International Internet Magazine. Baltic States news & analytics
Monday, 09.12.2013, 02:09
Compared to the respective period in 2012, Latvia recorded the second fastest economic growth in the European Union in the third quarter of 2013, according to the latest data from the EU's statistical office Eurostat. Romania displayed the fastest economic growth year-on-year – 4.1%, followed by Latvia – 3.9%, and Lithuania – 2.3%, informs LETA.
Keyword tags: Analytics, Economics, EU – Baltic States, GDP
According to Statistics Estonia, expenditures on research and development in Estonia amounted to 380.7 million euros in 2012, being 3.7 million euros or 1% less than in 2011.
Statistics Lithuania, based on more comprehensive business, tax and price statistics, has revised the first GDP estimate for III quarter 2013 and, additionally, estimated GDP components by production and expenditure approaches. According to the revised data, in III quarter 2013, GDP at current prices amounted to LTL 32 165 million.
Latvia's gross domestic product growth will be 4.5% to 5% over the years 2014-2015, believes SEB banka macroeconomic expert Dainis Gaspuitis, cites LETA/Nozare.lv.
The Organisation for Economic Co-operation and Development (OECD) estimates that Estonia's economy will grow at the similar rate as the OECD average – in 2013 Estonia's GDP is forecast to grow 1% and next year 2.4%, LETA/Postimees Online reports.
The Economic and Monetary Affairs Committee of the Association of Commercial Banks of Latvia predicts that Latvia's gross domestic product (GDP) will grow 4.3% in 2013, 4.5% in 2014, 4.3% in 2015, informs LETA/Nozare.lv.
Compared to the respective period in 2012, Latvia recorded the second fastest economic growth in the European Union in the third quarter of 2013, according to the latest data from the EU's statistical office Eurostat, writes LETA.