Compared to 2015, in 2016 industrial production volume1 grew by 4.9 % (according to calendar adjusted data at constant prices). Growth was facilitated by an increase in the output of manufacturing (of 5.0 %) and electricity and gas supply (of 6.4 %), whereas miming and quarrying experienced a drop of 0.3 %.
424 thousand persons or 21.8 % of Latvia population were at risk of poverty in 2015 – 0.7 percentage points less than in 2014. The share of persons suffering from severe material deprivation has declined sharply – from 16.4 % in 2015 to 12.8 % in 2016.
On 1 February, Central Statistical Bureau will launch annual survey on income and living conditions of Latvia population.
Compared to 2015, total retail trade turnover in 2016 rose by 1.9 %. Turnover of retail trade in food products declined by 1.0 %, whereas turnover of retail trade in non-food products grew by 3.7 %.
According to the flash estimate of the Central Statistical Bureau (CSB), in the 4th quarter of 2016, compared to the 3rd quarter of 2016, the gross domestic product (GDP) value (seasonally and working days adjusted data) increased by 0.8 %.
New data have been published in sections: Geographical data; Producer prices; Business Tendency; Energy.
Compared to December of the previous year, in December 2016 the level of construction costs in Latvia increased by 0.4 %. Labour remuneration of workers grew by 3.5 %, maintenance and operational costs of machinery and equipment rose by 1.1 %, whereas prices of building materials decreased by 1.1 %.
New data have been published in sections: Geographical data; Producer prices; Gross domestic product; Population; Monetary poverty and income inequality; Personal income; Tourism.
In the academic year 2016/2017 the number of students studying in higher education institutions of Latvia accounted for 82.9 thousand, indicating a decline of 2 %. Currently in Latvia there are 56 higher education institutions – 30 universities and 26 colleges.
In December 2016, compared to December 2015, the average level of producer prices fell by 0.8 %. Prices of products sold on the domestic market dropped by 1.1 %, whereas prices of exported products decreased by 0.6 %.
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