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

30.10.2017

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.

 

 

 

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