According to the flash estimate, GDP rose by 0.5 % in the 3rd quarter

31.10.2016

According to the flash estimate of the Central Statistical Bureau (CSB), in the 3rd quarter of 2016, as compared to the 2nd quarter, the gross domestic product (GDP) value (seasonally and working days adjusted data) increased by 0.5 %.

Compared to the corresponding period of 2015, during the 3rd quarter of 2016 seasonally and working days adjusted GDP grew by 0.7 %, while seasonally and working days non-adjusted GDP increased by 0.8 %.

The growth of the GDP was affected by a 2 % increase in the output in industry and a 1 % increase in the output of the service sector. As compared to the 3rd quarter of 2015, there was a 24 % drop in the construction sector, however, the added value of the construction sector increased by more than 30 % (seasonally and working days non-adjusted data) in comparison to the 2nd quarter of the present year. The volume of taxes of products collected was 4 % larger than during the corresponding period of the previous year.

Changes of GDP volume at constant prices, as per cent
(3rd quarter 2014 – 3rd quarter 2016)

A more detailed press release on the precise value and changes of the GDP during the 3rd quarter of 2016 will be available on 30 November 2016.

Media requests:
Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366621, +371 27880666
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More information on data:
Dace Tomase
Director of Macroeconomic Statistics Department
E-mail: Dace [dot] Tomase [at] csb [dot] gov [dot] lv
Phone: +371 67366844