In the 3rd quarter of 2015 gross domestic product rose by 0.4%

30.10.2015

In the 3rd quarter of 2015, as compared with the 2nd quarter of 2015, Gross Domestic Product (GDP) value (seasonally adjusted data) increased by 0.4%, according to flash estimate of the Central Statistical Bureau (CSB).

In the 3rd quarter of 2015, as compared with the corresponding period of 2014, GDP according to seasonally adjusted data grew by 2.5%. Also according to seasonally non-adjusted data GDP increased by 2.5%.

The GDP increase was affected by growth in production sectors of 3% and in services sector (without trade) – of 2%. Value added in trade increased by 3%.

Changes of GDP volume at constant prices, as per cent

(1st quarter 2014 – 3rd quarter 2015)

Data source: Central Statistical Bureau of Latvia

More extended press release on precise value and changes of GDP in the 3rd quarter of 2015 will be available on 30 November 2015.

 

More information:
Elita Kalniņa
Quarterly National Accounts Section
Tel. +371 67366961