attēls. Darba ražīguma pieaugums stundā LM#DSN"#$(Y"D"(#%Y3VDXN34$r(>&9:%'3(>31'9$O C attēls. Sektoru ieguldījums stundas vidējā darba ražīguma pieaugumā L#%Y3VDXN34$r(>&9:%'3(>31'9$O IKT kapitâla padziïinâðana ne-ikt kapitâla padziïinâðana kopçjâs faktoru produktivitâtes pieaugums Apstr. rûpn.pakalp. Apstr. rûpn.pakalp. Apstr. rûpn.pakalp. IKT raþoðana IKT izmantoðana ne-ikt Citi. dm9'#?(66^u(3(pub(">&sf##b 8#%QX4%B(E!`(q(#29&4R:#N"$(3(1943#1R:#N"$('%;9V9c#N"$B dm9'#?(66^u(3(pub(">&sf##b 8#%QX4%B( F%1'9&3$( #%D"V"( E!`( &"a9n9t9$w( E!`( V#%'9N9T9$( 3 %IE!`($%1'9&9$("'C#V$'9T#('9(E!`(1">#'RV"(X>"'$M"&"4(1">#'RV" >"1"V>9N343(19>">N94RB - p#%(&%q3v'r'#("'n"39(3(">$'#>&#"(),,.b(y"d"(n[v#n"(w5s%t"(b#g%'%"w(#%v#134r(m)f$:)>t47'7/*)5$&4($h+7(8>,*6*,]$*4$,t)$!8+7 A+)&($#%Y'9$(&%Q3V'R'3$B $#

67 !9>34R(>#%%N"4R(#29&4R:#N"(9&RD"(3Q(>"4"'R(9'3&XY3(9D"&C#R'XC"$(>#%"3Y343(),,=B(Y"D"(C%#YR$ 3(),,JB(Y"D"($R134RB 4.3. EKONOMISKĀS DARBĪBAS PERSPEKTĪVAS e%rvr( E!8( >#%"3Y34$( ),,=B( Y"D"( =B( :%'3&1$X %C#N"( #%>&#%:#9T$W( 3( Tf#%'W( 1"( '9( #%&9C%a9N" 1&RN343( >R&4"#\3( 19&%1:#N"$( 3( %'9 '#&DQ#%:XC"$( %Y"'XMR$( #%'%14%$( '3&>#RT"R$B `3&1VR'( #%$>SN"4$W( 1"( &%RVR( E!8( >#%"3Y343 =B(:%'3&1$X( X$V"#:XY#( #%'%14SN"( #%MS&9N"4" V%N3>MS&$'"( ">VS$'R( 1"V%DR&R( #%'%14%B( `94S& #%1TQ%4%$( >#%>&"$XN34"( 3( X>"T#( >"'S&#\" >"V#%V#RT"R$( M"&S'3( 9&RDX'( 3Q( '9W( 1" %1994#$1R$("1'#M#'R'%$("'M%$%g9T"R$(%3&9(Q9R %D"3DQ(>"$'#>&#R$B pf#%'w( 1"( T"NR( Y"DR( 9D&9T#R'#( M#$#( ">$'R1g# '3&>4R1"#( '"3'$"#4#%:XC"$( #Q"3Y$4%#W( 1"$ '3&>#R$(9$'#>&#R'#%$(),,+B(Y"DRB(pRD3(M#%D91V# >"4"'R( >"3a( $'"&>'"3'#$1R$( 9&Y"#QR:#N"$( 3 >&#MR'#%( >&9Y9a3( M%#D9'RN#W( 3( '9( ">$'#>&#" ),,JB( Y"D"( 4"&'"( PUb( $>%:#RV#$'3( ">VS$%$( L$1B.,B( #%V#1343OB( s&>3$( %3&9( Q9"$( Y"#DR4$W( 1" >"$"3V%$('#&DQ#%:XC"$(>#%"3Y34$(N9>&9NR4(C[$ D#"4#$1$W( $"YV"CRN9'#%$( %3&9( Q9"$( %1$>9&'" 1R>34"4W( %&"3Y9'#%$( 3Q( %$%9( %3&9( 13&$" 1R>343B( P3&9( Q9R( #QD%MXY#%( 2#"$ST""$ 9$":XN34#( 3( $>S:XY"#$( #%R1343( 1R>34$( #& V"CMSVXY$( #%Y3VDXN34#%4W( 3( Y"#DR4$W( 1" >"'S&#\T( #%MS&9N"4#( >#%"3Y$( "'C#V$'9T# >"1R>%#$1"4( &%RV#( #Q4"'9N"49( #%R1343 >"V#%V#RN34"4B F#'3R:#N"( '94S&( #%'M%&( M"#&R13$( &#$1"( 2"1'9&3$B EQ"3Y$4%( R&>3$( %3&9( Q9"$( >"1g"3'"( "3Y$'9( 3 $MR&$'XY9( "2'"$( :%3( 3( #VY$'9TR$( YV9CRVR$ %VXDQ$M"&9'XC"$(V%N3>MS&$'"4(&#$1"4B(F"M31R&' %3&9( Q9R( #QM%#D9N3$#%$( %9'%#1'XC"( >"& >"'S&#\"("''X$'XC3W(C%'(g9'#(#QD%MXY9(2#"$ST""$ 9$":XN343(3(19&>9&"'XMR$(>%g\"$("'N"39T"R$ &%Q3V'R'R(#%Y3VDXN343(1R>34$(M"&S'3(C['(V#%VR1$W %1R(>"TV"#1('#%1(>&9Y9QS'$B 43. attēls. Nodarbinātības pieaugums un nodarbinātības gaidas LY"D"(>R&4"#\"$r(or(>&9:%'3($'"&>XC"$r($%Q9RV#(#QVXDQ#R'# D"'#O nodarbinâtîbas pieaugums rûpniecîbâ (kreisâ ass) nodarbinâtîbas gaidas apstrâdes rûpniecîbâ (labâ ass) nodarbinâtîbas gaidas bûvniecîbâ nodarbinâtîbas gaidas mazumtirdzniecîbâ nodarbinâtîbas gaidas pakalpojumu sektorâ dm9'#?(!8+75,&,w$ P#&9>"$(!94#$#N"$(3Q\S4343(3(>"'S&S'RN3 ">$%19N34#(3(PUb(">&Sf##B 8#%QX4%B(8&9:%'3($'"&>XC"$(#&(M#DSN#(#QVXDQ#R'"$B $$

68 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Produkcijas izlaide, pieprasījums un darba tirgus 1. ielikums SPECIĀLISTU MAKROEKONOMISKĀS IESPĒJU APLĒSES EURO ZONAI 8"4"'9N9'#%$( 3Q( #29&4R:#N3W( 1"$( >#%%N"4"( VXDQ( ),,JB( Y"D"(.HB( 2%C&3R&#4W( PUb( $>%:#RV#$'# $"Y"'"M9N3T#(%3&9(Q9"$(4"1&9%1994#$1R$("''X$'XC"$(#%$>SN3(">VS$%$B. PUb( $>%:#RV#$'3( #%$>SN3( ">VST3( >"4"'R( #&( M"#&R1#( >#%\S434#( >"&( >&9:%'3( V#14S4W( M"V['"$ 13&$#%4W( "2'"$( :%R4W( >"$"3V%$( '#&DQ#%:XC3( R&>3$( %3&9( Q9"$( 3( 2#$1RV9( >9V#'#13B( `9$'"&>W >"4"'9N9'#%$(3Q(&RDX'RN#%4W(1"$(D94#SN"(D#M3(%DSg3(V"#1R(VXDQ(HB(2%C&3R&#4W(#Q'%#1'$('%;#$1"#$ >#%\S434$W(1"(#%$>SN3(">VST3(>%&#9DR(X$'%&4#\"('#&Y3$(>&9:%'3(V#14%$(3(D#M>3$SN#%(M"V['3(13&$# %4"#X$#%$B(`%;#$1#%(>#%\S434#("''#%:XCR(3Q(#VY'%&4#\"(>&9:%'3(V#14S4(3(Y"("2'"$W(Y" %%%&c#n"$( >&%u3( :%R4( C"V$'X'#( 3Q( '#&Y3$( Y"#DR4( VXDQ( HB( 2%C&3R&#4B ) ( 8#%\S434#( "''#%:XCR( 3Q 2#$1RV9(>9V#'#13(C"V$'X'#(3Q(M"V$'3(C3Da%'"(>VR#%4("'$%M#TfR$(%3&9(Q9"$(M"V$'X$B(`#%(#%'M%&(M#$3$ >9V#'#1"$(>"$R1343$W(13&3$(N"3(">$'#>&#RN3T#(M"V$'3(>"&V"4%'#(M"#(13&#(N"3(#&(D%'"V#QS'#(#Q$'&RDR'# 3(13&3$(M"&S'3(>#%\%4'(V#134D9T""$(>&9:%$RB _"#( >"&RDX'3( "&( ">VS$S4( $"#$'X'9( %9'%#1'XC3W( 1"'&"( 4"#XYR( V#%V34"( "'"#9T""#( #Q4"'9 D#">"Q93$B( ^#">"Q93$( M%#D9W( #Q4"'9N9'( "'Tf#&XC"$( $'"&>( 2"1'#$19( #QR1343( 3( M"#&R13 #%>&#%1TSN9(Y"D3(V"#1R($"Y"'"M9'"NR4(">VS$S4B(^#">"Q9$(#&(D#M&%#Q(V#%VR1$(>"&(T9("'Tf#&XC3(M#DSN9 "C$9V['9(MS&'XC3B 8$+>GJ:J$"(--$+HE.":D")-(%'-(:-$)1&"C$7$ 6"#DR4$W( 1"(#%$>SN3(">VST3(>%&#9DR($"YV"CR$#%$($>S:XY"(>"$"3V%$('"3'$"#4#%:XC"$(#Q"3Y$4%W(1"3' Y"('R(C[$(VSR1"(%1R(),,=B(Y"DRB(d&X(dFZ(C['3(NR$"YV"CRN"$($>S:XY"4(&%RVR(E!8(>#%"3Y34"4W '"u3('"$(c[$(4"qr1$(%1r(),,=b(y"drb(6"#dr4$w(1"(sq#nr(l#q\%49'(n">r3o(&%rvr(e!8(>#%"3y34$ #%MS&9N"4#( >R&$#%Y$( >"$"3V%$( M#DSN9$( &RDX'RN3$W( C%'( "&X( C[$( VSR1$( %1R( #%>&#%1TSN9$( Y"D9$B 8"&%DQ"4$W( 1"( :#'R$( V#%V"NR$( M"V$'X$( '3&>#R$#%$( D#"4#$1"( '"3'$"#4#%:XC"$( #Q"3Y$4%B( `3&1VR' Y"#DR4$W(1"(M"V$'X$W(1"$(),,=B(Y"D"(.B(4"#NR(>#%M#%9NR$(P#&9>"$(F"M#%XC"#W($"YV"CR$#%$($>S:XY$ >#%"3Y34"( '%4>$B( 8"&%DQ"4$W( 1"( #%$>SN3( ">VST3( >%&#9DR( >"$"3V%$( #2VR:#N"( 4"QV#%'( >#%"3Y$W '3&>#9'#%$(>"$"3V%$('"3'$"#4#%:XC"$(%1$>"$#N"#B `#%1(VS$'$W(1"(>"$"3V%$(&%RVR(E!8(Y"D"(>#%"3Y34$(R&>3$(%3&9(Q9"$(),,JB(Y"DR(C[$(M#DSN#(">'3M%# =BKo(3(),,+B(Y"DR(q(=B+oB(8"&%DQ"4$W(1"(),,JB(Y"DR(>#%"3Y34$(%3&9(Q9"$(R&SN9$(%1$>9&'" '#&Y9$(C[$(">'3M%#(HB,o(3(),,+B(Y"DR(q(KB=oB. PUb($>%:#RV#$'3(#%$>SN3(">VS$%$(>">#VD#"(P3&9$#$'S4"$($>%:#RV#$'3(4"1&9%1994#$1R$(#%$>SN3(">VS$%$W(19(D#M"$(&%#Q%$(Y"DR 19>XY#($"Y"'"M9(PUb(3(%3&9(Q9"$(":#9RV9(:%'&RV9(C"13(%1$>%&'#B(EQ4"'9'R$(4%'9D%$("'C#V$'(P3&9$#$'S4"$($>%:#RV#$'3 #%$>SN3( ">VS$S$( #Q4"'9'"NR4( 4%'9DS4W( 1"$( ">&"1$'X'"$( D9134%'R( A$ /8*()$,7$!8+75]5,)=$ 5,&LL$ =&>+7)>747=*>$ +7<)>,*74 )W)+>*5)5(LPUbW(),,.B(Y"D"(N[#N$OB )((`R>S:(>#%\%4'$W(1"(X$'%&4#\"(>&9:%'3(V#14%$W(13&"$(4S&"("&(-(4S%T3(P]eEbleW(#%$>SN3(">VST3(>%&#9DR(%4"#X$#%$(L)B.=oOB `%;#$1"#$(>#%\S434$(>"&(M"V['"$(13&$3(%4"#XY343(9QX4SW(1"(%3&9(13&$$("''#%:XCR(>&%'(dFZ(D9VR&3(T"NR(>%&#9DR($"YV"CR$#%$.B-,(3(1"(%3&9(%2%1'XM"#$(13&$$(>"&(.BHo(>R&$#%Y$(),,=B(Y"D"(M#DSN9(VX4%#B(`#&Y3$(Y"#D"$("''#%:XCR(3Q(%3&9(Q9"$(M"V$'3(M"VDXC"$.,(Y"D3(9CV#YR:#N3(94#RV9(>%g\"$(V#14#(&RD"W(1"(">VST3(>%&#9D"(C%#YR$(Y"#DR4$(%V#%V$(1R>34$(9(M#DSN#(-BKo(),,JB(Y"DR(VXDQ M#DSN#(Y"D&XQ(=B,o(),,+B(Y"DRB(8#%\%4'$W(1"(),,JB(Y"DR(%%%&c#N"$(>&%u3(:%"$(dFZ(D9VR&9$(>"1R>%#$1#(>""3Y$'#R$#%$(>"& -B-o(3(),,+B(Y"DR(q(>"&(.BJoB(8"4"'9N9'#%$(3Q('%D%:S4(C#&aR$('#&Y9'9(R19'%$(D"&XN343('#&Y[W(>#%\%4'$W(1"(Y"D"(M#DSNR$ "2'"$(:%"$(>"1R>%#$1#($"4"Q#R$#%$(9(==BK(dFZ(D9VR&#%4(>"&(C"&%V3(),,JB(Y"DR(VXDQ(=)B)(dFZ(D9VR&#%4(>"&(C"&%V3(),,+B(Y"DRB $%

69 \+./.";?8"'$+(:I:J("('/G)+)!8+75,&,(R'&R(">VS$%(>"&(%3&9(Q9"$(&%RVR(E!8(>#%"3Y343(),,=B(Y"D"(=B(:%'3&1$X($"VXDQ#RN34R("& #%>&#%1TSN9(:%'3&1$# - (V#%:#"W(1"()B(>3$Y"DR(9'#13$#("1'#M#'R'%$(4"Q#RT"R$B(`"u3(M"#&R1#(#%4%$V# V#%1( >#%\%4'W( 1"( TX( V%N3>$VXD%( %C[$( #VY$'9T"B( `R>S:( >"&%DQ"4$W( 1"( M#DSN"#$( &%RVR( E!8( Y"D" >#%"3Y34$(),,JB(Y"DR(C[$(.B)q)B,o(3(),,+B(Y"DR(q(.B+q)B+oB(6"#DR4$W(1"(%1$>9&'"(1R>34$W(3Q 19( 9&RD"( >#%\S434$( >"&( N9>&9NR4( $>S:XY3( R&SN9( >#%>&"$XN343W( ">VST3( >%&#9DR( "&X( '3&>4R1 M%#:#R$( %1994#$19( "1'#M#'R'#B( E%1TQ%4%$( >#%>&"$XN34"4( 3( 9D"&C#R'XC"#( M"N"DQS'3 >"1R>%#$1#(9$'#>&#R'#%$B(Z#%V"#13$(Y"#DR4$W(1"($"1"&R("&(9D"&C#R'XC"$(#Q&%Da3(3QV"C9T"9$ 3( M"#&R1R$( %3&9( Q9"$( M"V$'X$( 9'#%19T"NR4( $'&31'3&RV"NR4( D"&C"( '#&Y3$( &%29&4R4( >#%"3Y$ D"&C"$>S1"(>#%DRMRN34$B(!9>34R($"$1"\R("&(#%$>SN3(">VS$S4(C%QD"&C"(VX4%#4(T9Y"D(M"N"DQS'3 $R1'($"4"Q#R'#%$B 8"&%DQ"4$W( 1"( 9( E!8( #%1TQ%4%$( #QD%M343( 194>9%'#%4( "'C#V$'9T#( &%RV#( #Q4"'9N"4#%4 #%R134#%4( >"V#%V#R$#%$( >&#MR'"#$( >"'S&#\TB( e%rv#( #Q4"'9N"49( #%R1343( >#%"3Y343( M%#:#R$ $>SNR1$( 9D"&C#R'XC"$( >#%"3Y34$W( Q%4R1"( #2VR:#N"( 3( :#'3( #%R134"( $"$'RMD"g3W( >#%4S&"4W $"D"VX'R$( >%g\"$w( >9Q#'XM"#$( D%M34$B( `"u3( >"&%DQ"4$W( 1"( $"1"&R( "&( C"aR4( >"&( M"V$'$( 2#"T3 "''X$'XC3(3(#VYR1"('%&4#\"(M"V$'$(M%$%VXC"$(">&[>%$(3(>%$#N3($#$'S4"$(>%&$>%1'XMR4(3(:#'#%4 2"1'9&#%4($"YV"CR$#%$("3Y$'"(3Q1&RN343(D"g"B(6"#DR4$W(1"("'$R1$#%$(19>SNR(#%Y3VDXN343(">N94" 1R>34$W( 19( Y"VM%91R&'( 9'%#1$( 3Q\S4343( #%Y3VDXN34#B( `9$( >9Q#'XM#( #%'%14S$( V"CMSVXY#% 1&%D#'ST""$(9$":XN34#(3($'"C#V"(3Q\S4343(>%g\"B(8"&%DQ"4$W(1"(>&#MR'#%(#%Y3VDXN34#(4RN91VX #%$>SN3(">VST3(>%&#9DR(N9>&9NR4(>#%"3Y$(4S&%R('%4>RB(`R(1R(#%1TQ%4%$(>#%>&"$XN34$(M%#:#R$ #4>9&'"(>#%"3Y343W(#%$>SN3(">VST3(>%&#9DR("M(>"&%DQ"4$(%'9('#&DQ#%:XC"$(#%Y3VDXN34$(&%RVR E!8(>#%"3Y34RB *+,:":,"$DJ(1):"$+)'GA:"('/G)+) 8"&%DQ"4$W( 1"( ),,JB( Y"DR( M#$>R&SNR( F8UE( M#DSN"#$( >#%"3Y34"( '%4>$( C[$(.B+q)B)o( 3 ),,+B(Y"DR( q(.b,q)b)ob( px( #%$>SN3( ">VS$%( C"V$'X'"( 3Q( >#%\S4343W( 1"( ),,JB( 3( ),,+B( Y"DR $"VXDQ#RN34R( "&( ),,=B( Y"D3( >"Q%4#R$#%$( "2'"$( :%"$( 3( %'#%T9( 9D91g3( 3( "D4##$'&"'XM# &%Y3VSN"49(:%3(#%'%14%B 8#%\%4'$W(1"(94#RVR$(D"&C"($"4"1$"$(3Q(M#%3(D"&C##%13(>#%"3Y34$(">VST3(>%&#9DR(N9>&9NR4 C[$(4S&%$B(p"NR(#%$>SN3(">VS$S(\%4'"$(MS&R(%(M#%(1R&'SNR$(M#%9T"R$(>"&("VYR4(3(>"&%DQ"4R - ),,=B(Y"D"(=B(:%'3&1$X(>#%"3Y34"('%4>3($>S:XY#(#%'%14SN"($'"'#$'#$1R(V%N3>MS&$'R(19&%1:#N"($"1"&R("&(%>"&"$'#(V#%V9(D"&C"D#%3 $1"#'3(T"NR(:%'3&1$XB A tabula. Makroekonomiskās iespēju aplēses euro zonai LY"D"(M#DSNR$(>R&4"#\"$r(oO.O 344N Z F8UE )B. (((((.B+q)B) (((((.B,q)B) e%rv"#$(e!8.bh (((((.B)q)B, (((((.B+q)B+ ((8&#MR'"#$(>"'S&#\T (((((((((((((((((((((((((((((((((.B. (((((.B)q.BH (((((.B)q)B+ ((Z"VDXC"$(>"'S&#\$ (((((((((((((((((((((((((((((((((.BJ (((((,BKq.BK (((((,B+q.B+ ((b&3'9(#%y3vdxn34#(>"4"'1">#'rvr (((((((((((((((((((((((((((((((((.BK (((((.B+q=B) ((((()B.qJB- ((P1$>9&'$(L>&%:%$(3(>"1"V>9N34#O (((((((((((((((((((((((((((((((((+B. (((((=B,qKB, (((((=B*qHB. ((E4>9&'$(L>&%:%$(3(>"1"V>9N34#O (((((((((((((((((((((((((((((((((+BJ (((((=BKqHB. (((((=B*qHB-.O ),,=B(Y"D"(=B(:%'3&1$X(>#%"3Y34"('%4>3($>S:XY#(#%'%14SN"($'"'#$'#$1R(V%N3>MS&$'R(19&%1:#N"($"1"&R("&(%>"&"$'#(V#%V9(D"&C"D#%3 $1"#'3(T"NR(:%'3&1$XB $&

70 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Produkcijas izlaide, pieprasījums un darba tirgus 4S&%R(D"&C"('#&Y3$(">$'R1g3(3QV"C9T"R$W(C%'("&X(>#%\S434$W(1"("3Y$'R13("2'"$(:%3(%'#%TR #%'%14%(3Q(94#RV9(D"&C"($"4"1$3(%C[$(9QX4XY"B(e%RVR(E!8(>#%"3Y34"(3(9D"&C#R'XC"$ #%$>SN3( ">VS$%$( 9&RD"W( 1"( D"&C"( &"axy34"( >#%"3Y34$( VSR4( >"V#%V#R$#%$B( prd"$( "VY3( 3 >&9D31'#M#'R'%$("''X$'XC"$(DSg('#%1(>#%\%4'$W(1"(Y"(),,JBW(Y"(),,+B(Y"DR(D"&C"$>S1"(M#%XC"$ #Q4"1$3(>#%"3Y34$(N9>&9NR4(C[$(M#$"#(#%&9C%a9'$B =(/E7D$,.A:J)"(%"344NK"I(7("7+H+J%("$+)'GA:"('/G)GJ F"VXDQ#RN34R("&(),,=B(Y"D"(D%:%4C&"(w5S%T"(b#g%'%Rw(>3CV#:S'"NR4(P3&9$#$'S4"$($>%:#RV#$'3 4"1&9%1994#$1"NR4( #%$>SN3( ">VS$S4( >"&%DQ"4"#$(&%RVR(E!8(>#%"3Y34"(D#">"Q9$(%3&9(Q9R ),,JB( 3( ),,+B( Y"D"4( #&( 19&#cS'$( 3( 19&#cSN9'( #&( 4"QV#%'( >"Q%4#R'$B( `%;#$19( >#%\S &%1:#N"$( $"VXDQ#RN34R( "&( D%:%4C&"( #%$>SN3( ">VS$S4( #&( %V#%V"$( 3( '9( #%'%14%( #&( #%&9C%a9'"B F"4"Q#RN34$( ),,JB( Y"DR( Y"VM%91R&'( "'$>9Y3g9( #%>&#%1TSNR( :%'3&1T\"( #%'%14#( L),,=B( Y"D" =B(:%'3&1T\"(&%Q3V'R'#(1"$(C#N"($V#1'R1#(>"&(Y"#DX'"N#%4OB 8"&%DQ"4"#$( M#$>R&SNR( F8UE( Y"D"( >#%"3Y34"( '%4>"( D#">"Q9$( ),,JB( Y"D"4( %>R&$#%DQ ),,=B(Y"D"( D%:%4C&"( 4"1&9%1994#$19( #%$>SN3( ">VS$S$( >"&%DQS'R( D#">"Q9"( &9C%a"$B( F8UE #%$>SN3(">VST3(D#">"Q9$(),,+B(Y"D"4($"YV"CRN"$(%4"#XY$B B tabula. Makroekonomisko iespēju aplēšu euro zonai salīdzinājums LY"D"(M#DSNR$(>R&4"#\"$r(oO 344N Z F8UE(q(),,JB(Y"D"(4"&'$ )B. (((((.B+q)B) (((((.B,q)B) F8UE(q(),,=B(Y"D"(D%:%4C&#$ (()B.q)B- (((((.BJq)BJ (((((.B,q)B) e%rv"#$(e!8(q(),,jb(y"d"(4"&'$.bh (((((.B)q)B, (((((.B+q)B+ e%rv"#$(e!8(q(),,=b(y"d"(d%:%4c&#$.b+q)b, (((((.B=q)B= (((((.BKq)BK $'

71 5. FISKĀLĀS NORISES Y&*$ /&4$ L*5;2'25$ 47+*5)5$ EFFZ9$ /&(2$ 4)-*<&$ &=*)+*471&5C$ 5,&-*'*,2,)5$ +7/+&==&5 +7/+&==2=C$ =?+t*5$ *+$ 6*(?<7$ -8(o),&$ ()L*>.,8$ 47$ [r$ 47$ VKH &+$ ;7=)45?5$,8+=2;7$ 47(7;38$ '*;=<8$ ;&$ 6*5&5$ *)6?+7<&=2=$ 6&*$ =?+)42=$ 4)&,-*'5,.-2=$ '247$ *),*>./&5$ ;7457'*(2>*<&5$ 5,+&,?u*<&5C$,2(?<2(* 6&*+2;8=5$ 47$,2=$ +7/+&==&5$.5,)471&4&5$,)+=*J&$ *),6&+75$ 4)5&54*)/5$ 5*,82>*<8C$ ;&5$,86& -8(o),&=C$ 6&*$ -8(o),&$ 2+&'*;8=89$ :8+;'2,$ +*5;8$ +&(&$ 7,*=*5,*5;*$ *)J?=8=*C$ 4)47,)*;,*$ 7'*,*;&5$ &52;8=*$ 84$ >)4,*)48$ 4))L);,*6*,2,)9$ :+B;5,$ &+. 6*5&,6)+718$ 5,+8;,8+2'8$ +)L7+=8$ &,,*)>.-2$ '&-6?'./2;*)=$ 47(7;38$ 84$ 24. GADA FISKĀLĀS NORISES F"$1"\R( "&( "1'3"V#QS'"NR$( $'"C#V#'R'%$( >&9Y&"44R$W( 13&"$( %3&9( Q9"$( D"VXCM"V$'#$( #%$#%DQ" ),,=B(Y"D"(C%#YR$W(#%1g"3'"N#%4(D"'#%4(2#$1RVR$(9&#$%$(),,=B(Y"DR(%C#N"(#%>&#%:#9T"$B(Z"VDXC"$ C3Da%'"( D%2#:X'"( 19%2#:#%'$( %3&9( Q9R( ),,=B( Y"DR( $"YV"CRNR$( 19>34R( $'"C#V$( L)BHo( 9( E!8r( $1B *B('"C3V3OB( p#%( &%Q3V'R'#( V#%VR19'#%$( ">$'#>&#"( P#&9>"$(!94#$#N"$( &3D%$( >&9Y9Q#( %3&9( Q9"# ),,=B(Y"DR( L$1B( ),,=B(Y"D"( D%:%4C&"( w5s%t"( b#g%'%"w(..b( '"C3V3OB( 8"&%DQ"4$W( 1"( %3&9( Q9"$ C3Da%'"( D%2#:X'$( C[$( ">'3M%#( >"&(,BJ( >&9:%'3( >31'#%4( 9( E!8( "3Y$'R1$( %1R( #%>&#%1TSN9 $'"C#V#'R'%$(>&9Y&"443("1'3"V#QS'"NR(M%&$#NR(M#DSN#(>"&%DQS'"#$(C3Da%'"(D%2#:X'"(&RDX'RN$B G9&#$%$(%3&9(Q9"$(VX4%X("'$>9Y3g9(2#$1RV9(%"'C#V$'XC3($"YV"CRT"9$(D"3DQR$(D"VXCM"V$'X$B(83$%# %3&9(Q9"$(M"V$'3W(#%$>SN"4$W(C[$(&%V"'XM#(V#%V"$(9M#&Q%$(L1"$(>R&$#%DQ(,BJ(>&9:%'3(>31'3$(9 E!8O(9('9($R19'SN#%4(C3Da%'"(4S&f#%4B(`&#N3(M"V$'3(C3Da%'"(D%2#:X'"(19%2#:#%'#(>R&$#%DQ(-o C3Da%'"( D%2#:X'"( &9C%a3W( $"M31R&'( '&#N3( :#'3( M"V$'3( D%2#:X'"( 19%2#:#%'#( $"$#%DQ( T9( &9C%a3( M"# #%MS&9N"4#('"#('3M9N"$B!9>34R(%Y"'XMR$("''X$'XC"$('%D%:%$(M"V$'$(2#"T3(N94R(%3&9(Q9R(),,=B(Y"DR($"VXDQ#RN34R("& ),,-B( Y"D3( Y"VM%91R&'( #Q$1"#D&9( 2"1'$W( 1"( %'#1"( X$'%9'"( 4S&%R( C3Da%'"( $"4"Q#RT""W( 1"$ >"&%DQS'"(D"VXCM"V$'3($R19'SN9$(>VR9$B(_"#(Y"(#Q"3Y$4%(19>34R("'C#VD"("Y&R1"NR4(>&9Y9QS4W MRNT( >&#MR'"#$( >"'S&#\T( %V"CMSVXY#( #%'%14SN"( #%\S4343( "''X$'XC"$( '%D%:%$B( `94S&( V#%VR19'#%$ 19$9V#DR:#N"$( :%'#%3( '&[1343( 9'%#:"( 9D91g3( V#14N3( >"Q%4#RT""( 3( >"1R>%#$1"( >"Y"#D3 #QVXDQ#RT""$( >"$R1343( #QQ3T""W( 19( :#'#( 19$9V#DR:#N"$( >"$R134#( >#VXCR( %194>%$SN"B( `"u3 $'"C#V#'R'%$(>&9Y&"44R$(#%'M%&'#%(),,=B(Y"D"(&RDX'RN#(>#&49(&%#Q#(>SDSN9$(Y"D9$(9&RD"(3Q(Q#R43 >&9Y&%$3(#QD%M343($"4"Q#RT"RB F"$1"\R("&(N"3R1"NR4("1'3"V#QS'"NR4($'"C#V#'R'%$(>&9Y&"44R4(%3&9(Q9"$(M#DSN"#$(>"&RD"(19%2#:#%'$ ),,=B(Y"DR(%M#$($"4"Q#RNR$W(1R(>VR9'$W(C%'(%D"3DQ(>"V#%V#RNR$(LK.B.o(9(E!8OB(F%>'#\3(M"V$'3 >"&RD"(19%2#:#%'$(>R&$#%DQ"(+,o(9(E!8W('B$1B('&#NR4('"$('3M9N"$(.,,o(M"#(>R&$#%DQ('9$B FISKĀLIE PLĀNI NO 25. GADA LĪDZ 27. UN 28. GADAM d1'3"v#qs'r$( $'"C#V#'R'%$( >&9Y&"44"$( M#DSN#( >&9Y9QS( M#%4S&XY3W( V"#( Y"( 4S&%3W( 2#$1RV9( C#V"u3 3QV"C9T"9$(%3&9(Q9R(),,JB(Y"DR(3('3&>4R1B(`9(">$'#>&#"(%1994#$1R$("1'#M#'R'%$(3("'N"39'9 19$9V#DR:#N"$( :%'#%3( 9$'#>&#RT"R$B( 8"&%DQ"4$W( 1"( %3&9( Q9"$( C3Da%'"( D%2#:X'"( 19%2#:#%'$ ),,JB(Y"DR($"4"Q#R$#%$(>"&(">'3M%#(,BJ(>&9:%'3(>31'#%4(LVXDQ()B)o(9(E!8OW($"M31R&'(%3&9(Q9"$ M"VDXC"$(>"&RD$(),,JB(Y"DR(%D"3DQ($"4"Q#R$#%$(LVXDQ(K,BKo(9(E!8OB %)

72 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Fiskālās norises 9. tabula. Euro zonas valstu aktualizētās stabilitātes programmas L9(E!8r(oO \+./($)";?8"$D(:I)J+) ]:7j+-("$/(,H+)"1&+F$H$+,-) 8(%.7("1&+F$H$+,-) -+J')"WQS WQ",&";?8S WQ",&";?8S 344N" 3445" 344Z" 344Y" 344X 344N" 3445" 344Z" 344Y" 344X 344N" 3445" 344Z" 344Y" 344X ]+Bc$A( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( 9MBO.BH )BH )BJ )B.,B,,B,,B,,B- *KB+ *-B+ *,B. HKB, d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( D%:BO )B= )BJ )BJ )B. )B,,B,,B,,B,,B-,B+ *+B+ *JBJ *.BK HHB, H=B) T.H$A( d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( N"MBO.O.BK( (( )B)J( ( )B)J( ( )B)J ( ( ( I-B)J I)BJ I)B, I.BJ +JB, +JBJ +JBJ +JB, d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( D%:BO.BH.BK( (.BKJ )B, )B,(( I-BKJ I)B* I)BJ I)B, I.BJ +JBJ ++B, ++B, +JBJ +JB, L%$+h$A( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( D%:BO =B) =B, -BH I.B) I,BJ,B, *HBJ *=B+ *,BJ d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( D%:BO -BK -B* =B, =B) IJB-( B I)BH )O I)B+ I)BJ..)B..,*BJ.,+B,.,)BJ ='.,$A( d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( N"MBO -B, -B, -B, -B,,B,,B.,B),B- =*B+ =KBK =JBK =-BH d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( D%:BO )B+ )B* -B, -B, -B, I,BH,B.,B),B=,B= =*B. =+BK ==B- =)B, =,B, <%(,H$A( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( D%:BO.BK )BJ )BJ )BJ I-B+ I)B* I)B) I.BJ +)BH +-B) +)BH +.BH d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( D%:BO )BJ )BJ )BJ )BJ )BJ I-B+ I)B* I)B) I.B+ I,B* +=BH +JB, +=B+ +-B+ +)B, i%$a( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( D%:BO -B- =BK JB) I.B. I.B= I.B. --B- --BJ --Bd1'3"V#QS'R( >&9Y&"44"( L),,=B( Y"D"( D%:BO JB- JB. JB) JB=,B* I,BH I,B+ I,B+ -,BJ -,B. -,B. -,B, ;-./$A( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( 9MBO.B* )B) )BJ )B+ I)B) I.BJ I,BK,B,.,JB,.,-B,.,,B* *HB+ d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( 9MBO.B) )B. )B) )B- )B- I)B* I)BK I)B, I.B= I,B*.,+B,.,=B..,.B* **B) *HB, ^:1)+J:%I( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( 9MBO )B, -B, -BH I.BH I)B- I.BJ JB) JB, =B= d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( 9MBO =B= -BH -B- =B- I.B= I.B, I,B* I.B, JB, JB, =B+ =BJ `E7+%/(,7+ d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( 91'BO.B, )BJ )BJ )BJ I)B- I.B+ I,B* I,B+ J=BJ J-BK J-B, J)B) d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( 9MBO( ( ((.B)J.BJ )BJ )BJ I-B, I)B+ I)B. I.B* J+B- JHB. JHB+ JHB- 6:)-%$A( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( 9MBO.B* )BJ )BJ )B= I,BK I.BJ I.B. I,B= +JBH +=B. +)B- J*B* d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( 9MBO.B* )BJ )BJ )B) )B= I.B- I.B* I.BK I,BH,B, +=B) +-B+ +-B. +.B+ J*B. 8&%-:I./+ d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( D%:BO.B, )BJ )BH -B, I)BH I)B) I.B+ I.B. +,B, J*BK JHB+ JKB, d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( D%:BO.B, )B= )BK )BH I)B* I)BH I)BJ I.BH +)B, +-B. +)BK +.B= =&J$A( d1'3"v#qs'r( >&9Y&"44"( L),,-B( Y"D"( 9MBO )BK )BJ )B= )B=.BK )B. )B. )B) ==BK ==B* =JB, ==B+ d1'3"v#qs'r( >&9Y&"44"( L),,=B( Y"D"( 9MBO -B) )BH )B= )B) )B, )B,.BH )B. )B) )B, ==B+ =-B= =)BJ =.BK =.B. #:%&"D&,( MS ),,-B( 3( ),,=B( Y"D"( "1'3"V#QS'R$( >&9Y&"44"$.B* )BJ )B+ )BJ I)B= I.BH I.B- I,BH K,B. +*BJ +HBJ +KB+ ),,=B( 3( ),,JB( Y"D"( "1'3"V#QS'R$( >&9Y&"44"$ )B, )B- )B= )B= )B- I)BH I)B) I.BH I.B- I,BH K.B. K,BK +*BK +HB- +HB. dm9'#?(),,-b(3(),,=b(y"d"(3(),,=b(3(),,jb(y"d"("1'3"v#qs'r$($'"c#v#'r'%$(>&9y&"44"$(3(pub(">&sf##b.o(d1'3"v#qs'r($'"c#v#'r'%$(>&9y&"44"('#1"(#%$#%y'"(),,-b(y"d"(d%:%4c&xw(3('3&>4r1("1'3"v#qs'#%(d"'#(q(),,=b(y"d"(n"mr&xb )O( PUl/EG( 8"D94%( ),,JB( Y"D"(.KB( 2%C&3R&X( >#%\S4"( VS4343W( 1"$( 9'%#:"W( 1"( 6&#%f#N"#( $"$1"\R( "&( P#&9>"$(!9>#%"$ D#C#RT""$(VXY34"(.,=B(>"'"(*B(>31'3(NR#%$#%DQ(>R&$1"'$W(13&R(#%$1#:S'#(19$9V#DR:#N"$(>VR#W(1"$(>"&%DQ(C3Da%'"(D%2#:X'" $"4"Q#RT"3(Q%4(-o(MSVR1"#$(),,+B(Y"DRW(%M#$(),,JB(Y"DRB -O(P3&9(Q9"$(19>SN9(&RDX'RN3(">&Sf#"(1R(1"'&"$(M"V$'$(>#%%N"49(D"'3(M#DSN9($MS&'9(&RDX'RN3B b3da%'"(>vr#(),,jb(y"dr(9&rd"(3q(4s&%#(#%&9c%a9n9t3(2#$1rv9(9$'rn3(%3&9(q9"$(vx4%xw($"m31r&' %1994#$1R( :#1V"( #%'%14%( 3Q( C3Da%'"( C#V"u3( "''X$'XC3( C[$( %D"3DQ( V"CMSVXY"B( 8VR9'R( C3Da%'" D%2#:X'"($"4"Q#RT""(M"V$'X$(#%MS&9N"4#("'Tf#&"$W(3('"#(#&(M#$V#%VR1R(9QX4%(M"V$'X$W(13&R4(>"TV"#1(#& >R&4S&XY$(C3Da%'"(D%2#:X'$(M"#(13&R4(#&(V#%V"$(%"'C#V$'XC"$B 8VR9'R(C3Da%'"(19$9V#DR:#N"(V#%VR19'#%$(>"4"'9N"$(3Q($R19'SN9(#QD%M343(#%&9C%a9T"3B(`9(9$"1" M"V$'$(>"'S&#\"($"4"Q#RT""(3($9:#RVR$(9D&9T#RT""$(&%29&4"B(^"aR$(M"V$'X$(>VR9'#%($'&31'3&RVR$ %(

73 19$9V#DR:#N"$(:%'#%#(#&(V#%VR1#W(%1R(>&9Y&"44"$(>"4"'$1"#'g9$(9&RDX'#%W(N9('#%(D"gSN#(194>%$S "':%g"49( >"Y"#D3( >"$R1343( #%'%14#B( ^"a"$( M"V$'#$( "&X( '3&>4R1( >"Q%4#R$( 9D91g3( V#14%$W( 3( T9 >"Q%4#RT"3(M"#&R134R(Y"DXN343(>"&%DQS'$(2#"$S'W($"4"Q#9'(#QD%M343$B G%$1"'9'#%$( 3Q( >VR9'"N#%4( 3QV"C9N34#%4W( %3&9( Q9"$( 3( M"V$'3( VX4%X( ),,JB( Y"DR( $"YV"CR$#%$ C['#$1"$( 2#$1RVR$( %"'C#V$'XC"$B( G9( M"V$'X4W( 13&"$( >"TV"#1( >"1g"3'"$( >R&4S&XY"( C3Da%'"( D%2#:X'" 9MS&T""$( >&9:%D[&"#W( ZR:#N"W( /&":#N"( 3( GXD%&V"D%( ">$'#>&#RN3T"$( $"M"$( $"#$'XC"$( ),,JB( Y"DR $"4"Q#R'( C3Da%'"( D%2#:X'3( Q%4( -o( 9( E!8B( d&x( 6&#%f#N"$( "1'3"V#QS'"NR( $R19'SNR( $'"C#V#'R'%$ >&9Y&"44R( ),,JB( Y"DR( C#N"( >VR9'$( $"4"Q#R'( C3Da%'"( D%2#:X'3( Q%4( -ow( C%'W( #%MS&9N9'( PUl/EG 8"D94%$( VS4343W( 6&#%f#N"#( VXDQ( ),,JB( Y"D"( ).B( 4"&'"4( NR#%$#%DQ( >R&$1"'$W( 13&R( NR9&RD" 19$9V#DR:#N"$( >VR#( "'C#V$'9T#( C3Da%'"( D%2#:X'"( $"4"Q#RT""#( Q%4( -ow( MSVR1"#$W( ),,+B( Y"DRB( G9 M"V$'X4W(13&R4(#&(V#%V"$(%"'C#V$'XC"$W(C%'("M(>R&4S&XY"(C3Da%'"(D%2#:X'"W(E'RV#N"(3(89&'3YRV%(>VR9 C3Da%'"(D%2#:X'"(19%2#:#%'3W(1"$(%>&"$"(V#%V"$(19&%1:#N"$(3($"YV"CRN"$(g9'#('3M3(-o(9(E!8B F"VXDQ#RN34R("&(P#&9>"$(!94#$#N"$(&3D%$(>&9Y9Q#(%3&9(Q9"#(),,JB(Y"DR($'"C#V#'R'%$(>&9Y&"44R$ #%'M%&'R$(C3Da%'"(D%2#:X'"(>&9Y9Q%$(#&(9>'#4#$'#$1R1"$B(`"$(Y"VM%91R&'("'$>9Y3g9(D"a3(%3&9(Q9"$ M"V$'3(),,JB(Y"D"4(">$'#>&#R'9$(>">#VD3(>"$R1343$(19>T(!94#$#N"$(&3D%$(>&9Y9a3(>3CV#:ST""$B ^"ar$( M"V$'X$( 9>'#4#$'#$1R1"$( 4"1&9%1994#$1R$( 9&#$%$W( %1R( >&9Y9QS'$( >"YRN3T"NR( &3D%XW( "&X %D"3DQ(3QV"C9$(2#$1RVR$(C#V":%$B 8S:(),,JB(Y"D"(>&9Y&"44"$(>"&%DQ('RVR13(4S&%3(>&9Y&%$3(2#$1RVR$(19$9V#DR:#N"$(N94R(V"CMSVXYR %1994#$1R( M#DSB( 8"&%DQ"4$W( 1"W( #%&9C%a9N9'( #QD%M343$W( '3&>#R$#%$( 2#$1RVR( #%&9C%a9T""W( X>"T# M"V$'X$W(13&R4(#&(2#$1RVR$(%"'C#V$'XC"$B(P1994#$1R("1'#M#'R'%W(1"$("'C#V$'(>9'%:#RV"N"#(#Q"3Y$4%#(M"# '9( >R&$#%DQW( "&X( >"VXDQS$( $"4"Q#R'( C3Da%'"( D%2#:X'3B( 8"&%DQ"4$W( 1"( %3&9( Q9"$( C3Da%'"( D%2#:X'$ >&9Y&"44"$(#%'M"&9$(M#DSN#(Y"DR($"4"Q#R$#%$(>"&(,BJ(>&9:%'3(>31'#%4(9(E!8B(`94S&(),,KB(Y"DRW %$1"'9'#%$(3Q(M"#&R1#%4(V"CMSVXY"$(#Q"3Y$4%$(Y"D#%4W(%3&9(Q9"$(M#DSN"#$(C3Da%'"(D%2#:X'$(N9>&9NR4 >R&$#%Y$(.oB(`9(Y"VM%91R&'(9$"1"('9(V#%VR19(%3&9(Q9"$(D"VXCM"V$'3($1"#'$W(13&"$(>&9Y9a3(#%'M"&9$ '3&>#"(>VR9'(#%MS&9N"43(D%2#:X'3B d1'3"v#qs'r$( $'"C#V#'R'%$( >&9Y&"44"$( 19>34R( >"&%DQ( >#%'#:XYR13( M#DSN"( '%&4#\"( C3Da%'"( D%2#:X'" 4S&f#($"VXDQ#RN34R("&("1'3"V#QS'9($'"C#V#'R'%$(>&9Y&"443(#%>&#%1TSN9(>9$43B(d'1R>%$(9(TR(4S&f" '94S&(>#VXCR(#Q$1"#D&9(C3Da%'"(D%2#:X'"(>R&$#%YT""(),,=B(Y"DRB(8"&%DQ"4$W(1"('3&>4R1"N9$(Y"D9$ #QVXDQ#RT""$(:%'#%#($"YV"CR$#%$(19>34R(%4"#XY#B VIDĒJA TERMIŅA PLĀNU NOVĒRTĒŠANA F'"C#V#'R'%$(>&9Y&"44"$(NR9MS&'SW(\%49'(MS&R(P#&9>"$(!9>#%"$(D#C#RT""$(VXY34"(3(F'"C#V#'R'%$ 3(#Q"3Y$4%$(>"1'"(>&"$XC"$B(Z#$$M"&XYR1"#$(4S&f#$(#&(#QM"#&X'#%$(9(>R&4S&XY"(C3Da%'"(D%2#:X'"(M"#('9 V"#13$( 9MS&$'B( `3&1VR'( F'"C#V#'R'%$( 3( #Q"3Y$4%$( >"1'$( 9$"1"W( 1"W( V"#( 9$'#>&#R'3( M"V$'$( 2#"T3 $'"C#V#'R'#( 3( 9D&9T#R'3( "3'94R'#$19( 2#$1RV9( $'"C#V#Q"'9&3( D&9T3( D"&CXC3W( M"V$'X4( M#DSNR( '%&4#\R NR$"$#%DQ(C3Da%'"($#'3R:#N"W(1"$('3M"(C%QD%2#:X'"(C3Da%'"4(M"#(C3Da%'"(>R&>"V#134"4B(F"$1"\R("& P3&9Y&3>"$(),,)B(Y"D"(91'9C&"(M#%9T"9$W(V"#("''#%:XY"NR(>%&#9DR($"$#%Y'3(4S&f#(9D&9T#R'(C3Da%'" $#'3R:#N3W( 1"$( '3M"( C%QD%2#:X'"( C3Da%'"4( M"#( C3Da%'"( >R&>"V#134"4W( 4##4RV"N#%4( 19$9V#DR:#N"$ :%'#%#%4( NRC['(,BJo( 9( E!8( Y"DRB( /#$1RV9( >VR3( >"4"'R( %$9T"N#%4( 4"1&9%1994#$1"N#%4 >#%\S434#%4(NRC['(&%RV#$'#$1#%4(3(>"$R134#%4(q(>&%:XQ#(9'%#1'#%4B(t%49'(MS&R(#QVXDQ#RT""$ &"1$'3&3W(),,-Bq),,JB(Y"D"(Z#$>R&SNR$('"3'$"#4#%:XC"$(>9V#'#1"$(M"DVX#NR$(LZ`8ZO(3('9(),,=B(Y"D" "1'3"V#QS'"NR(M%&$#NR(M"V$'#$('#1"("#:#R'"$(>"R1'(>&9Y&%$3($'&31'3&RVR$(&%29&4"$(N94RW(V"#(9D&9T#R'3 #VY'$>SNXYR1"$(3(#Q"3Y$4%#(V"CMSVXYR1"$(M"V$'$(2#"$%$B(p9(#$'#'3:#9RV9($"#$'XC3(3(2#$1RV9(>9V#'#13 M"DVX#N3( 4S&f#$( #&( 9D&9T#R'( 3Q'#:ST"9$( M"V$'$( 2#"T3( $'"C#V#'R'%#( 3( 'RDSNRD#( q 4"1&9%1994#$1"N"#($'"C#V#'R'%#B %*

