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OECD CSSP praises the progress made by Latvia since its accession
On 20–21 June, the 15th meeting of the Committee on Statistics and Statistical Policy of the Organisation for Economic Co-operation and Development (OECD) took place in Geneva, where Aija Žīgure, President of the Central Statistical Bureau of Latvia , presented the progress achieved in Latvian statistics since the country’s accession to the OECD:
In May, level of producer prices in industry increased by 0.1 %
Compared to April, in May 2018 level of producer prices in the Latvian industry rose by 0.1 %.
Last year, amount of electricity produced in hydro and wind power plants up by 70.5 %
In 2017 gross energy consumption in Latvia comprised 194.9 petajoules (PJ), which is 5.5 % more than in 2016.
In April foreign trade turnover in goods was 13 % larger than last year
In April 2018 the foreign trade turnover of Latvia amounted to EUR 2.13 billion, which at current prices was 13.0 % more than in April 2017, of which the exports value of goods was 15.3 % and imports value of goods was 11.0 % higher.
During the year, the average level of consumer prices increased by 2.3 %
During the year the average level of consumer prices rose by 2.3 %. Prices of goods grew by 1.9 % and prices of services by 3.2 %.
During the previous year, Latvian residents spent EUR 931 million on trips
In 2017, as compared to 2016, the number of same-day trips of Latvian residents grew by 5.8 % and their expenditure – by 11.1 %.
In the 1st quarter the volume of freights carried is reducing; more passengers at ports and airport
Compared to the 1st quarter of 2017, during the 1st quarter of 2018 the volume of freights carried by land and pipelines decreased by 2.3 million tonnes or 7.7 % and freight turnover – by 10.4 %.
Net wages and salaries growing faster
In the 1st quarter of 2018 the average monthly gross wages and salaries for full-time work in Latvia comprised EUR 961, growing by 8.6 % or EUR 76 over the year.
GDP has grown by 4.2 % in the 1st quarter
In the 1st quarter of 2018, compared to the 1st quarter of 2017, the gross domestic product (seasonally and calendar non-adjusted data) increased by 4.2 %.