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Friday, 30.01.2015, 17:29
In the 4th quarter of 2014, compared with the 3rd quarter of 2014, Gross Domestic Product (GDP) value (seasonally adjusted data) rose by 0.4%, according to flash estimate of the Central Statistical Bureau (CSB).
Keyword tags: Analytics, Economics, GDP, Latvia, Markets and Companies
Data of Central Statistical Bureau (CSB) show that, compared with 2013, retail trade turnover, according to calendar adjusted data, in 2014 increased by 3.6%. Retail trade in food products grew by 3.6%, whereas retail trade of non-food products – by 3.7%.
According to the preliminary data of Statistics Estonia, in 2014 the production of industrial enterprises grew 2% compared to the previous year. Production increased 4% in manufacturing, but decreased nearly 6% in mining and energy.
Statistics Lithuania informs that in 2014 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36 270.8 million (LTL 125 236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9%.
According to Statistics Estonia, in December 2014 compared to December 2013, the retail sales of goods of retail trade enterprises increased 6% at constant prices. Since August, the retail sales growth has remained within a stable of 5–6% compared to the same month of the previous year.
Based on preliminary data of Statistics Lithuania, in 2014 export accounted for EUR 24.4 billion while import for EUR 26.5 billion. Compared with 2013, export decreased by 0.8% while import increased by 1%. Foreign trade deficit was EUR 2.1 billion, reports LETA/ELTA.
In the first nine months of 2014, Lithuanian companies earned EUR 2.7 billion in pre-tax profit or by 23% more compared with the relevant period of 2013, reports LETA/ELTA.
Based on preliminary data of Statistics Lithuania, in 2014 compared with 2013, the average gross wage, including sole proprietorships, increased by 4.6% or EUR 30 and stood at EUR 676.4, informs LETA/ELTA.
In 2014, the majority of investments were registered in Riga, Jurmala, and Marupe Region; meanwhile, companies that made the largest investments were registered in Riga, Jelgava, and Liepaja, reports LETA, according to Lursoft.
In 2014, the number of night tourists spent at Latvian hotels and other accommodation establishments increased by 11.1%, which is the largest increase amongst EU members, LETA/Eurostat informs.
Statistics Lithuania informs that construction input prices in December 2014, against November, increased by 0.5%. Over the year (December 2014, against December 2013), construction input prices increased by 1.7%.
According to Statistics Estonia, in 2013, 22.1% of the Estonian population lived in relative poverty and 8% of the Estonian population lived in absolute poverty.
The economy of Latvia is cooling, therefore specific measures need to be implemented in order to "warm it up", the Bank of Latvia President Ilmars Rimsevics said in an interview with the LNT show "900 sekundes" this morning, informs LETA.
At his meeting with Jose Angel Gurria, Secretary-General of the OECD, on Wednesday in Tallinn, Estonian Prime Minister Taavi Rõivas stated that the growth in productivity and lowering labour taxes that are highlighted in the OECD report are also an important part of Estonian Government policy, reports BC the Government Communication Unit.
The Estonian government approved at its Thursday meeting of the state pension index value for the year 2015, as the result of which, the average increase of pensions from 1 April 2015 is 6.3%, LETA/Public Broadcasting reports.