74 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Fiskālās norises 8&%'SN#(TX4(9&RDS4("1'3"V#QS'9($'"C#V#'R'%$(>&9Y&"443(>SDSNR(>9$4R("'$>9Y3g9'$(Q#R4$(>&9Y&%$$W C%'( N9>&9NR4( #&( #%4%$V#( C"aR4B( 8VR9'$W( 1"( %3&9( Q9"$( M#DSN"#$( C3Da%'"( D%2#:X'$( >"$'RMXY# $"4"Q#R$#%$W(C%'(2#$1RVR$(19$9V#DR:#N"$('%4>$(#&(>R&R1(VS$W('R>S:(>&9Y&"443(X$'%9T""$('%&4#\" C%#YR$W(%$1"'9'#%$(3Q('9W(1"('&X$(Y"D3$(#Q"3Y$4%($"$#%DQ"(>9'%:#RV9(#Q"3Y$4#(M"#('9(>R&$#%DQ"W %3&9( Q9"( 19>34R( N9>&9NR4( 3Q&RDX$( #%MS&9N"43( C3Da%'"( D%2#:X'3B( `3&1VR'( >"&%DQ"4$W( 1"( M#DSN"#$ >"&RD"(19%2#:#%'$($"4"Q#R$#%$('#1"#(>"M#$"4(%D"3DQ(3($"YV"CR$#%$('3M3(K,o(9(E!8B(`R>S:(#& &#$1$W(1"(D"VXCM"V$'#$(>#%'#%1"4#(%#Q4"'9$(Y"#DR49$(V"C9$(%1994#$19$(9$":XN343$W(V"#($"M%$'3 1R&'XCR($"M"$(w2#$1RVR$(4RN"$wW('RDSNRD#W(#%$>SN"4$W("'1R&'9N9'(>"YR'%$('"3'$"#4#%:XC"$("3YT3>%N"$ 1g[D"$B P3&9(Q9"$(&RDX'RN#($VS>N("&X(g9'#("'Tf#&XY"$(2#$1RVR$(9&#$%$(D"VXCM"V$'X$(L$1B(.,B('"C3V3W(13&R(#%'M%&'# PUl/EG(8"D94%$("'Q#34#(>"&("1'3"V#QS'"NR4($'"C#V#'R'%$(>&9Y&"44R4OB(!R(>9Q#'XM3("$>%1'3(M"& 4#S'W(1"(>"&%DQ"4$W(q(M#$"$(M"V$'#$W(#Q\%49'(M#%3W(),,JB(Y"DR(9MS&$X$(C3Da%'"(D%2#:X'3B(G%V#%V$ $1"#'$(M"V$'3(>VR9(M#DSNR('%&4#\R($"YV"CR'(M"#($"$#%Y'($'"C#V3(C3Da%'"($#'3R:#N3B(`94S&(M#$4"Q(>3$% %3&9( Q9"$( M"V$'3( >&9Y&"44"$( X$'%9T""$( '%&4#\R( %C[$( $"$#%Y3T"$( C3Da%'"( $#'3R:#N3W( 1"$( '3M" C%QD%2#:X'"(C3Da%'"4B(Z"#&R19$(Y"DXN349$(C3Da%'"(>VR3(X$'%9T"3(9$"1"(%D"3DQ(9>'#4#$'#$1R1$ 4"1&9%1994#$1"#$($:%R&#N$B(`3&1VR'(D"VXCM"V$'X$W(13&R4(#&(2#$1RVR$(%"'C#V$'XC"$W('9(M#DSN"('%&4#\" 2#$1RV9( 4S&f3( $"$#%YT""( #&( %( '#1"#( "'1"&XY"( 9( 4"1&9%1994#$1R$( M#D%$W( C%'( "&X( >&"$" 19$9V#DR:#N"$(>"$R1343(>#VXY3(3($"MV"#:XY3(9'%#1T"3(3(X$'%9T"3B d''#%:xcr(3q(m"v$'$(2#"t3($'"c#v#'r'#(3(v"cmsvxy"$(%1994#$1r$(m#d%$(>&9y9qs4($"yv"crn"$(c['#$1"$ >&9CVS4"$B(_#%VR(D"gR(%3&9(Q9"$($"YV"CRN"$("3Y$'#(#QD%M343(3(#%\S4343(19%2#:#%'#W(1R("&X(>"&RD" 3("&(#%DQXM9'RN3(9M%:9T"3($"#$'X'R$(%'#%TR$($"#$'XC"$B(_"#(Y"(M"#&R1"$(D"VXCM"V$'#$(>VR9(M%#1' R1"49$(>"$R1343$($"M3($9:#RV9(9D&9T#RT""$($#$'S43(>R&M%#D9T"RW(TX$(&%29&4"$(%(M#%4S&(#& >#%'#%1"4#(>V"T"$W(191&S'"$(M"#(D"3DQ>3$XY"$B(`R>S:W(V"#(M%#:#R'3(%3&9(Q9"$(#Q"3Y$4%$(>9'%:#RV3 3($"Y"'"M9'9$(D%49Y&R2#$19(>R&4"#\3(2#$1RV"NR4($%1R4($"$1"\R("&(_#$"C9"$($'&"'Sc#N"$(3(Z`8Z 4S&f#%4W(%>#%:#%T"4$(#%MS&9N"4#(V#%VR1$(>&9Y&%$$B VALSTU STRATĒĢIJAS UN GALVENIE RISKI i%'&3( M"V$'3W( 13&R4( ),,=B( Y"DR( C#N"( >R&4S&XY$( C3Da%'"( D%2#:X'$W( "1'3"V#QS'"NR$( $'"C#V#'R'%$ >&9Y&"44R$( "'$>9Y3g9'"( D#%QY"( %$1"#D&"( $#'3R:#N"B( ZR:#N"( 3( /&":#N"( >VR9( $"4"Q#R'( C3Da%'" D%2#:X'3(VXDQ(-o(9(E!8(D%2#:X'"("'$"3:%$(MS&'XC"$(M"#(%D"3DQ(Q%4('R$W('RDSNRD#('#1"#(#Q>#VD9'($"M"$ $"#$'XC"$B( GXD%&V"D%( >VR9( 3Q&RDX'( C3Da%'"( D%2#:X'3W( 1"$( #&( %D"3DQ( Q%4( -o( 9( E!8B( `"$( #& ">$M%#:"4#W(V"#(Y"(>#&4"N9$(D#M9$(Y"DXN349$W(N"(9QX4XY#(M#%&%#QSN#(>"$R134#(M"&(>"VXDQS'($"$#%Y' T9$(4S&f3$W(2#$1RVR($#'3R:#N"(N9>&9NR4(C[$(g9'#(MR&XY"B(Z#DSNR('%&4#\R(M#$"$('&X$(M"V$'#$(>VR9(>R&R1 VS3(>&9Y&%$3W(V"#($"$#%Y'3($#'3R:#N3W(1"$('3M"(C%QD%2#:X'"(C3Da%'"4(M"#(C3Da%'"(>R&>"V#134"4(3 13&"(%'#1$($"$#%Y'"(VXDQ(),,KB(Y"D"4B 6&#%f#N"$( Y"DXN34R( PUl/EG( 8"D94%( $"$1"\R( "&( _XY34"(.,=B( >"'"( HB( >31'3( 9VS43$#W( 1" ),,JB(Y"DR("M(M%#1'"(%2%1'XM"(D"&CXC"(M"V$'$(>R&4S&XY"(C3Da%'"(D%2#:X'"(9MS&T""#W('RDSNRD#("M #%MS&9'"(8"D94%$(e%194%DR:#N"($"$1"\R("&(.,=B(>"'"(KB(>31'3B(8S:('"4(8"D94%(>#%\S4"(VS4343 $"$1"\R("&(.,=B(>"'"(*B(>31'3W("#:#9'(6&#%f#N3(M%#1'(>"$R1343$W(V"#(9MS&$'3(>R&4S&XY"(C3Da%'" D%2#:X'"($#'3R:#N3W(V"#(Y"('R(>"Y"&#RN"( '%&4#\3(>R&4S&XY"(D%2#:X'"(9MS&T""#( 9(),,JB(Y"D"(VXDQ ),,+B(Y"D"4B E&($M"&XY#(3(">$M%#:"4#W(1"(>R&4S&XY"(C3Da%'"(D%2#:X'"(9MS&T""$(>&9:%D[&"$(X$'%9T"RW(1"$($1"& 6&#%f#N3W( $>%&'$( R1"4"#$( $9V#$B( `"$( "'$>9Y3g9(!94#$#N"$( 3( 8"D94%$( Y"'"MXC3( M%#1'( >&9:%$3RV3$ >"$R1343$W( 1"$( #&( >V"TR1#( >"&( #%>&#%1T( M%#1'"N#%4B( `94S&( >R&4S&XY"( C3Da%'"( D%2#:X'"( 9MS&T""$ '%&4#\"( >"Y"&#RT""( &"D"( C"a"$B( 6&#%f#N"#( 9'%#1'$( M#%YVR1( $"$#%DQ"4$( 4S&f#$W( %1R( 'R( N"3( C#N" %!

75 1. tabula. Padomes atzinumi par euro zonas valstu aktualizētajām stabilitātes programmām (no 25. gada līdz 27. un 28. gadam) T(/)-) ]+Bc$A( W3445k344XS T.H$A( W3445k344XS ='.,$A( W3445k344XS <%(,H$A( W3445k344XS i%$a( W3445k344YS ;-./$A( W3445k344XS ^:1)+J:%I( W3445k344YS `E7+%/(,7+ W3445k344YS 6:)-%$A( W3445k344XS =&J$A( W3445k344XS 8.%JG%EI) :7j+-("7+F$HE-) WC$%)"MQ",&";?8S G"M 5S&f#('9(9MS&$' ),,JB( Y"DR G"M 5S&f#('9(9MS&$' ),,JB( Y"DR G"M G"M G"M G"M G"M G"M 9:C( +D7+F$HE-( :7j+-(J nrw(1"'&3 Y"D3 G"M(VXDQ ),,HB( Y"D"4 nrw(1"'&3 Y"D3 G"M(VXDQ ),,HB( Y"D"4 nrw(1"'&3 Y"D3 G"M(VXDQ ),,HB( Y"D"4 nrw(1"'&3 Y"D3 G"M(VXDQ ),,KB( Y"D"4 GSW(#Q\%49' ),,HB( Y"DR nrw(1"'&3 Y"D3 O(1%&+1&,&J$)1($) )H+,.%$A) d'$>9y3g9('#:"43$ #Q"3Y$4%$(>#%\S4343$ EQ"3Y$4%$( >&9Y9Q% ),,JB( Y"D"4( Tf#%' D#%QY"(9>'#4#$'#$1"r $:%R&#N$(>S:('"4(Tf#%' '#:"4$ e%v"'xm#(9>'#4#$'#$1$ pf#%'w( 1"( '"$( "'$>9Y3g9 '#:"43$(#Q"3Y$4%$ >#%\S4343$ pf#%'w( 1"( '"$( "'$>9Y3g9 '#:"43$(#Q"3Y$4%$ >#%\S4343$ pf#%'w( 1"( '"$( "'$>9Y3g9 %D"3DQ(9>'#4#$'#$13$ #Q"3Y$4%$(>#%\S4343$ pf#%'w( 1"( '"$( "'$>9Y3g9 '#:"43$(#Q"3Y$4%$ >#%\S4343$ 6-$/)-E( (--$+HEI.)"C(/)-) T98T!9>34R("'C#V$' ^"gsn#("'c#v$'b 8VR9'R( 19&%1:#N" ),,KB( 3 ),,HB( Y"DR( Q%4,BJ( >&9:%'3 >31'#%4( 9( E!8W 3( 'R( #&( >"1g"3'" &#$1"4 ^"gsn#("'c#v$'b(zsv NRX$'%9(#%'%#1'R M"V$'$(>%$#N3 $#$'S4"$(&%29&4" U+F$HE-(2"1()"'.%),$+7D MQ",&";?82"%$)1) 3445K"I(7."C($"CG/.1 GSW(>"&"$'3(:#1V#$13 $MR&$'XC3(Y"DXN34R G%Tf#%'W( 1"( C3Da%'" $#'3R:#N"(9D&9T#R'3 >#%'#%1"43(D&9TXC"$ &9C%a3("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4(VXDQ ),,HB( Y"D"4 GSW("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4 ^"gsn#("'c#v$'b G%Tf#%'W( 1"( C3Da%'" 8&9Y&"44R $#'3R:#N"(9D&9T#R'3 9'%#1'"NR('%&4#\R >#%'#%1"43(D&9TXC"$ >#VXCR("M &9C%a3("&(>"&"$'R4 $"$#%Y'"($#'3R:#N"W 4"1&9%1994#$1R4 1"$( '3M" $MR&$'XCR4(VXDQ C%QD%2#:X'" ),,KB( Y"D"4 C3Da%'"4!9>34R("'C#V$' GSW("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4 ^"gsn#("'c#v$'b 8&9Y&"44" %>"&%DQ($#'3R:#N3W 1"$( '3M" C%QD%2#:X'" C3Da%'"4( M"# C3Da%'" >R&>"V#134"4!9>34R('#:"4$ ^"gsn#("'c#v$'b(g"m >&9Y&%$"("''#%:XCR 3Q($#'3R:#N3W(1"$ '3M"(C%QD%2#:X'" C3Da%'"4( M"# C3Da%'" >R&>"V#134"4(>S: ),,JB( Y"D" e%rv#$'#$1$w(c%'(tf#%' D#%QY"(9>'#4#$'#$1$ ),,KB( 3( ),,HB( Y"DR pf#%'w( 1"( '"$( "'$>9Y3g9 D#%QY"(>#%$"&DQXY3$ #Q"3Y$4%$(>#%\S4343$ G%Tf#%'W( 1"( C3Da%'" $#'3R:#N"( ),,JB( 3 ),,+B( Y"DR( 9D&9T#R'3 >#%'#%1"43(D&9TXC"$ &9C%a3("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4 ;/I-+%J$>( :7j+-("%$)1) pf#%'w( 1"W >"4"'9N9'#%$(3Q >"T&%#QSN9(C&3'9 >"&RD"(VX4%#W(#& Q#R4$(&#$1$ pf#%'w(1"(#&(q#r4$ &#$1$B(EVY'%&4#\" 9'3&XC" V#%VR19'#%$ "'1"&XY"(9 >VR9'R$( C3Da%'" 19$9V#DR:#N"$ $"$#%YT""$ M#DSNR('%&4#\R(3 9( >"&RD"( VX4%\" $"4"Q#RT""$ e%v"'xm#(v"cmsvxy" $#'3R:#N"W(C%' N9>&9NR4 %>#%:#%T"4# >">#VD>"$R134#W X>"T#(>%$#N3 &%29&4R pf#%'w( 1"( #& Q#R4$(&#$1$B `3&>4R1"N9$ Y"D9$( C['3 %>#%:#%T"4" >">#VD3( C3Da%'" 19$9V#DR:#N"(3 &%29&4"$ pf#%'w( 1"( 'R( #& &%V"'XM#(V"CMSVXYR $#'3R:#NR pf#%'w(1"('"#(#& Q#R4$(&#$1$B G9$":X'"("''#%:XCR 3Q( >#VXY3( C3Da%'" 4S&f3(3(>%$#N"$ &%29&4"$ X$'%9T"3W( 'R M"&S'3(C['(&%V"'XM# V"CMSVXYR($#'3R:#NR.O( PUl/EG( 8"D94%$( ),,JB( Y"D"(.HB( N"MR&XW(.KB( 2%C&3R&X( 3( HB( 4"&'R( $#%Y'#%( "'Q#34#( >"&( M"V$'3( ),,=B( Y"D"( C%#YR$ #%$#%Y'"NR4(>&9Y&"44R4B q pf#%'w( 1"( C3Da%'" $#'3R:#N"(9D&9T#" >#%'#%1"43(D&9TXC"$ &9C%a3("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4 G%Tf#%'W( 1"( ),,+B( 3 ),,KB( Y"DR( C3Da%'" $#'3R:#N"(9D&9T#R'3 >#%'#%1"43(D&9TXC"$ &9C%a3("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4 ^"gsn#("'c#v$'b GSW("&(>"&"$'R4 U#1V#$1#(#QVXDQ#R'R 4"1&9%1994#$1R4 >9QX:#N" $MR&$'XCR4 ),,JB( Y"DR #%MS&9N"4# >"$V#1'#R$!9>34R("'C#V$' GSW("&(>"&"$'R4 4"1&9%1994#$1R4 $MR&$'XCR4 pf#%'w( 1"( 'R( #& V"CMSVXYR($#'3R:#NR e%v"'xm#(v"cmsvxy" $#'3R:#N" #VY'%&4#\" 9'3&XC"$( Q#\R pf#%'w( 1"( 'R( #& &%V"'XM#(V"CMSVXYR $#'3R:#NR pf#%'w( 1" #VY'%&4#\" 9'3&XC"$(Q#\R('R #&(V"CMSVXYR $#'3R:#NR %"

76 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Fiskālās norises >VR9N3$#( ),,JB( Y"D"( C3Da%'RW( 3( D9'"( #%$>SN"( VXDQ( Q#R4"#( &9C%a"#( #'%&>&%'S'( 9'%#1343$( 3 >&9:%D[&"$B(`"$(M"&S'3(%Y"'XM#(#%'%14S'(2#$1RVR$($'&31'[&"$(3Q'#:"4XC3W(\%49'(MS&R("&X('9W(1"('%&4#\" >"Y"&#RT""(&"DXN3$#(9QX4XY"$(:"3&&%DQ"4XC"$(>&9CVS4"$W($M"&XY3(D"'3(>R&$1"'XT"3(3(>R&4S&XY# %1$>"$XM3(>9V#'#13(),,=B(Y"DRB(G%D&X1$'(>#%g"3'($#'3R:#N3W(1"(TRD"(&X:XC"(&"DX'3(49&RV3(1"#'SN343B Z"V$'X4( %M"N"DQS'3( 3Q$1"'X'W( 1"( %"'C#V$'XCR4( '#1"#( NRC['( >#%'#%1"4#( 9>#%'R4W( V"#( >R&4S&XY" C3Da%'"(D%2#:X'"(9MS&T""$('%&4#\T('#1'3(>"Y"&#R'$B(`"$(C['3(>&%'&3R("&(8"1'"(4S&f#("''3&S'(M"V$'#$ 9(>R&4S&XY"(C3Da%'"(D%2#:X'"(&"DXT""$(3W(N"('"$(&"$'9$W(>&"$X'('R(9>%&"'XM3(9MS&T"3B(`3&1VR'W(N" >R&4S&XY"(C3Da%'"(D%2#:X'"(9MS&T""#("'MSVS'3(M"#&R1(V"#1"W('"$(M"&S'3(#Q&RDX'#%$(%%2%1'XM#W(N"('#%1 "'V#1'"$(Y&['#(X$'%9N"4"$(&%29&4"$(3(C"a"$(>"&(M"V$'$(2#"T3($'"C#V#'R'#(4"Q#"(3Q'#:ST"9$B Z"V$'X4W( 13&R4( #&( >R&4S&XY$( C3Da%'"( D%2#:X'$W( '"Y"D( %%&c#$1#( NR>#VD"( $"#$'XC"$B( _"#( 9D&9T#R'3 $'&"3NR13( C3Da%'"( D%2#:X'"( $"4"Q#RT"3W( NR#Q4"'9( V#%VR1"( #Q"3Y$4%W( %1R( >&9Y9QS'$W( M"#( :#'# 2"1'9&#B(Z#$R4(D"VXCM"V$'X4(VXDQ(>&9Y&"44"$(X$'%9T""$('%&4#\"(C%#YR4(C['3(NR$"$#%DQ($#'3R:#N"W 1"$('3M"(C%QD%2#:X'"(C3Da%'"4(M"#(C3Da%'"(>R&>"V#134"4B(_"#($"4"Q#R'3(&#$13("'N"39'(M"#($"YV"CR' V#%V3(D%2#:X'3W(2#$1RV"N#%4(>VR#%4(NR>"4"'9N"$(3Q(&%RV#$'#$1#%4(4"1&9%1994#$1#%4($:%R&#N#%4(3 >#%'#%1"4#(Y&['#($"$#%DQ"4#%4(3(>&%:XQ#(9'%#1'#%4(19$9V#DR:#N"$(>"$R134#%4B(6&['#($"$#%DQ"4" 19$9V#DR:#N"( %( M#%4S&( %Y"'XM#( #%'%14S( %1994#$19( "1'#M#'R'#W( N"( 'R( #&( D"g"( 9( M#$">'M%&9T"$ &%29&4"$($'&"'Sc#N"$B(pRD"#($'&"'Sc#N"#(C['3(NR9D&9T#"(&#$#RN34$(%('#1"#(V#%V"(D%2#:X'"W(C%'("&X($>S:XY# #Q1&9>g9'3(9D91g3(&%aX43W(%%2%1'XM3(#QD%M343(VX4%\3(3(49D%g3W(1R("&X("&(#%DQXM9'RN3(9M%:9T"3 $"#$'X'9($"Y"#DR49(#QD%M343(>#%"3Y34"(Y"DXN34RB ^"3DQR4(M"V$'X4(#&(C['#$1"$(2#$1RVR$(%"'C#V$'XC"$W(X>"T#(E'RV#N"#(3(89&'3YRV%#B(pX4(M"V$'X4(#&(>VR# "':%V'(>"Y"#D3(>"$R1343$W(C%'(C3Da%'"(>VR#(9&RD"(3Q(%>#%'#%1"43(19$9V#DR:#N3W(M#$4"Q(D"a9$ Y"D9$B(`RDSNRD#(>R&4S&XY"(C3Da%'"(D%2#:X'"(&"DXT""$(&#$1$(X$R('%&4#\R($"YV"CR$#%$("3Y$'$B(b3Da%'" $#'3R:#N"W( 1"$( '3M"( C%QD%2#:X'"( C3Da%'"4W( %'#1$( $"$#%Y'"( VXDQ( >&9Y&"44"$( X$'%9T""$( '%&4#\" C%#YR4W( N"( M#$>R&( '#1$( $"$#%Y'"B( b3da%'"( 4S&f3( $"$#%YT""( #&( >"1g"3'"( &#$1#%4W( 19( Y"VM%91R&' 9$"1"( 9>'#4#$'#$1#( #Q"3Y$4%$( >#%\S434#( 3( %>#%'#%1"4#( 9'%#1'#( >"$R134#( M"#( #QVXDQ#RT""$ >"$R134#W(1"$(#%'M%&($VS>'"$(#Q4"1$"$B(pX4(M"V$'X4(C['3(V"#13$(NRX$'%9(>"$R134#(3(&[>XY#(NR>#VD" $"M#(C3Da%'#W(V"#(#QM%#D9'3(>#%'#%1"4"$(D&9TXC"$(4"&a"$W(1"$(g"3'3("3'94R'#$1"N#%4($'"C#V#Q"'9&#%4 D"&C9'#%$W( %>R&$#%DQ9'( -o( C3Da%'"( D%2#:X'"( &9C%a3B( E%'%#:"4$( >#%'#%1"4#( R'&$( >&9Y&%$$( $'"C#V"$ C3Da%'"( $#'3R:#N"$( 9D&9T#RT"R( 3( M"V$'$( >"&RD"( 19%2#:#%'"( $"4"Q#RT"RW( 3( 19$9V#DR:#N"( #& M#$V"CR1(#'%Y&S'"(D&9TR(3(192#D%:#(M"#&9N9TR(&%29&43($'&"'Sc#NRB 8R&SNR4( D"VXCM"V$'X4( NR$"YV"CR( $"M"( $'"C#VR( C3Da%'"( $#'3R:#N"W( N"( %>#%:#%T"4$W( X$'%9N9'( 2#$1RV9 $'&31'3&RV9( &%29&43B( `"$( "&X( >"VXDQS$( 9$'#>&#R'( M"V$'$( 2#"T3( $'"C#V#'R'#W( 3QV"C9N9'( $>S:XY"$ #VY'%&4#\"( %1994#$1R$( #Q"3Y$4%$( >%&$>%1'XM"$B( p"nr( 19'%1$'R( %1994#$19( $'"C#V#'R'#( M"&( D&9T# M%#:#R'("&("3'94R'#$19(2#$1RV9($'"C#V#Q"'9&3(>"VXDQXC3B %#

77 6. VALŪTAS KURSS UN MAKSĀJUMU BILANCE 6.1. VALŪTU KURSI &,,*)>.-2$ +),$ 6&'B,2=9$ 56&+*)=$ 56?+,&<2$ )8+7$ ;8+5& EURO KURSS ATTIECĪBĀ PRET ASV DOLĀRU 8S:(1&#'34"("''#%:XCR(>&%'(dFZ(D9VR&3(2%C&3R&" >#&4"NR( >3$S( %3&9( 13&$$( 4S%T"( 9'&"NR( >3$S >"V#%V#RNR$W( V"#( )B( 4"&'R( 9$VSY'3( >%&#9D3 %D"3DQ( "3Y$'R1R( VX4%X( %1R( N"MR&"( C%#YR$ L$1B(==B("''BOB(pf#%'W(1"(TX$(%3&9(13&$"($MR&$'XC"$ "''#%:XCR(>&%'(dFZ(D9VR&3W(1"$("'$>9Y3g9(VXDQXY3 dfz(d9vr&"(13&$"(d#"4#13("''#%:xcr(>&%'(:#'r4 9QX4XYR1"NR4(M"V['R4W($"#$'X'"$("&(>R&4"#\R4 '#&Y3$(D"VXC#%13(MS&'SN34R(>"&(#%$>SN"4R$(dFZ '%19TR(19'"(D%2#:X'"(#QVXDQ#RT""$(1"RV#%4(3 '%4>3B( d>v[19n9'( $X1R1W( Tf#%'W( 1"( dfz( D9VR&" 9$'#>&#RT"R$( "''#%:XCR( >&%'( %3&9( 3( :#'R4 9QX4XYR1"NR4( M"V['R4( 2%C&3R&"( >#&4"NR( >3$S "''#%:"$( 3Q( #QQ[D9T"NR4( '#&Y3$( C"aR4( >"&( dfz R&SN9( %$"C"V"$S'XC3B( b"a3( 4"Q#RT"9$ 9'%#:"( >R&V#%:#9T#( dfz( >9V#'#1"$( M%#D9'RN3 ">Y"VM9N34#W( 1"$( V#%:#RN"( >"&( MSV4#( "1'XMR1 9MS&$'( 2#$1RV9( D%2#:X'3B( `94S&( 4S%T"( 9'&"NR >3$S( V#1R$W( 1"( $R19'SN"#$( 9>'#4#$4$( >"&( dfz '%19TR(19'"(3(2#$1RVR$(>9V#'#1"$(>%&$>%1'XMR4 >R&'">#$( >#%$"&DQXYR1R( D"g"$( '#&Y3$( D"VXC#%13 "''#%1$4SB( d'n"39n3tr$( C"a"$( 3( Q#\"$W( 1" sq#n"$( :%'&RVR$( C"1"$( ">$M%&( #%$>SN3( D"aRD9' $"M"$(R&M"V$'3(M"V['"$(&%Q%&M%$W(#%'%14SN"(dFZ M"V['3W( X>"T#( 2%C&3R&"( C%#YR$B( )B( 4"&'R( %3&9 19>34R( "'C#VD"(.B-.( dfz( D9VR&"4( L>"&(,BJo "3Y$'R1$( VX4%#$( %1R( N"MR&"( C%#YR$( 3( >"& JB-o( "3Y$'R1$( %1R( ),,=B( Y"D"( M#DSN"#$ VX4%#$OB EURO KURSS ATTIECĪBĀ PRET JAPĀNAS JENU 8S:($MR&$'XCR4(D#%QY"(T"3&R$(&9C%aR$(n">R"$ N%"$( 13&$$( 19>T( 2%C&3R&"( 9'&R$( %DSg"$ $"4"Q#RNR$( "''#%:XCR( >&%'( %3&9B( px( '%D%:% $R19'SN#("'$>9Y3g9N"(M#$>R&SN3(n">R"$(M"V['"$ >"MRN#RT"9$W( 1"$W( 1R( Q#\9W( $"#$'X'"( "&( '#&Y3$ Y"#D3($"4"Q#RT"9$(>"&(vX"$(&%4#C#(13&$" %V"$'XC"$(>"V#%V#RT"9$('3MR1"NR(V"#1RB(8R&$1"'" >%&#9D"(C%#YR$(>S:(Q#\R4(>"&(%Y"'XM3(&%RV9(E!8 #Q"3Y$4%$( '%4>3( n">rr( ),,=B( Y"D"( >SDSN9$ %$ 44. attēls. Valūtas kursa pārmaiņu tendences LD#%"$(D"'#O dm9'$?(pubb USD/EUR Decembris 24 Decembris 24 Decembris 24 Janvâris JPY/EUR (kreisâ ass) JPY/USD (labâ ass) Janvâris GBP/EUR (kreisâ ass) GBP/USD (labâ ass) Janvâris Februâris 25 Februâris 25 Februâris

78 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Valūtas kurss un maksājumu bilances pārmaiņas '&#N9$( :%'3&1T\9$( n">r"$( N%"$( 13&$"( 1&#'34$ "''#%:XCR( >&%'( %3&9( '3&>#RN"( >"$'#>&#R'#%$B ),,JB(Y"D"( )B( 4"&'R( %3&9( 13&$$( "''#%:XCR( >&%' n">r"$( N%3( C#N"(.-KB=( L>"&(.BHo( "3Y$'R1$ VX4%#$( %1R( N"MR&"( C%#YR$( 3( >"&( )B)o "3Y$'R1$(%1R(),,=B(Y"D"(M#DSN"#$(VX4%#$OB ES DALĪBVALSTU VALŪTAS ^R#N"$( 1&9"( 3( FV9MS#N"$( '9V"&$( Z!5( EE $MR&$'XNR$(g9'#(T"3&R$(&9C%aR$('3M3('9(:%'&RV"N#%4 >"&#'R'%$( 13&$#%4( L$1B( =JB( "''BOB( EY"3#N"$( 1&9"$ 3(_#%'3M"$(V#'"(13&$$(>"V#1"(%4"#XY$("''#%:XCR >&%'( '9( Z!5( EE( :%'&RV"N#%4( >"&#'R'%$( 13&$#%4 "'C#V$'9T#( T9( M"V$'3( M#%>3$SNR4( $"#$'XCR4 $"YV"CR'( M"V['"$( >"D94%$( 1R&'XC3( Z!5( EE $'"D"&'"($MR&$'XC3(19&#D9&"(#%'M"&9$B d>v[19n9'(:#'3(pf(d"vxcm"v$'3(m"v['"$w(%3&9(13&$$ %D"3DQ($"4"Q#RNR$("''#%:XCR(>&%'(_#%VC&#'R#N"$ $'%&V#\3( 4R&:#\3W( X$V"#:XY#( %D"3DQ( $MR&$'9'#%$ 2%C&3R&XW( 3( TX$( $MR&$'XC"$( Y"VM%91R&' "'$>9Y3g9N"( >&%'&3XY3( D"'3( >3CV#$19T"3W 9&RD9'W( 9( M#%"$( >3$%$W( 3Q( $>S:XY3 _#%VC&#'R#N"$( &[>#%:#$19( &"a9t"3( ),,=B( Y"D" D%:%4C&X( 3W( 9( 9'&"$( >3$%$W( 3Q( 1['&3( >&#MR'9 45. attēls. Valūtas kursa pārmaiņu tendences VKM II LD#%"$(D"'#r(9M#&Q%(9(:%'&RVR(>"&#'R'%$(13&$"r(>&9:%'3(>31'9$O EEK/EUR LTL/EUR SIT/EUR DKK/EUR Decembris Janvâris Februâris dm9'$?(pubb 8#%QX4%B(89Q#'XM"(M"#(%Y"'XM"(9M#&Q%(9(:%'&RVR(>"&#'R'%$ 13&$"(9&RD"W(1"(M"V['"(#&(MRN"NR(M"#($'#>&"NR(19&#D9&"(>3$SB ^R#N"$(1&9"#($MR&$'XC3(19&#D9&$(#&(z)B)Jor(M#$R4(>R&SNR4 M"V['R4('#%1(>#%4S&9'$($'"D"&'"($MR&$'XC3(19&#D9&$(z.JoB >#%>&"$XN343B()B(4"&'R(%3&9(13&$$("''#%:XCR(>&%'(_#%VC&#'R#N"$($'%&V#\3(4R&:#\3(C#N"(,B+*(L>"&(,BHo Q%4R1$( VX4%#$( %1R( N"MR&"( C%#YR$( 3( >"&(.B.o( "3Y$'R1$( %1R( ),,=B( Y"D"( M#DSN"#$( VX4%#$OB /%C&3R&X(%3&9(13&$$('3&>#RN"($"4"Q#R'#%$("''#%:XCR(>&%'(89V#N"$(QV9'3(L>"&(=B)oO(3(i%;#N"$(1&93 L>"&(.B+oO(q("CR4(M"V['R4(3Q&RD9'("3Y$'R19(VX4%#("''#%:XCR(>&%'(%3&9(D#M3(Y"D3(V"#1R(qW(1R("&X(>&%' ]YR&#N"$(29&#'3W(FV9MR1#N"$(1&93(3(hM#%D&#N"$(1&93(L"''#%:XY#(>"&(.B=oW(,BHo(3(,BJoOB(Z#%V"#13$ %3&9(13&$$(Y"VM%91R&'(%4"#XNR$("''#%:XCR(>&%'(!#>&"$(4R&:#\3W(_"'M#N"$(V"'3(3(5"V'"$(V#&3B PĀRĒJĀS VALŪTAS e"1$'3&9n9'(>r&sn9(m"v['3(d#"4#13w(9(n"mr&"(c%#yr4(vxdq()b(4"&'"4(%3&9(13&$$($"4"q#rnr$(>"&,b=o("''#%:xcr(>&%'(pm%#:%$(2&"13b(u#'"$(9qx4xy"$('%d%:%$(t"nr(>%&#9dr(c#n"(%3&9(13&$"(1r>34$ "''#%:XCR(>&%'(!"RD"$(D9VR&3(L>"&(,BKoO(3(1&#'34$("''#%:XCR(>&%'(`"#MR"$(D9VR&3(3(!9&%N"$(M93 L"''#%:XY#(>"&()B-o(3(.B-oOB(_"#(Y"(>SDSN"#$(4#S'"#$(2"1'9&$(D"gSN#('3&>#RN"(M#$>R&SN9('%D%:#W 1"$( "'$>9Y3g9( T9( D#M3( sq#n"$( M"V['3( 13&$"( 1R>343( "''#%:XCR( >&%'( dfz( D9VR&3( 19>T( ),,=B( Y"D" )B(>3$Y"D"W('9(#%'%14SN"("&X(>#%\S434$(>"&(#%$>SN"4R4(D"a3(sQ#N"$(:%'&RV9(C"13(M%#1'R4(R&M"V$'3 M"V['"$(&%Q%&MN3(M"V['3($"$'RM"(>R&4"#\R4B EURO EFEKTĪVAIS KURSS ),,JB( Y"D"( )B( 4"&'R( %3&9( 94#RV"#$( %2%1'XM"#$( 13&$$( "''#%:XCR( >&%'( %3&9( Q9"$( )-( 9QX4XYR19 '#&DQ#%:XC"$(>"&'%&M"V$'3(M"V['R4(C#N"(Y"D&XQ(%4"#XY$($"VXDQ#RN34R("&(N"MR&"(C%#Y3(VX4%#(3 >"&(.B-o(>R&$#%DQ"(),,=B(Y"D"(M#DSN9(VX4%#(L$1B(=+B("''BOB(P3&9(13&$"(9$'#>&#RT"9$(%2%1'XM"NR #Q'%#1$4S( 9'%#:"( 'R( >"V#%V#RN34$( "''#%:XCR( >&%'( n">r"$( N%3W( dfz( D9VR&3( 3( vx"$( &%4#C#( q M"V['R4( "&( &%V"'XM#( "3Y$'3( X>"'$M"&3( "&( '#&DQ#%:XC"$( $M"&#%4( $MS&'9( %3&9( %2%1'XM9( M"V['"$( 13&$3 Y&9QRB(`9('#1"#(%D"3DQ(194>%$SN"(%3&9(13&$"(1&#'34$("''#%:XCR(>&%'(_#%VC&#'R#N"$($'%&V#\3(4R&:#\3 3(89V#N"$(QV9'3B %%

79 46. attēls. Euro efektīvais kurss un tā dalījums pa komponentiem 1) 47. attēls. Euro nominālais kurss un reālie efektīvie kursi 1) LD#%"$(D"'#O Indekss: gada 1. cet. = nominâlais reâlais, PCI reâlais, RCI reâlais, VDIAR Decembris 24 Janvâris Februâris 25 EVK pârmaiòas veicinoðie faktori 2) 25. gada 31. janvâris 2. marts (procentu punktos) dm9'$?(pubb.o( PZ!I)-( #D%1$"( >"V#%V#RN34$( "'$>9Y3g9( %3&9( 13&$" 1R>343B( 5S%T"( D"'3( N"3R1#%( 9MS&9N34#( M%#1'#( >"& ),,JB( Y"D"( 2%C&3R&#B( ]Q( Z^Ede( C"V$'X'"( &%RVR( PZ!I)- N"3R1#%(9MS&9N34#(#&(),,=B(Y"D"(-B(:%'3&1T\"(D"'#W(3('#% D"gSN#(>"4"'9N"$(3Q(">VS$S4B USD GBP JPY CNY CHF SEK -.2 dm9'$?(pubb.o( ED%1$"( >"V#%V#RN34$( "'$>9Y3g9( %3&9( 13&$"( 1R>343 "''#%:XCR(>&%'(%3&9(Q9"$($M"&XYR19('#&DQ#%:XC"$(>"&'%&M"V$'3 3(M#$3(R&>3$(%3&9(Q9"$(%$9T9(PF(D"VXCM"V$'3(M"V['R4B )O( PZ!I)-( >R&4"#\"$( M%#:#9T#%( 2"1'9&#( #&( >"&RDX'#( '#1"# "''#%:XCR( >&%'( %3&9( Q9"$( $%T3( Y"VM%9( '#&DQ#%:XC"$ >"&'%&M"V$'3( M"V['R4B( 8R&4"#\"$( ">&Sf#R'"$W( #Q4"'9N9' "''#%:XY9$(M#$>R&SN9$('#&DQ#%:XC"$($M"&3$(PZ!I)-(#D%1$RB.2. P3&9( &%RVR( %2%1'XMR( 13&$"( D#"4#1"W >"4"'9N9'#%$( 3Q( "'Tf#&XY#%4( #Q4"1$3( 3( :%3 #D%1$#%4W(C#N3$#(g9'#(VXDQXY"(94#RVR(#D%1$" "''X$'XC"#(L$1B(=KB("''BOB(n"3R1#%(D"'#(V#%:#"W(1" >S:(&%V"'XMR$($'"C#V#'R'%$(>%&#9D"(9(),,=B(Y"D" 4"#N"(VXDQ($%>'%4C&#4(%3&9(&%RVR(%2%1'XMR(13&$" #D%1$#( >SDSN9$( '&#N9$( 4S%T9$( >"V#%V#RNR$ Y"VM%91R&'(),,=B(Y"D"(%3&9(13&$"(1R>34"(DSgB `R>S:($"4"Q#RNR$(%3&9(Q9"$(M"V$'3($"C#%D&XC3 :%3( 1913&S'$>SN"B( ),,JB(Y"D"( 2%C&3R&X( %3&9 &%RVR( %2%1'XMR( 13&$"( #D%1$$W( >"4"'9N9'#%$( 3Q >"'S&#\"( :%3( D#"4#13W( >"&(.B-o( >R&$#%DQ" ),,=B(Y"D"(M#DSN9(VX4%#W($"M31R&'W(>"4"'9N9'#%$ 3Q(&"a9'RN3(:%3(D#"4#13W(VX4%\"(>R&$#%Y34$ C#N"(.B)oB %&

80 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Valūtas kurss un maksājumu bilances pārmaiņas 6.2. MAKSĀJUMU BILANCE *=7+,&$ *)&8/8=&$,)=&$ EFFZ9$ /&(2$ ;74,&$ 5&'(7 ;78=2$ 6)*(7<&$ ZF9E$ ='<+(9$ )8+7C$,9*9C$ &,86)4*$ F9Gr$ 47$ VKH$ &+$ EE9E$ ='<+(9$ )8+7 *46)5,.>*<8$ 84$ 7+,L)3*)/8'(.<8=8$ 5&'(7$ EFFZ9$ /&(2$ -*<&$ dj9[$ ='<+(9$ )8+7 TEKOŠAIS KONTS UN TIRDZNIECĪBA P3&9(Q9"$($%Q9RV#(#QVXDQ#R'R('%19TR(19'"(>9Q#'XM"#$($"VD9(),,=B(Y"D"(D%:%4C&X(C#N"()BK(4VN&DB(%3&9 L"'C#V$'9T#(+B+(4VN&DB(%3&9(>9Q#'XM"#$($"VD9($%Q9RV#(%#QVXDQ#R'R(#Q'%#1$4SOB(`"$("'$>9Y3g9(>&%u3(3 >"1"V>9N343(>9Q#'XM9($"VD9W(19(D"gSN#("'$MS&"(1R&'SN9(>R&M%D343(3(#%R1343(%Y"'XM"#$($"VD9B F"VXDQ#RN34R( "&( ),,=B( Y"D"( 9M%4C&"( >&%:#QS'"N#%4( D"'#%4( $%Q9RV#( #QVXDQ#R'R( '%19TR( 19'" >9Q#'XM"#$($"VD9(D%:%4C&X(>"V#%V#RNR$(>"&(.B,(4VN&DB(%3&9B(`9(9'%#:"(>&%u3(>9Q#'XMR($"VD9(1R>34$ L.B=( 4VN&DB( %3&9O( 3( 1R&'SN9( >R&M%D343( %Y"'XMR( $"VD9( 1&#'34$W( 13&3( '#1"#( D"gSN#( "'$MS&"( Q%4R1$ >"1"V>9N343(>9Q#'XM"#$($"VD9(3("3Y$'R1$(#%R1343(%Y"'XM"#$($"VD9B d>v[19n9'(:%'3&1t\"(d"'3$w(>&%u3(%1$>9&'"(3(#4>9&'"(>#%"3y34$(),,=b(y"d"(=b(:%'3&1$x(c#n"(vxdqxy$ L"''#%:XY#(.B*o(3()B.oOW($"M31R&'(>"1"V>9N343('#&DQ#%:XC"(C#N"(#%MS&9N"4#(MRNR1"W(>"1"V>9N343 %1$>9&'"4(3(#4>9&'"4(2"1'#$1#($"4"Q#9'#%$(L"''#%:XY#(>"&(=o(3(.BKoOB(`R>S:(19>SN"#$(>&%u3(3 >"1"V>9N343(%1$>9&'$(=B(:%'3&1$X(>#%"3Y"(>"&(,BJo(3(19>SN"#$(>&%u3(3(>"1"V>9N343(#4>9&'$(q(>"&.B)oB d>v[19n9'(9&#$%$('#&dq#%:xcr(),,=b(y"drw(.)(4s%t3($%q9rv#(#qvxdq#r'"#$(>&%u3(3(>"1"v>9n343 >9Q#'XM"#$($"VD9(3Q&RDXN"(D#M"$(Y"VM%R$('%D%:%$?($R19'SN#('"$(>#%"3Y"(VXDQ(N[#N"4(3(>S:('"4 $"4"Q#RNR$( VXDQ( D%:%4C&#4( L$1B( =HB( "''BOB( FR19'SN9( >#%"3Y343( 9'%#:"( g9'#( $'"C#V$( >&%u3( 3 >"1"V>9N343( %1$>9&'$(.B(>3$Y"DRW( 19( >R&$M"&R 9'%#:"($>S:XY$(R&SN"#$(>#%>&"$XN34$B()B(>3$Y"DR %1$>9&'"(>#%"3Y34"('%4>$(>"VS#RNR$W(3(D"gSN# '9( 9'%#:"( 4"QR1$( R&SN"#$( >#%>&"$XN34$( T"NR >%&#9DRW(V"#(Y"(9QX4%(#&("&X("Y&R1R(%3&9(13&$" 1R>34"( 9MSV9'"N"#( #%'%14%#B( `3&>4R19 $"4"Q#RN343( 9'%#:"( $>S:XY"#$( #4>9&'" >#%"3Y34"( '%4>$( Y"D"( )B( 3( -B( :%'3&1$X "'C#V$'9T#( Y"( "3Y$'R1R4( "2'"$( :%R4( T"NR >%&#9DRW(Y"(-B(:%'3&1$X(3Q&RDX'"N"4(#%1TQ%4%$ #QD%M343( 1"'%Y9&#N3W( 13&R4( #&( V#%V$( #4>9&'" X>"'$M"&$( L#M%$'X:#N"$( 3( q( X>"T#( q( 1&RN34#OW $>S:XY"4(>#%"3Y34"('%4>"4(L$1B(=*B("''BOB 48. attēls. Euro zonas tekošā konta saldo un preču un pakalpojumu bilance L4VN&DB(%3&9r(.)(4S%T3(1343V"'XM#%(D"'#r($%Q9RV#(#QVXDQ#R'#O tekoðâ konta saldo preèu un pakalpojumu bilance ),,=B( Y"DR( %3&9( Q9"$( '%19TR( 19'"( >9Q#'XM"#$ $"VD9(19>34R(C#N"(=,B)(4VN&DB(%3&9W('B#BW(">'3M%#,BJo(9(E!8($"VXDQ#RN34R("&())B)(4VN&DB(%3&9 ),,-B( Y"DR( L">'3M%#(,B-o( 9( E!8OB( p9 >#%"3Y343(9'%#:"(Q%4R1$(#%R1343(3(L4"QR1O dm9'$?(pubb %'

