GDP flash estimate: growth in the 3rd quarter comprises 4.2%

11.11.2013

Flash estimate developed by the Central Statistical Bureau of Latvia (CSB) shows that, compared to the 3rd quarter of 2012, Gross Domestic Product (GDP) value (seasonally non-adjusted data) in the 3rd quarter of 2013 has increased by 4.2%. The upward pressure on the GDP value was applied by the increase in manufacturing (of 2.5%), retail trade (of 3%) and construction (of 10%).

In comparison with the 3rd quarter of 2012, rise in the services sectors comprised on average 8%, while collected taxes on products, e.g., value added tax and excise tax, have grown by 6%.

Seasonally adjusted data indicate that, compared to the 2nd quarter of 2013, GDP in the 3rd quarter of 2013 has grown by 1.2%.

GDP value changes at constant prices, Q1 2011 - Q3 2013*

Data source: Central Statistical Bureau of Latvia

More precise rate and extended value of the GDP in the 3rd quarter of 2013 will be published on 9 December 2013.

 

More information:
Elita Kalniņa
Quarterly National Accounts Section
Tel. +371 67366961



* Since September 30, CSB is publishing GDP data at constant prices, changing the reference year from 2000 to 2010. For More detailed explanation on the changes in the reference year is available at CSB webpage, see information published on September 30.