Analytics, Economics, GDP, Latvia, Statistics

International Internet Magazine. Baltic States news & analytics Wednesday, 29.05.2024, 11:15

Latvia's GDP down 3.1% in Q3

Gita Ķiņķevska Quarterly National Accounts Section, 29.10.2020.Print version
Flash estimate of the Central Statistical Bureau (CSB) shows that in the 3rd quarter of 2020, compared to the 3rd quarter of 2019, gross domestic product (GDP) decreased by 3.1% (according to seasonally and calendar non-adjusted data).

According to provisional estimations, the GDP was affected by output rise in producing sectors of 0.4%. In services sectors there was a drop of 4.8% Among services sectors positive result was in retail trade, which rose by 4.3%.

Compared to the 2nd quarter of 2020, GDP increased by 6.6% (according to seasonally and calendar adjusted data).

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