81 49. attēls. Euro zonas preču un pakalpojumu eksports un imports L4VN&DB(%3&9r('&#N3(4S%T3(4"#XY#%(M#DSN#%(&RDX'RN#r($%Q9RV# #QVXDQ#R'#r(D"'#O 5. attēls. Neto tiešo investīciju un portfeļieguldījumu saldo L4VN&DB(%3&9O preèu un pakalpojumu eksports preèu un pakalpojumu imports Neto tieðâs investîcijas Neto ieguldîjumi kapitâla vçrtspapîros Neto portfeïieguldîjumi parâda instrumentos Neto apvienotâs tieðâs investîcijas un portfeïieguldîjumi -8 1 dm9'$?(pubb dm9'$?(pubb 1R&'SN9(>R&M%D343(%Y"'XM"#$($"VD9W(1R("&X("3Y$'R1$(>"1"V>9N343(>9Q#'XM"#$($"VD9B(E%R1343(%Y"'XMR $"VD9($"4"Q#RN343(Y"VM%91R&'(9'%#:"(V#%VR1$($"VXDQ#RN34R("&(),,-B(Y"D3(9(>R&SNR4(>"$"3V%$ M"V$'X4($"\%4'9(1&%DX'3(">N94$B(`R(1R(Y"(#4>9&'$W(Y"(%1$>9&'$(>"V#%V#RNR$(">'3M%#(>"&(*,(4VN&DB %3&9W(>&%u3(>9Q#'XM"#$($"VD9(19>34R(%4"#XNR$(L),,=B(Y"DR(q(">'3M%#(.,J(4VN&DB(%3&9OB FINANŠU KONTS P3&9(Q9"$(">M#%9'9('#%T9(#M%$'X:#N3(3(>9&'2%g#%Y3VDXN343(>9Q#'XM"#$($"VD9(),,=B(Y"D"(D%:%4C&X C#N"( ==B=( 4VN&DB( %3&9W( "'$>9Y3g9N9'( 1">#'RV"( MS&'$>">X&3( >9&'2%g#%Y3VDXN343( L=,( 4VN&DB( %3&9O( 3 LD"3DQ(4"QR1O('#%T9(#M%$'X:#N3(LKB-(4VN&DB(%3&9O(>9Q#'XM9($"VD9B(8"&RD"(#$'&34%'3(>9Q#'XM"#$($"VD9 C#N"( '3M$( VXDQ$M"&"4B(!">#'RV"( MS&'$>">X&3( >9&'2%g#%Y3VDXN343( 9&#$%$( Y"VM%91R&'( 9'%#:"( V#%V# %&%Q#D%'3(M%#1'#%(%3&9(Q9"$(1">#'RV"(MS&'$>">X&3(%'9(>#&134#(L)HB*(4VN&DB(%3&9OB d>m#%9'9( '#%T9( #M%$'X:#N3( 3( >9&'2%g#%Y3VDXN343( >9Q#'XM"#$( $"VD9( ),,=B( Y"DR( 19>34R( C#N".HB-(4VN&DB(%3&9($"VXDQ#RN34R("&(-HB-(4VN&DB(%3&9(>9Q#'XM9($"VD9(),,-B(Y"DRB(5"QR1"$(%'9(2#"T3 >V[$4"$(3Q(%3&9(Q93(Y"VM%91R&'(9'%#:"(>#%"3Y9T"#$('#%T9(#M%$'X:#N3(%Y"'XM"#$($"VD9W(19('#1"# D"gSN#("'$MS&"("3Y$'R1$(>9&'2%g#%Y3VDXN343(>9Q#'XM"#$($"VD9(L$1B(J,B("''BOB `#%T9(#M%$'X:#N3(9&#$%$(Y"VM%91R&'(#Q&"#$XN"(>"1R>%#$1"(R&M"V$'3('#%T9(#M%$'X:#N3(>9Q#'XMR($"VD9 $"4"Q#RT"R$(%3&9(Q9RW(19(V#%VR19'#%$(9'%#:"('"$W(1"(%&%Q#D%'3(M%#1'#%(#%Y3VDXN34#(%3&9(Q9"$ >"T3( 1">#'RVR( M%#D9N"( '#1"#( M#%3( '&%TD"g3( 9( ),,-B( Y"DR( M%#1'"N#%4( #%Y3VDXN34#%4B( p#$ $"4"Q#RN34$( C#N"( V#%VR1$( %1R( %3&9( Q9"$( &%Q#D%'3( M%#1'9( '#%T9( #M%$'X:#N3( $"4"Q#RN34$( >"T3 1">#'RVR( R&M"V$'X$W( 3( '9( D"gSN#( M"&S'3( $1"#D&9'( "&( :#'3( >"$"3V%$( &%c#93( $>S:XYR13( %1994#$19 $#%Y343($"VXDQ#RN34R("&(%3&9(Q93(),,=B(Y"DRB d3y$'r1$( >9&'2%g#%Y3VDXN343( >9Q#'XM"#$( $"VD9( C#N"( Y"VM%91R&'( $"#$'X'$( "&( %&%Q#D%'3( M%#1'9( %3&9 Q9"$( 1">#'RV"( MS&'$>">X&3( %'9( >#&1343( >"V#%V#RT"9$B( `#&Y3$( ">$%19N34#( V#%:#RN"( >"& "'N"39N3T9$(R&M"V$'3(#M%$'9&3(#'%&%$#(>"&(%3&9(Q9"$(1">#'RV"(MS&'$>">X&#%4W(3('#&Y3$(D"VXC#%1# &)

82 EKONOMISKĀS UN MONETĀRĀS POLITIKAS NORISES Valūtas kurss un maksājumu bilances pārmaiņas 9&RDXN"W(1"(%3&9(Q9"$(1">#'RV"(MS&'$>">X&#%4($"VXDQ#9TR(#Q'%#1$4S(9'%#1'"$(D"3DQ(#QD%MXYR1"$ :%"$B(d&X(%3&9(13&$"(1R>34"(Y"#D"$(),,=B(Y"DR(M"&SN"(M%#:#R'(TX$(9&#$%$B e3rn9'(>"&(>"&rd"(#$'&34%'#%4w(>r&&9c%a3(>v[$4"$(),,-b(3(),,=b(y"dr(c#n"(>s:(">n94"(vxdqxy"$w $"$#%DQ9'(">'3M%#(),,(4VN&DB(%3&9(Y"("1'XM3W(Y"(>"$XM3(>3$SB(8"$XM3(>3$S(%3&9(Q9"$(X$'%&4#\" >&9:%'3( V#14N3( Q%4"#$( VX4%#$( %M%#:#RN"( R&M"V$'3( #M%$'X:#N"$( %3&9( Q9"$( "3D"$( '#&Y3$ #$'&34%'9$(q(%&%Q#D%'#(),,=B(Y"DR(M%#:"(#%Y3VDXN343$(Y"D&XQ('#1"#(%3&9(Q9"$(9CV#YR:#NR$(3 >"&RDQX4S$B( d1'xm3( >3$S( %3&9( Q9"$( #M%$'9&#( ">'3M%#( KJo( 9( '9( >"&RD"( #$'&34%'3( R&M"V$'3 >9&'2%g"("'MSVSN"(9CV#YR:#NR4(3(>"&RDQX4S4(3()Jo(q("3D"$('#&Y3$(#$'&34%'#%4B(p#$($"D"VXN34$ 9&RDXN"W(1"(&%Q#D%'#(),,=B(Y"DR(($'"&>'"3'#$1"NR4(9CV#YR:#NR4(3(>"&RDQX4S4("'MSVSN"(4"QR13(D"g3 %1R(),,-B(Y"DRB(`9(M"&S'3($"#$'X'("&(1">#'RV"(Q"3DSN343(>&9Y9QS4($"1"&R("&("3Y$'R13(#VY'%&4#\" >&9:%'3(V#14N3(Y"#DR4(dFZB(/"1'#$1#(%3&9(Q9"$(>V[$4"$(3Q(dFZ($"4"Q#RNR$(9(KJ(4VN&DB(%3&9 ),,-B(Y"DR(VXDQ()*(4VN&DB(%3&9(),,=B(Y"D"(>#&4"N9$('&#N9$(:%'3&1T\9$B &(

83 IEVADRAKSTS (

84 EURO ZONAS STATISTIKA EURO ZONAS STATISTIKA S 1

85

86 SATURS 1 EURO ZONAS APSKATS P3&9(Q9"$('"3'$"#4#%:XC"$(&RDX'RN3(19>$"M#V134$ S5 1. MONETĀRĀS POLITIKAS STATISTIKA.B.B P3&9$#$'S4"$(19$9V#DS'"#$(2#"T3(>R&$1"'$ S6.B)B 6"VM%R$(PUb(>&9:%'3(V#14%$ S7.B-B EQ$9g3(M%#DR(M%#1'R$(P3&9$#$'S4"$(49%'R&R$(>9V#'#1"$(9>%&R:#N"$ S8.B=B lcv#yr'9(&%q%&mn3(3(v#1m#d#'r'%$($'"'#$'#1" S9 2. NAUDA, BANKU DARBĪBA UN IEGULDĪJUMU FONDI )B.B P3&9(Q9"$(5/E(19>$"M#V134"(C#V":% S1 )B)B P3&9(Q9"$(5/E(19$9V#DS'R(C#V":% S11 )B-B 59%'R&R($'"'#$'#1" S12 )B=B 5/E("#QD%M343(D"VXN34$ S14 )BJB 5/E(>#%$"#$'X'9(9Y3VDXN343(D"VXN34$ S17 )B+B 5/E(MS&'$>">X&3('3&SN343(D"VXN34$ S2 )BKB d'$%m#tf3(5/e(c#v":%$(>9$'%\3(>r&ms&'st"" S21 )BHB d'$%m#tf3(5/e(c#v":%$(>9$'%\3(m"v['3(d"vxn34$ S22 )B*B P3&9(Q9"$(#%Y3VDXN343(29D3(19>$"M#V134"(C#V":% S24 )B.,B P3&9(Q9"$(#%Y3VDXN343(29D3("1'XM#(#%Y3VDXN343(>9V#'#13(3(#%Y3VDX'RN3(M%#D3(D"VXN34R S25 3. FINANŠU UN NEFINANŠU KONTI -B.B G%2#"T3($%1'9&3(Y"VM%#%(2#"T3("1'XM# S26 -B)B G%2#"T3($%1'9&3(Y"VM%R$($"#$'XC"$ S27 -B-B d>d&9t#rt""$($"c#%d&xc3(3(>%$#n3(29d3(y"vm%#%(2#"t3("1'xm#(3($"#$'xc"$ S28 -B=B 6"D"(#%'"3>XN34#W(#%Y3VDXN34#(3(2#"$SN34$ S29 4. FINANŠU TIRGI =B.B G%"1:#N3(MS&'$>">X&3(%4#$#N"$('9($R19'SN9('%&4#\3W(%4#'%'3(M"V$'3(3(M"V['3(D"VXN34R S3 =B)B P3&9(Q9"$(&%Q#D%'3(%4#'S'#%(%"1:#N3(MS&'$>">X&#(%4#'%'3($%1'9&3(3(#$'&34%'3(M%#D3(D"VXN34R S31 =B-B P3&9(Q9"$(&%Q#D%'3(%4#'S'9(%"1:#N3(MS&'$>">X&3(Y"D"(>#%"3Y34"('%4>$ S33 =B=B P3&9(Q9"$(&%Q#D%'3(%4#'S'R$(19'S'R$("1:#N"$ S35 =BJB 5/E(>&9:%'3(V#14%$(%3&9(D%94#S'"N#%4(%3&9(Q9"$(&%Q#D%'3(9Y3VDXN34#%4(3(1&%DX'#%4 S37 =B+B G"3D"$('#&Y3$(>&9:%'3(V#14%$ S39 =BKB Z"VDXC"$(9CV#YR:#N3(>%g\"$(V#14%$ S4 =BHB d1:#n3('#&y3$(#d%1$# S41 5. CENAS, PRODUKCIJAS IZLAIDE, PIEPRASĪJUMS UN DARBA TIRGI JB.B F8UEW(>R&SNR$(:%"$(3(#Q4"1$"$ S42 JB)B 8&9D31:#N"$(#QV"#D%(3(>#%>&"$XN34$ S45 JB-B ^"&C"('#&Y3$ S49.O(_"#($"\%4'3(>">#VD#29&4R:#N3W(V[DQ"4(&"1$'X'(3Q("D&%$#($'"'#$'#:${%:CB#'B(^%'"V#QS'R13$(D"'3$(>"&(#VYR1#%4(V"#1"(>%&#9D#%4($1B(PUb(#'%&%'"(V">R(LAAAB%:CB#'OB S 3

87 6. VALSTS FINANSES +B.B S5 +B)B 8"&RD$ S51 +B-B 8"&RD"(>R&4"#\"$ S52 +B=B S53 7. ĀRĒJIE DARĪJUMI UN POSTEŅI KB.B 5"1$RN343(C#V":% S54 KB)B 5"1$RN343(C#V":%$(49%'R&"#$("'$>9Y3g9N34$ S59 KB-B 5"1$RN343(C#V":%(3($'"&>'"3'#$19(#M%$'X:#N3(C#V":%(c%9Y&R2#$1R(D"VXN34R S6 KB=B F'"&>'"3'#$19(#M%$'X:#N3(C#V":%(L#%$1"#'9'($'"&>'"3'#$1R$(&%Q%&M%$O S62 KBJB 8&%u3('#&DQ#%:XC" S64 8. VALŪTU KURSI HB.B P2%1'XM#%(M"V['3(13&$# S66 HB)B ^#M>3$SN#%(M"V['3(13&$# S67 9. NORISES ĀRPUS EURO ZONAS ESOŠAJĀS VALSTĪS *B.B U#'"$(PF(D"VXCM"V$'#$ S68 *B)B dfz(3(n">r" S69 ATTĒLU SARAKSTS TEHNISKĀS PIEZĪMES VISPĀRĒJĀS PIEZĪMES S71 S73 S77 JAUNUMI `3&>4R1(KBJB)B('"C3VR(w8&%u3('#&DQ#%:XC"w(Lc%9Y&R2#$1R(D"VXN34RO('#1$(#%1g"3'#("&X(D"'#(>"&(>&%u3('#&DQ#%:XC3("&(!&#%M#N3W(vX3 3(`3&:#N3B S 4 9(:/.)"/$+-&-$+"('DEJGA:J$ wiw D"'3("M@D"'#("M(#Q4"'9N"4# wbw D"'#(>"Y"#DR4("M(>#%%N"4# wbbbw 3VV%(M"#(MS&R(%\%4"4$ L>O >&9M#Q9&#$1#%(D"'# $B#B $%Q9RV#(#QVXDQ#R'$

88 EURO ZONAS APSKATS Euro zonas tautsaimniecības rādītāju kopsavilkums L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3(LN"("M(9&RDX'$(:#'RD#Or(oO RK"O&,+-.%.)",&%$)+)":,"'%&H+,-:"/$1J+) OR "RS O3 "RS OM "RS2"3S OM "RS2"3S J($,EI($)"C$7GA($) WH+,-%G-)S O<;"($D7+C:J$ +:%&"D&,()"C(/)-: %+D$7+,-$+J2 $D>+J&-"O<;":, C(/7E: "RS )($+7%E:"+J$-G-$+,+(1H$A: CG%-)'('E%$2"1() 7+,&J$,G-$"+:%& "RS #d\;]e\ WI(7."WQS2 '+%$&7("C$7GA($) %.7E-.A)S T(/7E()"R4"I(7: &/$I.H$A:"'+B>() /$1J+"WI(7."WQS2 '+%$&7("C$7GA($) %.7E-.A)S. ) - = J + K H ),,-.,B* HB, HB. I =B* ),B) )B-- =B.+ ),,=.,B, +B- JBH I +B,..B- )B.. =B.= ),,= E..B, KB) +B= I JB=.JBH )B,+ =B.J EE.,B) +B, JB= I JB+.,BK )B,H =B-+ EEE *B+ JBH JB+ I +B).,B, )B.) =B). EZ *B- +B= +B, I +BH *B. )B.+ -BH= ),,= F%>'B *BK +B- +B, JBH +BJ HBH )B.) =B.. l1'b *B, +B- JBH +B, +BK HBJ )B.J -B*H G9MB *BH +BJ +B, +B. +B* *BJ )B.K -BHK ^%:B HB= +BJ +B= +B- KB, *BJ )B.K -B+* ),,J n"mb *B) +B* +B+ B KB- B )B.J -B+- /%C&B B B B B B B )B.= -B+) 3K"*+,()2"'%&7:1H$A()"$D/($7+2"'$+'%()EA:J)":,"7(%("-$%I$ =8*; \(j&-.a:"h+,() %a',$+he. U(%()'G1( )-:,7() $DJ(1)() \+./($)";?8 \a',$+h$)1. %(j&@(,(2"$d>+j&- ac,$+he: V(:7: $DJ(,-&@(,( (')-%.7+) %a',$+he."wqs `&7(%$,.-E( ]+D7(%) W,&"7(%()'G1(P QS. ) - = J + K H ),,- )B..B= )BH,BJ,B- H.B.,B) HB* ),,= )B. )B- B.BH.B* H.BK B HB* ),,= E.BK,B) )BH.B+.B, H.B.,B) *B, EE )B- )B, )B) )B) -B. H.B+,B- HBH EEE )B) -B..B*.B* )B* H)B.,B= HB* EZ )B- -BH B.B+,BH H)B. B HBH ),,= F%>'B )B. -B- I I -BK I I HB* l1'b )B= =B. I I.B, H)B. I HBH G9MB )B) -BK I I,B= I I HBH ^%:B )B= -BJ I I.B, I I HB* ),,J n"mb.b* -B* I I B H)B, I B /%C&B )B, B I I B I I B MK"O(1).A:J:"$/(,H+2"%+D+%C+)"(1-EC$":,"C(/a-:"1:%)$ (mljrd. euro, ja nav norâdîts citâdi) `%19T"#$(19'$(3 1">#'RV"(19'$ O(1).A:J:"$/(,H+"W,+-&"7(%EA:J$S \+D+%C+)"(1-EC$ W'+%$&7("+$I.)S #:%&"+F+1-EC($)"1:%)) #T?_3M "MS W$,7+1))2"Rggg";"l"R44S G94#RV"#$(13&$$ e%rv"#$(13&$$(l8ueo d=um#d\ `#%TR$(#M%$'X:#N"$ 89&'2%g#%Y3VDXN34# 8&%:%$. ) - = J + K H ),,- -JB,.,JB- I-B= =.BK -,+BJ **B*.,.BK.B.-.) ),,= JKB-.,JBK I-+B= J=BK )K*B+.,-BH.,JB*.B)=-* ),,= E.KB) )HB+ I)-B+ I-B. -,HB=.,=BK.,+BK.B)=*K EE *B* -.BJ I.)B* ).BK -,.B=.,)B..,=B..B),=+ EEE.=B, )=B+ JB- -B+ )*HB).,)BH.,=B*.B))), EZ.+B) ).B, IJB) -)BJ )K*B+.,JBK.,KBK.B)*KK ),,= F%>'B )B+ JB, )BJ =-B* )*HB).,-B,.,JB).B)).H l1'b.bh KBK I..B+ +B) )*=B).,=B).,+B-.B)=*, G9MB JB= JB* I,BH I.,BH )*.B+.,JB+.,KB+.B)**. ^%:B *B, KBJ KB- -KB. )K*B+.,KB..,*B-.B-=,H ),,J n"mb B B B B )H*B,.,JBH.,KB*.B-..* /%C&B B B B B B.,JB..,KB).B-,.= dm9'#?(pubw(p#&9>"$(!94#$#n"(leurostat(3(p1994#1"$(3(2#"t3(v#%'3(c%%&rvd#&%1'9&r'$o(3(reutersb 8#%QX4%B(FX1R13(#29&4R:#N3(>"&(D"'#%4($1B('RVR1R$(TX$($"D"g"$('"C3VR$B.O 5S%T"(D"'3(Y"D"(>&9:%'3RVR$(>R&4"#\"$("''#%:"$(3Q(4S%T"(C%#YR4W(C%'(:%'3&1T\"(3(Y"D"(D"'3(Y"D"(>&9:%'3RVR$(>R&4"#\"$("''#%:"$(3Q(V"#1&#D"$(>%&#9D"(M#DSNR(&RDX'RN"(Y"D" >R&4"#\R4B(FX1R13(#29&4R:#N3($1B('%;#$1"NR$(>#%QX4S$B )O 5-(3('R($"$'RMD"gR$(%#%'#V>$'(R&>3$(%3&9(Q9"$(%$9T9(M"V$'3(&%Q#D%'3('3&S'R$("3D"$('#&Y3$(29D3("1:#N"$@D"g"$(3(>"&RD"(MS&'$>">X&#("&('%&4#\3(VXDQ()(Y"D#%4B -O `#&DQ#%:XC"$(>"&'%&3(Y&3>3(D%2#X:#N3(3(:#'3(#29&4R:#N3($1B(M#$>R&SNR$(>#%QX4S$B S 5

89 MONETĀRĀS POLITIKAS STATISTIKA Eurosistēmas konsolidētais finanšu pārskats L4#VNB(%3&9O RK"61-EC$ n+/-)":,"d+/-."$d-+$1-$+"7+$-&%:"'(%.7$ 8%()E()".%C(/)-:"C(/a-."'%+-"+:%&"D&,()"C(/)-:"%+D$7+,-$+J 6$D7+C:J$2"1()"$D),$+I-$"+:%&"+:%&"D&,()"C(/)-:"1%+7E-$+)-.7GJ 6"VM%R$(&%2#"$ST""$(9>%&R:#N"$ EVYR1"('%&4#\"(&%2#"$ST""$(9>%&R:#N"$ 8&%:#QSN9TR$(reverse 9>%&R:#N"$ F'&31'3&RVR$(reverse(9>%&R:#N"$ d#qd%m343(#%$>sn"(3q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gg"NY3 XgY"R45 g44"mmx grm"xng 3K"8()EC$ ](,1,&-+)"('I%&DE. =($)-E()"+:%&"'%+-"+:%&"D&,()"C(/)-:"1%+7E-$+)-.7GJ 8#%>&"$XN34"(9Y3VDXN343(19'#(L#%'M%&9'(9CV#YR'9(&%Q%&MN3($#$'S43O G9Y3VDXN343(#%$>SN" `%&4#\9Y3VDXN34# 8&%:#QSN9TR$(reverse 9>%&R:#N"$ 8">#VD3(9D&9T#RN34"(>#%>&"$XN343(9Y3VDXN34# 8.%GA.)")($)-E()"+:%&"'%+-"+:%&"D&,()"C(/)-:"1%+7E-$+)-.7GJ #J$-G-$+"'(%.7("CG%-)'('E%$ =($)-E()"+:%&"'%+-"H$-$+J"+:%&"D&,()"C(/)-:"%+D$7+,-$+J =($)-E()"+:%&"'%+-".%':)"+:%&"D&,()"+)&@&"C(/)-:"%+D$7+,-$+J =($)-E()".%C(/)-:"C(/a-."'%+-"+:%&"D&,()"C(/)-:"%+D$7+,-$+J =($)-E()".%C(/)-:"C(/a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gg"NY3 XgY"R45 g44"mmx grm"xng dm9'$?(pubb S 6

90 EURO ZONAS STATISTIKA Monetārās politikas statistika 1.2. Galvenās procentu likmes L">N94$(q(>&9:%'9$(Y"DRr(>R&4"#\"$(q(>&9:%'3(>31'9$O ='G1.",& "RS `&I:/7EA:J:"$+)'GA( 6$D7+C:J:"$+)'GA(":D",(1-$ /#1$S'"$(>&9:%'3 V#14%$(#Q$9V%$ /#1$S'R(>&9:%'3 V#14% 5"#XY"$(>&9:%'3 V#14%$(#Q$9V%$ 5##4RVR >#%'%#134" >&9:%'3(V#14% d>n94$ 8R&4"#\"$ d>n94$ d>n94$ 8R&4"#\"$ d>n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dm9'$?(pubb.o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b(>"Q#\9N"W(1"(#Q\S434"(1R&'R(V"#1"(>9$4R(9(.***B(Y"D"(=B(N"MR&"(VXDQ())B(N"MR&#4W(V"#('#&Y3$(D"VXC#%1#%4("'M#%YV9'3(>R&%N3(3Q(N"39(49%'R&9 &%ax43w($'"&>("#qd%m343(#%$>sn3(3q("1'#(3(9y3vdxn343(#%$>sn3(>&9:%'3(v#14s4(>#%4s&9n"4$(t"3&"#$(19&#d9&$(j,(crq%$(>31'3(">4s&rb -O ),,,B(Y"D"(HB(N[#NR(PUb(>"Q#\9N"W(1"W($R19'(9(9>%&R:#N"$W(>"&(13&3(9&Sf#$(M%#:"4$(),,,B(Y"D"()HB(N[#NRW(P3&9$#$'S4"$(Y"VM%R$(&%2#"$ST""$(9>%&R:#N"$('#1$(M%#1'"$("& 4"#XY"$(V#14%$(#Q$9g3(>"VXDQXC3B(5##4RVR(>#%'%#134"(V#14%("''#%:"$(3Q(4##4RV9(>&9:%'3(V#14#W(1RD3(D&X1$'(>#%DRMR'(#Q$9V%$(D"VXC#%1#B S 7

91 1.3. Izsoļu veidā veiktās Eurosistēmas monetārās politikas operācijas L4#VNB(%3&9r(Y"D"(>&9:%'3(V#14%$r(oO 1), 2) "MS `&%Gh$,("7(-:J) =&/EA:J("):JJ( U(/E,$+1:")1($-) ;D)&/E-."):JJ( O($,EI()"'%&H+,-:"/$1J+)"$D)&/+) ;/I:J) W7$+,.)S 5##4RVR >#%'%#134" e9c%av#14%( =O Z#DSNR($MS&'R >&9:%'3(V#14% >&9:%'3(V#14%. ) - = J + K 6"VM%R$(&%2#"$ST""$(9>%&R:#N"$ ),,= -B 9MB -H.(.H) --. )+=(J,, )B,, )B,= )B,= + *B -JH(.,. -.+ )JH(,,, )B,, )B,= )B,= H.KB -H=(,-* -=. )+)(J,, )B,, )B,J )B,J K )=B -+H(+*, -=+ )K,(,,, )B,, )B,J )B,+ K.B D%:B -K,(HJ+ -)- )K-(J,, )B,, )B,J )B,+ K HB -)*(.== )*H )H)(,,, )B,, )B,J )B,+ K.JB -J=(.). --* )K+(,,, )B,, )B,K )B,H K ))B -J,(H.) -=, )H-(J,, )B,, )B,K )B,H H -,B )H=(,)K -JJ )K,(,,, )B,, )B,* )B.K + ),,J JB N"MB -)=(.J= -). )J*(,,, )B,, )B,+ )B,K K.)B -=-(+== --) )+J(,,, )B,, )B,+ )B,K K.*B -+)(KK. -+= )K*(J,, )B,, )B,+ )B,K K )+B -+H(K*= -JH )K-(,,, )B,, )B,+ )B,K K )B 2%C&B --)(.*H -)* )KK(J,, )B,, )B,+ )B,+ + HB -)K(.K) -,J )KJ(J,, )B,, )B,+ )B,+ H.+B -J)(*.K -=. )K+(J,, )B,, )B,J )B,+ K )-B -=*()=H -J) )H=(J,, )B,, )B,J )B,+ K )B 4"&'$ -)*(,-+ -)J )KJ(,,, )B,, )B,J )B,+ K EVYR1"('%&4#\"(&%2#"$ST""$(9>%&R:#N"$ ),,= )+B 2%C&B -=(J*K.-* )J(,,, I )B,. )B,- *..B ">&B ==(.J-.=. )J(,,, I.BHJ.B*, *. )*B J=()=-.H, )J(,,, I )B,. )B,- *. )KB 4"#N$ =J(J*=.KH )J(,,, I )B,= )B,J *..B N[VB -K(+*H.=K )J(,,, I )B,+ )B,H *. )*B =,(-J=.+K )J(,,, I )B,K )B,H *. )+B "3YB -K(*JK.J) )J(,,, I )B,+ )B,H *. -,B $%>'B -K(=.=.-H )J(,,, I )B,+ )B,H H= )HB 91'B =+(+=+.HK )J(,,, I )B., )B.. *. )JB 9MB J.(,*J.K= )J(,,, I )B.- )B.= *. )-B D%:B -=(=++.JJ )J(,,, I )B.) )B.= *H ),,J )KB N"MB JH(.--.+= -,(,,, I )B,* )B., *. )=B /%C&B =,(-=,.=J -,(,,, I )B,H )B,* *. 3K"8.%GA.)"$D)&B:"&'+%.H$A() `&%Gh$,("7(-:J) e'+%.h$a()"c+$7) =&/EA:J( ):JJ( dm9'$?(pubb.o ]Q&RDX'R$($344"$(M"&(%D"3DQ("'Tf#&'#%$(9(.B.B('"C3VR(3Q&RDX'"NR4($344R4('9(#Q$9VX'9(9>%&R:#N3(DSgW(>"&(13&R4(MSV("M(M%#1'$(9&Sf#$B )O FR19'("&(),,)B(Y"D"(">&XV#W(D"VX'R$(#Q$9g3(9>%&R:#N"$W('B#BW(9>%&R:#N"$("&('%&4#\3(.(%DSg"W(1"$(>"&"VSV#(Y"VM%"N"#(&%2#"$ST""$(9>%&R:#N"#('#%1(M%#1'"$($'"D"&'#Q$9g3(M%#DRW '#%1(1V"$#2#:S'"$(>"&(Y"VM%"NR4(&%2#"$ST""$(9>%&R:#NR4B(^"VX'R$(#Q$9g3(9>%&R:#N"$W(1"$(M%#1'"$(>#&4$(TR(4S%T"W($1B(.B-B($"D"g"$()B('"C3VRB -O ),,,B(Y"D"(HB(N[#NR(PUb(>"Q#\9N"W(1"W($R19'("&(9>%&R:#N3W(>"&(13&3(9&Sf#$(M%#:"4$(),,,B(Y"D"()HB(N[#NRW(P3&9$#$'S4"$(Y"VM%R$(&%2#"$ST""$(9>%&R:#N"$('#1$(M%#1'"$("& 4"#XY"$(>&9:%'3(V#14%$(#Q$9g3(>"VXDQXC3B(5##4RVR(>#%'%#134"(>&9:%'3(V#14%("''#%:"$(3Q(4##4RV9(>&9:%'3(V#14#W(1RD3(D&X1$'(>#%DRMR'(#Q$9V%$(D"VXC#%1#B =O Z%#:9'(V#1M#D#'R'#(>"V#%V#9T"$(L$"4"Q#9T"$O(9>%&R:#N"$W(&9C%aV#14%(#&(Q%4R1R(L"3Y$'R1RO(>&9:%'3(V#14%W("&(13&3('#%1(>#%\%4'#(>#%DRMRN34#B JO px(9>%&r:#n"('#1"(m%#1'"("&(4"1$#4rv9(>&9:%'3(v#14#(q(-b,,ob S 8 U(/E,$+1: )1($-) ;D)&/E-. ):JJ( <$1)G-() '%&H+,-: /$1J+) $D)&/+) /#1$S'R >&9:%'3 V#14% O($,EI()"'%&H+,-:"/$1J+)"$D)&/+) 5##4RVR >#%'%#134" >&9:%'3 V#14% e9c%av#14% (=O Z#DSNR($MS&'R >&9:%'3(V#14% ;/I:J) W7$+,.)S. ) - = J + K H * ),,, JB N"MB (JO `%&4#\9Y3VDXN343(>#%$"#$'%.=(=), =-.=(=), I I -B,, -B,, K ).B N[B Reverse(D"&XN34$.H(H=J -H K(,,, I I =B)+ =B)H. ),,. -,B ">&B Reverse(D"&XN34$.,J(-KK -)* K-(,,, I =BKJ =BKK =BK* K.)B $%>'B Reverse D"&XN34$ +*()H. +- +*()H. =B)J I I I..-B Reverse D"&XN34$ =,(=*J =J =,(=*J =B)J I I I. )HB 9MB Reverse D"&XN34$ K-(,*+.++ J-(,,, I -B)J -B)H -B)* K ),,) =B N"MB Reverse(D"&XN34$ JK(+== +. )J(,,, I -B)J -B-, -B-) -.,B Reverse D"&XN34$ J*(-KK +- =,(,,, I -B)J -B)H -B-,..HB D%:B Reverse(D"&XN34$ )H(=H, J,.,(,,, I )BKJ )BH, )BH) + ),,- )-B 4"#N$ `%&4#\9Y3VDXN343(>#%$"#$'% -(HJ,.) -(HJ, )BJ, I I I - ),,=..B 4"#N$ `%&4#\9Y3VDXN343(>#%$"#$'%.+(),, )=.-(,,, )B,, I I I. HB 9MB Reverse(D"&XN34$ --(.KJ =) +(J,, I )B,, )B,+ )B,K. KB D%:B `%&4#\9Y3VDXN343(>#%$"#$'%.H(.HJ.+.J(,,, )B,, I I I. ),,J.HB N"MB Reverse(D"&XN34$ --(,+J )H H(,,, I )B,, )B,J )B,J. KB 2%C&B Reverse(D"&XN34$.K(K.J )= )(J,, I )B,, )B,J )B,J.

92 EURO ZONAS STATISTIKA Monetārās politikas statistika 1.4. Obligāto rezervju un likviditātes statistika L4VN&DB(%3&9r(D#%"$(>9QX:#N3(M#DSN#%(&RDX'RN#(>%&#9DRW(N"("M(9&RDX'$(:#'RD#r(Y"D"(>&9:%'3(V#14%$r(oO RK"?%+7E-$+)-.j:"%+D+%CA:".D+2":D"1:%:"(--$+H$,.J()"%+D+%CA:"'%()E() \+D+%CA:".D+?&'. =($)-E()2"1:%.J"/$+-&A(J("3Q"%+D+%CA:",&%J( =($)-E()2"1:%.J"/$+-&A(J("4Q"%+D+%CA:",&%J( W7(-:J)S "RS G9Y3VDXN34# L3Q("1'#W("&('%&4#\3(VXDQ )(Y"D#%4(3(C&XD#RN34" '%&4#\3(>"&(#Q\%4T"3O 8"&RD"(MS&'$>">X&# G9Y3VDXN34# L"&(DQST""$('%&4#\3 L3Q("1'#W("&('%&4#\3 VXDQ()(Y"D#%4O #VYR13(>"&()(Y"D#%4 3(C&XD#RN34"('%&4#\3 >"&(#Q\%4T"3O Repo D"&XN34# 8"&RD"(MS&'$>">X&# L"&(DQST""$('%&4#\3 #VYR13(>"&()(Y"D#%4O 3K"\+D+%CA:"'%()E:"$D'$/7+ \+D+%CA:"'%()E: $D'$/7+)"'+%$&7( +$I:"7(-:J) T$%)%+D+%C+) ;D-%a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n[vb.)(.h)b, +(J.KB= ==)B+.(J)KBK HJKB, )(H-KBd3YB.)(.+KBJ +(=K,B) ==+B=.(J-.B. HH=B) )(H-JBJ F%>'B.)(),*B+ +(=HHB, =-JB-.(J-JB- HH,BH )(HK,Bl1'B.)()+)B. +(=*+B* ==HB).(J=+BJ HHHBH )(HH.BK G9MB.)(-K.BK +(J-JBK =J)BK.(JJ.B. *=+B+ )(HHJB+ ^%:B.)(=.JB* +(J*-BK =JHB..(J+JB) *.-BK )(HHJBdM9'$?(PUbB.O 8%&#9D"(C%#YR$B P3&9$#$'S4"$ %'9("1'XM# LQ%V'$(3 R&M"V$'3 M"V['"$O ^$1C$7$-.-$"'(/$+/$,&@$+"F(1-&%$ P3&9$#$'S4"$(49%'R&R$(>9V#'#1"$(9>%&R:#N"$ ^$1C$7$-.-$")(J(D$,&@$+"F(1-&%$?%+7E-_ $+)-.j: '$+'%(_ d#qd%m343 G9Y3VDXN3I b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`(:7().D+ S 9

93 2L4VN&DB(%3&9r("'V#134#(>%&#9D"(C%#YR$O 2.1. Euro zonas MFI kopsavilkuma bilance NAUDA, BANKU DARBĪBA UN IEGULDĪJUMU FONDI RK"61-EC$?&'. 6$D7+C:J$"+:%&"D&,()"%+D$7+,-$+J #:%&"D&,()"%+D$7+,-:"+J$-G-&",+(1H$A: CG%-)'('E%:"-:%GA:J$!9>R Z"VDXC" U#'#(%3&9 Q9"$ (&%Q#D%'# 5/E!9>R Z"VDXC" U#'#(%3&9 Q9"$ (&%Q#D%'# 5/E `(:7() -$%I:) F&,7: (1H$A()m 7(B()" RS #:%&"D&,() %+D$7+,-: +J$-G-& (1H$A:mH$-: 1('$-./( CG%-)'('E%: -:%GA:J$ o%ga$+ (1-EC$ 8(J(-_ /E7D+1B$ 8.%GA$+ (1-EC$. ) - = J + K H *.,...).-.= P3&9$#$'S4" ),,).(,=)BH =.+B) )=B),B+ -*.B- *=B+ H+B,.B, KB+ I.-B) -K=B)..B*.-)BK ),,-.(,H+BH =K.B- ))B+,B+ ==HB,.--B+.).BJ.B-.,BH I.)BH -.KB*.)B=.-HBH ),,= E.(.,)BK =+KB+ ))B+,BK ===B-.=-B=.)HB*.BJ.-B, I.-B. -),BK.=B,.=-B* EE.(),,B, J+,B* ))B),B+ J-HB,.=KBH.--BJ.B*.)B- I.-B- -..B-.=B..J)BK EEE.(.*-BJ J==B- ))B),B+ J).BJ.J,BK.-JB).B*.-B+ I.-BJ -,*B).=B).+.BK ),,= l1'b.())=bh JK)B+ ))B),B+ J=*BH.J)B*.-KB-.BK.-B* I.-BH -,KBJ.=B).+-B* G9MB.(),+B+ JJ,BJ ))B),B+ J)KB+.J+B+.=.BK.B-.-BJ I.=B. -,JBJ.=B-.+JBK ^%:B.(.*KB- J=+B+ ).BJ,B+ J)=B=.J=BH.=,B,.BK.-B. I.=B) )*.B+.=B).K+B, ),,J n"mb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l1'b ).(.JHB*.)(+KJB+ H.)B) K(==KB= =(=.+B, -(),,B..(-=-B- =J,B=.(=,+B= KKB* *)JB, )(*.-BK.+.BK.(),=BH G9MB ).(-=+B..)(K.KB+ H,HB) K(J.,BK =(-*HBK -().KB..(-=+B, =J+B..(=.=B* KHB- *==BK )(*KHBJ.+.B).()=HB+ ^%:B ).(-==B+.)(H)=B* H.=B* K(J=*B+ =(=+,B= -(.HJB=.()*JBH =+JB-.(=)=B- K)BJ *=KB, )(*=-B..+,B-.()..B= ),,J n"mb( L>O ).(+=+BJ.)(HH+B, H),B. K(J*,B, =(=KJB* -()--BJ.(--+B+ =+HBJ.(=)HB= KJB+ *+)BK -(,KJBJ.JKB..()J+B, 3K"8()EC$?&'. =1($7%.",(:7( ('I%&DE.!9>R #:%&"D&,()"%+D$7+,-:",&I:/7EA:J$ U%'&RVR M"VDXC" 8R&SNR M"VDXC"@:#'# %3&9(Q9"$ &%Q#D%'# `(:7() -$%I:)"F&,7: (1H$A()m 7(B() "3S dm9'$?(pubb.o P3&9(Q9"$(&%Q#D%'3(%4#'S'R($344"B(s&>3$(%3&9(Q9"$(%$9T9(M"V$'3(&%Q#D%'3(%4#'S'R($344"(#%1g"3'"(R&SN9$("1'XM9$B )O P3&9(Q9"$(&%Q#D%'3('3&S'R($344"B -O s&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'3('3&s'#%(>"&rd"(ms&'$>">x&#("&('%&4#\3(vxdq()(y"d#%4(#%1g"3'#(r&snr$($"#$'xcr$b 5/E #J$-G-$+ '(%.7( CG%-)'('E%$ "MS?('$-./)":, %+D+%C+) o%ga.) )($)-E() 8.%GA.) )($)-E(). ) - = J + K H *.,.. P3&9$#$'S4" ),,).(,=)BH -*)B* -)HB= )*BJ.JB+ )H-B- I -B+.+JB* -)B*..*B. ),,-.(,H+BH =J,BJ -)=B, ).B-.+B* )HJBH I.B+.=-BH )KBJ.-*B= ),,= E.(.,)BK =-*B* --+B+ =-B..JBH )KKBK I.B+.JJBJ )-B+.=JB- EE.(),,B, =+JB. =.-B) +KB..HB= -)KB+ I.B+.=JBJ )-BJ.J.B. EEE.(.*-BJ =H,B+ -H,B= JKBH.+B- -,+B- I.B+.=HBJ )-B+.JHBH ),,= l1'b.())=bh =HKB, =,.B= +=B..HB) -.*B) I.B+.=KBJ )=B).+-B) G9MB.(),+B+ =*.B* -K*B) J-B,.KB* -,HB- I,BJ.=JBK )=B*.+=B- ^%:B.(.*KB- J.KB- -=+BK )=BK.JB, -,+B* I,BJ.-HB, )KB).+KBK ),,J n"mb( L>O.()=,B+ J,)B= =,.BK JKB+.JBK -)HB= I,BJ.==B* )JBH.+JB- 5/EW(#Q\%49'(P3&9$#$'S43 ),,).H(HJKB*,B,.,(.*KBH.,+B* J(*J=B- =(.-+B+ J-)BH )(**-BJ.(.,HBK )(J*-B-.(=-.BK ),,-.*(H,,BH,B,.,(KK=BK.-)B- +()KKB+ =(-+=B* +=HBH -(.+.B=.(.J.B, )(+,+BJ.(=JHBJ ),,= E ),(-*JB+,B,.,(H+-BJ.=,BK +(-.,B- =(=.)BJ +H,B+ -(-,=B+.(.+,B= )(H-)B+.(JJ-B* EE ),(KJKBJ,B,..(,HKB*.J+B+ +(=,HBJ =(J))BH +H+B, -(-K,BJ.(.KKB+ )(HK,B-.(J+JB) EEE ),(*H=B),B,..(.K=B).=+B- +(==.B- =(JH+B+ +HKB, -(==KBH.(.HKB) )(H-HB,.(+J,B, ),,= l1'b ).(.JHB*,B,..()*.B).--B= +(=*.B+ =(+++B) +*JB, -(=KKBH.(.*.B) )(H)-B-.(+H,B= G9MB ).(-=+B.,B,..(-.*B-.)*BH +(J)HB- =(++.B) +*.BH -(=H*B,.(),HBH )(HH,B).(KJKB. ^%:B ).(-==B+,B,..(=K*B+.-HB* +(+-HB= =(K,)B- +K+B- -(=*HBH.(),JB+ )(H.=BK.(++*B+ ),,J n"mb( L>O ).(+=+BJ,B,..(J,)B*.))B* +(+J)B- =(K)KBH +H*B, -(J--BK (.(),JB- )(*+KB=.(K=HB) S 1

94 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.2. Euro zonas MFI konsolidētā bilance L4VN&DB(%3&9r("'V#134#(>%&#9D"(C%#YR$r(D"&XN34#(>%&#9DRO RK"61-EC$?&'. 6$D7+C:J$"+:%&"D&,() ""%+D$7+,-$+J!9>R Z"VDXC" U#'#(%3&9 Q9"$ &%Q#D%'# #:%&"D&,()"C(/)-:"%+D$7+,-:"+J$-G-&,+(1H$A:"CG%-)'('E%:"-:%GA:J$!9>R Z"VDXC" U#'#(%3&9 Q9"$ &%Q#D%'# *$-:"+:%& D&,() %+D$7+,-: +J$-G-& (1H$A:mH$-: 1('$-./( CG%-)'('E%: -:%GA:J$ o%ga$+ (1-EC$ 8(J(-/E7D+1B$ 8.%GA$+ (1-EC$. ) - = J + K H *.,.. d'v#134# ),,).-(*-.B) K(+.HBJ H-KB) +(KH.B).(JHHB..()).B, -+KB. JK)BK )(H-*BK.K*BJ.(.-)BK ),,-.=(JJKB= K(*==B) H=.BK K(.,)BJ.(K*-B..(-+=B. =)*B, +)-BH )(HHKBH.K=B..(.-=B= ),,= E.J(,++B- H(,.+BH H=+B, K(.K,BH.(H++B).(=-,BJ =-JBK +=*B= -(.J+BH.K-B*.(),-B. EE.J(---B+ H(.+.B, H=,BJ K(-),BJ.(*)*B+.(=H,BJ ==*B, ++)B* -(.HJB-.K-BH.()).B. EEE.J(=H*B- H()-+B= H-=BJ K(=,.B*.(*-,B=.(=H.B. ==*B- +=-B. -().+BJ.KJB).()HKBH ),,= l1'b.j(jhjb= H()H)BJ H-=BJ K(==HB,.(*-)BK.(=H,B+ =J)B. +=KB, -()).B).KJB*.(-)+B. G9MB.J(KKKB* H(-=.BH H-,B= K(J..B-.(*=JB).(=HKBH =JKB= ++,B) -()H=B,.KJBJ.(-K.B) ^%:B.J(K,=BK H(-H+B+ H-+B= K(JJ,B).(*,)BH (.(=-JBH =+KB, ++KBJ -()-=BH.K=BJ.(--HBJ ),,J n"mb( L>O.J(**-B) H(=-)B- H=.B+ K(J*,B+.(*J,B=.(=H,B. =K,B- +KHBH -(-K-BK.K)B,.(-H+B, ^"&XN34# ),,) +,)BH )**B) I*B= -,HB+ K)B) =-B= )HBH KBK )=JB) I.B- I),B. ),,- K+KB= -HJB*.-BK -K)B).K,B=..+B) J=B..*B= )))B, I-B+ I)+BH ),,= E =-,B+ H=B+ JBH KHBH J+B+ J)BH -BH )=B+ ).=B= I,B= J.B, EE )+*B=.J,B- IKB..JKB= +=BK J,B-.=B- HB- --B..B+..B= EEE.*,B+ HKB+ IJBK *-B- I=B, I.BH I)B) I.*B+ +,BH.B+ +=B) ),,= l1'b.))bh =*BJ,B) =*B=.BH I.B. )B* )B* -,BK,BK -KB) G9MB )-*B) +JB) I-B* +*B,.)B= +B* JBJ.)B).,+B. I,B= =-BH ^%:B I*B- JJBH JBK J,B. I=.B+ IJ)B-.,BK JB+ I..B+,B= I.KBH ),,J n"mb( L>O ))-B= ==BH JB, -*BH ==B= =.B- -B...BH H)B. I)B- =)B+ 3K"8()EC$?&'. =1($7%.,(:7( ('I%&DE. *+,-%./.) C(/7E(),&I:/7EA:J$ 8.%GA.) `(:7()"-$%I:) C(/7E()mH$-: F&,7:"(1H$A()m +:%&"D&,() 7(B() "RS %+D$7+,-:,&I:/7EA:J$ #J$-G-$+ '(%.7( CG%-)'('E%$" 3S dm9'$?(pubb.o P3&9(Q9"$(&%Q#D%'3('3&S'R($344"B )O s&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'3('3&s'#%(>"&rd"(ms&'$>">x&#("&('%&4#\3(vxdq()(y"d#%4(#%1g"3'#(r&snr$($"#$'xcr$b?('$-./)":, %+D+%C+) o%ga.) )($)-E() 8.%GA.) )($)-E() O<; )(C)-(%'GA& )($)-E: '.%),$+I:J). ) - = J + K H *., ),,).-(*-.B) -=.B).-+B= J(*+*B* d'v#134# =K,BJ.(H.*B,.(,,+B= )(+)+B).(JJ,B*.,BH ),,-.=(JJKB= -*KB*.J-B+ +()*=B= JH.BJ.(HKHBJ.(,.,BK )(+-=B,.(J*KB* HB* ),,= E.J(,++B- -**B+.H-BH +(-)+B. +,)B+.(*J.BJ.(,)JBH )(HJ+B).(+**B- ).B= EE.J(---B+ =)-B, ))-BK +(=)KB, +,*B) )(,,,B=.(,)=B. )(H*-BH.(K.+B-.+B. EEE.J(=H*B- =-HB, ),=B. +(=JKB+ +,*BJ )(,=*B*.(,==BK )(H+.B+.(H,HBH.JB, ),,= l1'b.j(jhjb= ===B=.*KB= +(J,*BH +.KB. )(,J*B..(,=KB, )(H=KB=.(H=-B+.*B+ G9MB.J(KKKB* ==HBK.H)BH +(J=+B) +.-BJ )(,+.B..(,JJBH )(*,JB..(*).B= =-B) ^%:B.J(K,=BK =+HB=.+-B+ +(+J-B= +,-BH )(,+)B,.(,=*BH )(H=.B*.(H-KB- )=B= ),,J n"mb( L>O.J(**-B) =J*B*.H,BJ +(++KB* +.-B- )(,*.BH.(,J)BJ )(**-B).(*.-BJ ),B+ ^"&XN34# ),,) +,)BH.,.B= IJBH )))B, K,B,.,+B. -*BK KJB. I*)B- H+BJ ),,- K+KB= K*B,.)B* -.JBH JKB).--B= =,B..-,B- I+.B, J*BH ),,= E =-,B+.BK -,B) )JB) ))B= +.B- HB).K=BK..KBK I.,BK EE )+*B= )-B= -*B=.,)B= )B) =HBK.,B, -)B-.-B) I)B- EEE.*,B+.JB. I.*BK -JBJ.B+ J=BH.*B) I-BK K*BJ HB- ),,= l1'b.))bh +B= I+BK JJB) KB=.=B..BH.,B= ))B*..B= G9MB )-*B) =B= I.=B+ =.BK I-B...B. JB* *+B, +-B= -=B- ^%:B I*B-.*BK I.*B)...B- I*B) HB*,B. I-=B= IK-B= I.-B. ),,J n"mb( L>O ))-B= IHBJ.+BH HB) *BH.,B, +B+.,=B+ HHBK I.)B* S 11

