Analytics, Economics, EU – Baltic States, GDP

International Internet Magazine. Baltic States news & analytics Wednesday, 08.02.2023, 15:44

Latvia and Lithuania record EU's second fastest economic growth in Q4

BC, Riga, 05.03.2014.Print version
Latvia recorded 3.6% economic growth in the last quarter of 2013 as compared with the fourth quarter of 2012, which was the second-fastest growth in all of the European Union member states for which data are available, according to the EU statistical office Eurostat release. Romania registered the fastest economic growth of 5.1%, whereas Latvian and Lithuanian economies increased by 3.6%, writes LETA.

On the other hand, the Cypriot economy shrank 5.3%, Greece recorded a 2.6% fall and Hungary a 1.2% decrease.


Estonia's gross domestic product reduced 0.2%.


The EU's economy increased 1.1% in the fourth quarter last year from the same period in 2012, whereas eurozone's GDP increased 0.5%.


When compared to the third quarter of 2013, the EU's GDP increased 0.4% in the fourth quarter, while eurozone's economy grew 0.3%.


Latvia's GDP increased 0.7% – the sixth steepest increase in the EU.


Sweden's GDP rose the most, 1.7%, followed by Czech Republic with 1.6% and Romania with 1.5% increases in GDP.


Cyprus recorded a 1% fall in GDP, the economy of Denmark decreased 0.5% and of Finland – 0.8%.


Lithuania registered the EU's fourth steepest increase in GDP in quarter on quarter – 1.2%, whereas Estonia's GDP decreased 0.1% – the fourth steepest decrease across the EU.

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