In the 1st quarter of 2015 gross domestic product rose by 0.4%

30.04.2015

In the 1st quarter of 2015, compared with the 4th quarter of 2014, Gross Domestic Product (GDP) value (seasonally adjusted data) increased by 0.4%, according to flash estimate of the Central Statistical Bureau (CSB).

In the 1st quarter of 2015, compared with the corresponding period of 2014, according to seasonally adjusted data, GDP rose by 2.1%. According to seasonally unadjusted data, GDP growth comprised 2.0%.

The GDP increase was affected by rise in manufacturing by 4% and in services sector (without trade) – by 2%. Value added in trade remained at the level of 1st quarter of 2014. Construction production volume reduced by 1%.

Changes of GDP volume at constant prices, as per cent
(1st quarter 2013 – 1st quarter 2015)

Data source: Central Statistical Bureau of Latvia

More extended press release on more precise value and changes of the GDP in the 1st quarter of 2015 will be available on 29 May 2015.

 

More information:
Gita Ķiņķevska
Quarterly National Accounts Section
Tel. +371 67366791