In the 4th quarter of 2014 gross domestic product increased by 0.4%

30.01.2015

In the 4th quarter of 2014, compared with the 3rd quarter of 2014, Gross Domestic Product (GDP) value (seasonally adjusted data) rose by 0.4%, according to flash estimate of the Central Statistical Bureau (CSB). Compared with the 4th quarter of 2013, GDP growth comprised 1.9%.

According to seasonally unadjusted data, compared with the 4th quarter of 2013, the GDP in the 4th quarter of 2014 grew by 1.9%.

The GDP increase was affected by rise in trade by 2% and in construction – by 3%. But in services sectors (excluding trade) turnover level mainly remained at the level of 4th quarter of 2013. Manufacturing turnover decreased by 2%.

Changes of GDP volume at constant prices, as per cent

(1st quarter 2013 - 4th quarter 2014)

Data source: Central Statstical Bureau of Latvia

More precise and extended value and changes of the GDP in the 4th quarter of 2014 will be available in the press release of 27 February 2015.

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