GDP flash estimate: in the 1st quarter increase of 2.8%
In the 1st quarter of 2014, compared to the 1st quarter of 2013, gross domestic product (GDP) value (seasonally unadjusted data) has increased by 2.8%, according to flash estimate of the CSB. The GDP was affected by the value increase in retail trade (of 2.6%) and other services (of 3%). Increase in construction comprised 25%. Growth in manufacturing constituted 1%, but in total industry experienced fall of 2%.
According to seasonally adjusted data in the 1st quarter of 2014, compared to the 4th quarter of 2013, GDP has grown by 0.7%.
More precise and extended rate and value of the GDP in the first quarter of this year will be available in the press release of June 9.
Quarterly National Accounts Section
Phone: +371 67366791