95 2.3. Monetārā statistika L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r($%Q9RV#(#QVXDQ#R'#(D"'#r("'V#134#(3(>#%"3Y34"('%4>$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO RK"O&,+-.%$+"%.7E-.A$" RS 5. 5)I5. OM OM J($,EI($) C$7GA($) WH+,-%G-)S ;/I.1( -+%J$>( )($)-E()?%+7E-) C(/7E($?%+7E-)"'.%GA$+J"+:%& D&,()"%+D$7+,-$+J 5) 5-I5) d#qd%m34# 9E%$+".%GA$+ (1-EC$" 3S. ) - = J + K H *.,.. ),,) )(==.BK )(=KJB* =(*.KB+ HJ-BJ Atlikumi J(KK.B. I -(*H*B) )(,K)B) K(K)-B- +(KKHB*.H*B- ),,- )(+K+B. )(JJ*B+ J()-JBK *.)B- +(.=HB. I =(.=)B+ )()))B- H(.JHB, K(.,,B* )-.B- ),,= E )(K+*B) )(JJ)B) J(-).B= *,JB* +())KB) I =()=,BH )()J*BJ H()=.BK K(.+JB, -.+B* EE ()(K*,B- ()(JH.B* J(-K)B) *-.BH +(-,=B, I =(-,KB- )(-,+B* H(=,-B) K()*-B- )*,B) EEE )(H+HB* )(+).B. J(=*,B, *=.B- +(=-.B- I =(-*JB. )(-)=B* H(J)-B= (K(=.JB) -==BH ),,= l1'b )(HH.B+ )(+=)B+ J(J)=B) *=+B) +(=K,B- I =(=.+B, )(-)+B+ H(JKKB- K(=+JB, -JJB* G9MB )(*,KB- )(+-KBK J(J==B* *=JBK +(=*,B+ I =(==-B= )(-.+BK H(+=+B) K(J.HB, -JJBJ ^%:B )(H*)B- )(+K)B- J(J+=B+ *+-BH +(J)HBJ I =(=J*B- )()*,B, H(+HKB= K(J=HBK -K)B= ),,J n"mb( L>O )(*J+B. )(++=B* J(+).B, *=*B- +(JK,B= I =(=*-B= )(-)=BK H(K=+BJ K(J*+B* -KHB- ^"&XN34# ),,) ).KB- H*B- -,+BJ +HBH -KJB- I.H*B. -JB. -=KB) -..B*.K-B. ),,- )JHB...=B+ -K)BK -=BH =,KBJ I )-HB+.-)B- ==+B. -K-B, *-BJ ),,= E *)B- I.-B) K*B. I.B+ KKBJ I K+B, )JB, *,B) K=BJ KHB= EE ),B+ -.BH J)B= ))BH KJB) I K+B* =+B..+JB..-+B. I.+BK EEE H,B+ =,BK.).B- *B,.-,B- I *=BK.+B..)*BH.--B* JJBH ),,= l1'b.=b, )-B, -+B* =B) =.B. I )+B..B) J+B- J-B,.)BJ G9MB )HBJ I)BJ )+B, I,B) )JBH I -=B, I.,B, K-BK JHBK =BJ ^%:B I..B= -JB, )-B+.HB- =.B* I -,B= I)KB= J.B* =)B, )JBH ),,J n"mb( L>O +.B- I.,B- J.B, I.=B- -+BK I.KB= -.B= JHBH =KB+ I=B) 8#%"3Y34"('%4>$ ),,) ^%:B *BH -BK +B+ HBH KB, KB. =B*.BK =BK =BH.K-B. ),,- ^%:B.,B+ =BK KB+ =B. KB. KB, +B, +B- JBH JBJ *-BJ ),,= 5"&'$..B= )B. +BK -B) +B) JB* KB, +B+ JBK JB- *-B. n[b *BJ.BK JB+ -BJ JB- JB) KBK KB= +B. +B,,BK F%>'B *BK )BK +B- =BK +B, JBH KB* JB) +B- +BJ.)=B- ),,= l1'b *B, -B+ +B- -B, JBH +B, KBH =B) +BJ +BK.-)B- G9MB *BH -B) +BJ -B. +B, +B. KBK -B- +BK +B*.)JB* ^%:B HB= =BJ +BJ JBH +B= +B- HB. )B- KB, KB,.+,B= ),,J n"mb( L>O *B) =B= +B* =BH +B+ B HB. -BK KB- KB-...B* A1. Monetārie rādītāji (Y"D"(>#%"3Y34"('%4>$r($%Q9RV#(#QVXDQ#R'#(D"'#) A2. Atbilstošie bilances posteņi (Y"D"(>#%"3Y34"('%4>$r($%Q9RV#(#QVXDQ#R'#(D"'#) 16 M1 M ilgâka termiòa finanðu saistîbas kredîts valdîbai aizdevumi pârçjiem euro zonas rezidentiem dm9'$?(pubb.o 5/E(3(:%'&RVR$(M"VDXC"$(L>"$'$W(Z"V$'$(1"$%O(49%'R&R$($"#$'XC"$(>&%'(%3&9(Q9"$(&%Q#D%'3(%I5/EW(#Q\%49'(:%'&RV9(M"VDXC3(L5.W(5)W(5-($1B('%&4#3($1"#D&9N34ROB )O F"D"gR(w8#%"3Y34"('%4>$w(#%'M%&'R$(MS&'XC"$(#&(.)(4S%T3(V"#1R(>#&4$(9&RDX'R(>%&#9D"(M%#1'9(D"&XN343($344"B S 12

96 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.3.Monetārā statistika L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r($%Q9RV#(#QVXDQ#R'#(D"'#r("'V#134#(3(>#%"3Y34$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO =1($7%.,(:7( ('I%&DE. `&I:/7EA:J$ :D",(1-$ `&I:/7EA:J$ (%",&-+$1-& -+%J$>: /E7D 3"I(7$+J `&I:/7EA:J$ (% %E7$,.A:J( -+%J$>:"'(% /E7D Repo `(:7() 7(%EA:J$ -$%I:)"F&,7: (1H$A()m7(B() 8(%.7( CG%-)'('E%$ (%"-+%J$>: /E7D 3"I(7$+J 8(%.7( CG%-)'('E%$ (%"-+%J$>: $/I.1: '(% 3"I(7$+J `&I:/7EA:J$ (% %E7$,.A:J( -+%J$>:"'(% $/I.1:"'(% `&I:/7EA:J$ (%",&-+$1-& -+%J$>: $/I.1: '(% 3"I(7$+J?('$-./)":, %+D+%C+). ) - = J + K H *.,.. ),,) --)B- )(.,*B=.(,KKB,.(-**B, d'v#134# )=,BJ =H=BJ.)HBJ.(+*=B,.,-BH.(.H+B+.(,,=BH ),,- -HKB+ )()HHB+.(,-KB,.(J))B+ )))BJ J*KB. *)BK.(K*,B) *,B+.()J-B..(,,HBK ),,= E =,+B) )(-+-B..(,,-B*.(J=HB- ).=B- J*KB. *=BJ.(HJJBH *,B..()+HB-.(,)+B+ EE =),BJ )(-+*BH **JB).(JH+BK )),B) +..BJ.,,B..(H**B, H*B..()*HB+.(,),B+ EEE =-*B* )(=)*B,.(,,)B+.(+.HBJ ))JB- +.JB+.,,B=.(*=KB) HHB=.(-.HBK.(,=,BH ),,= l1'b ==+B- )(=-JB).(,),B).(+))B= ))=BJ +))BK **B,.(*J-BJ H*B=.(-)KBH.(,=JB- G9MB =J-B- )(=J-B*.(,,+BH.(+-,B* ))JB- +.KB-.,-B..(*=*BK H*BK.(-=-B=.(,+,BJ ^%:B =J-B- )(=-*B,.(,-KB=.(+-=B* )=-B) +.*B=.,.B).(*+=BK H*BJ.(-JKB+.(,=KBJ ),,J n"mb( L>O =+HB) )(=HHB,.(,-,B-.(+-=B+ ))*B* +.JB=.,=B,.(**)B= *,B..(-+-B=.(,=KBJ ^"&XN34# ),,) **B-..HB, I.B. *,B-.,BK K,B+ I.)BJ..HBK I.,B, =.B, -*B= ),,- KKBH.H,B- I)HBH.=-B= IHBH JHB+ I.JB..=*B= I.-B) +)BK -*BK ),,= E.HB+ K-BK I-HBH )JBJ IKB).B) =BJ J.B) I,BJ.=B=.,B* EE.=B= +B) I+BK -HBJ JBJ.,B, KB- =.B- I.B, -,BK JB* EEE.*B- +.B- HBK -)B, JB. JB- I.BJ JJB) I,BK ).B=.HBK ),,= l1'b +BJ KBJ.*B, -B* I,BK +B* I)B,..BH.B, *B= =B, G9MB KB, ).BJ I..B. HB+,B* I=BH -BK JBK,B-.JB+.)B- ^%:B,B, I..B= -.B, =B..HB, )BJ I)B) )-B- I,B).=B- I+B* ),,J n"mb( L>O.=B* =+BJ I*BH I,BJ I.-BJ I-B+ )BK KB*,B+ JB, -B* 8#%"3Y34"('%4>$ ),,) ^%:B =)B+ JB* I,B. +B* =BK.KB. I*B, KB= IHBH -BJ =B, ),,- ^%:B )=B* HBJ I)BK.,B= I-B*..B) I.=B* HB* I.)BK JB- =B, ),,= 5"&'$ ))BK *BK I+B. HB) I.B) +B* IKB-.,BJ I*B* JB= =B+ n[b ).B. KBK I+B* HB, )B, =BK,BJ.,B= IKB. KB, JB) F%>'B.*B* HB. I=B- KB+ -B) =B)..BK.,B* I-B, KB) =BJ ),,= l1'b.*b+ KB) I)B, KB=.B* =B= I-B,.,BJ I)B. KB= =BJ G9MB.*B) HB) I-B. KBJ,B) =BK,BJ *BH I.B= KB* =B+ ^%:B.KB, +B*,B) KB= *BH -BJ.,BK.,BJ I.B) HB= =B= ),,J n"mb( L>O.HBJ KBK,B+ KB, +B- -B+ HB) *B* I,B- HB+ JB, A3. Monetārie rādītāji LY"D"(>#%"3Y34"('%4>$r($%Q9RV#(#QVXDQ#R'#(D"'#O A4. Ilgāka termiņa finanšu saistību sastāvdaļas LY"D"(>#%"3Y34"('%4>$r($%Q9RV#(#QVXDQ#R'#(D"'#O 6 skaidrâ nauda apgrozîbâ noguldîjumi uz nakti noguldîjumi ar brîdinâjuma termiòu par izòemðanu lîdz 3 mçneðiem 6 2 parâda vçrtspapîri ar termiòu ilgâku par 2 gadiem noguldîjumi ar noteikto termiòu ilgâku par 2 gadiem kapitâls un rezerves dm9'$?(pubb S 13

97 2.4. MFI aizdevumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34"('%4>$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO '+,)$A:"F&,7$ 3S _XDQ(.(Y"D"4 G9(.(Y"D"(VXDQ J(Y"D#%4 _XDQ(.(Y"D"4 _XDQ(.(Y"D"4 EVYR1(>"& J(Y"D#%4. ) - = J + K H ),,) -)B*.*B+ =JJBJ Atlikumi )H*B- )(*+JB. *H,B) J.=BH.(=K,B. ),,- -JB= ))B. J..B+ -).B* -(,-=B) *JHBK J)KB,.(J=HBJ ),,= E =+B- -)B) J,-BH -,-BH -(,JJB- *JJB. J)+B).(JK=B, EE J-BK -*BH J,*BK -,JBK -(,*-B= *++B= J-KB-.(JH*BK EEE J)BJ -KB+ J,HB- -,.B) -(.,=B) *J)BJ J=JB*.(+,JBH ),,= l1'b J=BH -*B. J..B* -,JB) -(.)-B. *+.B. J=+BH.(+.JB) G9MB J=B, -KBH J-=B+ -)HBJ -(.=)BK *KJB- J=*B..(+.HB- ^%:B =HBK -,BH J=.B+ --)B- -(.J=BH *K=B= J=HB+.(+-.BH ),,J n"mb( L>O JJB+ -HB+ J=)B. --KB= -(.K,BH *K*BJ JJKBH.(+--BJ ^"&XN34# ),,) I=B. IHB, )-B*.=B).,-BK I)+B+ -.BH *HBJ ),,- =B) )B) J-BH )+B..,)B= IHB,.JBJ *=BH ),,= E.,BH.,B, I)BH I..B+ ))BJ I-BJ =B, ))B. EE KB, KB- HBJ =BJ J*B*.+B...BK -)B. EEE I.B. I)B) )B= I,BH.+B= I.)B, *BJ.HB* ),,= l1'b )B=.B+ JB) =BJ ),B) *B).B) *BH G9MB I,BK I.B- )-B* )=B= )-B-.JB- )BH JB. ^%:B IJB) I+B* HBK -B+ ),BH I.BJ -B-.*B, ),,J n"mb( L>O +BJ KBJ I.BJ -B*.+B. JB. *B..BH 8#%"3Y34"('%4>$ ),,) ^%:B I.,B- I)HB= JBJ JB. -B+ I)B+ +BJ KB. ),,- ^%:B..BH..B+..BK HBH -BJ I,BH -B, +BJ ),,= n[b.hbh )JB+ HBJ -B, =B, I)B. +B= KB) F%>'B.KBJ -.BJ HBJ JB+ =BJ I,BJ +B. KB) ),,= l1'b *B=.=BK *B) KBJ JB..BJ JB+ KB) G9MB.,B,.=B,.,B. HBJ JB) )B+ JBJ +BK ^%:B -KB. -*B. *B) HB. JB= )BJ +B) +B* ),,J n"mb( L>O.+B=..B* *BJ.,B+ JBK )BH KB+ +BH A5. Aizdevumi finanšu starpniekiem un nefinanšu sabiedrībām (gada pieauguma temps) dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O p"nr(1"'%y9&#nr(#%'#v>$'(#%y3vdxn343(29d#b S 14

98 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.4. MFI aizdevumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO 3K"O.A)($J,$+HE.J"$D),$+I-$+"1%+7E-$ "3S?&'. 8(-G%$>("1%+7E-$?%+7E-$"J.A&1B("$+I.7+$ *$-$"1%+7E-$!9>R _XDQ.(Y"D"4 G9.(Y"D"(VXDQ J(Y"D#%4 EVYR1(>"& J(Y"D#%4!9>R _XDQ.(Y"D"4 G9.(Y"D"(VXDQ J(Y"D#%4 EVYR1(>"& J(Y"D#%4!9>R _XDQ.(Y"D"4 G9.(Y"D"(VXDQ J(Y"D#%4 EVYR1(>"& J(Y"D#%4. ) - = J + K H *.,...).- d'v#134# ),,) -(-)KB, J.HB*.,JB*.KHB- )-=BK )(.HHBJ ))B- +JB. )(.,.B. +.*B+.J-B* **BK -++B, ),,- -(J),B+ =H=BJ..)B,.H.B,.*.BJ )(-+,B=.=B= +-B- )()H)BK +KJB+.=JB, *JBJ =-JB. ),,= E -(J+=BK =H=BJ.,*B*.H)B-.*)B- )(=,,B).=B) +.B+ )(-)=B= +K*B*.=.BH *JB. ==-B, EE -(++-B) J,)B)..JB..HKB..**B* )(=+-BK.JB) +=BK )(-H-BH +*KB).=KBJ **B) =J,BJ EEE -(K-+B- J,KBJ..JB).HHB= ),-B* )(J-=B..=B* +JBH )(=J-B- +*=BK.==B+ **B, =J.B, ),,= l1'b -(KJKB+ J,*B=..=B*.H*BJ ),JB, )(JJ-BJ.JBJ ++BJ )(=K.BJ +*=BH.=-B+ **BK =J.BJ G9MB -(KK*B= J,*B*..=BH.H*BK ),JB= )(JK.B*.JB- +JBK )(=*.B, +*KB+.=+BJ **B= =J.BK ^%:B -(H,=BJ J.-BH..KB-.*.B, ),JBJ )(J*)B-.JBJ +JBH )(J..B, +*HB=.==BJ **BK =J=B- ),,J n"mb( L>O -(H).BJ J.JB-..HB+.*,BK ),JB* )(+,KB).JB, +JBJ )(J)+BK +**B..==B. *HBH =J+B) ^"&XN34# ),,).H-B) ).B* KB. JB- *B=.JKB* I,B= )B-.J+B, -BJ I-B. )B) =B= ),,- )..BH.-B- HB= +B- I.B=.KKB= IJB*.BK.H.BJ ).B. I+B- I=B* -)B- ),,= E =HB) )B. I.B+.BH )B, ==B* I,B. I,BH =JBK.B- I)B-,B= -B) EE H)B,.-B+ =BH -BK JB. J*B*,B* )B+ J+BJ HBJ -B..B, =BJ EEE KJB+ JB=,B).B- -B* K.B= I,B).B) K,B= I.B. I)B+ I,B= )B, ),,= l1'b ).B+.BK I,B-,BK.B).*B*,BJ,B-.*B.,B, I,B*,B*,B, G9MB ))BJ,BH I,B.,B-,BK.HBK I,B= I,B+.*BK -B, -B) I,B) I,B. ^%:B )JB* =BJ )BH.BJ,B) ).BK,B-,B) ).B) I,B- I.B),B=,BJ ),,J n"mb( L>O.HBK.BK,BH,B,,B*.JB, I,B= I,B-.JBK.B*,B, I,B* )BH 8#%"3Y34"('%4>$ ),,) ^%:B JBH =B= +B* -B. =B) KBH I.BH -BK HB.,B+ I)B, )B).B) ),,- ^%:B +B= )BH HB. -B+ I,B) HB. I)+B) )B+ HBK -B- I=B) IJB, HBJ ),,= 5"&'$ +B+ =B- I,B. +B. JB- HB= =B+ I-B- HBH )B= I.B, I.BH =B= n[b KB- JBK -B- JBH KB, *B, *B..B, *B- )B- I.B=.BK -BH F%>'B KBH +B) =B= JB= HB, *BH =B-,B+.,B).BH I,B. I,B. )BH ),,= l1'b KBH JB* -BK JB) KB* *BH *B. I,B).,B) )B..B,.B. )B+ G9MB KB* +BJ KB, =B+ HB..,B, +B) I,B*.,B-.B*.B).B) )B- ^%:B KBH JBH JB) JB. +BH.,B, +B+ =B+.,B).BK I,BJ )B) )B- ),,J n"mb (L>O HB. +BH KB- +B, KB..,B. JBH JBH.,B) )B-,B* )B. )B* A6. Mājsaimniecībām izsniegtie kredīti (gada pieauguma temps) dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O `B$1B(4RN$"#4#%:XC"$(">1"V>9N9TR4(C%Q>%g\"$(9&Y"#QR:#NR4B S 15

99 2.4. MFI aizdevumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34"('%4>$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO U%'&RVR M"VDXC" T(/7E( 8R&SNR(M"VDXC"!9>R (b"1"$( )O G%C"1"$ 8"M"V$'$ M"VDXC" Z#%'SNR(M"VDXC" 9D&9T#RT""$ F9:#RVR$ 29D#!9>R Z"VDXC" U#'"$. ) - = J + K H *., Atlikumi ),,) H.-B,.-)BK )KKBK -H)BH.*BK.(K-,B..(.=+B) JH-B* +=B+ J.*B- ),,- H.*B..-,B, )+JB. -HHB* -JB,.(K+)BK.(.H)B) JH,B+ J*B- J).B) ),,= E H)-B-.-=B+ )+.B- -HHBJ -HB*.(*JJBJ.(-,HB+ +=+B* +.B. JHJBH EE H.HB-.)*BK )J-B= -*.B= =-BK.(*+JB-.(-))BK +=)B+ +,BH JH.BH EEE H.)B).)+BJ )J)B- -*=B+ -HBH.(*+JB*.(-.KB- +=HB+ +,B* JHKBK EZ( L>O H.=B*.)*BJ )J)B= -*JBK -KB-.(*KHB=.(--+B+ +=.BH +.BJ JH,B= ^"&XN34# ),,) IKB* I..B- I).B..*B* =B+.+*B..-JB) -=BJ I.B) -JBK ),,-.JB- I=B- I.)B).+B+.JB-.J*B+.,*B) J,B- IJB, JJB- ),,= E JBH JBK I-B*,B. -B*.+=B..,KB= J+B+.BH J=BH EE I+BK IJB* IHBJ )B* =BH +B)..B= IJB- I,BJ I=BH EEE IJBK I-B, I.B, -B) IJB, ))BJ KBK.=BH,B..=BK EZ( L>O )BK -BJ I,BJ.B) I.BJ H,BH +.B=.*B=,B+.HBH Pieauguma temps ),,) ^%:B I.B, IKBH IKB. JBJ -,B,.,B-.)B* JBK I.B* +BK ),,- ^%:B.B* I-B) I=B= =B= KKBJ *B- *B+ HBH IKBK.,B* ),,= 5"&'$ )BK,B* I)B) -B, +-B).JB..JB..JB, =B,.+Bn[B )B* )B, I=B, =B) J=B= *B, KB+..B* )B*.)B* F%>'B.BH I.B= I=B. =B* )+B*.JBK.+B,.JB..B*.+B+ ^%:B( L>O I,BJ,B- IJB).B* +B=.JBJ.JBH.=BK -B-.+B, A7. Aizdevumi valdībai un ārpus euro zonas esošo valstu rezidentiem (gada pieauguma temps) valdîba nerezidentu bankas nerezidentu nebankas dm9'$?(pubb.o(5/e($%1'9&$w(#q\%49'(p3&9$#$'s43b(f%1'9&3(1v"$#2#1r:#n"$(>"4"'r(#&(p!f(*jb )O(`%&4#$(wC"1"$w(T"NR('"C3VR(V#%'9'$W(V"#(">QX4S'3(5/E(VXDQXY"$(#%$'RD%$W(13&"$("M(%3&9(Q9"$(&%Q#D%'#B -2 S 16

100 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.5. MFI piesaistīto noguldījumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO 3S!9>R ]Q("1'# d&(9'%#1'9('%&4#\3 d&(c&xd#rn34" '%&4#\3(>"&(#Q\%4T"3 Repo D"&XN34#!9>R ]Q("1'# d&(9'%#1'9('%&4#\3 d&(c&xd#rn34" '%&4#\3(>"&(#Q\%4T"3 Repo D"&XN34# _XDQ )(Y"D#%4 EVYR1(>"& )(Y"D#%4 _XDQ -(4S%I T#%4 EVYR1(>"& -(4S%I T#%4 _XDQ )(Y"D#%4 EVYR1(>"& )(Y"D#%4 _XDQ -(4S%I T#%4 EVYR1(>"& -(4S%I T#%4. ) - = J + K H *.,...).-.= d'v#134# ),,) J)-B. JJBH I I I I.KBH =*-B+.J)BK I I I I *KB. ),,- J=)B= JHB* =.BK =),BJ.B-,BH.*B. J+KB+.H-B..-,B+.=-B- +B.,B..,=B= ),,= E JJKB- +=BK =)B) =)+B).B-.B, ))B, JH+B=.*KB,..*BK.=JBK KBH,B...+B. EE J+JB= J*B* =)B. =-*BH.B-.B, ).B) J*JB*.*=B-.))B-.J-BK HB-,B...KB) EEE JK-B+ +.BJ =KB- ==)BJ.B).B, ),B, J*HB,.H*B*.),B).+=B* HB.,B...=BH ),,= l1'b JK*B. JHB+ =*B. ==+B..B-.B- ))BH +),BH.HKB-.--B+.++B* HB=,B..)=BJ G9MB JH=B= +-B) =KBK =J,B,.B-.B- ),BH +-.BH.*KB=.)+B=.KKB, *BK,B..).B- ^%:B JH-B. J*B, J.B= ==*BJ.B).B- ),BH +-JB..H,BK.-HBH.H+B*.,B.,B...HB+ ),,J n"mb( L>O J*JB- ++B* J,BH =J.B).B=.B- )-B+ +J*B. ),HB-.)*B*.HJB...B+,B..)=B) ^"&XN34# ),,) )KB+ KBH I I I I.B= )+B+ I=BK I I I I.)BH ),,-.*B,.B+ I-B..HBH,B-,B=.B. H=BH )KBJ I,BK -HBH -B),B,.+B, ),,= E.=B+ JBK,B- JB+,B,,B) )BH.JB).=B, I.=BK.BJ.B+,B,.)BK EE KB) I=B*,B,.-BK,B, I,B+ I,B*.)B) I.B- -B* HB-,B+,B,,BH EEE HB).B+ JB- )B+ I,B.,B, I.B. )BJ I=B, I)B-..B= I,B),B, I)B= ),,= l1'b JB= I)B*.B* -B-,B,,B- )BH )-BH I)B).-B+ )B),B=,B, *BH G9MB JBJ JB. I.B) -BJ,B.,B, I)B,.)BH.,B* I+BK.,BJ.B-,B, I-B) ^%:B I.B) I=B. -BK I,BJ I,B.,B, I,B. =B- I.JB)..B* *BK,BJ,B, I)B+ ),,J n"mb( L>O..B* KBH I,BK.BK,B),B, )B* ).B* )+BK I*BJ I)B-.BJ,B, JBJ 8#%"3Y34"('%4>$ ),,) ^%:B JB+.+B- I I I I HBJ JBK I-B, I I I I.=B* ),,- ^%:B -B+ )BH I+BK =BK =,B* +,BH +B,.KB=.KBH I,B+ -+BH K,B+ I.KB. ),,= 5"&'$ -B* JB. *B* )B= =,BH J)BH.HB+..B,.KB. I.-B) ))B- =KB+ I.KBH n[b =BH I+B=.)BK +B= =,B, I==B, I+B- HB+ KBH I.,B).HB+ ==BJ I ),BJ F%>'B KB+ +B* =+B= =BH.-B+ IJ)BJ +B*.,BJ KB= I+B) )HB- +-BJ I..BK ),,= l1'b HB-.,B- -)B* JB. -B- -HB- )=B)..B) KBJ.BK )KB, =HB= I KBH G9MB *B= ))BK --B- JB* -BH I-KB* KB)..BH.)BK I=B) )*B- K-B+ I =B* ^%:B KB-.B, )-BJ +BK IHB) I=-B. HB,.)BJ.B. =B- -,B- +KB+ I.=B+ ),,J n"mb( L>O KB) )B*.KBH +BK +B+ -KB. HB-.+B..+BK I.B, -.BH +*B* I.)B, A8. Finanšu starpnieku noguldījumi LY"D"(>#%"3Y34"('%4>$O 3 apdroðinâðanas sabiedrîbas un pensiju fondi citi finanðu starpnieki dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O p"nr(1"'%y9&#nr(#%'#v>$'(#%y3vdxn343(29d#b S 17

101 2.5. MFI piesaistīto noguldījumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34"('%4>$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO O.A)($J,$+HE() "3S!9>R ]Q("1'# d&(9'%#1'9('%&4#\3 d&(c&xd#rn34" '%&4#\3(>"&(#Q\%4T"3 _XDQ )(Y"D#%4 EVYR1(>"& )(Y"D#%4 _XDQ -(4S%I T#%4 EVYR1(>"& -(4S%I T#%4 Repo D"&XN34#!9>R ]Q("1'# d&(9'%#1'9('%&4#\3 d&(c&xd#rn34" '%&4#\3(>"&(#Q\%4T"3 _XDQ ()(Y"D#%4 EVYR1(>"& )(Y"D#%4 _XDQ -(4S%I T#%4 EVYR1(>"& -(4S%I T#%4 Repo D"&XN34#. ) - = J + K H *.,...).-.= d'v#134# ),,) **,B, J*JB+ I I I I -=BK -(H,+B-.(.K-B, I I I I K=BK ),,-.(,J,B) +--B- )H,B) +KB+ -HB..B, -,B, -(*KHBJ.(-..BH J==B, +,,BH.(-K*B) H*B* J)B* ),,= E.(,-+BK +)=B) )KJB* +*B* -*B*.B, )JBH -(**KB*.(-),BK J)KB= +,HB+.(=,.B) HHB) J.B* EE.(,J=B, +J,B+ )+JB+ K,B- =.B,.B, )JBJ =(,JJBJ.(-+KBJ J.KB, +.)B=.(=))B- HJBH J,B= EEE.(,+KB. +JKB+ )+*BK K,B+ =)B+.B. )JB+ =(,+,BH.(-+-B) J..B= +.JB,.(=-.B* HJBJ J-BK ),,= l1'b.(,k.bk +=HB+ )H-B* +*B+ =)BJ.B. )JB* =(,KHBJ.(-K+B* J,*B. +.KB+.(=-=B= H+B, J=B= G9MB.(,KKBH ++,BJ )K*BK +*BK =.B).B. )JBJ =(,H*BH.(-H.B, J,*B. +.HBK.(=-*BH H+BH J=B= ^%:B.(..JB+ +K=B. )*JB, K)B, =-BK.B. )*BH =(.+,B,.(=,)BK J.=B- +-)B*.(=++BJ HHB, JJB+ ),,J n"mb( L>O.(,H,B. +JKB- )K*B, K=BH =-B,.B. )=B* =(.+KB,.(=,,BK J.=BK +-=B-.(=KKB= HKBH J)B) ^"&XN34# ),,) J=B- )HB* I I I I I.B-.),BJ +JB- I I I I I.B* ),,- K,BJ =,B* J-BJ I)*BH.,B),B, I=B).=.BH *JB) IK.B) -JB*..KB= I.-BK I).BH ),,= E I.=BJ I*BJ IJB- )B+.B*,B, I=B).HB, HBJ I.KB= KBK ).B* I.BK I.B, EE ).B. )KBH IHB*,B*.B.,B+ I,B- J-BJ =-BH I..B, -B- ).B. I)B= I.BJ EEE.JBJ KB* JB=,B=.B+,B,,B) +B, I-BK IJB- )B= *B+ I,B- -B- ),,= l1'b +B, IHB-.=BK I,BK,B,,B,,B-.HB=.-B* I.BH )BK )BJ,BJ,BK G9MB.,BH.-B. I-B),B..B),B, I,B= *B* =B=,BK.B. -B,,BH,B, ^%:B -HBJ.=B-.JB*.B+ )BJ,B, =B) K.B) ))B* JB=.-BK )+BK.B).B- ),,J n"mb( L>O I-HB, I.KB* I.KB. )BJ I,BK,B, I=BH JB+ I)B= I,B=.B=.,BH I,B) I-BJ Pieauguma temps ),,) ^%:B JBK JB. I I I I I-BJ -B- +B, I I I I I)BJ ),,- ^%:B KB) +BK )-B. I-,BK =.BJ I-BJ I.)B= -BK KB* I..BJ +B= *B- I.-B) I)*B) ),,= 5"&'$ HBH..B* -B..-B) )-B. I-B* I.*B. -BJ KBK IHBK -BK KB= I.,BJ I)+BJ n[b +B).,B. I-BJ.=BH.KB. J)B) I.-BJ -B* KB+ IHB, =BJ KB, IKBK I.HB+ F%>'B JBK *BH I)BK KB..HBH +=BK I.+B, =B, KB. IKBK =BH +B= I-BJ I=BJ ),,= l1'b JB+ HBK I,B) KB=.KB- ).B- I.KB+ =B= KB* IKB= JB. +B- I-B, I)B* G9MB JB. HB. I.B- =BK.HB. K-BH I.)BH =B, +B- I+BK JB- +B) I)B= I)B. ^%:B KB= KB) +BK KB- ).BH K)B) I,BH =B= +BH IJB= JB) +B) I)B. JB) ),,J n"mb( L>O KB* HB- +B,.,B,.+BH.KB, I.BK =B) +B= I=BJ =BK JB* I.B) I-BJ A9. Nefinanšu sabiedrību un mājsaimniecību noguldījumi (gada pieauguma temps) 12 nefinanðu sabiedrîbas mâjsaimniecîbas dm9'$?(pubb.o(5/e($%1'9&$w(#q\%49'(p3&9$#$'s43b(f%1'9&3(1v"$#2#1r:#n"$(>"4"'r(#&(p!f(*jb )O(`B$1B(4RN$"#4#%:XC"$(">1"V>9N9TR$(C%Q>%g\"$(9&Y"#QR:#N"$B S 18

102 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.5. MFI piesaistīto noguldījumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO U%'&RVR M"VDXC" T(/7E( 8"M"V$'$ M"VDXC" 8R&SNR(M"VDXC"!9>R b"1"$ ()O G%C"1"$ Z#%'SNR (M"VDXC" F9:#RVR$ 9D&9T#RT""$ 29D#!9>R Z"VDXC" U#'"$. ) - = J + K H *., d'v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n[b )B= KB* IKB+ I,B. I=B=.,B..JB, I.B, KB* I)B= F%>'B *BJ.-B) JB. -B-..B=.,BK.JB-,B=.)BJ I.BJ ^%:B( L>O JB- =B+ JBK =B, *B-.,B*.-B= JB, KB+ =B+ A1. Valdības un ārpus euro zonas esošo valstu rezidentu noguldījumi (gada pieauguma temps) 25 valdîba nerezidenti bankas nerezidenti nebankas dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O `%&4#$(wC"1"$w(T"NR('"C3VR(V#%'9'$W(">QX4SN9'(5/E(VXDQXY"$(#%$'RD%$W(13&"$("M(%3&9(Q9"$(&%Q#D%'#B S 19

103 2.6. MFI vērtspapīru turējumu dalījums 1) L4VN&DB(%3&9(3(Y"D"(>#%"3Y34"('%4>$r("'V#134#(3(>#%"3Y34"('%4>$(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO `+(1H$A:"CG%-)'('E%$ 61H$A()":,"H$-$"1('$-./("CG%-)'('E%$!9>R 5/E Z"VDXC" U#'#(%3&9(Q9"$(&%Q#D%'# s&>3$(%3&9 Q9"$(%$9T9 P3&9 8R&SNR$ M"V['R$ P3&9 8R&SNR$ M"V['R$ P3&9 8R&SNR$ M"V['R$ M"V$'3 &%Q#D%'#!9>R 5/E G%I5/E s&>3$(%3&9 Q9"$(%$9T9 M"V$'3 &%Q#D%'#. ) - = J + K H *.,...) Atlikumi ),,) -())HB).(.))B) =HB).(..*BJ.JBJ -=*BJ.+BK JJ+B+.(,,=B* )+-B- J+=B-.KKB- ),,- -(JK+B-.().+B) JKB=.())KB..JB+ =,*B..HB+ +-)B-.(,+HBK )K*BK +.JB=.K-BK ),,= E -(K+KB+.()H,B* +,B*.()H-BH.KBH =.+B).HB, +*,B,.(..JBH )HJBK +=,BK.H*BJ EE -(HJ=BK.()*+BK +)BH.(-)*BJ.KB+ =)*B,.HB. K,.B).(.J=BH )*=BK +J=B, ),+B, EEE -(*.)B+.(-)-B, +)B*.(--,B,.JB* =-,B,.KBJ K--B=.(.)KB) )H+B+ +-=B, ),+B+ ),,= l1'b -(*=.B,.(-==B) +)B).(-)-B, ),B- =-)BH.KB+ K=,B*.(.-=BH )HKB= +-KB+ ),*BH G9MB -(*K,B..(-J-B+ +.B-.(-)KB+.HB= =-HB*.KB) KJ-B,.(.K+B) )*=B) +J,BJ )-.BJ ^%:B -(*-JB).(-+=BH J*BJ.()H,B,.JBH ==*B,.+B- K=*BH.(.+,BK )H*B- +JKBK ).-BH ),,J n"mb( L>O =(,)*BK.(-+-B. +JB).(-.KB+.HB* =J)B).+B- K*+B-.(.*-B- )*-B- ++*B= )-,B+ ^"&XN34# ),,).+KB, =KB) I,BJ -HB+ I,BH )JB* -B) J-B= =)BK.=B, KB, ).BH ),,- -)=BK *,B* =B. KHB*,BH J)B-.BK *JB*.+B. KB).*BJ I.,BJ ),,= E.J+BK +.B-.B- =JB..B= =BH I.B. =-B* ==BK +B. )=B+.=B, EE H*B=.JB).BK ==B),B,.-B*,B..=B- )+B. +B- HB-..BJ EEE +KBK -,BH.BJ I.B, I.B) I.B* I,B) -*BH I)+B- IKB* I.*BK.B= ),,= l1'b -JBK ),B*,B) IKB= =BK )BK,B-.=B- JB+,B= )BH )BJ G9MB =.B+ *B.,B= =B- I.B= JBK,B) )-B) -HBK JBH.)B. ),BH ^%:B I)JB-..B= I,B+ I=HB- I)B).,BH I,BJ =B) I.KBH IJB= JBH I.HB) ),,J n"mb( L>O K*B+.B+ -B* -+BJ )BJ -B+ I,B+ -)B. -.B= -BJ.)B=.JBJ Pieauguma temps ),,) ^%:B JB= =B= I.BH -BK I=B- HB. ).B*.,B. =B= JBJ.B-.-B+ ),,- ^%:B *B* HB. HBK +B* JB,.=BH HB).KB).B+ )BK -BJ IJBK ),,= 5"&'$.,B- *B+ JB- KB) JB..,BH -BH.HBH JBH +B- KBJ I,B) n[b.,b. *BJ +B+ HBJ *BK.,B).BJ.JB- +BJ +B= JB-..B. F%>'B.,B-.,BK.)BJ +B. I,B= HB. I=B).*B+ =B) )BK -B) *BH ),,= l1'b *B*..B=..B. =B. --B) +BK I)BK ),B) JB, )B) =B=..B. G9MB *B*..BJ *B* -BJ ).BJ +BH I-B) ).BK KB* =B+ =BH )-B= ^%:B.,B).)B) KB+ -B, HB, HBK IKB, ).B* +B+.B* JBJ.HB) ),,J n"mb( L>O.,B=..B..,B) =BK )=B, *B+ I-B* ),BH KBH.BK +B- ))B+ A11. MFI vērtspapīru turējumi (gada pieauguma temps) neakciju vçrtspapîri akcijas un pârçjie kapitâla vçrtspapîri dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB S 2

104 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.7. Atsevišķu MFI bilances posteņu pārvērtēšana 1) (mljrd. euro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l1'b I,B) I,B. I,B. I,B. I,B),B,,B, I,B) I,B= I,B.,B, I,B- G9MB I,B),B, I,B. I,B. I,B.,B,,B, I,B. I,B= I,B.,B, I,B- ^%:B I,B+ I,B- I,B. I,B) I,BH I,B.,B, I,BK I.BJ I,B+ I,B. I,BH ),,J n"mb( L>O I,B+ I,B- I,B. I,B) I,B+ I,B.,B, I,BJ I.B) I,BJ I,B. I,BK 3K `+F$,(,@:")($+7%E.J":,".%':)"+:%&"D&,()"+)&@&"C(/)-:"%+D$7+,-$+J"$D),$+I-&"($D7+C:J:"'$/,EI(m7(BGA(",&%(1)-E@(,( `+F$,(,@:")($+7%E() o%':)"+:%&"d&,()"+)&@&"c(/)-:"%+d$7+,-$!9>r _XDQ(.(Y"D"4 G9(.(Y"D" (VXDQ(J(Y"D#%4 EVYR1 (>"&(J(Y"D#%4!9>R _XDQ(.(Y"D"4 EVYR1 (>"&(.(Y"D3. ) - = J + K ),,) I*BK I)B. I)BK I=B* IKB) I I ),,- I.KBK IHBH I.B- IKB+ I.B. I,B- I,BK ),,= E I+B) I-B- I,B+ I)B- I.B, I,B= I,B+ EE I)B* I)B,,B) I.B. I,B.,B, I,B. EEE I.BK I,B* I,B) I,BK I,B. I,B. I,B. ),,= l1'b I,B+ I,B-,B, I,B-,B,,B,,B, G9MB I,BH I,B= I,B. I,B- I,B),B, I,B) ^%:B I-BH I.B* I,B) I.BK I,B),B, I,B) ),,J n"mb( L>O I)B* I.B- I,B- I.B) I,B.,B, I,B. MK"O<;"-:%G-&"CG%-)'('E%:"'.%CG%-G@(,( `+(1H$A:"CG%-)'('E%$!9>R 5/E Z"VDXC" U#'#(%3&9(Q9"$(&%Q#D%'# s&>3$(%3&9 Q9"$(%$9T9 P3&9 8R&SNR$ M"V['R$ P3&9 dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O `B$1B(4RN$"#4#%:XC"$(">1"V>9N9TR4(C%Q>%g\"$(9&Y"#QR:#NR4B 8R&SNR$ M"V['R$ M"V$'3 &%Q#D%'# 61H$A()":,"H$-$"1('$-./("CG%-)'('E%$!9>R 5/E G%I5/E s&>3$(%3&9 Q9"$(%$9T9 M"V$'3 &%Q#D%'#. ) - = J + K H *.,...) ),,) -*B+ *B*,B+.-B) I,B. JBH,B) *B* I.)B- IJB, I.BJ IJBH ),,- I.B) I,B* I,B- -B,,B, I.B) I,B. I.BH.*B= HB, JB, +B= ),,= E.+B+ )BJ,B-..B.,B..BJ,B,.B, )B- I,B-.B,.BK EE IHBJ I,BH,B, IJB, I,B. I,BH,B, I)B,,B. I,BK,B.,BK EEE )B) I,B+ I,B..BJ,B,,BK,B,,B+ I.BJ I,B. I,BJ I,B* ),,= l1'b,bj,b.,b,,b= I,B.,B.,B,,B, )B),BK,BH,BK G9MB,BK,BJ I,B.,BJ I,B.,B= I,B. I,BJ )BK.B,,BH,B* ^%:B,B-,B, I,B..B= I,B. I.B),B,,B- )B=,B+.B=,BJ ),,J n"mb( L>O )BJ,B-,B..B.,B. I,B),B..B. )B*,B+.B,.B- P3&9 8R&SNR$ M"V['R$ S 21

105 2.8. Atsevišķu MFI bilances posteņu valūtu dalījums 1) Lo(9(19>SNRr("'V#134#(4VN&DB(%3&9r(>%&#9D"(C%#YR$O RK"`&I:/7EA:J$ O<; "3S `+_O<; d'v#134$ LM#$"$ M"V['"$O P3&9 (-O 8R&SNR$(M"V['"$ d'v#134$ LM#$"$ P3&9 (-O 8R&SNR$(M"V['"$!9>R M"V['"$O!9>R ]F^ n8k Um/ 6b8 ]F^ n8k Um/ 6b8. ) - = J + K H *.,...).-.= P3&9(Q9"$(&%Q#D%'3(9Y3VDXN34# I II III IV (p) s&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'3(9y3vdxn34# I II III IV (p) K"#:%&"D&,()"O<;"+J$-G-$+"'(%.7("CG%-)'('E%$ 6-/$1:J) WC$)()"C(/a-()S #:%& "MS!9>R 8.%GA.)"C(/a-() ]F^ n8k Um/ 6b8. ) - = J + K I II III IV (p) dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O s&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'#%4('%&4#$(w5/ew("''#%:"$(3q(%3&9(q9"$(5/e(vxdqxyr4(#%$'rds4b -O `B$1B(":#9RV9(M"V['3(>9$'%\#W(1"$(#Q'%#1'#(%3&9B S 22

106 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.8. Atsevišķu MFI bilances posteņu valūtu dalījums 1) LX>"'$M"&$r(or("'V#134#(4VN&DB(%3&9r(>%&#9D"(C%#YR$O MK"6$D7+C:J$ O<; "3S `+_O<; d'v#134$ LM#$"$ M"V['"$O P3&9 (-O 8R&SNR$(M"V['"$ d'v#134$ LM#$"$!9>R M"V['"$O P3&9 (-O!9>R 8R&SNR$(M"V['"$ ]F^ n8k Um/ 6b8 ]F^ n8k Um/ 6b8. ) - = J + K H *.,...).-.= P3&9(Q9"$(&%Q#D%'#%4 ),,) =(,.KBH I I I I I I K(J*-B+ *+B) -BH.BH,BJ.B.,B- ),,- =(.*-BH I I I I I I K(*),B* *+BJ -BJ.B+,B-.B),B- ),,= E =())=B+ I I I I I I K(**-B= *+B= -B+.B+,B-.B),B= EE =()*+B) I I I I I I H(.-HB. *+B= -B+.B+,B).B-,B= EEE =(-J+B= I I I I I I H().-BJ *+BJ -BJ.BJ,B).B-,B= EZ( L>O =(=+,B= I I I I I I H(-+=BJ *+B+ -B=.B=,B).B-,B= s&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'#%4 ),,).(.=+B) =HB- J.BK -)B= =BJ )B+ *B. JH-B* -+B) +-BH =KB+ )B- =BK JB+ ),,-.(.H)B) J,B) =*BH )*B- =BK )BJ *B) JH,B+ -HBK +.B- =-B* )B= =B+ KB, ),,= E.(-,HB+ =*B. J,B* -,B= =BK )BK *B= +=+B* =,B, +,B, =.B* )BJ =B= HB, EE.(-))BK =*B) J,BH -,B* =BK )B= *B) +=)B+ -HB+ +.B= =)B+ )B= =B= HBH EEE.(-.KB- J.B) =HBH -,B, -BK )B) *B, +=HB+ =,B) J*BH =)B) )BJ =B= KB= EZ( L>O.(--+B+ J.B- =HBK -,B. -B+ )B) HB+ +=.BH =)B) JKBH =,BJ )BJ =B- KB, NK"`+(1H$A:"CG%-)'('E%:"-:%GA:J$ O<;"+J$-G-$+"CG%-)'('E%$ ""3S `+_O<;"+J$-G-$+"CG%-)'('E%$ d'v#134$ LM#$"$ M"V['"$O P3&9 (-O 8R&SNR$(M"V['"$ d'v#134$ LM#$"$!9>R M"V['"$O P3&9 (-O!9>R 8R&SNR$(M"V['"$. ) - = J + K H *.,...).-.= P3&9(Q9"$(&%Q#D%'3(%4#'S'#% ),,).(.K,B= *JB* =B..BK,B=,B),B*.(J,.B) *KB* )B..B,,BK,B.,B= ),,-.()K-B+ *JBJ =BJ.BK,B-,B*.B-.(+K,B- *HB, )B,.B,,BJ,B-,B) ),,= E.(-=.BH *JBJ =BJ.B+,B-,B*.B=.(K-JBH *KB* )B..B,,BJ,B),B) EE.(-J*B= *JB= =B+ )B),B=,B=.B=.(K*=B. *HB, )B,.B.,BJ,B.,B) EEE.(-HJB* *JBJ =BJ )B.,B-,BJ.B-.(K*-B- *HB..B*.B,,BJ,B.,B) EZ( L>O.(=)=B- *JBH =B).BH,B-,BJ.B-.(K+.B. *HB).BH,B*,B=,B.,Bs&>3$(%3&9(Q9"$(%$9T9(M"V$'3(&%Q#D%'3(%4#'S'#% dm9'$?(pubb.o 5/E($%1'9&$W(#Q\%49'(P3&9$#$'S43B(F%1'9&3(1V"$#2#1R:#N"$(>"4"'R(#&(P!F(*JB )O s&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'#%4('%&4#$(w5/ew("''#%:"$(3q(%3&9(q9"$(5/e(vxdqxyr4(#%$'rds4b -O `B$1B(":#9RV9(M"V['3(>9$'%\#W(1"$(#Q'%#1'#(%3&9B ]F^ n8k Um/ 6b8 ]F^ n8k Um/ 6b8 ),,) )-*B+ -+B* +-B. =JBJ.BK,B+.-B) -.KB. =.BJ JHBJ =)B, JBH,B* JB+ ),,- )K+B* =JB. J=B* -,B+.B) =B*.JB= -JJBJ =JBH J=B) -.B. JBH JBH +B= ),,= E -,*B) ==BK JJB- )*B+.B) JB,.+B+ -H,BH ==B= JJB+ -.B. +B. JB= KB. EE -.)BK =+B- J-BK -)BH.B.,B+.+BH -HHB= =JB) J=BH --B+ +BK.B, KB= EEE -))B- =KBK J)B- -)B).B,,BJ.+B) =..B. ==B) JJBH -)B- KB+,BH HB= EZ( L>O -==B. =*B* J,B. )HB*.B,,B+.KB. =,JBK ==B* JJB. -,BJ HB.,BH *B- S 23

