Analytics, Economics, EU – Baltic States, GDP

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 22:02

Latvia shows one of the fastest economic growths in EU in Q3

BC, Riga, 08.12.2017.Print version
During the third quarter of 2017, Latvia showed one of the fastest gross domestic product (GDP) growths against the same period last year in the EU, according to revised data on 26 EU member states, released by Eurostat on December 7th, cites LETA.

According to seasonally adjusted data, in July-September 2017, Latvia’s GDP expanded by 6.2% year-on-year. The strongest growth was recorded in Romania (+8.6%), while Malta reported a 7.7% growth, Poland had 5.2%.

 

Lithuania showed 3.4% growth, and Estonian reported a 4.2% growth.

 

All the 26 EU member states reporting their data increased their GDP in annual terms in the third quarter of this year.

 

Compared to the second quarter of 2017, Latvia’s GDP grew by 1.5% in the third quarter of 2017. Only Romania (+2.6%) and Malta (+1.9%) demonstrated a steeper growth. Estonia’s economy increased by 0.3%, and Lithuania’s GDP rise by 0.1%.

 

Compared to the third quarter of 2016, the GDP of the 26 EU member states and the euro area increased by 2.6%, while GDP in the third quarter compared to the second quarter rose 0.6% both in the EU and the eurozone.

 

Data on Ireland and Luxembourg have not been made available. Statistics on the Netherlands are based on workday-adjusted data.






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