In the 1st quarter of 2016, Gross Domestic Product reduced slightly

29.04.2016

Flash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 4th quarter of 2015, in the 1st quarter of 2016 Gross Domestic Product (GDP) value dropped slightly – by 0.1 %, according to seasonally adjusted data.

Compared to the corresponding period of 2015, in the 1st quarter of 2016, seasonally adjusted GDP grew by 1.3 %, while seasonally non-adjusted GDP – by 1.8 %.

The GDP changes were affected by the value growth of 2.3 % in trade sector, of 0.5 % in manufacturing, of 2.9 % – in transportation and storage, and reduction of 22 % in construction sector. 

Changes of GDP volume at constant prices, as per cent
(1st quarter 2014–1st quarter 2016)

More detailed press release on the GDP value and changes in the 1st quarter of 2016 will be published on 31 May 2016.

Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Tel.: + 371 67366924, + 371 67366621, + 371 27880666
www.twitter.com/CSB_Latvia
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More information on data:
Elita Kalniņa
Quarterly National Accounts Section
E-mail: Elita [dot] Kalnina [at] csb [dot] gov [dot] lv
Tel.: + 371 67366961