107 2.9. Euro zonas ieguldījumu fondu kopsavilkuma bilance 1) L4VN&DB(%3&9r("'V#134#(>%&#9D"(C%#YR$O RK"61-EC$?&'. `&I:/7EA:J$ `+(1H$A:"CG%-)'('E%:"-:%GA:J$ 61H$A:mH$-: 1('$-./( ;+I:/7EA:J: F&,7:"(1H$A: 8(J(-/E7D+1B$ *$-$"(1-EC$!9>R _XDQ(.(Y"D"4 EVYR1(>"&(.(Y"D3 CG%-)'('E%: -:%GA:J$ -:%GA:J$. ) - = J + K H * 23 II III IV I II III (p) K"8()EC$?&'. =(>+J-$+",&I:/7EA:J$":, ;+I:/7EA:J:"F&,7:"(1H$A() *$-()")($)-E() ($D7+C:J$. ) - = 23 II III IV I II III (p) MK"?&'GA$+"(1-EC$m'()EC$"$+I:/7EA:J:"'&/$-$1:":,"$,C+)-&%:"C+$7:"7(/EA:J.?&'. <&,7$"$+I:/7EA:J:"'&/$-$1:"7(/EA:J. <&,7$"$,C+)-&%:"C+$7:"7(/EA:J.!">#'RV" MS&'$>">X&3(29D# lcv#yr:#n3(29d# n"31'#%(29d# G%13$'"4R X>"T34"(29D# U#'#(29D# Z#$>R&SN#% >3CV#$1#%(29D# j>"t#%(#m%$'9&3 29D#. ) - = J + K H 23 II III IV I II III (p) A12. Kopējie ieguldījumu fondu aktīvi L4VN&DB(%3&9O kapitâla vçrtspapîru fondi obligâciju fondi jauktie fondi nekustamâ îpaðuma fondi IV I II III IV I II III IV I II III IV I II III IV I II III dm9'$?(pubb.o EQ\%49'("3D"$('#&Y3$(29D3$B(^"'#("''#%:"$(3Q(M#$R4(%3&9(Q9"$(M"V$'X4W(#Q\%49'(j&#N3B(FX1R13(#29&4R:#N3($1B(M#$>R&SNR$(>#%QX4S$B S 24

108 EURO ZONAS STATISTIKA Nauda, banku darbība un ieguldījumu fondi 2.1. Euro zonas ieguldījumu fondu aktīvi ieguldījumu politiku un ieguldītāju veidu dalījumā L4VN&DB(%3&9r("'V#134#(>%&#9D"(C%#YR$O RK"<&,7$"$+I:/7EA:J:"'&/$-$1:"7(/EA:J. 3K"<&,7$"$+I:/7E-.A:"C+$7:"7(/EA:J. dm9'$?(pubb?&'. `&I:/7EA:J$ `+(1H$A:"CG%-)'('E%:"-:%GA:J$ 61H$A:mH$-: 1('$-./(!9>R _XDQ(.(Y"D"4 EVYR1(>"&.(Y"D3 CG%-)'('E%: -:%GA:J$ ;+I:/7EA:J: F&,7:"(1H$A: -:%GA:J$ 8(J(-/E7D+1B$ *$-$"(1-EC$. ) - = J + K H *!">#'RV"(MS&'$>">X&3(29D# ),,- EE +,-B- )KB* -.B+ )B* )HBK J,+BJ.HBJ I.HBH EEE +-JB= )*BJ )KBH )B= )JB= J-+B=.*BJ I ))B. EZ +*KBH )*B- -.B- )B* )HB= J*-B+ ).B. I ))BJ ),,= E KJ,BJ -)BH -)B) -B, )*B) +-JBK )-B= I )+BJ EE KJ+BJ -.BJ -.B+ -B) )HB- +=)BH )JB- I )JB- EEE (L>O K-)B- -.BJ -)BH -BJ )*B- +.HBK )=B= I )JB, ),,- EE.(,**B+ H)B= *)KB* lcv#yr:#n3(29d# --B, H*=B* -.B. ),B* I -KB- EEE.(.)KB, *-B+ *-=BK -,BK *,=B. )*B. ).BK I =KB* EZ.(,H+B+ H)BJ *,JB* -.B+ HK=B- -.B, ).B+ I =JBJ ),,= E.(..+B+ *KB- *.HB= -JB- HH-B. -)B* ).B= I =+B+ EE.(,*=B= K*B. *.,B, -+B- HK-BK --B, ).BH I J,BJ EEE( L>O.(..KB) H,BJ *-,B* -HB+ H*)B- -.B* )-B= I J,B= ),,- EE K),BH =*B= -..B* n"31'#%(29d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`&I:/7EA:J$ `+(1H$A: CG%-)'('E%: -:%GA:J$ 61H$A:mH$-: "1('$-./( CG%-)'('E%: -:%GA:J$ ;+I:/7EA:J:"F&,7: (1H$A:"-:%GA:J$ 8(J(-/E7D+1B$ *$-$"(1-EC$. ) - = J + K Z#$>R&SN#%(>3CV#$1#%(29D# ),,- EE )(.=,BJ.H.B+ *.)B= +*.BK.+HB-.,=B) H)B) EEE )()=*B..**B, *)KBK K-+BJ.K+B+.,HB*.,,B= EZ )(-.HB=.*.BK *.-B+ H.JBH.H-BH..JBJ *HB, ),,= E )(=K,B= ).*B- *=HBH HKHB).*HBH..KBJ.,KBH EE )(=K*B. ),)B, *=JB* H*,B- ).,B*..*B*..,B. EEE( L>O )(=H=B+ ),JBJ *K)B+ H++B, ).)B-.)-B..,JB) j>"t#%(#m%$'9&3(29d# ),,- EE H.*B, J.B, =K,B-.H*B) J+B..+BJ -+B, EEE H-+BJ =*B- =KKB+.*JBH JHB,.KB= -HB= EZ HJ+B+ =-B= =KJBH ).KB* +,B..HB- =.B) ),,= E HH-B) =KB) =HJB. ))=B+ +-BH.*B. =-B- EE HHKB, =)BK =H-B+ ))+B* ++B).*BH =KBH EEE( L>O *,,B+ =,B* =**B, ))=B+ +HB) ),B= =KBJ S 25

109 FINANŠU UN NEFINANŠU KONTI Nefinanšu sektoru galvenie finanšu aktīvi L4VN&DB(%3&9(3(>#%"3Y34"('%4>$(Y"DRr("'V#134#(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO?&'. `(:7(":,",&I:/7EA:J$ 8('$/7_ '&)-+,$)[!9>R G"3D" G%2#"T3($%1'9&3(9Y3VDXN34#(%3&9(Q9"$(5/EW(#Q\%49'(:%'&RVR$(M"VDXC"$ 9Y3VDXN343$ U%'&RVR$ M"VDXC"$ 9Y3VDXN34# G9Y3VDXN34# %I5/E(.O,+(,1:,&I:/7EA:J$.%':)"+:%&!9>R ]Q("1'# d&(9'%#1'3 '%&4#\3 d& C&XD#RN34" '%&4#\3(>"& #Q\%4T"3 Repo D"&XN34# %3&9(Q9"$ 5/E C(/)-: (,1.). ) - = J + K H *.,.. Atlikumi 23 II III IV I II III ^"&XN34# 23 II III IV I II III Pieauguma temps 23 II III IV I II III `+(1H$A:"CG%-)'('E%$ 61H$A() "3S 6'7%&@$,.@(,()"-+b,$)1.)"%+D+%C+)!9>R j$'%&4#\" EVY'%&4#\"!9>R!9'S'R$("1:#N"$!9>#%Y3VDXN343 29D3("1:#N"$ G"3D"$('#&Y3$ 29D3("1:#N"$!9>R 5RN$"#4#%:XC3 %'9(1">#'RV$ DQXMXC"$ ">D&9T#RT""$ &%Q%&MS$(3 >%$#N3(29D3 &%Q%&MS$ d>d&9t#rt""$ >&S4#N3("M"$" 4"1$RN34#(3 &%Q%&M%$ %91R&'9'"NR4 "'VXDQXC"$ >&"$XCR4.).-.=.J.+.K.H.* ), ). 23 II Atlikumi III IV I II III ^"&XN34# 23 II III IV I II III Pieauguma temps 23 II III IV I II III dm9'$?(pubb.o E%'#V>$'(%3&9(Q9"$(M"V$'3(:%'&RV"NR$(M"VDXCR$(LP!F(*J(q(FB.-..OW(:#'9$(2#"T3($'"&>#%19$(LP!F(*J(q(FB.)-O(3(">D&9T#RT""$($"C#%D&XCR$(3(>%$#N3(29D9$(LP!F(*J(q(FB.)JO M%#1'#%(9Y3VDXN34#B )O EQ\%49'(%19'S'R$("1:#N"$B S 26

110 EURO ZONAS STATISTIKA Finanšu un nefinanšu konti 3.2. Nefinanšu sektoru galvenās saistības L4VN&DB(%3&9(3(>#%"3Y34"('%4>$(Y"DRr("'V#134#(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO?&'. 8('$/7_ '&)-+,$)[!9>R Z"VDXC"# G%2#"T3($"C#%D&XCR4 5RN$"#4#%:XCR4 ((.O.%':)"+:%& D&,() P3&9(Q9"$!9>R j$'%&4#\" EVY'%&4#\"!9>R j$'%&4#\" EVY'%&4#\"!9>R j$'%&4#\" EVY'%&4#\" 5/E C(/)-: "#QD%M34# (,1: ($D7+C:J$,+(,1.J. ) - = J + K H *.,...).- d'v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`+(1H$A:"CG%-)'('E%$ Z"VDXC"$(%4#'S'#% G%2#"T3($"C#%D&XC3(%4#'S'#% `+F$,(,@: )($+7%E: +J$-G-.) 1&-G-.) *+,-%./.) C(/7E(),&I:/7EA:J: )($)-E() `+F$,(,@: )($+7%E: '+,)$A:"F&,7( %+D+%C+)!9>R j$'%&4#\" EVY'%&4#\"!9>R j$'%&4#\" EVY'%&4#\" (1H$A().=.J.+.K.H.* ), ). )) )- d'v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dm9'$?(pubb.o `B$1B(4RN$"#4#%:XC"$(">1"V>9N9TR4(C%Q>%g\"$(9&Y"#QR:#NR4B S 27

111 3.3. Apdrošināšanas sabiedrību un pensiju fondu galvenie finanšu aktīvi un saistības L4VN&DB(%3&9(3(>#%"3Y34"('%4>$(Y"DRr("'V#134#(>%&#9D"(C%#YR$W(D"&XN34#(>%&#9DRO G9Y3VDXN34#(%3&9(Q9"$(5/E d#qd%m34# G%"1:#N3(MS&'$>">X&#!9>R ]Q("1'# d&(9'%#1'3 '%&4#\3 d& C&XD#RN34" '%&4#\3(>"& #Q\%4T"3 Repo D"&XN34#!9>R j$'%&4#\" EVY'%&4#\"!9>R j$'%&4#\" EVY'%&4#\". ) - = J + K H *.,...) Atlikumi 23 II III IV I II III ^"&XN34# 23 II III IV I II III Pieauguma temps 23 II III IV I II III L(/C+,$+"F$,(,@:"(1-EC$ L(/C+,.)")($)-E()!9>R dm9'$?(pubb.o EQ\%49'(%19'S'R$("1:#N"$B d1:#n"$ (.O!9'S'R$ "1:#N"$!9>I #%Y3VDXN343 29D3 "1:#N"$ G"3D"$ '#&Y3$(29D3 "1:#N"$ d>d&9t#i RT""$ >&S4#N3 "M"$" 4"1$RN34# 3(&%Q%&M%$ %91R&'9I '"NR4 "'VXDQXC"$ >&"$XCR4!9>R P3&9(Q9"$(5/E(3(:#'3 2#"T3($"C#%D&XC3 "#QD%M34#!9>R P3&9(Q9"$ 5/E "#QD%M34# G%"1:#N3 MS&'$>">X&#!9'S'R$ "1:#N"$ d>d&9t#rt""$('%;#$1r$(&%q%&m%$!9>r 5RN$"#4I #%:XC3(%'9 1">#'RV$ DQXMXC"$ ">D&9T#RI T""$ &%Q%&MS$(3 >%$#N3 29D3 &%Q%&MS$ d>d&9t#i RT""$ >&S4#N3 "M"$" 4"1$RN34# 3(&%Q%&M%$ %91R&'9I '"NR4 "'VXDQXC"$ >&"$XCR4.-.=.J.+.K.H.* ), ). )) )- )= )J 23 II Atlikumi III IV I II III ^"&XN34# 23 II III IV I II III Pieauguma temps 23 II III IV I II III S 28

112 EURO ZONAS STATISTIKA Finanšu un nefinanšu konti 3.4. Gada ietaupījumi, ieguldījumi un finansējums L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#O RK"T$)$"+:%&"D&,()")+1-&%$ >"4"'I 1">#'RV" M%#D9T"" 8"4"'I 1">#'RV" >"'S&#\T(LIO!&RN343 >R&4"#\"$ (.O G%&"a9'#% "1'XM#!9>R 59%'R&"#$ Q%V'$(3 F^e G"3D"(3 9Y3VDXN34# G%"1:#N3 MS&'$I >">X&# ()O d#qd%m34# d1:#n"$ 3(:#'# 1">#'RV" MS&'$>">X&# d>d&9t#ri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`+-&":D>+J-.)")($)-E()!9>R b&3'9 8"4"'1">#'RV" G%'9(1">#'RV"!9>R G"3D"(3 G%"1:#N3 d>d&9t#rt""$ #%'"3>XN34# >"'S&#\T(LIO >R&M%D34# L$"\%4"4#%O 9Y3VDXN34# MS&'$>">X&# ()O d#qd%m34# d1:#n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`+F$,(,@:")($+7%E() `+F$,(,@:"(1-EC:",+-&"$+I.7+) <$,(,@:"(1-EC:",+-&"$+I.7+) `+-&"CG%-E() `+-&":D>+J-.)")($)-E() '.%J($>() "NS!9>R!9>R!9>R!9>R!9>SNR 8"4"'I >"4"'I 1">#'RV" 1">#'RV" >"'S&#\T(LIO M%#D9T"" G"3D" 3 9Y3VDXN34# G%"1:#N3 MS&'$I >">X&# ()O d#qd%m34# d1:#n"$ 3(:#'# 1">#'RV" MS&'$>">X&# b&3'9 #%'"3>XN34# G%"1:#N3 MS&'$I >">X&# ()O d#qd%m34# d1:#n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`+F$,(,@:"(1-EC:",+-&"$+I.7+) <$,(,@:"(1-EC:",+-&"$+I.7+) `+-&"CG%-E() '.%J($>() "NS `+-&":D>+J-.) )($)-E() 8('$/7'&)-+,$)!9>R!9>R!9>R!9>R EQ4"I G"3D"(3 9Y3VDXN34# b&3'9 #%'"3>XN34# d#qd%m34# '9N"4#% #%R134#!9>SNR >"4"'I 1">#'RV" 8"4"'I 1">#'RV" >"'S&#\T(LIO G%"1:#N3 MS&'$I >">X&# ()O d1:#n"$(3 :#'#(1">#'RV" MS&'$>">X&# d>d&9t#i RT""$ '%;#$1R$ b&3'9 #%'"3>XN343 V#14% (+O M%#D9T"" &%Q%&M%$. ) - = J + K H *.,...).-.=.**K.+=B* -K+B, I)..BJ =)*B= +*B- I),BH.*)BJ ).KB+ =)=B+ +.JB+.+*BK.+HB- -(H.HB-.+B..**H.K+BH -HHB, I).+B) ==+B- *)B* I..*B, )HKB= ),*B- =,HB= J*-BJ ).=B+ ).-B- -(*)=BK.JB..***.HHB. =.KB+ I)-.BJ =KJB,.))B+ I)HBJ.*JBH )=JB) -*=BK JH,B, )+HB= )++B* =(,H+B,.=B) ),,,.*KB* =-HB. I)=.B+ =-=BH ++B) -JB-.))B+ )=JB* =,+B) +,KBK ))+B= ))=BK =()*,B+.=B) ),,..H=BJ ==JBK I)J*B, =.JB+.H,BK H)BK =JB= ))*B. =)-B* +=*BK.K+B).K=B- =(JK+B=.=B) ),,).+.B. =J=B) I)K*B= =H-B) )),B+ H-B. I.B, )..B- =-.B) +K)B- ).-B) )..B. =(K.)BH.=B- ),,-.++B. =+)B) I)*.B. J-,BJ ))=B).+B+ H-B+ ))*BH =-+B= +*-BH )+,B) )JKB* =(HJ-B+.=B- dm9'$?(pubb.o `B$1B(%'9(MS&'$V#%'3(#%YRD%$B )O EQ\%49'("'M"$#R'9$(2#"T3(#$'&34%'3$B -O d'm"$#r'#%(2#"t3(#$'&34%'#w(:#'#(d%c#'9&3@1&%d#'9&3(>"&rd#(3($'"'#$'#$1r(9m#&q%b =O 8R&4"#\"$W(19(&"DXN3T#(#%'"3>XN34#(3(%'9(1">#'RV"(>R&M%D34#(L$"\%4"4#%OW(9(13&#%4("'$1"#'X'$(>"4"'1">#'RV"(>"'S&#\T(LIOB JO `B$1B(4RN$"#4#%:XC"$(">1"V>9N9TR$(C%Q>%g\"$(9&Y"#QR:#N"$B +O b&3'9(#%'"3>xn34#(>&9:%'9$(>&%'(#q4"'9n"4#%4(#%r134#%4b S 29

113 4 FINANŠU TIRGI 4.1. Neakciju vērtspapīru emisijas to sākotnējo termiņu, emitentu valstu un valūtu dalījumā L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r(4S%T"(V"#1R(M%#1'#%(D"&XN34#(3("'V#134#(4S%T"(C%#YR$r(94#RVMS&'XCRO?&'('A&J)"+:%& "RS #:%&"D&,()"C(/)-:"%+D$7+,-:"+J$-G-$+"CG%-)'('E%$!9>R G9('#%4(%3&9 d>y&9qxcr P4#$#N3(C&3'9 %$9T9 ">N94$ MS&'$>">X&3 ">N94$ ^QST"" P4#$#N3(%'9 ">N94$ d>y&9qxcr %$9T9 MS&'$>">X&3 ">N94$ P4#$#N3(C&3'9 ">N94$ ^QST"" P4#$#N3(%'9 ">N94$ d>y&9qxcr %$9T9 MS&'$>">X&3 ">N94$(LoO P4#$#N3(C&3'9 ">N94$(LoO ^QST""(LoO P4#$#N3(%'9 ">N94$. ) - = J + K H *.,...)!9>R ),,- ^%:B *(),+BK J).B, JJ-BJ I-)BJ H(+*HB- J,-B, JJKB= IJ=B- *.B+ *-BH *=B+ IJJB= ),,= n"mb *()KKBJ K-HBJ ++JB= K-B) H(KH*BK K-,BH +==BK H+B. *.BJ *=B) *=BH KKBK /%C&B *(-J-BJ +*HBJ +))BK KJBH H(H+JB* +HJBJ +,JB+ K*B* *.B+ *=B+ *=B) KKB+ 5"&'$ *(=+)B. K.KB+ +,HBH.,HBH H(*J.BJ +K)BH J*KB. KJBH *.B- *)BK *JB- J=B* d>&b *(=HHB- +=*B, +)=B+ )=B= *(,.*B- +=HBK JHKB, +.BK *.B) *-B- *JB, =KB) 5"#N$ *(JHHB= +=*B+ J=*BK **BH *(.,)B) +-.B) J=-BK HKBJ *.B) *-B* *=B* K+B+ n[b *(+*+B+ K..B, +,.BH.,*B- *(.+*B, ++=B= J*KB+ ++BK *.B) *=B- *=BK +,B= n[vb *(K.+BK K,KBH +HJB* ).B* *()..B. +*JB. +J-BJ =.B+ *.B. *=B. *=B+ -JBH d3yb *(K=KB+ +.*BK JHHBK -,B* *())-B+ +,-B+ JHHB=.JB. *.B) *=BK *=BK.=B= F%>'B *(HJHB. K)-BK +.-B=..,B- *()JJB) +J*B+ +.HBJ =.B, *.B- *=B* *=B= =.BH l1'b *(HH,B= K..BK +*,B+ ).B, *()H*BJ +*+B) +J+B+ -*B+ *.B- *-BK *=B* )*B+ G9MB *(*K.B- K,)B+ +.+B* HJBK *(-=.BH +K)BK +.-B+ J*B. *.BJ *=B- *=B- J+B- ^%:B *(*HJB) K,=B) +*.B-.)B* *(-).B. +KKB+ +*)B. I.=BJ *.BJ *JB- *JB) I.-B- EVY'%&4#\"(MS&'$>">X&# ),,- ^%:B H(-=HB-..*B-.),BJ I.B) K(H+KB+..)B...=B+ I)BJ *.BK *,B= *-B. IJB- ),,= n"mb H(=,JBH.*JBH.-KB+ JHB) K(*.JB).KHB=.-*B. -*B- *.B+ *)B* *,B* -*B) /%C&B H(=*.B).*-BJ.,*B. H=B- K(**KB*.H)BK *HBH H=B, *.BK *)B) HHB, H.B+ 5"&'$ H(JJ-B) ).-BJ.J,BH +)BK H(,+-BJ.H*B+.-)BK J+B* *.B= H+BH *=B. -*BK d>&b H(J*=B+.+-BH.)=B. -*B+ H(..=B-.JJBJ..,B) =JB- *.B- HHBJ *=BK --B- 5"#N$ H(+*+B+.KJB, K)B-.,)BK H(.*HBJ.J+BK +KB* HHBH *.B- H*B- *,B* KHB) n[b H(KH)BH ),=B).),B, H=B. H()K,B*.H.B,..)B- +HBK *.B- *)B* *)B) +=B+ n[vb H(H.HBH.*,B-.J)BK -KB+ H(-,+BK.K-B=.-HB+ -=BH *.B) *.BH *-BK )*Bd3YB H(H=+B) HKB) +,B) )+B* H(-))B- KJB- JHB).KB. *.B) H+B* *.B=.)B) F%>'B H(*-*B..*.B. **BJ *.B+ H(-K,B..J+B=.,)B) J=B) *.B- *.B+ HHBH J)BJ l1'b H(*K-B-.K-B*.=,B. --BH H(-HHB+.JHB..-)B) )JB* *.B- HHB. *-BK.JB= G9MB *(,=HB).+KBH *+BK K.B. H(==.B).J=B) *-B* +,B- *.B= H*B. *)B. J,B* ^%:B *(,H)B=.=KBJ..=B, --BJ H(=JHB,.-=BK.,*B* )=BH *.BJ *.BK H*BH )=BH A13. Euro zonas rezidentu emitēto apgrozībā esošo neakciju vērtspapīru kopapjoms un emisiju bruto kopapjoms (mljrd. euro) 11 emisiju bruto kopapjoms (labâ ass) apgrozîbâ esoðo vçrtspapîru kopapjoms (kreisâ ass) apgrozîbâ esoðais apjoms euro (kreisâ ass) dm9'#?(pub(3(fgb(l>"&(r&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'3(m%#1'"nr4(%4#$#nr4ob.o P3&9(Q9"$(3(R&>3$(%3&9(Q9"$(%$9T9(M"V$'3(&%Q#D%'3(%4#'S'9(%3&9(D%94#S'9(%"1:#N3(MS&'$>">X&3(19>">N94$B S 3

114 EURO ZONAS STATISTIKA Finanšu tirgi 4.2.Euro zonas rezidentu emitētie neakciju vērtspapīri emitentu sektoru un instrumentu veidu dalījumā L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r(94#RVMS&'XCRO (perioda beigâs)?&'. `&"-$+J"+:%&"WQS!9>R 5/E L#%$1"#'9' P3&9$#$'S43O G%I5/E($"C#%D&XC"$ Z"VDXC"!9>R 5/E L#%$1"#'9' P3&9$#$'S43O G%49%I 'R&R$(2#"T3 $"C#%D&XC"$ G%2#"T3 $"C#%D&XC"$ U%'&RVR M"VDXC" 8R&SNR M"VDXC" G%I5/E($"C#%D&XC"$ G%49%I 'R&R$(2#"T3 $"C#%D&XC"$ G%2#"T3 $"C#%D&XC"$. ) - = J + K H *.,...)!9>R ),,- H(+*H -()HH +KH J*) -(*)) ).* *.B+ HJBJ HKBH HHB= *KBK *JB= ),,= *(-). -(J*- K+= +,. =(..- )=* *.BJ H=B* *,BH HKB* *KBK *JBK ),,= E H(*J) -(=,- +H, J*) =(,=J )-) *.B- HJB) HKBK HKBH *KB= *JBJ EE *(.+* -(=K+ K,H +,H =(.-H )-* *.B) H=BK HHBJ HKB+ *KB= *JBJ EEE *()JJ -(J-- K.= +,= =(.+) )=) *.B- H=BK H*B= HKBJ *KB+ *JBK EZ *(-). -(J*- K+= +,. =(..- )=* *.BJ H=B* *,BH HKB* *KBK *JBK ),,= F%>'B *()JJ -(J-- K.= +,= =(.+) )=) *.B- H=BK H*B= HKBJ *KB+ *JBK l1'b *()*, -(J+J K)- +,+ =(.J) )=- *.B- H=B+ H*BK HKB+ *KB+ *JBK G9MB *(-=) -(JKH K=) +,H =(.++ )=H *.BJ H=BH *,B- HKBH *KB+ *JBK ^%:B *(-). -(J*- K+= +,. =(..- )=* *.BJ H=B* *,BH HKB* *KBK *JBK j$'%&4#\"(ms&'$>">x&# ),,- H-. -+, + *= -+K - *.B) H.BH.,,B, *=B. **B+ HKB+ ),,= H+- =,, K *, -+) = *.BK H-BH *-B* *JBH **BJ HJB. ),,= E HHH -K= J.,) =,- = *,BK H.B=.,,B, *=BK *HB- H-BK EE H*H -KH J.,H =,) J *,B- H,BJ.,,B, *JB) *HB) H-B) EEE HHJ -K, +.,, =,J J *.B) H)B. *+B. *JBK *HBJ H)BH EZ H+- =,, K *, -+) = *.BK H-BH *-B* *JBH **BJ HJB. ),,= F%>'B HHJ -K, +.,, =,J J *.B) H)B. *+B. *JBK *HBJ H)BH l1'b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l1'b H(-H* -(.H. K.K J,K -(K=J )-* *.B- H=B* H*BK H+B, *KBJ *+B, G9MB H(==. -(.HK K-J J,* -(K+K )=- *.B= H=B* *,B- H+B- *KBJ *JBH ^%:B H(=JH -(.*= KJK J.. -(KJ. )=J *.BJ HJB, *,BH H+BJ *KB+ *JBH G9('#%4(#VY'%&4#\"W("&((2#1$S'9(>&9:%'3(V#14# ),,- +(.),.(HHJ =,K =)- -()=,.+J *.BH HJB= H,B= H+BH *KB= *JB= ),,= +(-H*.(*-. =)J =.H -(=-,.H+ *.BH H=B. H=B- HJB* *KBJ *JB+ ),,= E +()=*.(*)+ =.) =.= -(-)=.K- *.B+ H=B* H,B= HJBK *KB- *JBJ EE +(-++.(*=- =.* =.* -(=,*.KK *.BJ H=BJ H.B- HJB. *KB- *JB+ EEE +(-*-.(*J, =.= =.K -(=-..H. *.B+ H=B. H)BJ HJB= *KB= *JBH EZ +(-H*.(*-. =)J =.H -(=-,.H+ *.BH H=B. H=B- HJB* *KBJ *JB+ ),,= F%>'B +(-*-.(*J, =.= =.K -(=-..H. *.B+ H=B. H)BJ HJB= *KB= *JBH l1'b +(-K).(*== =.J =.H -(=.=.H. *.B+ H=B, H)B* HJBJ *KB= *JBH G9MB +(-*-.(*-K =)) =.H -(=-).HJ *.B+ H-B* H-BK HJBK *KB= *JB+ ^%:B +(-H*.(*-. =)J =.H -(=-,.H+ *.BH H=B. H=B- HJB* *KBJ *JB+ G9('#%4(#VY'%&4#\"W("&(4"#XY9(>&9:%'3(V#14# ),,-.(J*. *J* )+. JH )+. J. *.B- HKBJ *HBH H*BJ *KBJ *JBH ),,=.(HH+.(.=J -)H H, )K= J* *,B* H+BH **B. HHB* *KBK *+B+ ),,= E.(+J,.(,,H )J* +- )+J JJ *.B) HKBJ *HBK H*B= *KBJ *+B, EE.(K)H.(,=H )H. +K )K+ JK *,BH H+BK *HB* H*B* *KBJ *+B) EEE.(KHH.(.,, )*. K= )+K J+ *,BK H+BK **B, HKBH *KBJ *+B- EZ.(HH+.(.=J -)H H, )K= J* *,B* H+BH **B. HHB* *KBK *+B+ ),,= F%>'B.(KHH.(.,, )*. K= )+K J+ *,BK H+BK **B, HKBH *KBJ *+Bl1'B.(H)+.(.)- )** KJ )K) JK *,B+ H+B+ **B, HHB. *KB+ *+B= G9MB.(HJK.(.-+ -., KK )KJ J* *,BH H+BK **B. HHBJ *KB+ *+BJ ^%:B.(HH+.(.=J -)H H, )K= J* *,B* H+BH **B. HHB* *KBK *+B+ dm9'$?(pubb.o Z#$3( #VY'%&4#\"( >"&RD"( MS&'$>">X&3( 3( 2#1$S'R$( 3( 4"#XYR$( >&9:%'3( V#14%$( #VY'%&4#\"( >"&RD"( MS&'$>">X&3( "'V#1343( $'"&>XC3( M%#D9( 3VV%$( 13>9"( 9CV#YR:#N3( ">N94$( 3 >R&MS&'ST""$(&%Q3V'R'#B Z"VDXC" U%'&RVR M"VDXC" 8R&SNR M"VDXC" S 31

115 4.2.Euro zonas rezidentu emitētie neakciju vērtspapīri emitentu sektoru un instrumentu veidu dalījumā L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r(94#RVMS&'XCRO 3K"#J$)$A:"%:-&"('A&J) (darîjumi periodâ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l1'b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l1'b J-HB. -*-B+ =B) KJB. +-B. )B. J*B= -HBK.,B-.B* KB,.B+ G9MB J.HBJ -*-B, =B- +HB. J,B= )BK JJB+ -=B).)BJ )BJ =BK.BK ^%:B J=)B* =-JB+ )BK +.B- =.B) )B) J=B. -,BJ.*BK )B*,B,.B, A14. Neakciju vērtspapīru apjoms sektoru dalījumā L4VN&DB(%3&9W(D"&XN34#(4S%$XW(94#RVMS&'XCRO 6 valdîba MFI (ieskaitot Eurosistçmu) ne-mfi sabiedrîbas Z"VDXC" U%'&RVR M"VDXC" 8R&SNR M"VDXC" dm9'$?(pubb.o Z#$3( #VY'%&4#\"( >"&RD"( MS&'$>">X&3( 3( 2#1$S'R$( 3( 4"#XYR$( >&9:%'3( V#14%$( #VY'%&4#\"( >"&RD"( MS&'$>">X&3( "'V#1343( $'"&>XC3( M%#D9( 3VV%$( 13>9"( 9CV#YR:#N3( ">N94$( 3 >R&MS&'ST""$(&%Q3V'R'#B S 32

116 EURO ZONAS STATISTIKA Finanšu tirgi 4.3.Euro zonas rezidentu emitēto neakciju vērtspapīru gada pieauguma temps 1) L>R&4"#\"$r(o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n[vb KB) HB=.-B= =BJ JB).+B, -BK =B, I.KB= =BH -B-.KBd3YB KB= HB*.)B* -BK JB=.+BH =BH KB- IHB+ -B+ )BH -JB. F%>'B KB. *B...B, -BH =B*.JB- =B. +B, -B=,BK )BH =.BK l1'b +BK HB*.,B* -B- =B=.=B. -B- KB).B+ I)B=,B* -HB+ G9MB +B* HBK.)B= -B= =BJ.=B) -B. KB. JB, I,B) I,B) J-B. ^%:B KB- *B+.-B) )B= =B*.=B, =BH.-B).+B* I=B- I.B- ))BH Euro ),,- +BJ -B* -)B,.,B, =B= )=B*.JBK.JBH,B* =BH.*B- IHB, ),,= +BK +BK.HBK -B+ JB,.KB) -B,.BK I..B*,B* =BH ),B+ ),,= E +BH JB- )=BK KB, =B* ),B+ =B- I.B, I.KB* I)BJ..B- KB= EE +BK +BK.*B, )B+ JB,.HB..BJ I)BJ I.JBJ.BK JB,.)BH EEE +B* KB..KB, )BH JB-.+B- -B, )BJ I.-BK =B= -B, ))B+ EZ +B+ KBK.JB- )B) =B+.=B= -B= KB*,BK I,B.,B+ =-B. ),,= n[vb +BH +B*.KB= -B= JB-.JB* )BK.BK I),B+ =BH -B-.)BJ d3yb KB, KB).+B* )BJ JBJ.+BH -B- -B* I..B, =B) )B+ -,BK F%>'B +BH KBH.=BJ )BK JB,.JB= -B= =B- I,B+ )B, )BH -HB, l1'b +B= KB+.=B) )B- =B=.=B- -B, +BK I)BJ I.B).B. -HB+ G9MB +B= KB=.+B, )B= =BJ.=B. -B. KBJ I,B).B) I,B. +)B+ ^%:B KB, HBJ.+BJ.BJ =BH.=B- =B*.=B* *BK I)BJ I.B=.HB* Z"VDXC" U%'&RVR M"VDXC" A15. Īstermiņa parāda vērtspapīru gada pieauguma temps emitentu sektoru dalījumā visās valūtās kopā L>R&4"#\"$r(oO 6 valdîba MFI (ieskaitot Eurosistçmu) ne-mfi sabiedrîbas 8R&SNR M"VDXC" dm9'$?(pubb.o 8#%"3Y34"(">&Sf#3($1B('%;#$1"NR$(>#%QX4S$B S 33

117 4.3.Euro zonas rezidentu emitēto neakciju vērtspapīru gada pieauguma temps 1) L>R&4"#\"$r(oO ;/I-+%J$>(2"(%"F$1)G-&"'%&H+,-:"/$1J$ ;/I-+%J$>(2"(%"J($,EI&"'%&H+,-:"/$1J$.-.=.J.+.K.H.* ), ). )) )- )= Z#$R$(M"V['R$(19>R ),,- JB) )B..JB=.)B+ =B= ))B+ HB* HB- J=BK I.-B= I*B) =-B) ),,= JB. -B, KB+ -BH JBK.=BH.+B+.HB- )*B=.,B.,B= )+BJ ),,= E JBK -B,.)B+ *B* JB-.HB=.-B*.JB) -KB* IHBJ I=B- --B= EE JBJ -BH *BJ -B+ JBH.JB).+B).HBH )KB= I,B.,B* -,B. EEE =B* -B, =BH.B- +B..-B+.KB*.*B, )HB* ),BK -B, )JB) EZ =B- )B- =B.,BH JB+.)BJ.HB. ),B, )=BH -)B, )B..HBH ),,= n[vb =BH -B, =BH.BJ +B,.-B,.HB,.HB+ )*B* ))BH =B, )+Bd3YB =BH )BK -B*,BK +B-.=B=.HBJ.*B= -,B. ))BK =B- )-BK F%>'B =BK -B) -B).B. JBK.-B=.KB-.*B+ )=BK )KBJ,B- ),B. l1'b =B) )B) -B-.B+ JB=.)B-.KBK ),B= )=B, )*B-,B..HBK G9MB =B..BH =BK,B- JBJ.)B,.HBH ),B= )JB) -JB, -B+.*B. ^%:B =B+ )B+ JB) I,B- JB*.-B,.HB-.HB* )JBJ -+B, =BH.KB) Euro ),,- =B+,B. ),BK.-B. =B) ).B- *B. KBK J=BK IHB* I*B) =-BK ),,= =BH.B-..B* )B+ JBH.=BH.+B..KB+ )*BJ.,B+,B- )JB= ),,= E JBJ.B+.KB. *BK JB=.KBK.-BJ.=B= -KBK IJBK I=BJ -.B* EE JB) )B,.-B* )B- JBH.JB,.JBH.HB) )KB= )B),B* )HBH EEE =BK.B) *B. I,B) +B).-B*.KB).HB. )*B).HB+ -B, )=B. EZ =B,,B- HB) I,BH JB+.)BH.KBJ.*B= )JB. )*BH )B,.HB) ),,= n[vb =BK.B- *B-,B- +B).-B-.KB-.KBJ -,B).*BH =B, )JB) d3yb =BK,BH HB) I,BH +B=.=BH.KBH.HB= -,B-.*BK =B= ))B+ F%>'B =B=.B- KB- I,B+ JB*.-B*.+BH.*B) )=B* )JB.,B).*B, l1'b -B*,B- KB,,B- JBJ.)BH.KB..*B* )=B- )+BH,B..KBH G9MB -BK I,B- *B. I.B) JB=.)B..HB).*BK )JB+ -)B+ -B+.HB) ^%:B =B-,BH *B= I.B* JB*.-B..KBK.HB, )JBH -=B* =B*.HB, 35!9>R 5/E L#%$1"#'9' P3&9$#$'S43O valdîba MFI (ieskaitot Eurosistçmu) ne-mfi sabiedrîbas G%I5/E($"C#%D&XC"$ Z"VDXC"!9>R 5/E L#%$1"#'9' P3&9$#$'S43O G%49%'RI &R$(2#"T3 $"C#%D&XC"$ G%2#"T3 $"C#%D&XC"$ U%'&RVR M"VDXC" 8R&SNR M"VDXC" G%I5/E($"C#%D&XC"$ G%49%'RI &R$(2#"T3 $"C#%D&XC"$ G%2#"T3 $"C#%D&XC"$ Z"VDXC" U%'&RVR M"VDXC" A16. Ilgtermiņa parāda vērtspapīru gada pieauguma temps emitentu sektoru dalījumā visās valūtās kopā L>R&4"#\"$r(oO 8R&SNR M"VDXC" dm9'$?(pubb.o 8#%"3Y34"(">&Sf#3($1B('%;#$1"NR$(>#%QX4S$B S 34

118 EURO ZONAS STATISTIKA Finanšu tirgi 4.4. Euro zonas rezidentu emitētās kotētās akcijas 1) L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r('#&Y3$(MS&'XCRO (apjoms perioda beigâs)?&'. O<; ED%1$$ 6"D"(>#%"3Y34".B(D%:B(x '%4>$(LoO.,,(LoO!9>R 6"D"(>#%"3Y34" '%4>$(LoO!9>R 6"D"(>#%"3Y34" '%4>$(LoO!9>R 6"D"(>#%"3Y34" '%4>$(LoO. ) - = J + K H * ),,) ^%:B -(..HB-.,,B-,B- =J,BK,BK )H-B+ I,B. )(-H=B,,B- ),,- n"mb )(*KHB=.,,B-,BK =)JBH,B+ )+.B.,B, )()*.BJ,BH /%C&B )(HHJB,.,,B-,B= =)JB-,B+ )K,BH I,B= )(.H*B,,BJ 5"&'$ )(K+-BJ.,,B-,BJ =.-B,,B+ )-+B),B) )(..=B-,BJ d>&b -(..-B,.,,B*.B. =K.B=.B. )*.BH )B) )(-=*BH.B, 5"#N$ -(.=JBK.,,B*.B, =K+BK,BH )*.B- )B. )(-KKBK,B* n[b -()J+B).,,B*,B* J,=B),B) -,,B+.B* )(=J.B=.B, n[vb -(-++BJ.,.B..B. J)HB,,B* --,B* )B. )(J,KB+.B, d3yb -(=.-B=.,.B..B. J,+BJ.B, -)JBJ )B= )(JH.BJ,B* F%>'B -()K+BK.,.B..B, =*=BH.B, -,KB..B* )(=K=BK,B* l1'b -(=H=B,.,.B).B, J-JB).B, ---B) )B, )(+.JB+,B* G9MB -(J=+B*.,.B-.B, J=*BJ.B+ --KB* -B, )(+J*B+,B+ ^%:B -(+=KB=.,.B=.B. J+*BJ.BK -=HB+ )BH )(K)*B-,BK ),,= n"mb -(KHHB+.,.B=.B. JH=B..BK -K)B- -B, )(H-)B),BH /%C&B -(HJ)B..,.BJ.B) JHKB* )B, -K=B- -B) )(HH*B*,BH 5"&'$ -(K++BJ.,.BH.BJ JK.B* )B. -JJB, -B. )(H-*B+.B) d>&b -(K=HBJ.,.B*.B, JK*B= )B- -+.B..B- )(H,HB,,BK 5"#N$ -(+HKB*.,.B*.B, J+HB. )B= -J,B+.B- )(K+*B),BK n[b -(K*,B..,)B,.B, JH)BJ )BK -+)B,.B- )(H=JBK,BK n[vb -(+K*BH.,)B,,B* J+)B-.BH -J=B,.B* )(K+-BJ,B+ d3yb -(+).B).,)B,,B* J+)BJ.B= -J-B..B+ )(K,JB+,BK F%>'B -(K,KB*.,)B.,B* JK*B+.B- -+)B- )B. )(K++B.,BK l1'b -(KHKB+.,)B).B, J*HB,.B) -K)B+ )B, )(H.KB,,BH G9MB -(*,+BJ.,)BJ.B) +)-B* )BH -H+BJ,BH )(H*+B),B* ^%:B =(,-=BJ.,)B+.B) +=-BK )B* =,+B=.B. )(*H=B=,B* A17. Euro zonas rezidentu emitēto kotēto akciju gada pieauguma temps L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO 5. MFI nemonetârâs finanðu sabiedrîbas nefinanðu sabiedrîbas I II III IV I II III IV I II III IV I II III IV I II III IV dm9'$?(pubb.o ED%1$"(3(>#%"3Y34"(">&Sf#3($1B('%;#$1"NR$(>#%QX4S$B S 35

119 4.4. Euro zonas rezidentu emitētās kotētās akcijas 1) (4VN&DB(%3&9r('#&Y3$(MS&'XCR) 3K"U(%EA:J$"JG,+)E P4#$#N3(C&3'9 ">N94$?&'. O<; ^QST"" P4#$#N3(%'9 ">N94$ P4#$#N3(C&3'9 ">N94$ ^QST"" P4#$#N3(%'9 ">N94$ P4#$#N3(C&3'9 ">N94$ A18. Kotēto akciju emisiju bruto apjoms emitentu sektoru dalījumā L4VN&DB(%3&9W(D"&XN34#(4S%$XW('#&Y3$(MS&'XCRO ^QST"" P4#$#N3(%'9 ">N94$ P4#$#N3(C&3'9 ">N94$ ^QST"" P4#$#N3(%'9 ">N94$. ) - = J + K H *.,...) ),,) ^%:B.BH.B+,B),B.,B,,B.,B),B.,B..BJ.B+ I,B. ),,- n"mb,b*.b= I,BJ,B.,B,,B.,B-,B,,B-,BJ.B= I,B* /%C&B.B,.B- I,B-,B.,B,,B.,B.,BH I,BK,BK,BJ,B) 5"&'$.B=.BJ I,B.,B+,B.,BJ,B),B,,B.,B+.B- I,BK d>&b )-BK =B*.HBH.B*,B..BK =BJ,B, =BJ.KB- =BH.)BJ 5"#N$,BK )B) I.B+,B),B= I,B),B,,B,,B,,BJ.BH I.Bn[B +B. JB),B*,B= )BH I)B-,B,,B,,B, JBK )B= -B) n[vb HB+ )B, +B+ =BK,B) =BJ,B),B,,B) -B+.BH.BH d3yb.bh.b=,b=,b.,b,,b..b.,b..b,,b+.b- I,BK F%>'B )B- )B.,B-,B.,B.,B,,B..B+ I.BJ )B),B=.BH l1'b JB= -B*.B+,B=,B,,B=,B),B,,B. =B* -BH.B. G9MB KBJ JBJ )B. )BK,B, )BK =B),B- -B*,B+ JB. I=BJ ^%:B JBK.B+ =B,,BH,B.,BH,B=,B* I,BJ =B=,B+ -BH ),,= n"mb )B*.B,.B*,B.,B,,B.,B*,B,,B*.BH.B,,BH /%C&B -BJ,BK )BH )B,,B, )B,,B,,B) I,B).B=,BJ.B, 5"&'$.)B,.B-.,BK.BJ,B,.BJ,B,,B. I,B..,BJ.B. *Bd>&B +B=,B+ JBH -B.,B. -B.,BJ,B.,B= )BH,BJ )B- 5"#N$ -B- -B+ I,B=,B-,B,,B-,B,,B,,B, )B* -B+ I,B+ n[b -BH )B).B+,BK.B+ I.B,,B-,B,,B) )B*,BJ )B= n[vb +B= -B+ )BH,B=,B,,B= )B),B, )B) -BH -B+,B) d3yb )B, )B* I,B*,B. )B) I)B),B,,B,,B,.B*,BK.B) F%>'B =B* )B) )BK,B.,B* I,BH,B,,B,,B, =BH.B- -BJ l1'b -B=,B= -B,,B.,B,,B.,B,,B,,B, -B-,B- )B* G9MB.JB) -B-..B*.)BH,B-.)B=,B.,B,,B. )B= -B, I,B+ ^%:B JB=.B+ -B*.B),B,.B),B-,B.,B) -B*.B= )B= 4 nefinanðu sabiedrîbas MFI nemonetârâs finanðu sabiedrîbas dm9'$?(pubb.o ED%1$"(3(>#%"3Y34"(">&Sf#3($1B('%;#$1"NR$(>#%QX4S$B S 36

