Flash estimate indicates GDP rise of 1.5 % in the 3rd quarter


Flash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 2nd quarter, in the 3rd quarter of 2017, Gross Domestic Product (GDP) according to both seasonally and calendar adjusted data grew by 1.5 %.

Compared to the corresponding period of 2016, in the 3rd quarter of 2017 GDP rose by 6.2 % according to seasonally and calendar adjusted data and by 5.8 % according to non-adjusted data.

During the 3rd quarter, GDP was affected by the increase of 8 % in industrial output, rise of 23 % in construction, and growth of 4 % in services, of which by 5 % in retail trade. Compared to the corresponding period of the previous year, the taxes on products collected went up by 4 %.

Changes in GDP volume at constant prices, Q3 2015Q3 2017

More detailed press release on the precise value of and changes in the GDP during the 3rd quarter of 2017 will be published on 30 November.




Media requests:
Communication Section
E-mail: mmedia [at] csb [dot] gov [dot] lv
Phone: +371 67366621, +371 27880666


More information on data:
Elita Kalniņa
Quarterly National Accounts Section
E-mail: Elita [dot] Kalnina [at] csb [dot] gov [dot] lv
Phone: +371 67366961