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Saturday, 13.02.2016, 08:49
Latvia's gross domestic product in the fourth quarter of 2015 remained unchanged as compared to the third quarter, according to the latest Eurostat data. Estonia recorded the steepest GDP growth, reports LETA.
Keyword tags: Analytics, Economics, EU – Baltic States, GDP
Lithuania recorded a current account deficit of 934.2 million euros for 2015, which accounted for 2.5% of GDP for the year, the central bank (LIetuvos bankas) said on Friday, cites LETA/BNS.
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 0.7% in the 4th quarter of 2015 compared to the 4th quarter of 2014.
The European Commission estimates that Lithuania's GDP grew by 1.6% in 2015 and forecasts that the country's economic growth will accelerate to 2.9% in 2016 and to 3.4% in 2017, informs LETA/BNS.
The Latvian economy continued to grow in 2015 despite a tense geopolitical situation in the region, Janis Salmins, vice-director of the structural policy department of the Economics Ministry, told LETA.
Statistics Lithuania informs that in 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 37 241.7 million at current prices. Compared to 2014, the real GDP growth stood at 1.7% (1) (seasonally and working day unadjusted – at 1.6%).
In the 4th quarter of 2015, Gross Domestic Product (GDP) (seasonally adjusted data) remained at the level of the 3rd quarter (decrease by 0,01%), according to flash estimate of the Central Statistical Bureau (CSB).