120 EURO ZONAS STATISTIKA Finanšu tirgi 4.5. MFI procentu likmes euro denominētajiem euro zonas rezidentu noguldījumiem un kredītiem LY"DRr(or("'V#134#%4(q(>%&#9D"(C%#YR$W(N"3"N#%4(D"&XN34#%4(q(>%&#9D"(M#DSN#%(&RDX'RN#W(N"("M(9&RDX'$(:#'RD#O RK"`&I:/7EA:J:"'%&H+,-:"/$1J+)"WA(:,(A$+J"7(%EA:J$+JS O.A)($J,$+HE:",&I:/7EA:J$ Repo 7(%EA:J$ ]Q("1'# (.O d&(9'%#1'9('%&4#\3 d&(c&xd#rn34"('%&4#\3(>"& #Q\%4T"3 (.OW()O _XDQ(.(Y"D"4.q)(Y"D# EVYR1(>"& )(Y"D#%4 _XDQ -(4S%T#%4 EVYR1(>"& -(4S%T#%4 3K"O.A)($J,$+HE.J"$D),$+I-&"1%+7E-:"'%&H+,-:"/$1J+)"WA(:,(A$+J"7(%EA:J$+JS _XDQ(.(Y"D"4.q)(Y"D# EVYR1(>"& )(Y"D#%4. ) - = J + K H *.,.. ),,= n"mb,b+*.b*, )B-H )BK= )B,- )B+J,B*-.B** )B,H -B.,.B*J /%C&B,B+*.BH* )B.+ )B=J )B,) )B+-,BH+.B*H )B)) -B+,.B*H 5"&'$,BK,.B*. )B.- )B-. )B,, )B+,,BH+.B*+ )B.+ -B-J.B*H d>&b,bk,.b*+ )B.- )B=. )B,) )BJK,BHJ.B*K )B,= -B=+.B*J 5"#N$,BK,.BH+ )B.J )B=- )B,, )BJ+,BH+.B*+ )B,+ -BK=.B*J n[b,bk,.bhk )B). )B=) )B,, )BJJ,BHK.B*H )B)K -BK+.B*H n[vb,bk,.b*, )B). )BJ=.B** )BJJ,BH+.B** )BJ* =B,,.B** d3yb,bk..b*. )B.H )B+K )B,, )BJ-,BHK.B*H )B-+ -B**.B*H F%>'B,BK).B*, )B), )B=H )B,, )BJ),B*, )B,, )B-. -B+H.B** l1'b,bk).b*) )B)* )B=H )B,, )BJ),BH* )B,= )B-) -BJ+ )B,, G9MB,BK-.B*= )B), )BJ, )B,. )BJ.,B*, )B,= )B)) -B-* )B,) ^%:B,BK-.B*J )B.* )B-) )B,, )BJ),B*, )B,H )B+H -BJ) )B,) `&%Gh$,: 1&,-( 7++-( (-/$1:J) "RS 8(-G%$>("1%+7E-$?%+7E-$"J.A&1B("$+I.7+$ *$-$"1%+7E-$"'%&H+,-:"/$1J+) 7(%E()").1&-,GA."'+%$&7( 8&9:%'3(V#14%$(D"&CXC"$($R19'SNR 7(/EA:J. 8&9:%'3(V#14%$(D"&CXC"$($R19'SNR >%&#9D"(D"VXN34R 5"#XYR.qJ(Y"D# EVYR1(>"& V#14%W(VXDQ J(Y"D#%4.(Y"D"4 P2%1'XMR Y"D" #Q4"1$3 >&9:%'3 V#14% (-O 5"#XYR V#14%W(VXDQ.(Y"D"4 >%&#9D"(D"VXN34R.qJ(Y"D# Jq.,(Y"D# EVYR1(>"&.,(Y"D#%4 P2%1'XMR Y"D" #Q4"1$3 >&9:%'3 V#14% (-O 5"#XYR V#14%W(VXDQ.(Y"D"4.qJ(Y"D# EVYR1(>"& J(Y"D#%4. ) - = J + K H *.,...).- ),,= n"mb *BHK KB+- KB)) HBJ+ HB-J -B+. =B-, JB,) =BHJ =B=K =B,H JB., JB.H /%C&B *BH. KB=J KB,+ HB=* HB), -BJ= =B)) =B*+ =BH+ =B-. =B.- JB,K JB,= 5"&'$ *BK. KB-H +B*, HB-K HB,J -B=K =B.= =BHK =BK. =B)H -B*+ JB,+ =B*+ d>&b *BK- KB-J +B+= HB-, KBH+ -B=) =B,+ =BKK =B+* =B)= -BH* =B*K =B*J 5"#N$ *B+H KB-- +BKK HB)K KB*+ -B=, =B,J =BKJ =B+. =B.K =B.= =BHK =B*= n[b *BJJ KB.) +BK= HB=) KB*+ -B=) =B.) =BH) =B+* =B.K -B*- =B*K JB,. n[vb *BJK KB.H +BH+ HBJ) HB,K -B=K =B.+ =BH. =B+* =B), =B,= =B*= JB,. d3yb *B+) KB+K +BH* HBJH HB)+ -BJ, =B.* =BHK =B+J =B)* -B*. JB,K JB,) F%>'B *BJ* KB=J +B*+ HB=J HB.H -B=* =B.= =BH) =B++ =B)= -B*, =B*H JB,, l1'b *BJ- KB-K +BHK HB-= KB*H -BJ, =B.) =BKK =B+= =B.H =B,H =BHK =B*) G9MB *B=K KB=) +BHJ HB)- KB*K -B=J =B,K =B++ =BJH =B,* -B*+ =BH* =BH) ^%:B *BJ. KB)= +B+, KB+K KBK. -B=- -B*J =B=* =B=. =B,K -BH) =BJ* =B++ MK"`+F$,(,@:")($+7%E.J"$D),$+I-&"1%+7E-:"'%&H+,-:"/$1J+)"WA(:,(A$+J"7(%EA:J$+JS `&%Gh$,:"1&,-( 7++-("(-/$1:J) "RS *$-$"1%+7E-$2"1:%:"('A&J)",+'.%),$+7D"R"J$/AK"+:%&2"'%&H+,-: /$1J+)"7(%E()").1&-,GA."'+%$&7("7(/EA:J. *$-$"1%+7E-$2"1:%:"('A&J)"'.%),$+7D"R"J$/AK"+:%&2"'%&H+,-:"/$1J+) 7(%E()").1&-,GA."'+%$&7("7(/EA:J. 5"#XYR(V#14%W.qJ(Y"D# EVYR1(>"&(J(Y"D#%4 5"#XYR(V#14%W.qJ(Y"D# EVYR1(>"&(J(Y"D#%4 VXDQ(.(Y"D"4 VXDQ(.(Y"D"4. ) - = J + K ),,= n"mb JB+K =B,. =BHH =BHK -B,) -B-* =B)* /%C&B JB+- =B,, =B*- =BKH -B,, -B.* =B-, 5"&'$ JBJ+ -B*J =BH. =BK- )B*J -B)K =B-K d>&b JBJ. -BHH =BKJ =B+* -B,, -B)H =B). 5"#N$ JB=+ =B,, =B+) =BJ* -B,, -B-, =B). n[b JB=+ -B*K =BH. =BK. )B** -B)+ =B,H n[vb JB-+ =B,) =BHJ =B+J -B,) -B)H =B)K d3yb JB-K =B,+ =BH* =BK- )B** -B.) =B-, F%>'B JB-K =B,, =BHJ =B+H )B** -B-K =B=J l1'b JB-* =B,) =BHK =B+= )B*H -B-, =B)K G9MB JB-K =B,) =BK* =BJJ )B*J -B-J =B-. ^%:B JB)+ -B*H =B+K =B=+ -B,J -BJJ =B., dm9'$?(pubb.o p"nr(#$'&34%'3(1"'%y9&#nr(n"39(d"&xn343(">n94$(3("'v#134$($"1&x'b(8%&#9d"(c%#y3(d"'#b )O p"nr(#$'&34%'3(1"'%y9&#nr(4rn$"#4#%:xc3(3(%2#"t3($"c#%d&xc3(d"'#($344s'#(3(#%1g"3'#(4rn$"#4#%:xc3($%1'9&rw(n9(%2#"t3($"c#%d&xc3(9y3vdxn343("'v#134$(#&(#%:xy$ $"VXDQ#RN34R("&(4RN$"#4#%:XC3($%1'9&"(9Y3VDXN343("'V#1343(M#$R$(#%$"#$'X'"NR$(D"VXCM"V$'X$(19>RB -O P2%1'XMR(Y"D"(#Q4"1$3(>&9:%'3(V#14%(9$%DQ(1&%DX'"(19>SNR$(#Q4"1$"$B(!9>SNR$(#Q4"1$"$($"$'RM(9(>&9:%'3(#Q4"1$3(D"g"$(3(:#'3(L$"#$'X'9O(#Q4"1$3(D"g"$W(>#%4S&"4W(4"1$" >"&(#QQ#\R4W("D4##$'&R:#N"$W(D9134%'3($"Y"'"M9T""$W(Y"&"'#N3(3''B(#Q4"1$"$B S 37

121 4.5.MFI procentu likmes euro denominētajiem euro zonas rezidentu noguldījumiem un kredītiem LY"DRr(or("'V#134#%4(q(>%&#9D"(C%#YR$W(N"3"N#%4(D"&XN34#%4(q(>%&#9D"(M#DSN#%(&RDX'RN#W(N"("M(9&RDX'$(:#'RD#O NK"`&I:/7EA:J:"'%&H+,-:"/$1J+)"W(-/$1:J$+JS (.O O.A)($J,$+HE:",&I:/7EA:J$ Repo"7(%EA:J$ ]Q("1'# (.O d&(9'%#1'9('%&4#\3 d&(c&xd#rn34"('%&4#\3(>"& #Q\%4T"3 (.OW()O ]Q("1'# d&(9'%#1'9('%&4#\3 _XDQ()(Y"D#%4 EVYR1(>"& )(Y"D#%4 _XDQ -(4S%T#%4 EVYR1(>"& -(4S%T#%4 _XDQ()(Y"D#%4 EVYR1(>"& )(Y"D#%4. ) - = J + K H * ),,= n"mb,b+*.b*= -B-+ )B,- )B+J,B*- )B,H =B)H.B*J /%C&B,B+*.B*- -B=) )B,) )B+-,BH+ )B,H =B)).B*K 5"&'$,BK,.B*) -B-) )B,, )B+,,BH+ )B,K =B.K.B*- d>&b,bk,.b*, -B-J )B,) )BJK,BHJ )B,H =B.K.B*) 5"#N$,BK,.BH* -B)H )B,, )BJ+,BH+ )B,K =B.J.B*- n[b,bk,.bhh -B)K )B,, )BJJ,BHK )B,H =B.).B*= n[vb,bk,.bh* -B)J.B** )BJJ,BH+ )B,* =B...B*+ d3yb,bk..bh* -B)) )B,, )BJ-,BHK )B.) =B,-.B*K F%>'B,BK).B*, -B)) )B,, )BJ),B*, )B.) -B*K.B*K l1'b,bk).b*, -B)K )B,, )BJ),BH* )B.. -BH*.B*H G9MB,BK-.B*, -B)+ )B,. )BJ.,B*, )B.) -BH+ )B,, ^%:B,BK-.B*) -B)= )B,, )BJ),B*, )B.+ -BK+ )B,) 5K"?%+7E-:"'%&H+,-:"/$1J+)"W(-/$1:J$+JS?%+7E-$"J.A)($J,$+HE.J?%+7E-$",+F$,(,@:")($+7%E.J!&%DX'#(4RN91g"(#%YRD%#("&('%&4#\3 8"'S&#\"(3(>R&SN#%(1&%DX'#("&('%&4#\3 d&('%&4#\3 _XDQ(.(Y"D"4 (.qj(y"d# EVYR1(>"& J(Y"D#%4 _XDQ(.(Y"D"4 (.qj(y"d# EVYR1(>"& J(Y"D#%4 _XDQ(.(Y"D"4 (.qj(y"d# EVYR1(>"& J(Y"D#%4. ) - = J + K H * ),,= n"mb JB,J =BH* JB.. HB.J KB,) JB*) =BJH =B,K =BJ+ /%C&B JB,. =B*. JB.. HB.- KB.+ JB*J =B+) =B,+ =BJH 5"&'$ =B*H =BH) JB,- HB,J KB.+ JBH* =BJ+ -B*+ =B+. d>&b =B*, =BKJ JB,. HB,- KB,H JBHJ =BJ. -B*. =BJ* 5"#N$ =BH* =BK) =B** KB** KB,= JBH) =BJ, -BHK =BJJ n[b =BHK =B+* =B*K KB*- +B** JBH, =B=K -BH* =BJn[VB =B*. =B+- =B*= KB*- +B*H JBK+ =B=H -BHH =BJ, d3yb =BHH =BJH =B*. KB*- +B*J JBKK =B=J -BH= =B=H F%>'B =BH) =BJH =B*, HB,+ KB.= JBHJ =B=+ -B** =BJ) l1'b =B+* =BJ- =BHH HB,J KB,H JBH, =B=) -B*K =B=H G9MB =B+K =BJ) =BH+ KB*- +B** JBH) =B=. -B*+ =B=H ^%:B =BK) =B=* =BH- KB*= KB,) JBH, =B-J -B*K =B== A19. No jauna piesaistītie noguldījumi ar noteikto termiņu LY"DRr(or(C%Q(#Q4"1$R4r(>%&#9D"(M#DSN#%(&RDX'RN#O 4.5 mâjsaimniecîbâm, lîdz 1 gadam nefinanðu sabiedrîbâm, lîdz 1 gadam mâjsaimniecîbâm, ilgâk par 2 gadiem nefinanðu sabiedrîbâm, ilgâk par 2 gadiem 4.5 A2. No jauna izsniegtie kredīti ar mainīgo procentu likmi un procentu likmes darbības sākotnējo periodu līdz 1 gadam LY"DRr(or(C%Q(#Q4"1$R4r(>%&#9D"(M#DSN#%(&RDX'RN#O 8. mâjsaimniecîbâm patçriòam mâjsaimniecîbâm mâjokïa iegâdei nefinanðu sabiedrîbâm lîdz 1 milj. euro nefinanðu sabiedrîbâm virs 1 milj. euro I II III IV I II III IV I II III IV I II III IV dm9'$?(pubb S 38

122 EURO ZONAS STATISTIKA Finanšu tirgi 4.6. Naudas tirgus procentu likmes (Y"DRr(or(>%&#9D"(M#DSN#%(&RDX'RN#) G9Y3VDXN34#%4(3Q "1'#(LPlGEdO G9Y3VDXN34#%4("& '%&4#\3(.(4S%$#$ LP]eEbleO #:%&"D&,( "RS 6=T V('.,( G9Y3VDXN34#%4("& '%&4#\3(-(4S%T# (LP]eEbleO G9Y3VDXN34#%4("& '%&4#\3(+(4S%T# LP]eEbleO G9Y3VDXN34#%4("& '%&4#\3(.)(4S%T3 LP]eEbleO G9Y3VDXN34#%4("& '%&4#\3(-(4S%T# L_EbleO G9Y3VDXN34#%4("& '%&4#\3(-(4S%T# L_EbleO. ) - = J + K ),,) -B)* -B-, -B-) -B-J -B=*.BH,,B,H ),,- )B-) )B-J )B-- )B-. )B-=.B)),B,+ ),,= )B,J )B,H )B.. )B.J )B)K.B+),B,J ),,- EZ )B,) )B.. )B.J )B), )B-+.B.K,B,+ ),,= E )B,) )B,+ )B,+ )B,K )B.J.B.),B,J EE )B,= )B,+ )B,H )B.- )B)*.B-,,B,J EEE )B,J )B,H )B.) )B.* )B-J.BKJ,B,J EZ )B,H )B.) )B.+ )B), )B-) )B-,,B,J ),,= /%C&B )B,- )B,+ )B,K )B,* )B.+.B.),B,J 5"&'$ )B,. )B,= )B,- )B,) )B,+.B..,B,J d>&b )B,H )B,J )B,J )B,+ )B.+.B.J,B,J 5"#N$ )B,) )B,+ )B,* )B.= )B-,.B)J,B,J n[b )B,- )B,H )B.. )B.* )B=,.BJ,,B,J n[vb )B,K )B,H )B.) )B.* )B-+.B+-,B,J d3yb )B,= )B,H )B.. )B.K )B-,.BK-,B,J F%>'B )B,J )B,H )B.) )B), )B-H.B*,,B,J l1'b )B.. )B,* )B.J )B.* )B-) )B,H,B,J G9MB )B,* )B.. )B.K )B)) )B-- )B-.,B,J ^%:B )B,J )B.K )B.K )B). )B-, )BJ,,B,J ),,J n"mb )B,H )B.. )B.J )B.* )B-. )B++,B,J /%C&B )B,+ )B., )B.= )B.H )B-. )BH),B,J A21. Euro zonas naudas tirgus procentu likmes (4S%T"(&RDX'RN$r(Y"DRr(oO A22. 3 mēnešu naudas tirgus procentu likmes (4S%T"(&RDX'RN$r(Y"DRr(oO 9. 1 mçneða procentu likme 12 mçneðu procentu likme 3 mçneðu procentu likme euro zona Japâna ASV dm9'$?(pubb.o 8#&4$(.***B(Y"D"(N"MR&"('#1"(">&Sf#R'"$(%3&9(Q9"$($#'S'#$1R$(>&9:%'3(V#14%$W(C"V$'9'#%$(3Q(":#9RV"NR4(>&9:%'3(V#14S4W(1"$($MS&'"$("''#%:XCR(>&%'(E!8B(FX1R13(#29&4R:#N3 $1B(M#$>R&SNR$(>#%QX4S$B S 39

123 4.7. Valdības obligāciju peļņas likmes LY"DRr(or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d>&b )B-* )BKJ -B-. -BKJ =B)= =B-).BJ. 5"#N$ )BJJ )B*= -BJ, -BHK =B-* =BK,.B=* n[b )BK= -B,+ -B+, -BH* =B== =BK-.BKK n[vb )BK, )B*K -B=* -BH, =B-= =B=H.BK* d3yb )BJ- )BH- -B-- -BH) =B.K =B)K.B+- F%>'B )B+, )BHK -B-J -BK* =B.. =B.-.BJ, l1'b )B=K )BK. -B.H -B++ -B*H =B,H.B=* G9MB )B=. )B+) -B,H -BJ- -BHK =B.*.B=+ ^%:B )B-+ )BJ- )B*- -B-J -B+* =B)-.B=, ),,J n"mb )B-* )BJK )B*) -B-. -B+- =B)..B-K /%C&B )B=J )B+K )B*K -B-) -B+) =B.+.B=, A23. Euro zonas valdības obligāciju peļņas likmes (4S%T"(&RDX'RN$r(Y"DRr(oO A24. Valdības 1 gadu obligāciju peļņas likmes L4S%T"(&RDX'RN$r(Y"DRr(oO 1. 2 gadu obligâciju peïòas likme 5 gadu obligâciju peïòas likme 7 gadu obligâciju peïòas likme euro zona ASV Japâna dm9'$?(pubb.o _XDQ(.**HB(Y"D"(D%:%4C&#4(%3&9(Q9"$(M"VDXC"$(9CV#YR:#N3(>%g\"$(V#14%$('#1"(">&Sf#R'"$W(C"V$'9'#%$(3Q($"$1"\9'"NR4(":#9RV"NR4(M"VDXC"$(9CV#YR:#N3(>%g\"$(V#14S4W($MS&'R4 "''#%:XCR(>&%'(E!8B(8S:('"4(1R($M"&#('#%1(#Q4"'9'#(">Y&9QXCR(%$9T9(M"VDXC"$(9CV#YR:#N3(94#RV">N94#("''#%:XYR('%&4#\"(Y&3>RB S 4

124 EURO ZONAS STATISTIKA Finanšu tirgi 4.8.Akciju tirgus indeksi (#Q'%#1'#(>31'9$r(>%&#9D"(M#DSN#%(&RDX'RN#) Dow Jones EURO STOXX"$,7+1)$ 6=T V('.,( P'"V9$ 6"VM%9('"3'$"#4#%:XC"$($%1'9&3(#D%1$# Broad J, 8"4"'I #Q%NM#%V"$ 8"'S&#\" >&%u3 :#1V#$1"#$ $%1'9&$ 8"'S&#\" >&%u3(%i :#1V#$1"#$ $%1'9&$ P%&cS'#1" /#"T3 e[>#%:xc" $%1'9&$ `%;9I!943RV#% `%V%1943I V9c#N"$ >"1"VI >9N34# #1R:#N"$ A25. Dow Jones EURO STOXX Broad, Standard & Poor's 5 un Nikkei 225 indeksi L.**=B(YB(N"MR&#$(x(.,,r(4S%T"(M#DSN#%(&RDX'RN#) Z%$%VXC"$ ">&[>% Standard & Poor's 5. ) - = J + K H *.,...).-.= ),,) )+,B, -(,J)BJ )+KBJ.*=BH )-*B, -,*B, )=-B= )J)B= -=JB) )JJBJ -=*B) =..B* **JB-.,(..*B- ),,- ).-B- )(=))BK ).)BJ.==B*.*-BH )J*BJ.**B- ).-BJ )KJB) ).,BK --KBJ -,=BJ *+=B* *(-.)B* ),,= )J.B. )(H,=BH )J.B=.+-B= ).*B* -,,BJ )-HB) )JHB+ )*HB- )++B- -**B) -*JB*.(.-.B...(.H,B* ),,- EZ )--B, )(+.=B- )--BK.+,B) )..B) )++BK )).B* )=,B) -.KBJ ).*BK -+,B+ -),B).(,JKB..,(=)-B- ),,= E )J.B+ )(H=+BJ )=JB,.++B* )))B. )K*B* )=,BJ )JKB. -J-B, )=HBK =,JB- -++B+.(.-)BK.,(**+B* EE )=*BH )(K*=BK )==BK.+=BK ))+B- -,,B* )-=B+ )J+B. )**B= )+)B. -HHB- -*=B*.(.)-B+..(JJ,B, EEE )==B, )(K,HBK )=+BH.J*B- ).+B= -,JB, ))HBK )J-B. )J*B* )++BH -K*BH =,)B+.(.,=B=..(.J)B- EZ )J*B) )(H+*BK )+HB*.+)BK ).JB, -.JBK )=*B. )+HB, )H.BH )HKB- =)-BJ =.*B..(.+-BK..(,)KB. ),,= /%C&B )J-B* )(HK=BH )==BK.+HB= ))=B. )KJB+ )=-BK )+,B. -J*B, )J)B. =.)B- -K,B,.(.=-BJ.,(+.HB+ 5"&'$ )J,BJ )(H)*B, )=,B-.++BK )),B* )H+B- )-+B. )J=B. -J.B= )J=BJ -**B- -K*B-.(.)=B,..(==.B. d>&b )JJB, )(H+,B* )=KB+.+HB- ))KBH -,,B) )=.B, )+)B+ -).B- )+=BK =,)B, -H*B-.(.--B=..(*+)BH 5"#N$ )==B= )(K)HB, )=,B).+,BH ))-B, )*KBK ))HBK )J,B* )H=BH )J+B+ -KHB, -*JB-.(.,-B+..(.=.B, n[b )=*BH )(K*)B) )=+B..+=B* ))KB* -,=BK )--B* )J=BJ )*.B= )+=B* -H=B- =,,B,.(.-)B*..(J)KBK n[vb )=JB) )(K-,B= )=JBJ.+)B. )).B+ -,)BH ))KBH )J.B= )K)B- )+KBJ -H)B. -*KBK.(.,+BK..(-*,BH d3yb )-HB* )(+=+B* )=-BK.JJBK ).)BJ -,,B) ))-B* )=HB. )=JB- )+)B+ -K)BH -*+B=.(,HHB*.,(*H*B- F%>'B )=HB, )(K=HB+ )J.B..+,B, ).JB. -..BH )-=B+ )J*B* )+.B* )K,B. -H=B= =.-BK.(..KBJ..(,K+BH l1'b )J)B. )(K*=B= )J*B..JKB= )..BJ -.JBJ )=,B= )+)BJ )K-B- )KHBH =,.B) =.JB..(..HB...(,)HB* G9MB )+,B, )(HH)BK )+*BJ.+-BH ).JB+ -.KB- )=*B= )+KBK )*,B- )HKB= =).B. =))B-.(.+*BJ.,(*+-BJ ^%:B )+=BH )(*)+B, )KKB).++BJ ).KBK -.=B= )J+BH )K-B) )H.B- )*JB, ==+B) =.*B+.(.**BK..(,H+B- ),,J n"mb )+*B= )(*JKB, )KKB,.K)B, )).B+ -.HB. )+)BH )H=B) )K,B= -,)B* =J,B+ =)-BH.(.H.B+..(=,.B) /%C&B )K*B, -(,J,B= )*=B).K*BJ )-,B, --HBJ )K,B. )*JB. )KKB= -.KBJ =J-BH =)HBK.(.**BK..(J=JBK 35 Dow Jones EURO STOXX Broad Standard & Poor's 5 Nikkei 225 Nikkei dm9'$?(pubb S 41

125 5 CENAS, PRODUKCIJAS IZLAIDE, PIEPRASĪJUMS UN DARBA TIRGI 5.1. SPCI, pārējās cenas un izmaksas L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3(LN"("M(9&RDX'$(:#'RD#Or(oO ED%1$$.**+B(YB(x(.,,!9>R 8&%:%$ 8"1"V>9N34#!9>R d>$'&rdr'r >R&'#1" G%">$'&RDR'R >R&'#1" G%%%&c#N"$ >&%:%$ P%&c#N" L$%Q9RV# %#QVXDQ#R'# D"'#O 8"1"V>9I N34# j>"'$m"&$(loo (.O.,,B,.,,B, J*B, =.B,.,,B,.)B, KB+ -,BH HBJ =.B,. ) - = J + K H *., ),,..,HBJ )B- )B- )BJ I I I I I I ),,)..,B* )B-.BK -B. I I I I I I ),,-..-B) )B..BH )BJ I I I I I I ),,=..JBK )B..BH )B+ I I I I I I ),,- EZ..=B, )B,.BH )B=,BJ.B.,B+,B) I,B),B+ ),,= E..=B=.BK.B. )B+,BJ,B* I,BJ,B).B),BK EE..JBH )B- )B. )B+,BH.B. I,B.,B= -B-,B+ EEE..JB* )B) )B, )B+,BJ,B= I,B-,B..B*,BK EZ..+B+ )B- )B. )BK,BJ,B-,B),B).BH,B+ ),,= F%>'B..+B. )B..BH )B+,B, I,B. I,B.,B, I,B.,B. l1'b..+bj )B= )B) )B+,B-,B, I,B.,B. )B*,B) G9MB..+B= )B) )B, )BK,B, I,B.,B-,B. I.B),B) ^%:B..+B* )B= )B, )BK,B..B.,BK,B, I.BH,B- ),,J n"mb..+b).b*.b+ )B= I,B) I,B) I,BK I,B),B- I,B. /%C&B( )O B )B, B B B B B B B B 8%+H+) 8R&'#1"(L#%$1"#'9'("V19;9V#$19$(DQS&#%3$(3 '"C"13O!9>R d>$'&rdr'r G%">$'&RDR'R >R&'#1" >R&'#1"!9>R 8(1(/'&A:J$ e[>#%:xc"$(>&%:%$ 5RN91V#$ `&"$>9&'$ F"1"&# d'>['"(3 #D#M#D3RV#% >"1"V>9N34# G%%%&c#N"$ >&%:%$ P%&c#N" j&%$ 4"1$" U#'# j>"'$m"&$(loo (.O.*B+.)B, KB+ -*B= -,BH HBJ.,B= +B= +B= )BH.=BH +B+...).-.=.J.+.K.H.* ), ). )) ),,. =BJ )B* KB,.B),B* )B).BH.B= -B+ I=B. -B+ )BK ),,) -B. -B. -B..B,.BJ I,B+ )B= )B, -B) I,B- =B) -B= ),,- )BH -B- )B..B),BH -B, )B- )B, )B* I,B+ )BK -B= ),,= )B- -B=,B+.B+,BH =BJ )B=.B* )BH I)B, )B= JB. ),,- EZ -BK -BH -B+,B*,BH.B+ )B-.B* )BH I,BK )BJ -B- ),,= E -B, -BJ )B),B),BK I.BJ )B-.B* )BJ I.B, )B= =B* EE )B* -B*.BJ.BK,B* =BH )B-.BH -B, I.B* )B= =B* EEE )B, -B+ I,B- )B,,BH +B- )BJ )B, )BH I)B+ )BJ JB- EZ.B= )BH I,BK )B=,BH HBJ )B+ )B. -B, I)B+ )B= JB- ),,= F%>'B.B= -B- I.BJ )B,,BH +B= )BJ.B* )BK I)BH )BJ JB) l1'b.b) )BH I.B) )BK,BH *BH )B+ )B. )BK I)BJ )B= JB) G9MB.B, )B- I.B, )BJ,BH HBK )B+ )B. )BH I)B+ )B= JB= ^%:B )B, -B),B, )B,,BH +B* )BK )B. -B- I)B+ )B= JB= ),,J n"mb.bj )BH I,B+.BK,BJ +B) )B+ )B. -B) I)B= )B- -BJ dm9'#?(eurostat(3(pub(">&sf##b.o d''#%:"$(3q(),,jb(y"d"(#d%1$"(>%&#9d3b -O d>&sf#$(c"v$'x'$(3q(>#&4"n#%4(d"'#%4w(19(>3cv#$19n3$#(zr:#n"w(f>r#n"(3(e'rv#n"(l3(:#'"$(d"vxcm"v$'#$w(1"d('#%(>#%%n"4#ow(1r("&x(3q(n"3r19(#29&4r:#n3(>"&(%%&y9&%$3&$3(:%r4b S 42

126 EURO ZONAS STATISTIKA Cenas, produkcijas izlaide, pieprasījums un darba tirgi 5.1.SPCI, pārējās cenas un izmaksas L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oW(N"("M(9&RDX'$(:#'RD#) 3K"\(j&-.A:"H+,()"%a',$+HE.":,"'%+p:"H+,()!9>R L#D%1$$ ),,,B(YB(x.,,O \(j&-.a:"h+,()"%a',$+he. e[>#%:xc"w(#q\%49'(c[m#%:xc3 b[m#%:xc" (-O d>$'&rd%$ &[>#%:XC"!9>R e[>#%:xc"w(#q\%49'(c[m#%:xc3(3(%%&cs'#13 P%&cSI '#1"!9>R F'"&>>"'S&#\" >&%:%$!">#'RVI 8"'S&#\"(>&%:%$ >&%:%$!9>R EVYV#%'9I N34" >&%:%$ j$v"#:xy" V#%'9N34" >&%:%$ ;D+AC$+/:"H+,() '()(:/+)"-$%Ia "RS!9>R!9>RW #Q\%49' %%&csi '#13 `(F-() H+,() "3S W+:%&"'(% (%+/:S j>"'$m"&$(loo (=O.,,B,.,,B, H)BJ -.B+ ).B- )*BJ =B, )JBJ.KBJ H*BJ.,,B, -)BH. ) - = J + K H *.,...).-.= ),,..,)B, )B,.BK.B.,B* -B,.B* -B. )B+ )B=.B) IHB- IHB. )KBH ),,).,.B* I,B.,BJ I,B-,B*.B,.B-.B, I)B- )BH,B- I=B. I,B* )+BJ ),,-.,-B=.B=,BH,BH,B-.B.,B+.B) -BH )B),B* I=B, I=BJ )JB. ),,=.,JBK )B-.B* -BJ,BK.B-,BK.B= -BK B )BJ.HB=.,BH -,BJ ),,- EZ.,-B=.B,,B+,B-,B-.B),BJ.B- )B,.BK,BJ I=B) I.B) )=BJ ),,= E.,-B*,B),B*.B,,B-.B.,B=.B- I)B+.BH,B) I)BJ *BH )JB, EE.,JB- )B,.BK )BH,B+.BJ,B+.B+ -BK )B. )BJ )HBH ),B* )*B- EEE.,+B= -B. )B= =BK,B*.B-,BH.B= JB* )BH -BJ )+B*..B* --B- EZ.,KB) -BH )BK JBJ.B..B).B..B) HB. B =B, ))B*.B- -=BJ ),,= F%>'B.,+BK -B- )BJ JB,,B*.B.,BH.B. KB, I -BH -,BJ +B* -JB, l1'b.,kbj =B. )BK JBJ.B..B..B,.B. *BK I =B- -JB. -BK -*B= G9MB.,KB- -BK )BK JBJ.B.,B*.B.,B* HB, I -B* ).B,,B= -=BJ ^%:B.,KB, -BJ )B* JBJ.B).BJ.B..BJ +B+ I -BH.)BH I,B) -,B, ),,J n"mb.,kb+ -B* )B* JBJ.BJ.B-.B-.B- HB, I -BK.HB* I.B* --B+ /%C&B B B B B B B B B B I B ))B, I.BH -JB) MK"U(%()'G1(")-:,7()"$DJ(1)()" 5S?&'."W)+D&,./$ $D/E7D$,.-($) $,7+1)) 3444K"IK"l"R44S?&'.?&J'&,+,-:"7(/EA:J. 6-)+C$@h:"+1&,&J$)1&"7(%E:"7(/EA:J. 8('$/7'&)-+,$)[ C$+,&@(,.)"H+B. ^"&C"($"4"1$" ^"&C"(D%MSN3 E%Y3M%$(&[>#%:XC"W b[m#%:xc" 8"1"V>9N34#,&-+$1-.)"7(%( $9:#RV#%(4"1$RN34# ">$'&RD%$ &[>#%:XC"(3 %%&cs'#1" (/I()"%.7E-.A). ) - = J + K H IV I II III IV dm9'#?(eurostatw(mfpe(l.)b(3(.-b("#v%ow(thomson Financial Datastream(L.=B("#V%OW(PUb(">&Sf##W(1"$(C"V$'X'#(3Q(Eurostat(D"'#%4(LJB.B($"D"g"$()B('"C3V"$(+B("#V%(3(JB.B($"D"g"$ -B('"C3V"$(KB("#V%OW(3(PUb(">&Sf##(LJB.B($"D"g"$(-B('"C3V"$(HB("#V%OB.O d''#%:"$(3q(:%r4(%3&9b )O Brent Blend(L>#%YRD%#(>S:(M#%"(4S%T"OB -O ^QXM9N"4R$(S1"$W(C"V$'9'#%$(3Q(%$"$1"\9'#%4(D"'#%4B =O ),,,B(Y"DRB JO ^"&C"$>S1"($'3D"$(#Q4"1$"$(M#$R('"3'$"#4#%:XCRW(#Q\%49'(V"31$"#4#%:XC3W(M"V$'$(>R&M"VD#W(#QYVX'XC3W(M%$%VXC3(3(:#'3&(%1V"$#2#:S'3$(>"1"V>9N343$B(^"'3(>R&1VRN34$("'Tf#&"$W 'R>S:(194>9%'#(%"'C#V$'(19>$344"#B S 43

127 5.1. SPCI, pārējās cenas un izmaksas L$"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oW(N"("M(9&RDX'$(:#'RD#r($%Q9RV#(#QVXDQ#R'#(D"'#O NK"T$+,E()"7(%()'G1("$DJ(1)()2"(-/E7DE("C$+,(J",&7(%$,.-(A(J":,"7(%("%(jEI:J)?&'."W$,7+1)) 3444K"IK"l"R44S _"31$"#4#%:XC"W 4%D#%:XC"W 4%a$"#4#%:XC"(3 QM%N#%:XC" E%Y3M%$(&[>#%:XC"W ">$'&RD%$ &[>#%:XC"(3 %%&cs'#1" #1&,&J$)1&"7(%E:"7(/EA:J. b[m#%:xc" `#&DQ#%:XC"W &%49'$W(M#%$X:"$ 3(&%$'9&R#W '&"$>9&'$(3 $"1"&#?&'."W$,7+1)) 3444K"IK"l"R44S?&'. #1)'&%-) "MS ;J'&%-) "MS!9>R 8&#MR'"#$(>"'S&#\T Z"VDXC"$(>"'S&#\T!9>SNR >"4"'1">#'RV" M%#D9T"". ) - = J + K H dm9'#?(pub(">&sf##w(1"$(c"v$'x'#(3q(eurostat(d"'#%4b.o d'vxdqxc"(l2"1'#$1"nr$(:%r$o(m#%"4(9d"&c#r'"n"4("''#%:xcr(>&%'(>#%m#%9'9(ms&'xc3(l$"vxdq#r4"nr$(:%r$o(3q(m#%3(9d"&c#r'9(#%dqxm9'rn3b )O 8#%M#%9'R(MS&'XC"(L$"VXDQ#R4"NR$(:%R$O(3Q(M#%3(9D"&C#R'9(#%DQXM9'RN3B -O P1$>9&'"(3(#4>9&'"(D%2V"'9&#("''#%:"$(3Q(>&%:S4(3(>"1"V>9N34#%4(3(#%'M%&(>R&&9C%a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d'VXDQXC"(M#%"4(9D"&C#R'"N"4 ),,,.,,B, )BK )B. -B= )B+.BK )B= )BH ),,..,)B* )B* )B. )BK -B, )BK )BJ -B. ),,).,JBJ )BJ )B* )B= -B, )B+ )B. )BH ),,-.,HB, )B= -B. -B- -B- )B,.B+ )B- ),,- EEE.,HBJ )BJ )BK -B- -BJ.BJ.B) -B) EZ.,HBK )B) )BH -B- -B-.B+.BJ )B. ),,= E.,*BJ )B- I,B) -B* )BH.BJ.B, )BJ EE..,B. )B),BK -B,.BH.B..B) -B- EEE..,B..BJ =B) )B) )BJ.B=.B-,B* ^"&C"(&"aXY34$ 2) ),,,.,,B,.BJ,BH =B..BJ.BK I,B+.B, ),,..,,B-,B- I.BK,B- I,BJ.BH I.B.,B) ),,).,,B+,B- )BK.BK,B+,BH I.B+,B= ),,-.,.B,,B= I.B, )B- I.B= I,B.,B, I,BJ ),,- EEE.,.B.,B) I-B-.BK I.B= I,B),B) I,BJ EZ.,.BJ,BK I,B= -B) I.B. I,BJ I,B.,B. ),,= E.,)B..B- -BK -BH.B,,BH I,B*,BJ EE.,)B=.B* JB= JB+,B+.BH I,B.,B* EEE.,)BJ.B= KBJ =B. I,B).B= I,BH,B+ ),,..,)B= )B= )B) )B- )B= )B,.B=,BH ),,).,JB, )BJ )B) )B) )B..BH I,B= I.B+ ),,-.,KB) )B..B* )B, )B).B= I,B+ I.B- ),,=.,*B).BH )B,.BH.B+ )B+,BH.B. ),,- EZ.,KB* )B,.B+.B*.BK.B) I,BH I)B, ),,= E.,HBJ.B*.B+.BJ.BK.BH I.B. I)B) EE.,*B) )B. )B).B* )B, )BJ,B*.B. EEE.,*B=.BK.B* )B,,BH -B,.B* )BJ EZ.,*BH.BK )B).BH )B. -B..B+ -B, S 44

128 EURO ZONAS STATISTIKA Cenas, produkcijas izlaide, pieprasījums un darba tirgi 5.2.Produkcijas izlaide un pieprasījums 1. IKP un izdevumu posteņi Kopâ Iekðzemes pieprasîjums Ârçjâ bilance 1) Kopâ Privâtais patçriòð Valdîbas patçriòð IV I II III IV procentos no IKP Avots: Eurostat. 1) Eksports un imports aptver preces un pakalpojumus, ieskaitot pârrobeþu tirdzniecîbu euro zonas teritorijâ. Tie pilnîbâ neatbilst 7.3. sadaïas 1. tabulai. 2) Ieskaitot vçrtslietu iegâdi (izòemot realizâciju). IKP Kopçjâ pamatkapitâla veidoðana Pârmaiòas Kopâ 1) Eksports 1) Imports krâjumos 2) Faktiskajâs cenâs (mljrd. euro, sezonâli izlîdzinâti dati) Salîdzinâmajâs cenâs (mljrd. ekiju gada cenâs, sezonâli izlîdzinâti dati) pârmaiòas salîdzinâjumâ ar iepriekðçjo ceturksni; % 23 IV I II III IV pârmaiòas salîdzinâjumâ ar iepriekðçjo gadu; % IV I II III IV îpatsvars IKP gada procentuâlajâs pârmaiòâs (procentu punktos) IV I II III IV S 45

129 5.2. Produkcijas izlaide un pieprasījums 2. Pievienotâ vçrtîba ekonomiskâs darbîbas veidu dalîjumâ Kopçjâ pievienotâ vçrtîba (bâzes cenâs) Avots: Eurostat. 1) Netieði novçrtçto finanðu starpniecîbas pakalpojumu (NNFSP) izmantoðana tiek uzskatîta par starppatçriòu, kas netiek sadalîts pa nozarçm. NNFSP starppatçriņš 1) Produktu nodokļi mînus subsîdijas Kopâ Lauksaimniecîba, Ieguves Bûvniecîba Tirdzniecîba, Finanðu Valsts pârvalde, medniecîba, rûpniecîba, remonts, pakalpojumi, izglîtîba, veselîba meþsaimniecîba apstrâdes viesnîcas un operâcijas ar un pârçjie un zvejniecîba rûpniecîba un restorâni, nekustamo pakalpojumi enerìçtika transports un îpaðumu, noma sakari un cita komercdarbîba Faktiskajâs cenâs (mljrd. euro, sezonâli izlîdzinâti dati) IV I II III IV pievienotâ vçrtîba; % Salîdzinâmajâs cenâs (mljrd. ekiju gada cenâs, sezonâli izlîdzinâti dati) pârmaiòas salîdzinâjumâ ar iepriekðçjo ceturksni; % 23 IV I II III IV pârmaiòas salîdzinâjumâ ar iepriekðçjo gadu; % IV I II III IV îpatsvars pievienotâs vçrtîbas gada procentuâlajâs pârmaiòâs (procentu punktos) IV I II III IV S 46

130 EURO ZONAS STATISTIKA Cenas, produkcijas izlaide, pieprasījums un darba tirgi 5.2. Produkcijas izlaide un pieprasījums (pârmaiòas salîdzinâjumâ ar iepriekðçjâ gada atbilstoðo periodu (ja nav norâdîts citâdi); %) 3. Rūpnieciskâ ražošana Kopâ Rūpniecîba, izņemot būvniecîbu Būvniecîba Apstrâdes rūpniecîba Kopâ Kopâ Rûpniecîba, izòemot bûvniecîbu un enerìçtiku Enerìçtika (s.i. indekss 2. g. = Kopâ Starppatçriòa Kapitâlpreces Patçriòa preces 1) preces Kopâ Ilglietojuma Īslaicîga lietojuma Īpatsvars; % 1) I II III IV Jûl Aug Sept Okt Nov Dec pârmaiòas salîdzinâjumâ ar iepriekðçjo mçnesi (%; s.i.) 24 Jûl Aug Sept Okt Nov Dec Rūpniecîbas jaunie pasūtîjumi un apgrozîjums, mazumtirdzniecîba un reìistrçtie vieglie automobiļi Rūpniecîbas jaunie pasūtîjumi Rūpniecîbas apgrozîjums Apstrâdes rûpniecîba 2) Apstrâdes rûpniecîba Faktiskajâs cenâs Kopâ (s.i. indekss 2. g. = 1) Kopâ Kopâ (s.i. indekss 2. g. = 1) Kopâ Kopâ Kopâ (s.i. indekss 2. g. = 1) Mazumtirdzniecîba Salîdzinâmajâs cenâs Kopâ Pârtikas preces, alkoholiskie dzçrieni, tabakas izstrâdâjumi Nepârtikas preces Tekstilizstrâdâjumicîbas ierîces Mâjsaimnie- apìçrbs, apavi Avoti: Eurostat, izòemot 5.2. sadaïas 4. tabulas 12. un 13. aili ( aprçíini, balstoties uz Eiropas Automobiïu raþotâju asociâcijas (ACEA) datiem). 1) 2. gadâ. 2) Ietver apstrâdes rûpniecîbas nozares, kur raþoðanu galvenokârt nodroðina pasûtîjumi; 2. gadâ to îpatsvars visâ rûpniecîbâ bija 62.6%. 3) Gada un ceturkðòu râdîtâji ir attiecîgâ perioda vidçjie mçneða râdîtâji. Reìistrçtie jaunie vieglie automobiļi Kopâ (s.i. dati, tûkst. 3) Īpatsvars; % 1) I II III IV Aug Sept Okt Nov Dec Janv pârmaiòas salîdzinâjumâ ar iepriekðçjo mçnesi (%; s.i.) 24 Aug Sept Okt Nov Dec Janv Kopâ S 47

131 5.2.Produkcijas izlaide un pieprasījums L>&9:%'3($'"&>XC"W(.O (N"("M(9&RDX'$(:#'RD#r($%Q9RV#(#QVXDQ#R'#(D"'#O 5K"dD>GJ:J:":,"'(-G%G-.A:"(')+1&A:J$ #1&,&J$)1.,&)1(>&A:J( %.7E-.A) "3S W$/I-+%J$>( C$7GA($) %.7E-.A)"l"R44S!9>R (JO 6')-%.7+)"%a',$+HE( e"a9'rn3(192#d%:%$(&rdx'rn$ 8"$['XN34# 6"'"M9(>&%u3 1&RN34# e"a9t""$ >&9Y9Q%$ n"3d3 #Q4"'9T"" (=O LoO!9>R (JO 8(-G%G-.A:"1&,F$7+,H+)"%.7E-.A) "MS /#"$#RVR P1994#$1R $#'3R:#N" $#'3R:#N" '3&>4R1"N9$ '3&>4R1"N9$.)(4S%T9$.)(4S%T9$ b%qd"&c" ]Q1&RN34# $#'3R:#N" '3&>4R1"N9$ '3&>4R1"N9$.)(4S%T9$.)(4S%T9$. ) - = J + K H *.,.. ),,..,,B* I* I.J.-. (H)BH IJ ) I*.= ) ),,) *=B= I.. I)J.. - H.B- I.. I. I.) )+ I- ),,- *-BJ I., I)J., - H.B. I.H IJ I). -H I* ),,=.,,B, IJ I.J H., H.BK I.= I= I.= -, IH ),,- EZ *KB+ IH I)) * H H.B- I.+ IJ I.K -= I* ),,= E *HB+ IK I)..,., H.B. I.= I= I.- -, I* EE **B* IJ I.K H., H.B+ I.= I- I.J -) IH EEE.,,B+ I= I.) K * H)B. I.= I= I.= )* IH EZ.,,B* I- I.) H., H)B. I.- I- I.- )* I+ ),,= F%>'B.,,B* I- I.) H.. I I.- I- I.) )H IK l1'b.,.bj I- I.. K (.. H)B. I.- I= I.- )* IH G9MB.,,B* I- I.) H., I I.- I= I.= )* IJ ^%:B.,,B) I= I.) * * I I.- I- I.- )* I+ ),,J n"mb.,,bh IJ I.. * K (H)B, I.- I- I.- )H IK /%C&B *HBH IK I.J., + I I.- I) I.- -, IH ]ac,$+he()"1&,f$7+,h+)"%.7e-.a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l1'b I.= I)- IJ IK I.-.= K.) *.).K G9MB I.= I), IK I., I.K.) I... H H.K ^%:B I.- I). I+ IK I.).) ) (., H H.= ),,J n"mb I.- I.* IK I+ IH....-.) *.H /%C&B I.= I.H I., IH I.=.) )., + (+.H dm9'$?(p#&9>"$(!94#$#n"(lp1994#1"$(3(2#"t3(v#%'3(c%%&rvd#&%1'9&r'$ob.o F'"&>XC"($'"&>(>9Q#'XM"$(3(%Y"'XM"$("'C#VD%$($#%Y3T9(&%$>9D%'3(X>"'$M"&3B )O P1994#$1R(9$1"\9N34"(&RDX'RN$(M%#D9N"$(9(&"a9'RN3W(>"1"V>9N343W(>"'S&S'RN3W(C[M#%:XC"$(3(4"Q34'#&DQ#%:XC"$(192#D%:%$(&RDX'RN#%4r(&"a9'RN3(192#D%:%$(&RDX'RN" X>"'$M"&$( #&( =,ow( >"1"V>9N343( 192#D%:%$( &RDX'RN"( X>"'$M"&$( #&( -,ow( >"'S&S'RN3( 192#D%:%$( &RDX'RN"( X>"'$M"&$( #&( ),ow( 3( D#M3( >R&SN9( &RDX'RN3( X>"'$M"&$( #&( 1"'&"4( JoB P1994#$1R(9$1"\9N34"(&RDX'RN"(MS&'XC"(M#&$(LQ%4O(.,,(9&RD"(3Q(%1994#$19(9$1"\9N343(M#&$(LQ%4O(M#DSNR(VX4%\"(L">&Sf#R'$(>"&(>%&#9D3(9(.*HJB(Y"D"(N"MR&"OB -O F"1"&R("&(/&":#N"$(">$%19N34"("1%'"$(>R&4"#\R4W($R19'(9(),,=B(Y"D"(N"MR&"W(%3&9(Q9"$(&%Q3V'R'#("M(>#VXCR($"VXDQ#R4#("&(#%>&#%1TSN#%4(&%Q3V'R'#%4B =O ^"'#('#%1(MR1'#(1"'&3(Y"D3(N"MR&XW(">&XVXW(N[V#NR(3(91'9C&XB(]Q&RDX'#%(:%'3&1T\"(D"'#(#&(D#M3($%19N9T3(">$%19N343(M#DSN#%(&RDX'RN#B(6"D"(D"'#(M%#D9N"$(9(:%'3&1T\"(M#DSN#%4 &RDX'RN#%4B JO!92#D%:%$(&RDX'RN#('#%1(">&Sf#R'#(1R(3Q&RDX'9(194>9%'3(>"&"$'#%(M#DSN#%(&RDX'RN#r(1&RN343(L=B(3(.KB("#V%O(3(C%QD"&C"(L.,B("#V%O(9MS&'SN34$('#%1(V#%'9'$("&(>&%'SN3(QX4#W(V"# ">&Sf#R'3(192#D%:%$(&RDX'RN3$B S 48

132 EURO ZONAS STATISTIKA Cenas, produkcijas izlaide, pieprasījums un darba tirgi 5.3. Darba tirgus 1) (salîdzinâjumâ ar iepriekðçjâ gada atbilstoðo periodu; %, ja nav norâdîts citâdi) 1. Nodarbinâtîba Tautsaimniecîbâ pavisam Pçc nodarbinâtîbas statusa Pçc ekonomiskâs darbîbas veida Milj. (s.i. dati) Darba òçmçji Paðnodarbinâtie Lauksaimniecîba, medniecîba, meþsaimniecîba un zvejniecîba Ieguves rûpniecîba, apstrâdes rûpniecîba un enerìçtika Bûvniecîba Tirdzniecîba, remonts, viesnîcas un restorâni, transports un sakari Finanðu pakalpojumi, operâcijas ar nekustamo îpaðumu, noma un cita komercdarbîba Valsts pârvalde, izglîtîba, veselîba un pârçjie pakalpojumi Īpatsvars (%) 2) III IV I II III pârmaiòas salîdzinâjumâ ar iepriekðçjo ceturksni (s.i. dati) 23 III IV I II III Bezdarbs (sezonâli izlîdzinâti dati) Kopâ Pçc vecuma 3) Pçc dzimuma 4) Milj. No darbaspçka; % Pieauguðie Jaunieði Vîrieði Sievietes Milj. No darbaspçka; % Milj. No darbaspçka; % Milj. No darbaspçka; % Milj. No darbaspçka; % Īpatsvars; (%) 2) IV I II III IV Jûl Aug Sept Okt Nov Dec Avoti: aprçíini, balstoties uz Eurostat datiem (5.3. sadaïas 1. tabulâ), un Eurostat (5.3. sadaïas 2. tabula). 1) Nodarbinâtîbas dati attiecas uz fiziskajâm personâm un balstâs uz ESA 95. Bezdarba dati attiecas uz fiziskajâm personâm, un tiem piemçrotas SDO rekomendâcijas. 2) Nodarbinâtîba 23. gadâ; bezdarbs 24. gadâ. 3) Pieauguðie vecumâ no 25 gadiem; jaunieði jaunâki par 25 gadiem; îpatsvars izteikts procentos no darbaspçka attiecîgâ vecuma grupâ. 4) Īpatsvars izteikts procentos no darbaspçka attiecîgâ dzimuma grupâ. S 49

