Gross domestic product in the 1st half of 2006 increased by 12.0%

08.09.2006

Compared to the corresponding period of the previous year, gross domestic product (GDP) in the first half of 2006 increased by 12.0%, according to the Central Statistical Bureau.

The increase in GDP in this period was due to the rises in the following sectors: 18.2% in trade (share in GDP structure 21.5%), 8.6% in transport and communications (14.2%), 6.5% in manufacturing (12.4%) and 16.7% in construction (5.7%).

Compared to the corresponding period of the previous year, GDP in the second quarter this year rose by 11.1%. The increases were 18.7% in trade, 10.9% in transport and communications, 4.3% in manufacturing and 16.1% in construction.

Contrary to the growth trend in agricultural production that has been persistent for several years, agricultural output in the 2nd quarter decreased by 6.4%, mainly due to the unfavourable weather conditions.

Changes in the most relevant sectors in the 2nd quarter of 2006 in comparison with the 2nd quarter of 2005 (at constant prices)

Retail trade

Transport and communications

Manufacturing

Construction

Key indicators of gross domestic product

Year

Gross domestic product, thsd lats

Gross domestic product per capita

Gross domestic product at constant prices, % of corresponding period of previous year

at current prices

at constant prices of 2000

at current prices, lats

at constant prices of 2000, lats

in euros

total

per capita

2005

8937330

7016928

3885

3050

5527

110.2

110.9

1st quarter

1844898

1635969

800

710

1139

107.6

108.2

2nd quarter

2166320

1761028

941

765

1339

111.2

111.8

3rd quarter

2339797

1792702

1018

780

1448

111.4

112.0

4th quarter

2586315

1827229

1126

796

1602

110.6

111.2

2006

1st quarter

2296544

1849852

1002

807

1425

113.1

113.7

2nd quarter

2647641

1956133

1157

855

1645

111.1

111.7

Gross domestic product by kind of activity in the 2nd quarter of 2006
(at constant prices, % of the corresponding period of the previous year)

A agriculture, hunting and forestry
B fishing
C mining and quarrying
D manufacturing
E electricity, gas and water supply
F construction
G trade
H hotels and restaurants
I transport and communication
J financial intermediation
K business services
L public administration and defence; compulsory social security
M education
N health and social work other community, social and personal service activities

Gross domestic product in the Baltic countries
(at constant prices, % of the corresponding period of the previous year)

Estonia for the 2nd quarter of 2006 – primary estimate; Lithuania – provisional results.

National accounts section
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Elita Kalniņa