On Flash Estimate of Gross Domestic Product in the 2nd quarter of 2012


In accordance with the flash estimate of the CSB*, compared to the 2nd quarter of 2011, volume of the Gross Domestic Product (GDP)  in the 2nd quarter of 2012 increased by 5.1%, according to seasonally non-adjusted data. The growth in industry and in trade of 7% had a significant positive effect on the GDP. Increase was also recorded in the construction sector. The volume of the collected taxes on products rose by 9%.

Compared to the 1st quarter of 2012, in the 2nd quarter of 2012 the GDP increased by 1.0%, according to seasonally adjusted data.


More precise and extended rate and volume of the GDP in the second quarter of 2012 will be published in the press release of 7 September 2012

* Flash estimate includes forecast for changes in the economy at constant prices. Calculations are based on currently available short-term statistical data and econometric models.


Prepared by Quarterly National Accounts Section
Gita Ķiņķevska