International Internet Magazine. Baltic States news & analytics
Saturday, 01.08.2015, 04:27
In the 2nd quarter of 2015, compared with the 1st quarter of 2015, Gross Domestic Product (GDP) value (seasonally adjusted data) increased by 1.2%, according to flash estimate of the Central Statistical Bureau (CSB).
Keyword tags: Analytics, Economics, GDP, Latvia, Markets and Companies
Statistics Lithuania informs that in II quarter 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 9 274.9 million at current prices.
Main present “measurement key” in the national economy is GDP, i.e. size of gross domestic product. However, generally the states’ progress are measured by the governments’ expenditures, which among EU-28 states are about half of the GDP. Recent Eurostat’s account proves that. In order to get a closer look at the issue, we provide examples from the United States’ government expenditure.
Latvia's government debt to GDP ratio stood at 35% at the end of the first quarter of 2015 – the fourth lowest government debt across the European Union, according to the latest data from the EU's statistical office Eurostat. Estonia registered the lowest one, writes LETA.
Latvia's gross domestic product could increase 2% in 2015, whereas inflation could be around 0.9%, reports LETA, according to the Economy Ministry's forecasts.
In 2014, higher education and general government sectors spent EUR 260.5 mln. on research and experimental development (R&D), writes LETA/ELTA.
Latvia's GDP growth this year will be at 2.6%, a bit less than the previous forecast of 2.9%, according to the latest Ernst & Young's (EY) Eurozone Economic Forecast, reports LETA.