In the 2nd quarter of 2016, Gross Domestic Product rose by 0.4 %
According to the flash estimate of the Central Statistical Bureau (CSB), in the 2nd quarter of 2016, compared with the 1st quarter of 2016, Gross Domestic Product (GDP) value (seasonally and working days adjusted data) increased by 0.4 %.
Compared to the corresponding period of 2015, during the 2nd quarter of 2016 seasonally and working days adjusted GDP grew by 0.7 %, while seasonally and working days non-adjusted GDP increased by 2.1 %.
The GDP changes were affected by a 7 % increase in the added value of manufacturing and a 3 % increase in retail trade, as well as a drop of 22 % in the construction sector (seasonally and working days non-adjusted data).
Changes of GDP volume at constant prices, as per cent
(2nd quarter 2014 – 2nd quarter 2016)
A more detailed press release on the precise value and changes of the GDP during the 2nd quarter of 2016 will be available on 31 August 2016.
Beate Danusēviča, Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Tel: +371 67366924, +371 67366621, +371 27880666
More information on data:
Quarterly National Accounts Section
E-mail: Gita [dot] Kinkevska [at] csb [dot] gov [dot] lv
Tel: +371 67366791
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