International Internet Magazine. Baltic States news & analytics
Wednesday, 12.03.2014, 21:36
Latvia maintains EU's fastest economic growth in Q4
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.