In the 4th quarter, Gross Domestic Product remains at the level of previous quarter

29.01.2016

In the 4th quarter of 2015, Gross Domestic Product (GDP) (seasonally adjusted data) remained at the level of the 3rd quarter (decrease by 0,01%), according to flash estimate of the Central Statistical Bureau (CSB).

In the 4th quarter of 2015, as compared to the corresponding period of 2014, seasonally adjusted GDP grew by 2.6% while seasonally non-adjusted GDP increased by 3.0%.

The GDP changes were affected by 3% growth of value added in industry and 1% increase in the services sector (without retail trade). Value added in retail trade increased by 3%, while in construction decreased by 7%.

Changes of GDP volume at constant prices, as per cent

(1st quarter 2014 – 4th quarter 2015)

Data source: Central Statistical Bureau of Latvia

A more detailed press release on the value and changes of GDP in the 4th quarter of 2015 will be available on 29 February 2016.

 

Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
media [at] csb [dot] gov [dot] lv
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More information on data:Quarterly National Accounts Section
Elita Kalniņa
Elita [dot] Kalnina [at] csb [dot] gov [dot] lv
Tel. +371 67366961