In the 4th quarter of 2010 gross domestic product increased by 3.6%, but in 2010 – has decreased by 0.3%

11.03.2011

Compared to 2009 gross domestic product (GDP) in 2010 has reduced by 0.3%, but in the fourth quarter of 2010, compared to the fourth quarter of 2009, it has grown by 3.6%, according to the seasonally non-adjusted data of the Central Statistical Bureau.

According to seasonally adjusted data, the fourth quarter of 2010 over the third quarter of 2010 has increased by 1.1%, but over the fourth quarter of 2009 – by 3.6%.*

Year

Gross Domestic Product1

(seasonally non-adjusted data)

Gross Domestic Product per capita

mln lats

at constant prices, % of the corresponding quarter of the previous year

in lats

at current prices

at constant prices of 2000

at current prices

at constant prices of 2000

2009

13 083

6 828

82.0

5 802

3 028

1st quarter

3 309

1 556

82.2

1 464

688

2nd quarter

3 340

1 710

81.9

1 480

758

3rd quarter

3 221

1 751

80.9

1 429

777

4th quarter

3 213

1 811

83.2

1 428

805

2010

12 736

6 805

99.7

5 688

3 039

1st quarter

2 853

1 461

93.9

1 270

651

2nd quarter

3 143

1 667

97.4

1 402

743

3rd quarter

3 291

1 801

102.8

1 471

805

4th quarter

3 449

1 876

103.6

1 545

841

1 Data are updated for the 1st – 3rd quarter of 2010

Production approach

The increase in GDP was due to the rises in the following sectors: trade (share in GDP structure – 15.1%) - by 10.6%, manufacturing (13.0%) – by 17.9% and transport and communications (11.5%) – by 1.6%. Volume drop remained in construction (5.4%) – by 9.6%.

Changes of GDP in the 4th quarter of 2010 by kind of economic activity

(NACE Rev. 1.1, at constant prices, % of the corresponding quarter of the previous year)

A Agriculture, hunting and forestry;
B Fishing;
C Mining and quarrying;
D Manufacturing;
E Electricity, gas and water supply;
F construction;
G Wholesale, retail trade; repair of motor vehicles, motorcycles, personal, household goods;
H Hotels and restaurants;
I Transport and communications;
J Financial intermediation;
K Real estate, renting and business activities;
L Public administration and defence; compulsory social security;
M Education;
N Health and social work;
O
Other community, social and personal service activities;
D.21-D.31 product taxes minus subsidies

 

Impact of production approach components on changes of gross domestic product  (at constant prices, percentage points)

 

Changes in the key sectors in the 4th quarter of 2010
(at constant prices, % of the corresponding quarter of the previous year)

Retail trade

Transport and communications

Manufacturing

Construction

Expenditure approach

Compared to the 4th quarter of 2009private final consumption in the 4th quarter of 2010 grew by 6.5% (at constant prices). In final private consumption major expenditure was on housing maintenance which increased by 6.9%, on food – by 2.9%, and on transport – by 8.1%. Also gross fixed capital formation grew by 4.0%, as well as imports - by 27.9% and exports – by 21.9%. But government final consumption grew by 4.5%.

Increase of gross domestic product by main expenditure items

at current prices, % of the corresponding quarter of the previous year

at constant prices, % of the corresponding quarter of the previous year

In the 4th quarter of 2010 over the 4th quarter of 2009increase of purchase volume in private final consumptionat constant prices was observed by 5.2%. Government final consumption expenditure decreased by 9.4%, but expenditure on gross capital formation – by 1.8%. Export of goods (72.3% of total exports) has risen by 14.1% and exports of services – by 13.0%. However, volume of imports of goods (85.1% of total imports) has increased by 17.8%, but volume of imports of services – by 11.0%.

Impact of use approach components on changes of gross domestic product (at constant prices, percentage points)

 

Changes of Gross Domestic Product in the Baltic Countries (at constant prices, % of the corresponding period of the previous year)

* According to the calculation methodology, when new period is added, seasonally adjusted time series is changing. New time series is available in CSB data base.

 

Prepared by Quarterly National Accounts Section
Tel. 67366791
Gita Ķiņķevska