Analytics, Economics, GDP, Latvia
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Saturday, 20.04.2024, 03:49
In Q1, GDP in Latvia dropped by 0.1%
Elita Kalniņa, Statistics Latvia, 29.04.2016.
Print version
Print versionFlash estimate of the Central Statistical Bureau (CSB) shows that, compared to the 4th quarter of 2015, in the 1st quarter of 2016, Gross Domestic Product (GDP) value dropped slightly – by 0.1%, according to seasonally adjusted data.
Compared to the corresponding period of 2015, in the 1st quarter of 2016, seasonally adjusted GDP grew by 1.3%, while seasonally non-adjusted GDP – by 1.8%.
The GDP changes were affected by the
value growth of 2.3% in trade sector, of 0.5% in manufacturing, of 2.9% – in
transportation and storage, and reduction of 22% in construction sector.
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| Changes of GDP volume at constant prices, as% (1st quarter 2014–1st quarter 2016) |
More detailed press release on the GDP value and changes in the 1st quarter of 2016 will be published on 31 May 2016.
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