Analytics, Economics, EU – Baltic States, GDP

International Internet Magazine. Baltic States news & analytics Friday, 25.05.2018, 13:48

Latvia maintains EU's fastest economic growth in Q4

BC, Riga, 07.03.2013.Print version
Latvia registered the highest gross domestic product growth (year-on-year and quarter-on-quarter) in the European Union in the fourth quarter of 2012, according to the updated estimates published by Eurostat, the statistical office of the European Union. Estonia displayed the second fastest economic growth year-on-year – 3.4%, followed by Lithuania – 3%, writes LETA.

The data on Latvia, first published in the office's flash estimate this past February, were not revised. Latvia's GDP grew 5.7% in the fourth quarter of 2012, compared to the respective period in 2011.


Estonia's estimate was not revised, Lithuania's – reduced by 0.1%.


Compared to the fourth quarter of 2011, GDP fell 0.9% in the euro area and 0.6% in the EU in the fourth quarter of 2012.


In comparison with the third quarter of 2012, GDP fell 0.6% in the euro area and 0.5% in the EU in the fourth quarter of 2012.


Latvia also recorded the fastest economic growth quarter-on-quarter – 1.3%, followed by Estonia – 0.9%. Both estimates were not revised. Lithuania's estimate was reduced from 1% to 0.7%, the third highest GDP growth (quarter-on-quarter) in the EU.

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