133 6 VALSTS FINANSES 6.1. Ieņēmumi, izdevumi un deficīts/pārpalikums 1) L>&9:%'9$(9(E!8O RK"#:%&"D&,("k"$+>GJ:J$?&'.?.%-GA$+"$+>GJ:J$?('$-./("$+>GJ:J$ 8('$/7_ '&)-+,$)[ `#%T#% 9D91g# G%'#%T#% 9D91g# F9:#RVR$ #%4"1$"$ F$)1./($) )/&I) "3S 5RN$"#4I #%:XC3 F"C#%D&XC3 PF(#$'#'[:#N3 $"\%4'#% 8R&D9I T""$ #%\S434# #%$1"#'9'(T9$(#%\S4343$W(#&(,B.o(9(E!8OB(E%1g"3'#(3(19$9V#DS'#(P!(C3Da%'"(#%'M"&9$(M%#1'#%(D"&XN34#B(^"&XN34#($'"&>(D"VXCM"V$'3(M"VDXCR4("M(19$9V#DS'#B )O /#$1RV"#$($V9Y$(#%'M%&(9D91g3$(3($9:#RVR$(#%4"1$"$B -O (E%'M%&(M#$3$(#QD%M343$(4X3$(>&9:%'3(4"1$RN343$B =O d'c#v$'(m"vdxc"$(y"v">"'s&#\"(#qd%m34#%4(l8b-o("'c#v$'9t#(pfd(*jb JO E%'M%&9'(#%\S4343$(9(]5`F(V#:%u3(>R&D9T""$B ^"&C" D%MSN# ^"&C" \S4SN#!">#'RV" 9D91g#. ) - = J + K H *.,...).-.=.**J =+B* =+B=..BJ *B. )B,.-B-,B*.KB- HB= JBJ )B=,B=,B- =)B=.**+ =KB+ =KB-..B* *B) )B-.-B=,BH.KBJ HBK JB+ )B=,B=,B- =-B..**K =KB* =KB=.)B. *B) )B+.-B+,BK.KBJ HBK JBJ )B=,BJ,B= =-B+.**H =KB- =KB,.)B= *BK )B-.=B),BK.+B= HBJ =B* )B=,B-,B- =-B-.*** =KBH =KBJ.)BH *BH )B+.=B=,B+.+B= HB= JB, )B-,B-,B- =-BH ),,, =KBJ =KB).-B,.,B, )BK.=B),B+.+B) HB= =B* )B-,B-,B- =-B+ ),,. =+BH =+B+.)B+ *BH )BJ.-B*,B+.+B, HB= =BH )B),B-,B- =)BH ),,) =+B- =JB*.)B) *B+ )B-.-BH,B=.+B, HB= =BK )B-,B-,B- =)B- ),,- =+B- =JBK..BH *B- )B).-B*,B=.+B) HBJ =BH )B-,BK,BJ =)B= 3K"#:%&"D&,("k"$D7+C:J$?&'.?.%-GA$+"$D7+C:J$ ;D7+C:J$"1('$-./$+I:/7EA:J$+J 8('$/7_ '&)-+,$)[!9>R F'"&>I >"'S&#\T EM%$I 'X:#N"$!">#'RV#% #QD%M34# '%$J.%$+ $D7+C:J$ "MS d'vxdqxc" 9D"&C#I R'"N#%4 8&9I :%'3 4"1$RI N34#!R&'SN#% >R&M%I D34# F9:#RV#% 4"1$RN34#. ) - = J + K H *.,...).- (.=.**J J)B, =KB+..B) =BH JBH )JB* ))BK )B-,B+ =B= )BK.BK,B. =+B).**+ J)B, =HB...B) =BH JBH )+B- )-B) )B-,B+ -B* )B+.B-,B, =+B).**K J,B+ =+B*..B. =BK JB) )+B, )-B. )B.,B+ -B+ )B=.B),B. =JB=.**H =*B+ =JBH.,BK =B+ =BH )JBK ))B+ )B.,B+ -BH )BJ.B-,B. ==BH.*** =*B. =JB).,BK =BK =B- )JB+ ))BJ )B.,BJ -B* )BJ.B=,B. ==BH ),,, =HBJ ==B+.,B+ =BK =B. )JB- ))B).B*,BJ -B* )BJ.B-,B. ==B= ),,. =HB+ ==B+.,BJ =BH =B, )JB- ))B-.B*,BJ =B, )B+.B=,B, ==B+ ),,) =HBK ==B*.,B+ =B* -BK )JB+ ))BH.B*,BJ -BH )BJ.B-,B, =JB, ),,- =*B. =JB).,BK =B* -BJ )+B, )-B..BH,BJ -B* )B+.B-,B. =JB+ F3C$XI D#N"$ PF(#$'#'[I :#N3(M%#1'#% 4"1$RN34# MK"#:%&"D&,("k"7+F$HE-)m'.%'(/$1:J)2"'%$J.%($)"7+F$HE-)m'.%'(/$1:J)":,"C(/7E()"'(-G%$>@ U+F$HE-)"W_Sm'.%'(/$1:J)"WqS!9>R U%'&RVR M"VDXC" 8"M"V$'$ M"VDXC" Z#%'SNR M"VDXC" 9D&9T#I F9:#RVR$ RT""$ 29D# NK"#:%&"D&,("k"7+F$HE-)"W_Sm'.%'(/$1:J)"WqS" 5S 8%$J.%($) 7+F$HE-)W_Sm '.%_ '(/$1:J) WqS!9>R d'vxdqxc" 9D"&C#RI '"N#%4 T(/7E()"'(-G%$>@" NS F'"&>I 8R&M%D34# >"'S&#\T "'[&R("&('#&I Y3$(&"a9'RN3 $'"&>#%:XC3 PF(#$'#'[I :#N3(M%#1'#% 4"1$RN34# F"C#%DI &#$1"#$ >"'S&#\T ED#M#D3RV"#$ >"'S&#\T ]# U# L\ #= <\ ;# ;9 ^d `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

134 EURO ZONAS STATISTIKA Valsts finanses 6.2. Parāds 1) (procentos no IKP) 9:%G-.A$ 59S'"$(3 9Y3VDXN34# d#qd%m34# j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k"+J$-+,-(2"-+%J$>(":,"C(/a-()"7+,&J$,.H$A()"7(/EA:J.?&'. #J$-+,-) "NS =.1&-,GA($)"-+%J$>@ 6-/$1:@($)"-+%J$>@ T(/a-() U%'&RVR M"VDXC" 8"M"V$'$ M"VDXC" Z#%'SNR M"VDXC" F9:#RVR$ 9D&9T#I RT""$ 29D# _XDQ.(Y"D"4 EVYR1(>"&.(Y"D3 5"#XYR >&9:%'3 V#14% _XDQ.(Y"D"4.q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d `^ <;. ) - = J + K H *.,...) ),,,.,*B. +,B)..=B, +.B. J+BH -HB-...B) JBJ JJB* +JBH J-B- ==B+ ),,..,HB, J*B=..=BK JKBJ J+BJ -JB*..,B+ JBJ J)B* ++B. JJBH =-BH ),,).,JB= +,B*..)BJ J=B= JHBH -)BK.,KB* JBK J)B+ +JBK JHB= =)B+ ),,-.,,B, +=B).,*B* J,BK +-BK -)B..,+B) JB- J=B. +=BJ +,B- =JB+ dm9'#?(pub(q(">19>9'"n#%4(%3&9(q9"$(d"'#%4r(p#&9>"$(!94#$#n"(q("&(m"v$'$(>"&rd3($"#$'x'"n#%4(d"'#%4b.o Z"VDXC"$(19>SN"#$(>"&RD$(94#RVMS&'XCRW("&(19$9V#DS'#%4(M"VDXC"$(">"1T$%1'9&#%4B(G%&%Q#D%'3(M"VDXC3('3&SN34#("M(19$9V#DS'#B(^"g"(D"'3(#%Y['#(">&Sf#"(:%gRB )O `3&S'RN#(q('R$(M"V$'$(&%Q#D%'#W(13&"$(M"VDXC"(3Q\S43$#%$(>"&RD"($"#$'XC"$B -O E%'M%&(%3&9(Q9"$(&%Q#D%'3$W(#Q\%49'('R$(M"V$'$(&%Q#D%'3$W(13&"$(M"VDXC"(3Q\S43$#%$(>"&RD"($"#$'XC"$B =O EQ\%49'(M"VDXC"$(>"&RD3W(1R('3&S'RN$(#&("''#%:XYR$(M"V$'$(M"VDXC"B JO 8#&4$(.***B(Y"D"(T%#'(#%1g"3'#(>"&RD"(D"'#(%1#N9$W(M#%'SNR(M"V['R(3('9(>R&SN9(D"VXCM"V$'3(M"V['R$W(13&"$(#%M#%$3T"$(%3&9B S 51

135 6.3. Parāda pārmaiņas 1) (procentos no IKP) RK 8.%J($>:"HG/&,$) 9:%G-.A$ d#q\%4t"r$ %>#%:#%T"I 4XC" ()O 8R&MS&'SI U#'"$ T""$ ">N94" #%'%14% (-O >R&4"#\"$ (=O d>$'&rd%$ 59S'"$(3 #%'%14% (JO 9Y3VDXN34# d#qd%m34# j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k"7+F$HE-(_'(%.7("1&%+1H$A( 8(%.7( '.%_ J($>() U+F$HE-)"W_Sm '.%'(/$_ 1:J)"WqS "XS U+F$HE-(_'(%.7("1&%+1H$A(""gS!9>R ^"&XN34#("&(Y"VM%"N#%4(2#"T3("1'XM#%4W(1"$(#&(M"VDXC"$(X>"T34R 8R&MS&'SI T""$ #%'%14%!9>R G"3D"(3 9Y3VDXN34# 8"&RD" MS&'$I >">X&#(..O d#qd%i d1:#n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dm9'$?(pubb.o ^"g"(d"'3(#%y['#(">&sf#"(:%grb(6"d"(>r&4"#\"$(m"vdxc"$(19>snr(94#rv"nr(19$9v#ds'"nr(>"&rdr(#q'%#1'"$(1r(>&9:%'#(9(e!8w('b#bw( >"&RD$(L'O(q(>"&RD$(L'I.O}(~(E!8(L'OB )O F"$1"\R("&(D%2#X:#N3("#Q\%4T"R$(%>#%:#%T"4XC"(#&(M#%RD"("&(>"&RD"(D"&XN34#%4B -O 8">#VD3$(R&M"V$'3(M"V['"$(4"#\"$(>R&4"#\3(#%'%14%#(#%'M%&("&X(>R&4"#\"$W(1"$(&9D"$W(9$"19'(D"'3$(94#RVMS&'XCR(L>#%4S&"4W(>&S4#N"$(M"#(D#$19'"(V#14%$(%4#'S'"N#%4(>"&RD" MS&'$>">X&#%4OB =O n9(x>"t#(#%'m%&(>r&4"#\3(#%'%14#w(1"$(&9d"$(#$'#'3:#9rv3(m#%xc3(>r&1v"$#2#:st""$(3(9'%#1'3(m%#d3(>"&rd"(>r&\%4t""$(&%q3v'r'rb JO F'"&>XC"($'"&>(19>SNR(>"&RD"(>R&4"#\R4W(1"$(M%#D9N"$W($344SN9'(M"V$'3(>"&RD3W(3(M"V$'3(>"&RD"(>R&4"#\3($3443(>#&4$(.***B(Y"D"(#Q4"'9'9(M"V['"$(13&$3($MR&$'XC3(DSgB +O `3&S'RN#(q('R$(M"V$'$(&%Q#D%'#W(13&"$(M"VDXC"(3Q\S43$#%$(>"&RD"($"#$'XC"$B KO E%'M%&(%3&9(Q9"$(&%Q#D%'3$W(#Q\%49'('R$(M"V$'$(&%Q#D%'3$W(13&"$(M"VDXC"(3Q\S43$#%$(>"&RD"($"#$'XC"$B HO E%'M%&9'(#%\S4343$(9(]5`F(V#:%u3(>R&D9T""$B *O F'"&>XC"($'"&>(Y"D"(>R&4"#\R4(19>SNR(94#RVR(19$9V#DS'R(>"&RD"(">N94R(3(D%2#:X'3(L#Q'%#1'3(>&9:%'9$(9(E!8OB.,O G%#%'M%&("'M"$#R'9$(2#"T3(#$'&34%'3$B..O 6"VM%91R&'('#%1(M%#D9'#(9(D"&XN34#%4("&(>R&SN#%4("1'XM#%4(3($"#$'XCR4(L'#&DQ#%:XC"$(1&%DX'#W(:#'#(D%C#'9&3@1&%D#'9&3(>"&RD#(3("'M"$#R'#%(2#"T3(#$'&34%'#OB S 52

136 EURO ZONAS STATISTIKA Valsts finanses 6.4. Ceturkšņa ieņēmumi, izdevumi un deficīts/pārpalikums 1) L>&9:%'9$(9(E!8O 8('$/7_ '&)-+,$)[ `#%T#% 9D91g# G%'#%T#% 9D91g# F9:#RVR$ #%4"1$"$ 8R&D9T""$ #%\S434# j>"t34" #%\S434#!">#'RV" 9D91g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k"H+-:%1@>("$D7+C:J$":,"7+F$HE-)m'.%'(/$1:J)?&'.?.%-GA$+"$D7+C:J$ ;D7+C:J$"1('$-./$+I:/7EA:J$+J U+F$HE-)"W_Sm '.%'(/$1:J)!9>R WqS d'vxdqxc" 9D"&C#I R'"N#%4 F'"&>I >"'S&#\T 8&9I :%'3 4"1$RI N34#!R&'SN#% >R&M%I D34# F9:#RV#% 4"1$RN34# F3C$XI D#N"$ EM%$I 'X:#N"$!">#'RV#% #QD%M34# 8%$J.%($) 7+F$HE-)"W_Sm '.%'(/$1:J) WqS. ) - = J + K H *.,.. (.).-.*** E =KBK ==BJ.,BJ =B- =BK )JB, ).BH.B- -B-.B*.B- I-B+.B, EE =KB* ==B-.,B+ =BJ =B- )=BH ).B+.BJ -B+ )B=.B),B= =BK EEE =KBK ==B..,B- =BJ =B) )JB. ).B+.B+ -BK )BJ.B. I)BJ.B+ EZ J.BK =+B*..B) JB- -B* )+BJ ))B*.BK =BH -B..BK,B- =B) ),,, E =+B+ =-B-.,B- =B= =B- )=B) ).B).B) -B- )B,.B= I)B+.BK EE =KB. =-B+.,BJ =B+ =B, )=BJ ).B-.B= -B= )B=.B..B) JB) EEE =-BK =-B=.,B) =BJ =B. )=BJ ).B=.BJ,B- )BJ.B..B) JB- EZ J,BH =+B*..B) JB- -B* )+BJ ))BK.B+ -B* -B).BJ,B= =B- ),,. E =JB* =)BJ.,B) =B. =B. )=B. ).B).B) -B- )B,.B= I)B*.B) EE =KB. =-B+.,BJ =BK =B, )=BJ ).B-.B= -B= )B=.B.,B+ =B+ EEE =KB. =-B-.,B) =B+ =B, )=B+ ).BJ.BJ -BK )BJ.B) I)BK.B- EZ J)BJ =KB=..B- JB+ -BH )+BK )-B,.B+ JB. -B).BH I.BH.B* ),,) E =+BJ =-B,.,BJ =B) -BH )=B+ ).B+.B) -B= )B,.B= I-BH,B, EE =KB+ ==B..,BJ =B* -BK )=B* ).BK.B- -BJ )B=.B. I.B. )B+ EEE =KBK ==B,.,B) =BK -BK )JB= ).B*.B= -BK )B+.B. I-B),BJ EZ J)B) =KBK..B- JBK -BJ )KB) )-BJ.BJ =BJ )BH.B+ I.BJ )B, ),,- E =KB. =-B+.,BJ =B- -BK )JB. ))B,.B. -BJ )B,.BJ I=BJ I,BH EE =HB- ==BH.,BK =BH -BJ )JBH ))B=.B= -BJ )B=.B. I.B. )B= EEE =KB* ==B-.,B= =BH -B= )JB+ ))B).B= -B+ )B+.B, I=B, I,BJ EZ J)BJ =KBK..B- JBH -B- )KB= )-BH.BJ =BH -B-.BJ I.BJ.BH ),,= E =+B+ =-B-.,B= =B- -B= )JB) ).B*.B. -B- )B..B- I=B= I.B. EE =KB= ==B,.,B+ =BH -B- )JB= ))B..B- -B= )B=,B* I.BH.BJ EEE =KB, =-B+.,B. =B+ -B= )JBJ ))B..B- -B= )BJ,B* I-B= I,B. dm9'#?(pub(">&sf##w(c"v$'9'#%$(3q(eurostat(3(m"v$'3(d"'#%4b.o E%\S434#W(#QD%M34#(3(D%2#:X'$@>R&>"V#134$(C"V$'X'#(3Q(PFd(*JB(G"M(#%1g"3'#(P!(C3Da%'"(#%'M"&9$(M%#1'#%(D"&XN34#B(E%1g"3N9'(T9$(D"&XN343$W(Y"(#%\S434#W(Y"(#QD%M34# >#%"3Y'3(M#DSN#(>"&(,B)o(9(E!8B(U#'RD#W(#Q\%49'("'Tf#&XY3$(D"'3(9$['XT""$('%&4#\3$W(D"'#("'C#V$'(Y"D"(D"'#%4B(^"'#("M($%Q9RV#(#QVXDQ#R'#B )O /#$1RV"#$($V9Y$(#%'M%&(9D91g3$(3($9:#RVR$(#%4"1$"$B 24. gada marts S 53

137 7 ĀRĒJIE DARĪJUMI UN POSTEŅI 7.1. Maksājumu bilance (mljrd. euro; neto darîjumi) 1. Maksâjumu bilances kopsavilkums Tekošais konts Kopâ Preces Pakalpojumi Ienâkumi Kapitâla Neto konts aizdevumi pârçjâm pasaules valstîm/neto aizņçmumi no pârçjâm pasaules valstîm ( aile) Finanšu konts IV I II III IV Dec Janv Febr Marts Apr Maijs Jûn Jûl Aug Sept Okt Nov Dec mçneðu darîjumu summa Kopâ Tieðâs investîcijas Kârtçjie pârvedumi Portfeïieguldîjumi Atvasinâtie finanðu instrumenti Citi ieguldîjumi Rezerves aktîvi 24 Dec A26. Maksājumu bilances tekošais konts (mljrd. euro) A27. Maksājumu bilance. Tiešās investīcijas un portfeļieguldījumi (mljrd. euro) Novirze 8 ceturkðòa darîjumi 12 mçneðu darîjumu summa 8 2 tieðâs investîcijas (ceturkðòa darîjumi) portfeïieguldîjumi (ceturkðòa darîjumi) tieðâs investîcijas (12 mçneðu darîjumu summa) portfeïieguldîjumi (12 mçneðu darîjumu summa) Avots:. S 54

138 EURO ZONAS STATISTIKA Ārējie darījumi un posteņi 7.1. Maksājumu bilance L4VN&DB(%3&9r(D"&XN34#) 8&%:%$ 8"1"V>9N34# E%R134#!R&'SN#%(>R&M%D34#!&%DX'$ ^%C%'$ F"VD9!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$. ) - = J + K H *.,...).- ),,).(K).BJ.(++-B+ JKBH.(,+)B* *-=B, ---BJ -.KBJ )-*B+ )KHB. HJB=.--B*.*B) *B, ),,-.(+KKBJ.(+JJBK ).BH.(,=,B) *-=B* -)HBH -..B, ))KB+ )K)BJ H,BH.-KB- )-B-.,B. ),,=.(H,,B,.(KJHBJ =.B+.(.-.B..(,)JB- -==B* -)-B= )=-B. )KJB- H,B*.-=BJ ).B+ JB* ),,- EZ =-=B- =.HB=.JB* )K)B. )=)B) HJB, K*B* JKB* +=B).*B- -)B, *B-.B* ),,= E =-,B) =.+BJ.-B+ )+JB* )-KB- K+B, KJB* J+B+ +=BK -.BK -HBK JB..B+ EE =J=B) ==HB= JBH )HJBK )J=B) HHBH K*B) +=B) H-B..JBJ -.B* JB-.B- EEE ==HBH =-HB* *B* )H,BJ )JJB* *=B+ H+BJ JKB* +-B,.JB* --BJ JB+.BJ EZ =++BH =J=B+.)B) )**B, )KHB, HJBJ H.BK +=B= +=BJ.KB* -,B= JB+.B+ ),,= l1'b.j)b..j,b*.b).,,b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d>&b.j,bj.=)b- HB) *-B* H)B= )HB* )KB, ).B, )=B, +B+ HB* B B 5"#N$.J.B-.=+BJ =BK *JB* H=BJ )*B* )KB-.HBK )-B. +BH..BK B B n[b.j.bj.=*b. )B= *=B* HJBH )*B- )KB= ),B. )=B- KB)..B+ B B n[vb.=*b+.=kb- )B- *=B+ H+B* )HB+ )KB, ),B) ).B* +B...BJ B B d3yb.j.bk.=*bh.b* *JB. H*BK )*B= )+BH ),B. ).B+ KB...BH B B F%>'B.J,BH.J.B= I,BJ *=B. HHB* )*BK )KBK ),B- )-B= +BK..B= B B l1'b.j.b+.j,b-.b= *JBH *,B. )HB+ )+BJ ),BH )-B, +BJ.,B+ B B G9MB.J,BJ.=HBH.BK *JBJ H*B* )KBH )+BJ ),BH ))B, +B=.,B= B B ^%:B.J-B-.J,B+ )BK *HB, *.B, )KBH )KB. ),B+ ))B- KB,.,B- B B A28. Maksājumu bilance. Preces L4VN&DB(%3&9W($%Q9RV#(#QVXDQ#R'#(D"'#r(-(4S%T3(4"#XY#%(M#DSN#%(&RDX'RN#O A29. Maksājumu bilance. Pakalpojumi L4VN&DB(%3&9W($%Q9RV#(#QVXDQ#R'#(D"'#r(-(4S%T3(4"#XY#%(M#DSN#%(&RDX'RN#) 1 eksports (kredîts) imports (debets) 1 3 eksports (kredîts) imports (debets) Avots:. 24. gada marts S 55

139 7.1. Maksājumu bilance L4VN&DB(%3&9r(D"&XN34#) MK";+,.1:J$ (darîjumi) 6-/E7DE(,&7(%$,.-(A$+J ;+I:/7EA:J:"$+,.1:J$!9>R `#%TR$(#M%$'X:#N"$ 89&'2%g#%Y3VDXN34# U#'#(#%Y3VDXN34# 8"T3(1">#'RV$ 5"1$"(>"&(>"&RD3 8"T3(1">#'RV$ 5"1$"(>"&(>"&RD3!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$!&%DX'$ ^%C%'$. ) - = J + K H *.,...).-.= ),,..=BK +B, )J+B, )*KB- =-B= -HBH.,B=.,B..HB, =JB. +KB. K)B,..KB..-.BJ ),,).=BH +B) ))=BH )K.B* =KB) =HBK HB) KB..*BH J)B- ++B) K,B= H-B= *-B= ),,-.=BK +B) ).)B* )++B) =HB* J-B=.,B+ *BK.*B, =*BH +=BK KKB= +*BH K+B, ),,- EEE -BK.BK J.B+ +-B+..BK.=B= )B=.BH =B+.,B-.+BK ),BJ.+B..+B+ EZ -B*.B+ J=B. +)B+.-BK.-B, -B. -B) =BK *BK.+BH.KB).JBH.*B+ ),,= E -BK.B- J-B, +-B-.)B,.)B+ -B. )B= =BK *B=.+B* ).B=.+B).KB+ EE -BK.B+ +,BJ H.BJ.HB,.KB= -B, )BJ HBJ )+BJ.JB*.KBK.JB..KB- EEE -BH.BH J=B. +.B-.=B..-B. )B+ )B- +BH.)BH.+B,.KB,.=BJ.+B. NK"9$+@.)"$,C+)-EH$A() (neto darîjumi) \+D$7+,-:".%C(/)-E)"C+$1-.)"$,C+)-EH$A() `+%+D$7+,-:"+:%&"D&,."C+$1-.)"$,C+)-EH$A()!9>R 8"T3(1">#'RV$(3(&%#M%$'S'R(>%g\" U#'$(1">#'RV$(LY"VM%91R&' $'"&>3Q\S4343("#QD%M34#O!9>R 8"T3(1">#'RV$(3(&%#M%$'S'R >%g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n"mb I*B= I=B-,B- I=B+ IJB.,B, IJB. )B) KBH,B) KBJ IJB+ I,B. IJBJ /%C&B IJBH I-B) I.B) I)B, I)B+,B, I)B+.=B* =BK,B- =B=.,B- I,B..,B- 5"&'$ I.)B+ I.-BH I=B* IHB*.B) I,B..B- I.)B*.B) I.B) )B= I.=B) I,B. I.=B. d>&b I.JB. IKB- I,B= I+B* IKBH,B. IKB*.-B) HB-,B) HB. =B*,B, =BH 5"#N$ I)B- IJBK,B, IJBK -BJ,B, -BJ )B) -B=,B- -B. I.B),B- I.BJ n[b I..B) I..B* I-B) IHBK,BK,B,,BK,B) I,BK,B, I,BK,BH,B=,BJ n[vb I.KBJ I.=BK,B. I.=BH I)BH,B, I)BH.-B,..B),B)..B..BK I,B..BH d3yb.,b= IJB*,B) I+B..+B-,B,.+B) I-B, I)B),B= I)BJ I,B*,B, I,B* F%>'B IJB. I.BH I.B- I,BJ I-B-,B, I-B- KBJ +BK.B, JBK,B*,BJ,B= l1'b I)JBJ I.JB+,B) I.JBK I*B*,B, I*B*.-B* =B*,B) =BK *B,,B, *B, G9MB I.JBH I.-B+ I.-B, I,B+ I)B),B. I)B-.JB, JBH,B. JBK *B),B= HBH ^%:B +B= I-BJ JB+ I*B. *B*,B, *B*,BH +B=,B- +B. IJBJ,B, IJB+ dm9'$?(pubb S 56

140 EURO ZONAS STATISTIKA Ārējie darījumi un posteņi 7.1. Maksājumu bilance L4VN&DB(%3&9r(D"&XN34#) 5K"8&%-F+B$+I:/7EA:J:"(1-EC$"$,)-%:J+,-:":,"-:%G-.A:")+1-&%:"7(/EA:J.?('$-./("CG%-)'('E%$ 8(%.7("CG%-)'('E%$ lcv#yr:#n"$(3(>"&rdqx4%$ G"3D"$('#&Y3$(#$'&34%'# d1'xm# 8"$XM# d1'xm# 8"$XM# d1'xm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n"mb,b, I-B= I+BH I.BJ,B, I.-B, I+B- I )JBH,B. I.JBJ I)B- I.,BK /%C&B,B. I-B. I+BK I ),BJ,B, I.B+ I.B= I..B, I,B) IJBJ I,B= I,BH 5"&'$,B,,BJ I..B= I )BJ I,B= I..B+ I.)BJ I JB-,B,.,B= I.B. I..B) d>&b,b, I.B, )B+ I I),B.,B) I)BH IJBH I -HB,,B, I.JB- I-B* I,BJ 5"#N$,B, I.BH,BJ I,BH,B. IKB- IKB= I.JB- I,B) )B+,BK I I-BH n[b,b, I*BK I+BH I.=B=,B, I,BJ I=B+ I )+B*,B- KB+ I,B- I )Bn[VB,B, IHB*,B) I.,B+ I,B- I.)B*,BH I I..B-,B- I.*B. )B, I I)BK d3yb,b, I=B) IKB- I.JBK,B= I.)B, I,B= I +B) I,B) I-BJ I,B* I KB- F%>'B,B,.,B+ =B, I.)B+,B+.B* I.JB+ I -HBJ I,B. KB* I=B+ I I.)B, l1'b,b, I)B* I-B- I.+B-,B- I.-B+ IJB. I.JB+ I,B..B) I-B* I.BH G9MB,B, I.,BH IKB. I )-B+,B= I*B* IJB. I.+B*,B) I.-B),BH I I+BJ ^%:B,B,..BH I,B+ I )HB*,B) I)B) IJB= I..B. I,B).BJ I,B= I IKBJ ZK"*$-$"$+I:/7EA:J$")+1-&%:"7(/EA:J. Avots:. Kopâ Eurosistçma Valdîba MFI (izòemot Eurosistçmu) Citi sektori Kopâ Ilgtermiòa Îstermiòa Aktîvi Pasîvi Aktîvi Pasîvi Aktîvi Pasîvi Aktîvi Pasîvi Aktîvi Pasîvi Aktîvi Pasîvi Aktîvi Pasîvi Nauda un noguldîjumi Nauda un noguldîjumi ),,) I))=B+ ++B- I,B*.*B-,B. I IHB) I.+HB, )JBH I-=B= J)B- I.--B+ I)+B= IJJBH I )*B- ),,- I)=.BH.+HB, I,BH.,B) I,B= I I-BH I.J=BK.-KB+ IJ*BH ++B, I*=BH K.B+ IHJB* I )=B, ),,= I)**B+ )+KBJ I,B= KB, I.B+ I.BJ I+B. I)+,BK )=JBJ I)=B).BH I)-+BJ )=-BK I-+B* I.HB* ).B) ),,- EZ IK*B, +.B, I,BK I,B+ -B) I I=B+ IK.B- J-BH I.+BJ.HB. IJ=BH -JBK I.,B. I.)B= ),,= E I.H)B,.H,BJ I,B+ I.B) I,B+ I,BJ I+B= I.J+B..JHBJ I.,BJ,B= I.=JB+.JHB. I)=BK I),B, )*B+ EE I)-BH.HB.,B*.B+ I=BH I=BK -B. IJBJ ))B- I)B= +BH I-B..JBJ I.=B= =BJ IHBH EEE I.*B* KB* I.BJ -B),B= I,B) )B) I)=B. +B+ IKBH IJBK I.+B-.)B- JB= I.,B- I=B. EZ IK-B* +,B*,BH -B= -B= -B* IJB, IKJB, JHB, I-BJ,B- IK.BJ JKBH I-B) +B* =B+ ),,- ^%:B.,B= )B) I,B*.B-,BH I I=B, -B*,B) I=BH.,B) HBK I*B* +B+ I =B+ ),,= n"mb I+HB* +KBH I,BJ )B+ I,B- I,B- I=B+ I+)B+ K+B= I.B- =B- I+.B- K)B. IJBJ I=B. I+BK /%C&B I)HBH.=B+ I,B= I=B-,B=,B- I,B) I)-BH.+B+ IJBJ I,B+ I.HB-.KB) IJB. IJB, )B+ 5"&'$ IH=B- *HB.,B),BJ I,BK I,BJ I.BJ I+*BK +JBJ I-BK I-B) I++B, +HBK I.=B. I.,BH --BK d>&b IJ)BJ =HB-,B+,B+ I.B= I.B) I,B- IJ,BJ J=B- I+B-,B= I==B. J-B* I.B) -B, I+B= 5"#N$.,B-.BH I,B. I,B- I,B),B,,BJ.KB+.,B= -B+ -B+.=B, +BH IKB, =BJ IHBH n[b.hbj I-)B,,BJ.B- I-B) I-BJ )B* )KB= I=)BJ,B= )BK )KB, I=JB) I+B) I-B. +B= n[vb JJBK I)KB- I,B-.BJ I,B- I,BJ I,B= =+B, I.)BK -B. IKBH =)B* I=B*.,B-.BK I.JBK d3yb I-)B) -.B+ I,B),B) I,B) I,B-,B. I-.B=.HB* IJBH )B= I)JB+.+BJ I,B= I)B-.)BJ F%>'B I=-B= -BK I.B,.BJ,B*,BK )B+ I-HBK,B= IJB) I,B) I--BJ,B+ I=B+ I*BK I,B* l1'b I.JB).B=,B..B. )B, )B-,B- I*B* I,BH KB= JBJ I.KB- I+B- IKB= I.BH,BH G9MB I+HBK.,KB*,BJ.B* I.B. I,BK I,B= I+,B- *+B* I,B* )B* IJ*B= *=B, IKBK I.B, *B= ^%:B.,B, I=HB=,B-,B- )BJ )B- I=B* I=BH I-HB) I.,B. IHB) JB- I-,B,.)B, *BK IJBK S 57

141 7.1. Maksājumu bilance L4VN&DB(%3&9r(D"&XN34#) YK"*$-$"$+I:/7EA:J$"$,)-%:J+,-:":,")+1-&%:"7(/EA:J. "3D"(3 9Y3VDXN34# XK"\+D+%C+)"(1-EC$ #:%&)$)-GJ( T(/7E( d1'xm# 8"$XM# d1'xm# 8"$XM# U#'# "1'XM# "3D"(3 9Y3VDXN34# U#'# >"$XM# `#&DQ#%I :XC"$(1&%DX'# d#qd%m34# G"3D"(3 9Y3VDXN34# U#'# "1'XM# `#&DQ#%I :XC"$(1&%DX'# d#q\s434#. ) - = J + K H *.,...) ),,.,B),B, =BJ,B, I,B. =B= I I I.B-,B, I,BJ,B. ),,) I,B*,B,.*B-,B,.BJ I,B= I I I.B,,B, IKB* I,B- ),,- I,BH,B,.,B),B, I,B.,B+ I I I,B*,B, I=B.,B- ),,- EEE,B-,B, JBH,B,,B, I,B. I I I,B),B, =BH,BJ EZ I,BK,B, I,B+,B,,B, -B. I I,B.,B, I=B. I,B= ),,= E I,B+,B, I.B-,B,,B,,B),BK I,BJ I,BH,B, I+B. I,B- EE,B*,B,.BJ,B.,B, I=B=,B= I=BK I,BJ,B, )BH,B) EEE I.BJ,B, -B- I,B.,B,,BJ,BK I,B) I,B.,B, )B.,B. d#qd%m34#@ "3D"(3 9Y3VDXN34# O<;"W$D>+J&-"#:%&)$)-GJ:S *$-$")+1-&%$ d1'xm# 8"$XM# d1'xm# 8"$XM# U#'# "1'XM# d#q\s434#@ "3D"(3 9Y3VDXN34# U#'# >"$XM# `#&DQ#%I :XC"$(1&%DX'# d#qd%m34#@"3d"(3(9y3vdxn34#!9>r d#qd%m34# G"3D"(3 9Y3VDXN34# U#'# "1'XM# `#&DQ#%I :XC"$(1&%DX'# d#q\s434#.-.=.j.+.k.h.* ), ). )) )- )= ),,. I).JB) I.=B, )))BH.,B) I-B- I-,B) I I IHB*.B).=BK JB) ),,) I.+-B, IJB, )KB* I)B. I)B. IJ,B. I I I-B+ I-B+ )+B- +B+ ),,- I.J=B. I,BJ.-KBK I,B.,B) IH-B+ I I I)BJ -B- ).B= I,BK ),,- EEE HHB= I,B) I+B* I.B, I,B. I.B- I I -BH I.BJ I.JB. I=BH EZ IK,BK I,B+ J-B+,B) I.B, IHB+ I I I,BJ )BJ..B, I.B. ),,= E I.J-B+ I)B+.JKB,.B+ I)BJ I),B+ I,B+ I),B, I.BK =BH )=B+,B- EE I=BH I,B+ ))B-,B, I-B) I.,B- I.=BK =BJ I,B*.B+ IHB= I)B, EEE I))B= I.BK JB..BJ.BH =B=.=BK I.,B- I,BH,B, I+B+ )BJ U#'# >"$XM# U#'# >"$XM#?&'. O&,+-._ %($)"D+/-) ='+H$./.) ($D>GJ:J( -$+)E() \+D+%C+) '&DEH$A( =T< o%c(/)-:"c(/a-() *$-() '%()E()!9>R G"3D"(3(9Y3VDXN34# ZS&'$>">X&# d'm"$#r'#% 59%'R&"NR$ #%$'RDS$( 3(FGb b"1r$!">#'rv" MS&'$>">X&# lcv#yr:#n"$ G"3D"$('#&Y3$ 3 #$'&34%'# >"&RDQX4%$ 2#"T3 #$'&34%'#. ) - = J + K H *.,...) ),,..KBH,B+ I.B, I=B) ))BJ.,B, IJB- I.B. ),B= I.B+,B,,B, ),,) I)B-,BK,B) I)B, I.B) I)B- I.JB-,B, HB. HBJ I,B),B, ),,- )*B*.BK,B, I.B+ )*BH I.BH.B+,B, )-B. +B*,B.,B, ),,- EEE )B,,B.,B, I,BK )B+ I.B. =B.,B, I=BJ =B.,B,,B, EZ.-B+,B+,B,.BH..B) I.B, I.B*,B,.-B,.B.,B,,B, ),,= E *B= I,B. I,B.,BK HBK,BH.BH,BJ HB. I)B=,B,,B, EE I)BH,BJ,B.,B+ I=B, I-B- )B),B, JB= IHB=,B.,B, EEE -B=,B, I,B..BJ )B, )B+ I-B+,B,.B, )B.,B,,B, dm9'$?(pubb S 58

142 EURO ZONAS STATISTIKA Ārējie darījumi un posteņi 7.2. Maksājumu bilances monetārais atspoguļojums (mljrd. euro; darîjumi) Tekoðâ konta un kapitâla konta bilance Maksâjumu bilances posteņi, kuri veido bilanci ar darîjumiem M3 ârçjos atbilstošajos bilances posteņos Tieðâs investîcijas Portfeïieguldîjumi Citi ieguldîjumi Atvasinâtie finanðu Aktîvi Pasîvi Aktîvi Pasîvi instrumenti Rezidentu ârvalstîs veiktâs investîcijas (ne-mfi) Nerezidentu euro zonâ veiktâs investîcijas Ne-MFI Kapitâla vçrtspapîri 1) Parâda vçrtspapîri 2) Ne-MFI Ne-MFI Novirze aile kopâ Papildpostenis: darîjumi M3 ârçjos atbilstošajos bilances posteņos IV I II III IV Dec Janv Febr Marts Apr Maijs Jûn Jûl Aug Sept Okt Nov Dec mçneðu darîjumu summa 24 Dec A3. Galvenie MFI neto ārējo aktīvu pārmaiņas raksturojošie maksājumu bilances darījumi (mljrd. euro; 12 mçneðu darîjumu summa) Avots:. 1) Izòemot naudas tirgus fondu akcijas/daïas. 2) Izòemot euro zonas MFI emitçtos vçrtspapîrus ar termiòu lîdz 2 gadiem. S 59

143 7.3. Maksājumu bilance un starptautisko investīciju bilance ģeogrāfiskā dalījumā L4VN&DB(%3&9) (darîjumu summa) 344MK""I(7("NK"H+-Kk 344NK"I(7("MK"H+-K 8&%:%$ 8"1"V>9N34# E%R134# 'B$1B(#%Y3VDXN343(#%R134#!R&'SN#%(>R&M%D34#?('$-./("1&,-) 8&%:%$ 8"1"V>9N34# E%R134# 'B$1B(#%Y3VDXN343(#%R134#!R&'SN#%(>R&M%D34#?('$-./("1&,-) 8&%:%$ 8"1"V>9N34# E%R134# 'B$1B(#%Y3VDXN343(#%R134#!R&'SN#%(>R&M%D34#?('$-./("1&,-)?&'. #="7(/EC(/)-$)"W.%':)"+:%&"D&,()S?(,.7( V('.,( rc+$h+ 6=T *$-() C(/)-$)!9>R ^R#N" hm#%d&#n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darîjumu summa) 344MK""I(7("NK"H+-Kk 344NK"I(7("MK"H+-K 9$+@.)"$,C+)-EH$A() s&m"v$'x$ 8"T3(1">#'RV$@&%#M%$'S'R >%g\" U#'$(1">#'RV$ P3&9(Q9R 8"T3(1">#'RV$@&%#M%$'S'R >%g\" U#'$(1">#'RV$ dm9'$?(pubb?&'. #="7(/EC(/)-$)"W.%':)"+:%&"D&,()S?(,.7( V('.,( rc+$h+ 6=T o%d&,: F$,(,@:!9>R ^R#N" hm#%d&#n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

144 EURO ZONAS STATISTIKA Ārējie darījumi un posteņi 7.3. Maksājumu bilance un starptautisko investīciju bilance ģeogrāfiskā dalījumā L4VN&DB(%3&9O MK"O(1).A:J:"$/(,H+["'&%-F+B$+I:/7EA:J:"(1-EC$"$,)-%:J+,-:"7(/EA:J. (darîjumu summa) 344MK""I(7("NK"H+-Kk 344NK"I(7("MK"H+-K 8&%-F+B$+I:/7EA:J:"(1-EC$!">#'RV"(MS&'$>">X&# 8"&RD"(MS&'$>">X&# lcv#yr:#n"$(3(>"&rdqx4%$ G"3D"$('#&Y3$(#$'&34%'#?&'. #="7(/EC(/)-$)"W.%':)"+:%&"D&,()S?(,.7( V('.,( rc+$h+ 6=T o%d&,: ^R#N" hm#%d&#n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darîjumu summa) 344MK""I(7("NK"H+-Kk 344NK"I(7("MK"H+-K *$-$"$+I:/7EA:J$ d1'xm# Z"VDXC" 5/E U#'#($%1'9&# 8"$XM# Z"VDXC" 5/E U#'#($%1'9&#?&'. #="7(/EC(/)-$)"W.%':)"+:%&"D&,()S?(,.7( V('.,( rc+$h+ 6=T o%d&,: F$,(,@: H+,-%$!9>R ^R#N" hm#%d&#n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atlikumi perioda beigâs) 344M 9$+@.)"$,C+)-EH$A() s&m"v$'x$ 8"T3(1">#'RV$@ &%#M%$'S'R(>%g\" U#'$(1">#'RV$ P3&9(Q9R 8"T3(1">#'RV$@ &%#M%$'S'R(>%g\" U#'$(1">#'RV$ 8&%-F+B$+I:/7EA:J: (1-EC$!">#'RV"(MS&'$>">X&# 8"&RD"(MS&'$>">X&# lcv#yr:#n"$(3 >"&RDQX4%$ G"3D"$('#&Y3$ #$'&34%'# *$-$"$+I:/7EA:J$ d1'xm# Z"VDXC" 5/E U#'#($%1'9&# 8"$XM# Z"VDXC" 5/E U#'#($%1'9&# dm9'$?(pubb?&'. #="7(/EC(/)-$)"W.%':)"+:%&"D&,()S?(,.7( V('.,( rc+$h+ 6=T o%d&,: F$,(,@: H+,-%$!9>R ^R#N" hm#%d&#n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

145 7.4. Starptautisko investīciju bilance (ieskaitot starptautiskās rezerves) L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r("'V#134#(>%&#9D"(C%#YR$O RK"=-(%'-(:-$)1&"$,C+)-EH$A:"$/(,H+)"1&')(C$/1:J)?&'.?&'.",&";?8"WQS 8&%-F+B$+I:/7EA:J$ $,)-%:J+,-$ *$-$"$+I:/7EA:J$ \+D+%C+)"(1-EC$. ) - = J + K F'"&>'"3'#$19(#M%$'X:#N3(C#V":%(L$"VD9O ),,, IJ,+B* IKBK -+*B* IH-)BK )B, I=-KB- -*.B) ),,. I-*HBH IJBH =.,B) IH),BH )BJ I-H-B= -*)BK ),,) I+.HB, IHBK ),=B) IHK*B, I.)B, I)*KB) -++B. ),,- IKJ*B+ I.,BJ K*BK IH)-BJ IKBJ I-.=BH -,+BJ d1'xm# ),,, +(K+-BJ.,)BH.(+-)B= )(-)KBK.,JBH )(-,+B= -*.B) ),,. K(+)HB....B=.(*J.B= )(J.JB,.)*B* )(+-*B) -*)BK ),,) K()+,B+.,)BJ.(HKKB= )(-,)B+.-JB* )(JKHB+ -++B. ),,- K(K+HB).,+B* )(..,B= )(+,KB=.J+B+ )(JHKB- -,+BJ îpatsvars aktîvu kopapjomâ; % ),,-.,,B, I )KB) --B+ )B, --B- -B* 8"$XM# ),,, K()K,B-..,BJ.()+)BJ -(.+,B=.,-BH )(K=-BK I ),,. H(,)+B*..KB).(J=.B) -(--JBH.)KB= -(,))B+ I ),,) K(HKHB+...B-.(+K-B) -(.H.B+.=KB* )(HKJB* I ),,- H(J)KBH..KB= )(,-,BK -(=-,B*.+=B. )(*,)B. I îpatsvars pasîvu kopapjomâ; % ),,-.,,B, I )-BH =,B).B* -=B, I 3K"9$+@.)"$,C+)-EH$A() \+D$7+,-:".%C(/)-E)"C+$1-.)"$,C+)-EH$A() 8"T3(1">#'RV$(3(&%#M%$'S'R(>%g\" 8R&SN"#$(1">#'RV$(LY"VM%91R&' $'"&>3Q\S4343("#QD%M34#O!9>R 5/EW G%I5/E!9>R 5/EW G%I5/E!9>R 5/EW #Q\%49' #Q\%49' #Q\%49' P3&9$#$'S43 P3&9$#$'S43 P3&9$#$'S43 `+%+D$7+,-:"+:%&"D&,."C+$1-.)"$,C+)-EH$A() 8"T3(1">#'RV$(3(&%#M%$'S'R(>%g\" 8R&SN"#$(1">#'RV$(LY"VM%91R&' $'"&>3Q\S4343("#QD%M34#O G%I5/E!9>R 5/EW #Q\%49' P3&9$#$'S43 G%I5/E. ) - = J + K H *.,...) MK"8&%-F+B$+I:/7EA:J:"(1-EC$"$,)-%:J+,-:":,"-:%G-.A:")+1-&%:"7(/EA:J.?('$-./("CG%-)'('E%$ lcv#yr:#n"$(3(>"&rdqx4%$ 8(%.7("CG%-)'('E%$ G"3D"$('#&Y3$(#$'&34%'# dm9'$?(pubb P3&9I 5/EW $#$'S4" #Q\%49' P3&9$#$'S43 d1'xm# 8"$XM# d1'xm# 8"$XM# d1'xm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

