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Wednesday, 29.03.2017, 12:13
In the fourth quarter of last year the gross domestic product increased on quarter among European Union member states the most in Estonia, writes LETA/BNS.
Keyword tags: Analytics, Baltic, Economics, EU – Baltic States, GDP, Good for Business, Statistics
The year 2016 was spent in expectations of investment as well as against a background of weak external demand. As indicated by the economic growth data published by the Central Statistical Bureau, gross domestic product (GDP) at constant prices and by seasonally and working-day adjusted data, increased by only 1.3% in 2016, which represents the lowest rise in the last six years.
Data compiled by the Central Statistical Bureau (CSB) show that in 2016, as compared to 2015, Gross Domestic Product (GDP) increased by 2.0%. In 2016, GDP at current prices amounted to EUR 25 bln, whereas at constant prices – to EUR 21.8 bln
According to Statistics Estonia, in 2016, the gross domestic product (GDP) of Estonia increased 1.6% compared to 2015. In the 4th quarter of 2016, the Estonian economy grew 2.7% compared to the 4th quarter of 2015.
Latvia’s economic growth will accelerate to 3.2% this year and 3.4% in 2018, according to the Finance Ministry’s forecast writes LETA.