International Internet Magazine. Baltic States news & analytics
Wednesday, 12.03.2014, 09:04
Data compiled by the Central Statistical Bureau of Latvia indicate that, in 2013, Gross Domestic Product (GDP) at current prices comprised EUR 23.3 billion (LVL 16.4 billion), but in the 4th quarter of 2013 – EUR 6.3 billion (LVL 4.4 billion).
Keyword tags: Analytics, Baltic, Economics, GDP, Markets and Companies
According to Statistics Estonia, in January 2014, exports of goods decreased by 20% and imports by 15% at current prices compared to January 2013.
Latest seasonally adjusted data (at current prices) compiled by the Central Statistical Bureau of Latvia show that, compared to December 2013, manufacturing turnover1 in January 2014 dropped by 3.2%, of which by 0.6% in domestic market and by 6.4% in export.
According to Statistics Estonia, the gross domestic product (GDP) of Estonia in 2013 increased 0.8% compared to the previous year. In the 4th quarter of 2013, the Estonian economy grew 0.3% compared to the 4th quarter of 2012.
Latvia's economy could grow 4% in 2014, whereas inflation could increase to about 1.5%, the International Monetary Fund (IMF) predicts, cites LETA.
The registered unemployment rate in Latvia rose 0.1% in February 2014, growing for the fourth consecutive month and reaching 9.9% of the economically-active population, reports LETA, referring to the State Employment Agency's data.
Statistics Lithuania informs that in February 2014, compared to January, just as in February 2013, compared to January 2012, zero inflation was recorded. In February 2014, compared to January, prices for consumer goods and services remained almost unchanged (minus 0.04%).
At the sitting of the State Budget Control Select Committee of the Riigikogu in Estonia, today the focus was on the audit report of the National Audit Office on the sustainability of the pension system of the state, reports LETA.
One-third of Latvia's residents believe that Russia's incursion in Ukraine is justified, whereas the proportion of non-Latvians who believe so is twice as high, according to a study carried out by the research company GfK in cooperation with the news agency LETA.
The number of registered jobless increased in February 2014 in Estonia and reached 36,334 people, which formed 5.7% of the working-age population, LETA/Postimees Online reports.
Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in January 2014 amounted to LTL 5.9 billion, imports – LTL 6.4 billion. Exports of goods of Lithuanian origin amounted to LTL 3.5 billion. The foreign trade deficit of Lithuania amounted to LTL 0.5 billion.
Compared to February 2013, the average consumer price level in February 2014 (1) rose by 0.5%. Prices of goods decreased by 0.3%, but prices of services grew by 2.5%.
According to Statistics Estonia, there were 6,400 job vacancies in the enterprises, institutions and organisations of Estonia in the 4th quarter of 2013. Their number decreased by 3.4% compared to the same period of 2012, and by a fourth compared to the previous quarter.
Latvia's share of renewable energy in final energy consumption amounted to 35.8% in 2012, the second highest in the European Union, according to the EU's statistical office Eurostat, cutes LETA.
So-called social dumping becomes a problem among the EU states regardless of the fact that vast majority of people move from one country to another to find employment, rather than claiming benefits. “Moving workers” are of considerable benefit to the economies and the welfare systems of the receiving countries. Working migrants rose from 4.7 million in 2005 to 8 million in 2013. However, the annual mobility rate in 2011-12 was only about 0.2% of the total EU population.