146 EURO ZONAS STATISTIKA Ārējie darījumi un posteņi 7.4. Starptautisko investīciju bilance (ieskaitot starptautiskās rezerves) L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r("'V#134#(>%&#9D"(C%#YR$O NK"*$-$"$+I:/7EA:J$"$,)-%:J+,-:"7(/EA:J. #:%&)$)-GJ( T(/7E( "3D"(3 9Y3VDXN34# d1'xm# 8"$XM# d1'xm# 8"$XM# U#'#("1'XM# "3D"(3 9Y3VDXN34# U#'# >"$XM# `#&DQ#%:XC"$ 1&%DX'# d#qd%m34# G"3D"(3 9Y3VDXN34# U#'#("1'XM# `#&DQ#%:XC"$ 1&%DX'# d#q\s434#. ) - = J + K H *.,...) U#'# >"$XM# O<;"W$D>+J&-"#:%&)$)-GJ:S *$-$")+1-&%$ d#qd%m34#@ "3D"(3 9Y3VDXN34# d1'xm# 8"$XM# d1'xm# 8"$XM# U#'#("1'XM# d#q\s434#@ "3D"(3 9Y3VDXN34# U#'# >"$XM# `#&DQ#%:XC"$ 1&%DX'# d#qd%m34#@"3d"(3(9y3vdxn34#!9>r d#qd%m34# G"3D"(3 9Y3VDXN34# U#'#("1'XM# `#&DQ#%:XC"$ 1&%DX'# d#q\s434#.-.=.j.+.k.h.* ), ). )) )- )= K"=-(%'-(:-$)1.)"%+D+%C+) U#'# >"$XM# \+D+%C+)"(1-EC$ 8('$/7'&)-+>$ d1'xm# 8"$XM#!9>R 59%'R&"#$(Q%V'$ F>%I :#RVR$ e%q%&i M%$ 5VN&DB %3&9 `&9N"$ 3:S$ L4#VNBO "#Q\SI 434" '#%$XC"$ >9QX:#N" FZ/!9>R G"3D"(3 9Y3VDXN34# 59%I 'R&"NR$ #%$'RDS$ 3(FGb b"1r$ s&m"v$'3(m"v['"$!9>r!">#'rv" MS&'$I >">X&# ZS&'$>">X&# lcv#yri :#N"$(3 >"&RDI QX4%$ G"3D"$ '#&Y3$ #$'&3I 4%'# 8R&SNR$ >&"$XC"$ d'm"$#i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n"mb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n"mb -+B- HB, )=B+J+,B),B, )HB) )B, =BH ).BJ I I I,B,,B, )BK I.B- Avots:. S 63

147 7.5. Preču tirdzniecība L$%Q9RV#(#QVXDQ#R'#(D"'#W(N"("M(9&RDX'$(:#'RD#O RK"TG%-E()2"('A&J$":,"C$+,E()"CG%-E("'%+p:"I%:':"7(/EA:J.?&'."W)+D&,./$,+$D/E7D$,.-$"7(-$S #1)'&%-)"W<e]S ;J'&%-)"W*;<S P1$>9&'$ E4>9&'$ F'"&>I >"'S&#\" >&%:%$!9>R!">#'RVI >&%:%$ 8"'S&#\" >&%:%$ 8">#VDI >9$'%#$? &[>#%:XC"$ >&%:%$ F'"&>I >"'S&#\" >&%:%$!9>R!">#'RVI >&%:%$ 8"'S&#\" >&%:%$ 8">#VD>9$'%\# e[>#%:xc"$ >&%:%$ G"2'". ) - = J + K H *.,...).- ZS&'XC"$(L4VN&DB(%3&9r(.B(3()B("#V%#(q(>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO ),,. +B. I,BK.(,+)B+ J,JB* )-=B* )H*B) *-)B+.(,.=BJ JK*B).KHB* ))HBJ K=.B..,KBK ),,) )B, I-B,.(,H-B* J.)B+ ))KBH -,*BJ *=*B+ *H=B+ JJ*B=.+-B- )-=B) K.KBJ.,JB) ),,- I)B),BJ.(,JHBK J,.B, )))BH -,,B= *)=B+ *HHB) JJ=B,.+=B) )=,B* K.JBJ.,*B. ),,= HB= HBJ.(.==B) J-HB+ )=.BH -.,B- *HKBJ.(,K.B, J*-BH.KKB- )J)B) KJHB-.)KB= ),,- EEE I)B) I.B, )+JB=.)JBK J+B= KJB= )-)BK )=-B-.-JB= -*B+ +,B-.K+B+ )+BH EZ I,B=.BJ )+*B=.)JBK JKB+ K+B= )--B- )J,B=.-*B, =)B) +.B+.H,BK )KB, ),,= E =B+ I,B) )KKBK.-,BK JHBJ KJBK )=.B= )J.B,.-KB+ =.B+ +)B..H)B- )+B) EE..BK HBH )H+B+.-=BJ J*BK KHBK )=JBK )+)BK.=JBJ ==B= +)B).H+B, )*B- EEE HBH.=B) )H*B..-+B* +.B- KHB* )=*BK )KKB,.J+B. =JB, +=B,.*-BK -+B. EZ HB=..BK )*,B*.-+B= +)B- KKB, )J,BK )H,B-.J=B+ =+B= +-B*.*+B= -JBH ),,= n[vb KBH *B, *+B) =JB+ ),B+ )+B- H-B+ *.B. J.B,.=B= ).B, +=B,..B, d3yb.-b. ),B= *+BK =+B. ),B- )+BJ H)BH *-BJ J)B*.JB- ).BK +=BH.)B= F%>'B +B-.=B. *+B) =JB- ),BJ )+B. H-B- *)B- J)B).JB) ).B) +=BH.)BK l1'b -B, KB, *+B. =JB) ),BH )JB= H)BH *-B) J.B,.JB= ).B= +=B*.)B* G9MB.=B,.KBK *KB+ =JBK ),BK )JB* H-BH *=B) J)BJ.JBH ).B- ++B=.)B. ^%:B HB*.,BJ *KB. =JBJ ),B* )JBK H=B, *)B* J.B..JB) ).B. +JB..,BK d>n94"(#d%1$#(l),,,b(yb(x(.,,r(.b(3()b("#v%#(q(>r&4"#\"$($"vxdq#rn34r("&(#%>&#%1tsnr(y"d"("'c#v$'9t9(>%&#9d3r(oo ),,. JB. I,BH.,JB,.,)B..,HBJ.,KBH.,JBJ *HB* **B- *+B=.,,B+ *HB, **B- ),,) )B* I,BK.,HB,.,JB,.,+B)..JB,.,HB- *HB- *HBH H*BK.,=B. *+B=.,.B= ),,-.B, -BK.,*B,.,JBH.,HB,..=BH.,*B).,.BH.,,BJ *JB-..,B=.,,B..,=B* ),,= HB- JBH..KBH..-BJ..HB)..HBK..KB..,KBJ.,)B,.,=BJ..+BK.,JB*.,=B) ),,- EEE,BH )B=.,*BK.,+BK..,B-..JB+..,B=.,.B. **B+ *)B+...B, **B=.,*B= EZ -B, JBJ...B*.,KB)..)B)..KB-...B-.,=B..,)B, *HB=..-BK.,)B,.,+BJ ),,= E KBJ =B+..JBH..)B,..JB-..+BH..JB+.,JB).,.B, *HBK..JB*.,-B=.,.B- EE..B) JB+..KBH..-BJ..+B=..*BH..+B=.,+B=.,.BJ.,=B,..JB).,=B,.,,B- EEE KB= HB,..KB*..=B=..*B,.),B...KB+.,HBH.,=B..,JB,..KB-.,+B*..)BH EZ KB- JB...*BJ..=B,.))B)..HB...HB*.,*BK.,.B=..,BJ..HB=.,*B-.,)B) ),,= n[vb +B+ )BJ..HB,..=B=.),B+..*B+..HB=.,KB+.,)B* **B...=B*.,JB=.,KB) d3yb.,bh.-b*..kb*..jb,..kb).).b-..+bh..,b).,jb-.,hb-..*bk.,kbk..-bj F%>'B JBJ HBJ..HB,..-BK..*B)..*B=..KBK.,HBK.,=B,.,KBJ..KB=.,KBK..KBK l1'b )B, I,B-..HB=..-BJ.).BJ..+B*..KB*.,HBH **B-.,*B-..*B-.,HB).,+B= G9MB..B*.,BJ..*B+..-B=.).B+..HBJ..HB+..,B,.,)B+..)BK..HB=..,B+.,,B* ^%:B HBJ JB=.),B+..JB..)-BJ..HBK.),B...,B-.,)B).,*B+..KBJ.,*B. **B= Z#%XC"$(MS&'XC"$(#D%1$#(L),,,B(YB(x(.,,r(.B(3()B("#V%#(q(>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(oO ),,..B.,B-.,.B,.,,BK.,,B..,)B..,,B*.,,B) *HBK.,.BJ.,)B*.,.BK HHB+ ),,) I,B* I)B-.,,B. **B. **B).,)B=.,,B. *KBH *JBH **B+.,.B*.,,B, H=B+ ),,- I-B) I-B. *+B* *+B. *JB= **BJ *+B+ *=BH *-B- *=B) *HBH *+B. HJB, ),,=,B, )BJ *+B* *+B- *=BJ **BJ *+B) *KB) *HBJ *)BH *KB* *+B) **B= ),,- EEE I-B, I-B- *+BJ *JBK *=B+ **B) *+B) *=B, *)B, *-B+ *HB= *JBJ K*B* EZ I-B) I-BK *+B. *JB- *=B* **B. *JBK *-B* *)B) *-BH *HB. *JB) H)BJ ),,= E I)BK I=B+ *JBK *=BH *-BH *HBK *JB- *-B) *)B. *)B) *KB. *=BH H=B- EE,B= -B, *KB. *+B) *=BH.,,B, *+B= *+BJ *KB, *-B- *KBH *+B. *JB. EEE.B- JBH *KBH *KB) *JB) **B* *+B* **B=.,.BJ *-BK *HBH *KB=.,=B) EZ.B. +B- *KB. *KB) *=B- **B- *+B- **BH.,-B) *.BH *KBH *+B+..=B, ),,= n[vb.b. +B= *KBK *KB, *=B+.,,B- *+BK **B).,,B+ *JBJ **BJ *HB,.,,B. d3yb )B. JBH *HB) *KB+ *JB* **BK *KB. **BJ.,)B. *-B, *HB+ *KB..,+BK F%>'B,BH JB) *KB+ *KB, *JB) **BH *+B* **BJ.,.B* *)BH *HB) *KB,.,JBK l1'b,b* KB- *KB) *KB. *=BH **B) *+B-.,,B=.,=B- *)B) *KBJ *+BK..HBK G9MB.B* +B+ *KBH *HB. *=B- **BH *+BH.,,B-.,-B* *)B) *HB, *+B*..KB+ ^%:B,B= =B* *+B= *+B- *-BH *HB* *JB* *HBH.,.B= *.B. *KBH *+B).,JBK dm9'#?(eurostat 3(PUb(">&Sf##W(13&3(>"4"'R(#& Eurostat(D"'#(L">N94"(#D%1$#(3(M#%XC3(MS&'XC3(#D%1$3($%Q9RV#(#QVXDQ#R'#%(D"'#OB S 64

148 EURO ZONAS STATISTIKA Ārējie darījumi un posteņi 7.5. Preču tirdzniecība L4VN&DB(%3&9W(N"("M(9&RDX'$(:#'RD#r($%Q9RV#(#QVXDQ#R'#(D"'#) 3K"s+&I%.F$)1($)"7(/EA:J)?&'. #$%&'()"=(C$+,E("W.%':)"+:%&""D&,()S?%$+C$A( rc+$h+ 9:%H$A( 6=T od$a()"c(/)-$) of%$1() C(/)-$) ^R#N" hm#%d&#n" _#%VC&#'R#N" 8R&SNR$ PF(M"V$'#$ dm9'#?(eurostat(3(pub(">&sf##w(13&3(>"4"'r(#& Eurostat(D"'#(L$"VD9(3(JBW(.)B(3(.JB("#V%OB ^(-E>_ (J+%$1() C(/)-$) *$-() C(/)-$) vx" n">r" 8R&SNR$ sq#n"$ M"V$'#$. ) - = J + K H *.,...).-.=.J P1$>9&'$(L/lbO ),,..(,+)B+ )=B= -KB, ),)BJ.,JB* )=BK ++B=.KB*.H,B) )JB) -=BJ.=,B= +,BJ =*B* *-B- ),,).(,H-B* )JB- -KB. ),JBH..)B. )KB. +=B, ).B=.H=B. )*B* --B..=,BJ J*B+ =-B=.,,BJ ),,-.(,JHBK )=B* -HBK.*=BH..KBK )*B) +-B= )=B*.++B= -JB- -.B-.-JB= J*B+ -KB* **B) ),,=.(.==B) )JB= =.B= ),-B,.)+B) -JBJ ++B, -.BH.K-BJ =,B) --B,.=*B+ +-BJ =,B...JB, ),,- EEE )+JB= +B- *BK =HB. -,B- KB+.JB- +BJ =.B+ *B) KBH -=B).JB. *B. )=B+ EZ )+*B= +B. *BH =*BJ )*BK KB=.JB* +BK =.BJ *B, HB. -=B..JB, HB* )KB+ ),,= E )KKBK +B..,B, =*B- -.B) HB,.JBJ KB* =)B= *BH HB= -+B*.JB) *B+ )KB) EE )H+B+ +B-.,B= J,B= -.BJ *B,.+B) HB) =-B*.,B= HB, -+BH.JBK *B* )*BH EEE )H*B. +B=.,BJ J.BK -.B. *B-.KB) HB, =-B- *B* HB= -HBH.+BH.,B) )KBJ EZ )*,B* +B+.,BJ J.BK -)B- *B..KB, KBK =-B*.,B. HB. -KB..JBH.,B= -,BJ ),,= n[vb *+B) )B. -BJ.KB=.,B. -B, JB* )B+.=BJ -BJ )BH.-B= JB+ -B= HB= d3yb *+BK )B) -BJ.KB,.,BJ -B. JB+ )B+.=BJ -B. )BH.-B, JB+ -B= *BH F%>'B *+B) )B) -BJ.KB-.,B+ -B. JBK )BK.=B- -B- )BH.)B= JBJ -BJ *B= l1'b *+B. )B) -BJ.KB-..B, )B* JBJ )B+.=B- -B= )B+.)B- JB= -B- *BK G9MB *KB+ )B) -BJ.KB+.,BK -B. JBK )BJ.=BK -B- )BK.)B) JB. -BK.,B+ ^%:B *KB. )B) -BJ.+BK.,B+ -B) JBH )B+.=B* -B= )BH.)B+ JB- -B=.,B) îpatsvars eksporta kopapjomâ; % ),,=.,,B, )B) -B+.KBK..B, -B. JBH )BH.JB) -BJ )B*.-B. JB+ -BJ.,B, E4>9&'$(LUE/O ),,..(,.=BJ ))B, -JB+.J=B+ HHB* =)BH J)B*.+BK.-HBK JKBJ JHB+.J,BJ K=B, =.B, H,B+ ),,) *H=B+ )-B, -JB+.=*BK *-BJ =)B, J)B..KBK.)JB+ +.BH J)BK.=)BH +KB* -*B= H,BH ),,- *HHB) )-BK -+B*.-HB*.,)B. =KB= J,B=.*B-..,B= K=B= J)B).=.BJ +HB* -*BH H)B- ),,=.(,K.B, )=B- -*B).=.B+.,KBK J+B. J-B= ))BK..-B) *.BK J-B-.+)BK K.B* ==BK HHB+ ),,- EEE )=-B- JBH *B. --BK )JB-..BK.)B- =BH )KB-.HB+.)B+ -=BJ.KB, *BK ),BK EZ )J,B= JB* *B= -=BJ )KB,..B*.)B= JB, )+B+ ),B,.)B* -+B=.+BJ.,BJ ).B= ),,= E )J.B, +B, *B= --B+ )KB,.)B-.)BK JB. )+B. ),BK.-B= -=BH.+BJ.,BK ))BK EE )+)BK JBH *BH -=B= )+B).-B+.-B) JBJ )*B* ))B..)BH =.B,.KB,.,B* ),B= EEE )KKB, +B).,B. -KB= )+BH.=B-.-B+ +B, )HBK )-BK.-BK =-B-.HB*..BJ ))BH EZ )H,B- +B- *B* -+B. )KBH.JB*.-BH +B. )HBJ )JB..-B= =-B+.*BJ..B+ ))B+ ),,= n[vb *.B. )B, -B-.)B- HBK =BJ =BJ.B* *B+ KBH =B+.-B* +B) -BH HB, d3yb *-BJ )B. -B=.)BH *B, =BK =BJ )B, *B+ KB* =B+.JB- +B= -B* KB= F%>'B *)B- )B. -B=.)B- *B. JB) =B+ )B. *BJ HB, =B=.=B. +B- -B* KB= l1'b *-B) )B) -B-.)B- *B. JB. =B+ )B, *B= HB) =B-.-B, +B+ -BH *B) G9MB *=B) )B) -B-.)B) *B. JBJ =B+ )B, *BJ HB+ =B+.JB. +BH -B* +BH ^%:B *)B* )B, -B-..B+ *BJ JB- =B+ )B, *B+ HB= =B=.JBJ +B. -B* +BK îpatsvars importa kopapjomâ; % ),,=.,,B, )B- -BK.-B).,B. JB) JB, )B..,B+ HBJ JB,.JB) +BK =B) HB- F"VD9 ),,. =HB. )B-.B= =KB*.KB, I.HB..-BJ.B) =.BJ I-)B- I)=B, I.,B) I.-B+ HB*.)B+ ),,) **B- )B-.BJ J+B..HB+ I.JB,.)B, -BH JHBJ I-.B* I.*BK I)B- IHB- =B,.*BK ),,- K,BJ.B..BK JJB*.JB+ I.HB).-B, JBJ J+B. I-*B. I),B* I+B. I*B= I.BH.+B* ),,= K-B).B. )B) +.B=.HB= I),B+.)B+ *B. +,B- IJ.BJ I),B- I.-B. IHB- I=B+ )+B= ),,- EEE ))B.,BJ,B+.=B= JB, I=B, )B*.BK.=B) I*BJ I=BH I,B- I.B* I,B+ -B* EZ.*B.,B),BJ.JB, )BK I=BJ -BJ.BH.=B* I..B, I=B* I)B- I.B= I.B+ +B) ),,= E )+BK,B.,BK.JB+ =B- I=B) )BH )BH.+B- I.,B* IJB, )B. I.B- I.B. =BJ EE )-B*,B=,B+.JB* JB- I=B+ -B, )BK.=B, I..BH I=BH I=B. I.B) I.B, *B= EEE.)B.,B),B=.=B- =B- IJB, -BJ )B,.=B+ I.-BH IJB) I=BJ I)B. I.B- =BK EZ.,BJ,B),B+.JBJ =BJ I+BH -B).B+.JB= I.JB, IJB- I+BJ I-BK I.B) KBH ),,= n[vb JB.,B.,B. JB..B= I.B=.B=,BK =B* I=B= I.BH I,BJ I,B+ I,B=,B= d3yb -B.,B.,B. =B).B= I.B+.B.,B+ =B* I=BH I.BH I)B- I,BK I,BJ )B= F%>'B -B*,B.,B. JB,.BJ I)B,.B,,B+ =BH I=B+ I.B+ I.BH I,BH I,B= )B, l1'b )B*,B,,B) JB,.B* I)B).B,,B+ =BH I=BH I.BK I,BK I.B) I,BJ,BJ G9MB -B=,B,,B) JB=.BJ I)B=.B.,B= JB) IJB) I.B* I)BH I.B+ I,B) -BH ^%:B =B),B),B) JB..B. I)B..B),B+ JB= I=B* I.BK I)B* I,BH I,BJ -BJ S 65

149 8 VALŪTU KURSI 8.1. Efektīvie valūtu kursi 1) (perioda vidçjie; gada 1. ceturkðòa indekss = 1) Nominâlais kurss Reâlais kurss, kas iegûts, deflçjot ar PCI EVK-23 Reâlais kurss, kas iegûts, deflçjot ar RCI Reâlâ IKP deflators Reâlâs vienîbas darbaspçka izmaksas apstrâdes rûpniecîbâ Reâlâs vienîbas darbaspçka izmaksas tautsaimniecîbâ Nominâlais kurss IV I II III IV Febr Marts Apr Maijs Jûn Jûl Aug Sept Okt Nov Dec Janv Febr pârmaiòas salîdzinâjumâ ar iepriekðçjo mçnesi; % EVK-42 Reâlais kurss, kas iegûts, deflçjot ar PCI 25 Febr pârmaiòas salîdzinâjumâ ar iepriekðçjo gadu; % 25 Febr A31. Efektīvie valūtu kursi (mçneða vidçjie; gada 1. ceturkðòa indekss = 1) A32. Divpusējie valūtu kursi (mçneða vidçjie; gada 1. ceturkðòa indekss = 1) 115 nominâlais EVK-23 reâlais EVK-23, kas defilçts ar PCI USD/EUR JPY/EUR GBP/EUR Avots:. 1) Tirdzniecîbas partnervalstu grupu definîciju un citu informâciju sk. vispârçjâs piezîmçs. S 66

150 EURO ZONAS STATISTIKA Valūtu kursi 8.2. Divpusējie valūtu kursi (perioda vidçjie; nacionâlâs valûtas vienîba par 1 euro) ASV dolârs Lielbritânijas sterliņu mârciņa Japânas jena Šveices franks Zviedrijas krona Dienvidkorejas vona Honkongas dolârs Dânijas krona Singapūras dolârs Kanâdas dolârs Norvçìijas krona Austrâlijas dolârs Islandes krona Jaunzçlandes dolârs Dienvidâfrikas rends IV I II III IV Febr Marts Apr Maijs Jûn Jûl Aug Sept Okt Nov Dec Janv Febr pârmaiòas salîdzinâjumâ ar iepriekðçjo mçnesi; % 25 Febr pârmaiòas salîdzinâjumâ ar iepriekðçjo gadu; % 25 Febr Kipras mârciņa Čehijas krona Igaunijas krona Ungârijas forints Lietuvas lits Latvijas lats Maltas lira Polijas zlots Slovçnijas tolars Slovâkijas krona Bulgârijas leva Rumânijas leja Jaunâ Turcijas lira 1) IV I II III IV Marts Apr Maijs Jûn Jûl Aug Sept Okt Nov Dec Janv Febr pârmaiòas salîdzinâjumâ ar iepriekðçjo mçnesi; % 25 Febr pârmaiòas salîdzinâjumâ ar iepriekðçjo gadu; % 25 Febr Avots:. 1) Dati pirms 25. gada janvâra atteicas uz Turcijas liru; 1 Turcijas liru ekvivalents 1 jaunajai Turcijas lirai. S 67

151 9 NORISES ĀRPUS EURO ZONAS ESOŠAJĀS VALSTĪS 9.1. Citas ES dalībvalstis L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3(LN"("M(9&RDX'$(:#'RD#Or(oO u+b$a() \+':/$1( U.,$A( ;I(:,$A(?$'%( ^(-C$A( ^$+-:C( d,i.%$a( O(/-( 8&/$A( =/&CG,$A( =/&C.1$A( nc$+7%$a( ^$+/_ %$-.,$A(. ) - = J + K H *.,...).- SPCI ),,- I,B. )B,.B= =B, )B* I.B. =BK.B*,BK JBK HBJ )B-.B= ),,= )B+,B* -B,.B* +B).B. +BH )BK -B+ -B+ KB=.B,.B- ),,= EE )BJ,BH -B).B) JBH,BJ KB= -B- -B= -BH HB,.B).B= EEE -B,.B, -B* )BJ KB= )B- KB, -B, =BK -B+ KB).B).B) EZ )BK.B) =B= )BH KB) -B, JB* )B) =BJ -BJ +B,.B..B= ),,= F%>'B )BH,B* -BH.BH KBK -B, +BK -B) =BK -B= +B=.B).B. l1'b -B..B+ =B, )B, KB) -B. +B= )BK =B+ -B= +B-.B=.B) G9MB )B+.B, =B= )B+ KB) )B* JBK.B* =BJ -BH +B,.B..BJ ^%:B )BJ.B, =BH -B* KB= )BH JBJ.B* =B= -B- JBH,B*.B+ ),,J n"mb.bj,bh =B) )BH +BK )BH -B*.B* -BH )B- -B.,BJ.B+ Z"VDXC"$(C3Da%'"(D%2#:X'$(LIO@(>R&>"V#134$(L<O("''#%:XCR(>&%'(E!8r(o ),,. IJB* )B.,B- I)B= I)B. I)B, I=B= I+B= I-BH I)BH I+B, )BH,BK ),,) I+BH,BK.B= I=B+ I)BK I.BJ I*B) IJBH I-B+ I)B= IJBK,B, I.BK ),,- I.)B+,B- -B. I+B= I.BJ I.B* I+B) I*B+ I-B* I)B, I-BK,B- I-B-!9>SN"#$(M"VDXC"$(>"&RD$("''#%:XCR(>&%'(E!8r(o ),,. )JB- =*B) =B= +=B-.=B* ))B* J-BJ +)B, -+BK )HB. =HBK J=B= -HBH ),,) )HBH =HBH JB- +KB=.=B. ))B= JKB) +)B- =.B. )*BJ =-B- J)B+ -HB- ),,- -KBH =JB* JB- K,B*.=B= ).B= J*B. K,B= =JB= )*B= =)B+ J)B, -*BH Z"VDXC"$(#VY'%&4#\"(9CV#YR:#N3(>%&#9D"(M#DSNR(Y"D"(>%g\"$(V#14%r(o ),,= d3yb JB,) =B=J I +BJH =BHH =BJK HB== =BK, KB-+ =B++ JB,) =B=) JB,- F%>'B JB,) =B-H I +BJH =BHK =BJ+ HBJH =BK, +B*+ =B+- JB,= =B-K =B*J l1'b =BH) =B)- I +BJH =B+- =B-H HB)- =BK. +BH, =B=K JB,H =B)J =BH. G9MB =BJJ =B,* I +B=J =BJH =B)J KB+= =BK, +B=J =B-. =B*) =B.- =BK= ^%:B =B,J -BH+ I +B)+ =BJH -B*J KB.K =BK, +B,, =B,K =BJH -B*, =BJH ),,J n"mb -BH= -BK= I +B.- =B)* -BHJ KB). =BK. JB*K -BHK =B,= -BH= =B+, -(4S%T3(>"&RDQX4N3(>%&#9D"(M#DSNR(Y"D"(>&9:%'3(V#14%r(o ),,= d3yb )BJK )B). )B=. JB.+ =B.) )BK. I )B*+ +B+, =B,. -B*+ )B), =B*+ F%>'B )BK) )B). )B=. JB.J =B.= )B+H I )B*+ KB.) =B,K =B.+ )B), =B*J l1'b )B+K )B). )B=. JB.J =B), )B+*..B,* )B*+ +BH* =B., =B)+ )B). =B*, G9MB )B+. )B). )B=. JB.- =B=* )BK, *BJK )B*J +BH. =B,+ =B)) )B), =BHH ^%:B )BJK )B), )B=. JB.+ =B-* )B+J I )B*+ +BK) =B,J -BK= )B.H =BHK ),,J n"mb )BJ- )B), )B=, JB.+ -B** )B+) I )B*K +B+- =B,J -B++ )B.J =BHK e%rv"#$(e!8 ),,- -BK,B= JB. )B, KBJ *BK -B, I,B- -BH )BJ =BJ.BJ )B) ),,= B )B, B B B +B+ B B JB- B B B -B, ),,= EE -B* )BJ JBH =B. KBK KB= =B) I.B+ +B. =BK JBJ -B= -BJ EEE -B+.B* JB* -BJ *B. +B) =B,.B= =BH =B* JB- -BK -B. EZ B )B. B B B +B) B B -B* B B B )B* `%19TR(19'"(3(1">#'RV"(19'"(C#V":%("''#%:XCR(>&%'(E!8r(o ),,) IJBK )B- I*B* I=BJ I+BJ I=BH I+B*,BJ I)B+,BK IKB+ JB- I.BK ),,- I+B) -B- I.)BK I-B- IKB+ I+BJ I*B, IJB+ I)B) I.B, I,BJ +B= I.B+ ),,= E I)B- -B, I..BJ I.)B+ IHBJ IHBK I*BH IHB- I.B=,B+.B) KB+ I.B= EE IJB) -BK I.KB* I..B. I.+BK I.,BK I*B, I=BK I)B* I)B+ IKBJ HB- I)BJ EEE IKB) )BJ IKBK B I.,B) I+B, IKB+ I=BK I,B+,BJ I-B= HBH I)B+ Z#%XC"$(D"&C"$>S1"(#Q4"1$"$ ),,) +B,.BH =B. I,B- I.B) HB* I I)B, +B, -B*,B* )BJ ),,- -B- )B- =B+ I =B..BJ KB, I B =BH =B,,B+ -B) ),,= E B.BJ =BK I I B I I B I JB) I,B) -B= EE B.B, =BH I I B I I B I JB= B -B. EEE B.BH JB) I I B I I B I B B,B* e%c#$'&s'"#$(c%qd"&c"(vx4%#$("''#%:xcr(>&%'(d"&c"$>s13(l$b#or(o ),,- KBH JB+.,B) =BJ.,B=.)BK JBK HB,.*B) +BJ.KBJ JB+ JB, ),,= HB- JB= *B) JB, *BH.,BK JB* KB-.HBH +B,.HB, +B- B ),,= EE HB= JB= *B+ =BK *BH..B) JBH KBJ.HB* +B..HBJ +B= =BK EEE HB- JB- *B. JB, *BK.,B+ JBH KB..HBK JB*.KBH +B- =BJ EZ HB- JB) HB= JB- *BK *B+ +B. KB,.HB= JBH.KB) +B- B ),,= F%>'B HB- JB- HBH JB. *BK.,B- JB* KB,.HB+ JB*.KBK +B+ =BJ l1'b HB- JB) HBJ JB. *BK *B* +B, KB,.HBJ JB*.KBJ +B) =B+ G9MB HB- JB) HB= JB- *BK *B+ +B. KB,.HB= JBH.KB) +B= =B+ ^%:B HB- JB. HB- JBJ *B+ *B- +B) KB,.HB- JBH.+BH +B= B ),,J n"mb HB- B HB. JB+ *B+ *B. +B- +B*.HB) JBH.+BJ +B. B dm9'#?(p#&9>"$(!94#$#n"(lp1994#1"$(3(2#"t3(v#%'3(c%%&rvd#&%1'9&r'$(3(eurostatow(m"v$'3(d"'#w(reuters(3(pub(">&sf##b S 68

152 EURO ZONAS STATISTIKA Norises ārpus euro zonas esošajās valstīs 9.2. ASV un Japāna L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3(LN"("M(9&RDX'$(:#'RD#Or(oO 8(-G%$>( H+,: $,7+1)) T$+,E() 7(%()'G1( $DJ(1)() W(')-%.7+) %a',$+he.s "RS \+./($) ;?8 \a',$+h$)1.) $,7+1)) W(')-%.7+) %a',$+he.s ]+D7(%( /EJ+,$)"W,& 7(%()'G1(P QP")+D&,./$ $D/E7D$,.-$"7(-$S "3S )-(%'(,1:,&I:/7EA:J: T(/7E() R4"I(7: &/$I.H$A: I(7( '+B>()"I(7( '%&H+,-: /$1J+ "MS '%&H+,-: /$1J+ "MS `(H$&,./.) C(/a-() J($>() 1:%)) "NS (--$+HE. '%+-"+:%& <$)1./. 7+F$HE-("W_Sm '.%'(/$_ 1:J("WqS (--$+HE( '%+-";?8P"Q?&'GA. C(/)-) '(%.7( "5S (--$+HE( '%+-";?8P"Q. ) - = J + K H *., ".. ASV ),,. )BH,B),BH I=B. =BH..B= -BKH JB,.,BH*J+ I,B= =)B* ),,).B+ I,BH.B* I,B. JBH HB,.BH, =B+,,B*=J+ I-BH =JB) ),,- )B- -B- -B,,B, +B, +B-.B)) =B,,.B.-.) I=B+ =KBK ),,= )BK I.B- =B= =BH JBJ JB).B+) =B)+.B)=-* B B ),,- EZ.B* -B+ =B=.B+ JB* =BK.B.K =B)K.B.H*, I=B- =KBK ),,= E.BH I,BK JB, -B) JBK =BJ.B.) =B,,.B)=*K I=BJ =HB- EE )B* I.BK =BH JB+ JB+ JBK.B-, =BJH.B),=+ I=B= =HB, EEE )BK I.B) =B, JBJ JB= =BH.BKJ =B)*.B))), I=B= =HB- EZ -B- I.BJ -B* JB, JB= JBH )B-, =B.K.B)*KK B B ),,= l1'b -B) I I JB+ JBJ JB- )B,H =B,H.B)=*, I I G9MB -BJ I I =BJ JB= JBH )B-. =B.*.B)**. I I ^%:B -B- I I =B* JB= +B) )BJ, =B)-.B-=,H I I ),,J n"mb -B, I I JB, JB) +B, )B++ =B)..B-..* I I /%C&B B I I B B B )BH) =B.+.B-,.= I I n">r" ),,. I,BK =B=,B) I+BH JB, )BH,B.J.B-=.,HB+H I+B..-=BK ),,) I,B* I-B) I,B- I.B) JB= -B-,B,H.B)K..HB,+ IKB*.=.B- ),,- I,B- I-BH.B= -B) JB).BK,B,+,B**.-,B*K B B ),,=,B, B )B+ JB+ =BK.B*,B,J.BJ,.-=B== B B ),,- EZ I,B- I=B- )B. =B) JB..BJ,B,+.B-H.)*B=J B B ),,= E I,B. I+BJ =B, +BH =B*.BK,B,J.B-..--B*K B B EE I,B- I+BK -B. KB= =B+.B*,B,J.BJ*.-)B), B B EEE I,B. IJB* )B- +B= =BH.BH,B,J.B+=.-=B-H B B EZ,BJ B,BH.BH =B+ )B,,B,J.B=J.-KB.. B B ),,= l1'b,bj,bk I I,BH =BK )B,,B,J.B=*.-JB*K I I G9MB,BH B I =BJ =BJ )B,,B,J.B=+.-+B,* I I ^%:B,B) B I.BH =B= )B,,B,J.B=,.-*B.= I I ),,J n"mb I,B. B I.B, B )B.,B,J.B-K.-JB+- I I /%C&B B B I B B B,B,J.B=,.-+BJJ I I A33. Reālais iekšzemes kopprodukts L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(or(:%'3&1T\"(D"'#O A34. Patēriņa cenu indeksi L>R&4"#\"$($"VXDQ#RN34R("&(#%>&#%1TSNR(Y"D"("'C#V$'9T9(>%&#9D3r(or(4S%T"(D"'#O 6 euro zona ASV Japâna 6 4 euro zona ASV Japâna dm9'#?(z"v$'3(d"'#(l.bw()b(ldfzow(-bw(=bw(jb(ldfzow(+bw(*b(3(.,b("#v%or(lpu^(l)b("#v%(ln">r"oor(eurostat(ljb("#v%(ln">r"ow(%3&9(q9"$(m"v$'3("''sv3(d"'#ow(reuters(lkb(3(hb("#v%or(pub ">&Sf##(L..B("#V%OB.O 8"&(dFZ(q($%Q9RV#(#QVXDQ#R'#(D"'#B )O 8%&#9D"(M#DSNR$(MS&'XC"$r(5-(dFZW(5)(<(9Y3VDXN343($%&'#2#1R'#(n">R"#B -O FX1R13(#29&4R:#N3($1B(=B+B(3(=BKB($"D"gRB =O FX1R13(#29&4R:#N3($1B(HB)B($"D"gRB JO!9>SN"#$(19$9V#DS'"#$(M"VDXC"$(>"&RD$(L>%&#9D"(C%#YR$OB S 69

153 9.2. ASV un Japāna L"''#%:XC"(>&%'(E!8r(o) 3K"dD1%.A:J$2"$+I:/7EA:J$":,"F$,(,)GA:J) T(/)-)":D1%.A:J$":,"$+I:/7EA:J$ O.A)($J,$+HE:"$+I:/7EA:J$":,"F$,(,)GA:J) "RS b&3'9 3Q1&RN34#!9>SNR 1">#'RV" M%#D9T"" G%'9 "#QD%M34# >R&SNR4 >"$"3V%$ M"V$'X4!9>SNR 1">#'RV" M%#D9T""!9>SNR >"4"'I 1">#'RV" M%#D9T"" /#"T3 "1'XM3(%'9 #%YRD% b&3'9 3Q1&RN34# G%'9 3Q\%4'R$ $"#$'XC"$ ZS&'$>">X&# 3("1:#N"$!">#'RV#% #QD%M34# ()O /#"T3 "1'XM3(%'9 #%YRD% b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n">r" ),,, )KBH )+B- )B-.JB=.JBJ,B*.=BJ I.B,,B) JB) -B*.,BJ I,B. ),,. )+B= )JBH )B,.JB-.JB- I)BH.=B- I+B-,B) =B* )BH HB+,B) ),,) )JB+ )=B, )BH.-BH.=B, I.BK.JB- IKB= I,BH =BH I,B) *B, I)B. ),,- )+B- )-B* B B B -B).+B, IJB) I,B) B I.B) *B) I,BH ),,) EZ )=B, )JB) )B) B B JBJ B *BH,BK B.,B) B I.BK ),,- E )HB, )-B= )B* B B.KBJ B I.BH.BK B I.-B) B )B* EE )-B+ )-B- B B B I)+B. B I),B+ I,B* B =B) B IJBK EEE )JBK )=B, B B B *BH B IJBJ I)B* B IJBJ B.B. EZ )KBH )=BH B B B..BJ B +BJ.B) B HBK B I.B) ),,= E -,BK )=B, B B B..B- B,B+ I,B= B IKBJ B )B+ EE B )-B, B B B I.-B= B I.)BK I,BH B JB+ B I+B, EEE B )-BH B B B JB, B I)B, I.BH B I=B- B.B+ A35. Nefinanšu sabiedrībām izsniegtie kredīti (neto) ("''#%:XC"(>&%'(E!8r(o) A36. Mājsaimniecībām izsniegtie kredīti (neto) 1) ("''#%:XC"(>&%'(E!8r(o) 5 euro zona ASV Japâna 5 8 euro zona ASV Japâna dm9'#?(pubw(/%d%&rv9(&%q%&mn3($#$'s4"$(m"vd%w(n">r"$(b"1"(3(p1994#1"$(3($9:#rv9(>s'xn343(#$'#'['$b.o `B$1B(4RN$"#4#%:XC"$(">1"V>9N9TR$(C%Q>%g\"$(9&Y"#QR:#N"$B )O!9>SNR(1">#'RV"(M%#D9T""(n">RRB(dFZ(1">#'RV"(#QD%M349$(#%'#V>$'(#VYV#%'9N34"(>&%u3(#%YRD%$B -O dfz(c&3'9(3q1&rn34#%4(>#%$1"#'x'#(#qd%m34#(>"&(#vyv#%'9n34"(>&%:s4b S 7

154 ATTĒLU SARAKSTS d.b 59%'R&#%(&RDX'RN# S12 d)b d'c#v$'9t#%(c#v":%$(>9$'%\# S12 d-b 59%'R&#%(&RDX'RN# S13 d=b EVYR1"('%&4#\"(2#"T3($"#$'XC3($"$'RMD"g"$ S13 djb d#qd%m34#(2#"t3($'"&>#%1#%4(3(%2#"t3($"c#%d&xcr4 S14 d+b 5RN$"#4#%:XCR4(#Q$#%Y'#%(1&%DX'# S15 dkb d#qd%m34#(m"vdxc"#(3(r&>3$(%3&9(q9"$(%$9t9(m"v$'3(&%q#d%'#%4 S16 dhb /#"T3($'"&>#%13(9Y3VDXN34# S17 d*b G%2#"T3($"C#%D&XC3(3(4RN$"#4#%:XC3(9Y3VDXN34# S18 d.,b Z"VDXC"$(3(R&>3$(%3&9(Q9"$(%$9T9(M"V$'3(&%Q#D%'3(9Y3VDXN34# S19 d..b 5/E(MS&'$>">X&3('3&SN34# S2 d.)b!9>sn#%(#%y3vdxn343(29d3("1'xm# S24 d.-b P3&9(Q9"$(&%Q#D%'3(%4#'S'9(">Y&9QXCR(%$9T9(%"1:#N3(MS&'$>">X&3(19>">N94$(3(%4#$#N3 C&3'9(19>">N94$ S3 d.=b G%"1:#N3(MS&'$>">X&3(%4#$#N3(C&3'9(">N94$($%1'9&3(D"VXN34R S32 d.jb j$'%&4#\"(>"&rd"(ms&'$>">x&3(y"d"(>#%"3y34"('%4>$(%4#'%'3($%1'9&3(d"vxn34r(m#$r$(m"v['r$(19>r S33 d.+b EVY'%&4#\"(>"&RD"(MS&'$>">X&3(Y"D"(>#%"3Y34"('%4>$(%4#'%'3($%1'9&3(D"VXN34R(M#$R$(M"V['R$(19>R S34 d.kb P3&9(Q9"$(&%Q#D%'3(%4#'S'9(19'S'9("1:#N3(Y"D"(>#%"3Y34"('%4>$ S35 d.hb!9's'9("1:#n3(%4#$#n3(c&3'9(">n94$(%4#'%'3($%1'9&3(d"vxn34r S36 d.*b G9(N"3"(>#%$"#$'X'#%(9Y3VDXN34#("&(9'%#1'9('%&4#\3 S38 d),b G9(N"3"(#Q$#%Y'#%(1&%DX'#("&(4"#XY9(>&9:%'3(V#14#(3(>&9:%'3(V#14%$(D"&CXC"$($R19'SN9(>%&#9D3 VXDQ(.(Y"D"4 S38 d).b P3&9(Q9"$("3D"$('#&Y3$(>&9:%'3(V#14%$ S39 d))b -(4S%T3("3D"$('#&Y3$(>&9:%'3(V#14%$ S39 d)-b P3&9(Q9"$(M"VDXC"$(9CV#YR:#N3(>%g\"$(V#14%$ S4 d)=b Z"VDXC"$(.,(Y"D3(9CV#YR:#N3(>%g\"$(V#14%$ S4 d)jb Dow Jones EURO STOXX BroadW(Standard & Poor's 5 3(Nikkei 225 #D%1$# S41 d)+b 5"1$RN343(C#V":%$('%19T"#$(19'$ S54 d)kb 5"1$RN343(C#V":%B(`#%TR$(#M%$'X:#N"$(3(>9&'2%g#%Y3VDXN34# S54 d)hb 5"1$RN343(C#V":%B(8&%:%$ S55 d)*b 5"1$RN343(C#V":%B(8"1"V>9N34# S55 d-,b 6"VM%#%(5/E(%'9(R&SN9("1'XM3(>R&4"#\"$(&"1$'3&9N9T#%(4"1$RN343(C#V":%$(D"&XN34# S59 d-.b P2%1'XM#%(M"V['3(13&$# S66 d-)b ^#M>3$SN#%(M"V['3(13&$# S66 d--b e%rv"#$(#%1tq%4%$(19>>&9d31'$ S69 d-=b 8"'S&#\"(:%3(#D%1$# S69 d-jb G%2#"T3($"C#%D&XCR4(#Q$#%Y'#%(1&%DX'#(L%'9O S7 d-+b 5RN$"#4#%:XCR4(#Q$#%Y'#%(1&%DX'#(L%'9O S7 S 71

155

156 TEHNISKĀS PIEZĪMES EURO ZONAS VALSTU PĀRSKATAM MONETĀRO NORIŠU PIEAUGUMA TEMPA APRĒĶINS Z#DSN9(>#%"3Y34"('%4>3(:%'3&1$XW(1"$(C%#DQ"$ "&(4S%$#('W(">&Sf#"(TRD#? ' % -/.& ) "O % % % -/.&(,1 ) & 13&( E ' ( #&( #QVXDQ#R'9( "'V#1343( #D%1$$( 4S%$X( ' L$1B( "&X( 'RVR1OB( _XDQXY#( ">&Sf#"( "&X( M#DSN9 >#%"3Y34"('%4>3(Y"DRW(1"$(C%#DQ"$("&(4S%$#('? CO SADAĻAI DARĪJUMU APJOMU APRĒĶINĀŠANA 5S%T"( D"&XN343( ">N943$( ">&Sf#"( 1R( 4S%T" "'V#1343( $'"&>XC3W( M%#:9'( >R&1V"$#2#:ST""$W >R&SNR$(>R&MS&'ST""$W(M"V['"$(13&$3($MR&$'XC3(3 N%C13&3(:#'3("&(D"&XN34#%4(%$"#$'X'3(>R&4"#\3 19&%1:#N3B n"(_ ' (#&("'V#134$(4S%T"('(C%#YR$W(U 5 '(((#&(4S%$X(' M%#1'R$(>R&1V"$#2#:ST""$(19&%1:#N"W(P 5 '((#&(M"V['"$ 13&$"( 19&%1:#N"( 3( Z 5 '(( #&( >R&SNR$( >R&MS&'ST""$ 19&%1:#N"$W( '"D( D"&XN343( ">N943$( / 5 ' 4S%$X( ' 9$"1"(TRD#? (((((:O(/ 5 '((x _XDQXY#(9$"1"("&X(:%'3&1T\"(D"&XN343(">N943$ / ' :%'3&1$XW(1"$(C%#DQ"$("&(4S%$#('? (((((!"#$ % &#' ' % -/.& ) % % % -/. &(,1 ) & 1 + 2*, 1 + 2*,,, +.. 2*,,, + 2*, &( 2 &( 2(,1.. &( 2 ) -/. &( 3 ) -/. )-/. &( 2(,1 &(,1 )-/. &(,/ &( , 9 9 -( 8 ( 7 ( & ( & (, & & 6& % % %, 9 9 -( 8 ( 7 ( & ( & ( 3 & & 6& $ " (,"!,-- " " # $ " (,"!,-- " " # 13&( _ 'q- ( #&( "'V#134$( 4S%T"( 'q-( C%#YR$ L#%>&#%1TSNR(:%'3&1T\"(C%#Y"$O(3(U ' W(>#%4S&"4W #&( :%'3&1$XW( 1"$( C%#DQ"$( "&( 4S%$#( 'W( M%#1'R >R&1V"$#2#:ST""$(19&%1:#N"B `R4(:%'3&1T\"(V"#1&#DR4W(>"&(13&R4(>"TV"#1(#& >#%%N"4#( 4S%T"( D"'#( L$1B( 'RVR1OW( :%'3&1T\" D"&XN343( ">N943$( M"&( ">&Sf#R'W( $344SN9' :%'3&1T\"('&#N9$(4S%T9$(M%#1'9$(D"&XN343$B PIEAUGUMA TEMPA APRĒĶINĀŠANA MĒNEŠA LAIKRINDĀM 8#%"3Y34"('%4>3(M"&(">&Sf#R'(9(D"&XN34#%4 M"#(9(#QVXDQ#R'9("'V#1343(#D%1$"B(n"(/ 5 '((3(_ ' 9$"1"( 'R>"'( 1R( #%>&#%1TW( '"D( #QVXDQ#R'9 "'V#1343(#D%1$$(E ' (4S%$X('(#&? (" 8"TV"#1( >"&( #D%1$"( CRQ#( L$%Q9RV# %#QVXDQ#R'R4( V"#1&#DR4O( #&( 9'%#1'$ ),,.B(Y"D"( D%:%4C&#$( x(.,,b( EQVXDQ#R'9 "'V#1343( #D%1$"( V"#1&#D"$( >#%%N"4"$( PUb #'%&%'"(V">R(LAAAB%:CB#'O($"D"g"$(wF'"'#$'#1"w ">"1T$"D"gR( wg"3d"w( C"13( D"&CXC"( 3( 2#"T3 '#&Y#wB 6"D"( >#%"3Y34"( '%4>3( " ' ( 4S%$X( 'W( 'B#BW >R&4"#\"$(.)(4S%T9$W(1"$(C%#DQ"$("&(4S%$#('W M"&( ">&Sf#R'W( #Q4"'9N9'( M#%3( 9( D#MR4 29&43VR4? )". *" : & & * ', $ % (,--. "! & &(,1 # 6"D"( >#%"3Y34"( '%4>$( "''#%:"$( 3Q( 9&RDX'R >%&#9D"( C%#YR4W( N"( "M( 9'%#1'$( :#'RD#B 8#%4S&"4W(),,)B(Y"D"4(>&9:%'3RVR$(>R&4"#\"$ $"VXDQ#RN34R( "&( #%>&#%1TSN9( Y"D3( ">&Sf#"( "& 29&43V3(YOW(D"V9'(),,)B(Y"D"(D%:%4C&"(#D%1$3 "&(),,.B(Y"D"(D%:%4C&"(#D%1$3B 8#%"3Y34"( '%4>3( "'$%M#Tf9$( Y"D"( >%&#9D9$( M"& 9'%#1'W( >#%4S&9N9'( 29&43V3( YOB( 8#%4S&"4W 4S%T"( >#%"3Y34"( '%4>3( " 5 '( M"&( ">&Sf#R'( "& 29&43V3? +".. ' $! % ) &, & 9& & * &(, (, $ " #,, 3 5 $ $ :, & 2 & * 14 % ' ) (,!,-- 9 "(. 2 - &, 2 2 * & ( ( # / 5. : & & * ', $ % (!,--. " & &(, #, %!