Analytics, Economics, GDP, Latvia
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Tuesday, 09.06.2026, 06:59
Citadele economist forecasts 2% to 3% GDP growth for Latvia in 2013
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The fact that Latvia's GDP growth slowed down in the first quarter of 2013 was only logical, said the economist, adding that the average growth figures in the Baltic States were already previously lower than in Latvia.
From a macroeconomic perspective, the first quarter of 2013 is rather peculiar not only in Latvia, but also elsewhere due to the impact of seasonal factors. The first quarter is usually marked by a decline in economic activity. It comes after the Christmas shopping season and is still very cold, explained Vaikulis.
As reported, compared to the first quarter of 2012, Latvia's gross domestic product grew 3.1% in the first quarter of 2013, according to the Central Statistical Bureau's flash estimate.
According to seasonally adjusted data, the GDP rose 1.2% in the first quarter of 2013, compared to the fourth quarter of 2012.
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