GDP flash estimate: growth in the second quarter by 3.8%


According to flash estimate of the CSB, in the 2nd quarter of 2013, compared to the 2nd quarter of 2012, gross domestic product (GDP) value (seasonally unadjusted data) has increased by 3.8%.GDP growth was affected by increases in services sectors – of 7%, in trade – of 3% and in construction – of 5%, as well as well by decreases in manufacturing by 0.6%.

According to seasonally adjusted data in the 2nd quarter of 2013, compared to the 1st quarter of 2013, GDP has grown by 0.5%.

GDP volume changes at constant prices (as %) in 2nd quarter of 2011 - 2nd quarter of 2013

Data source: Central Statistical Bureau of Latvia

More precise rate and extended value of the GDP in the second quarter of this year will be available in the press release of September 6.


More information
Quarterly National Accounts Section
Elita Kalniņa
Tel. 67366961