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In January, industrial output grew by 4.2 %
Compared to January 2017, in January 2018 industrial production output increased by 4.2 % (according to calendar adjusted data at constant prices).
In 2017, average housing costs amounted to EUR 138 monthly
In 2017 housing costs constituted EUR 138 monthly. Over the last two years, housing costs almost have not changed.
In 2017 the amount of passengers rose, volume of freights carried reduced
In 2017 the amount of passengers arrived at and departed from the Riga International Airport for the first time has exceeded 6 million.
In 2017, average earnings constituted 926 euros
In 2017 the average gross wages and salaries for full-time work in Latvia comprised 926 euros. Compared to 2016, the average wages and salaries rose by 67 euros or 7.9 %, moreover in all economic activities.
In January, retail trade turnover grew by 7.1 %
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to January 2017, in January 2018 total retail trade turnover rose by 7.1 %.
GDP has grown by 4.5 % in 2017 and by 4.2 % in the 4th quarter
In 2017, as compared to 2016, the economic growth continued and Gross Domestic Product (GDP) increased by 4.5 %. In 2017, GDP at current prices amounted to EUR 26.9 billion.
In January, construction costs increased by 0.3 %
Compared to December 2017, in January 2018 the level of construction costs in Latvia grew by 0.3 %. Prices of building materials rose by 0.9 %, maintenance and operational costs of machinery and equipment did not change significantly, but labour remuneration of workers dropped by 0.4 %.
CSB will continue surveying population on income and living conditions
From the beginning of March until the end of June, Central Statistical Bureau will keep surveying population on income and living conditions. Respondents will be asked about household composition, social and economic characteristics of household members, housing conditions, income, self-perceived health status, material deprivation indicators, as well as population well-being.
In 2017, 62.9 % of Latvia population were employed
894.8 thousand people or 62.9 % of Latvia population aged 15–74 were employed in 2017. Compared to the year before, in 2017 employment rate grew by 1.3 percentage points and number of employed persons by 1.5 thousand.
In 2017, Latvian unemployment rate fell to 8.7 %
85.4 thousand people aged 15–74 were unemployed in 2017. Compared to 2016, the number of unemployed persons has dropped by 9.9 thousand or 10.4 %.