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Eurostat: Latvia had more rapid GPD climb than average rate in EU in Q2

Photo: pixabay.com.
Compared to the same period of 2017, Latvia experienced a more rapid GDP climb in Q2 2018 than the average in the European Union, according to data published by Eurostat on Friday, 7 September.

According to seasonally adjusted data, Latvia’s GDP grew 4.4% when compared to the same period of 2017. A more rapid GDP growth was observed in Malta (+5.7%), Poland (+5%) and Hungary (+4.6%).
 

Other countries include Slovenia (+4.3%), Romania (+4.2%), Slovakia and Cyprus (+3.9% in both), Lithuania (+3.8%) and Estonia (+3.7%).
 

GDP growth in Q2 2018 was observed in all EU member states for which data is available.
 

Europe’s largest economy – Germany – experienced GDP growth of 1.9% in Q2 when compared to the same period of last year. Compared to Q1, on the other hand, GDP in Germany increased 0.5%.
 

GDP growth in comparison to the last quarter was observed in all European member states for which data is available.
 

Rapid economic growth was observed in Malta (+1.9%), Estonia and Romania (+1.4% in both), Croatia and Slovakia (+1.1% in both), Hungary, Poland and Sweden (+1% in all three), as well as Latvia and Lithuania (+0.9%).
 

In EU and Eurozone member states, GDP increased 2.1% in comparison to the same period of 2017. Compared to Q1 2018, GDP in EU and Eurozone has increased by 0.4%.
 

Data is not available for Ireland and Luxembourg.

BNN/LETA

08-09-2018
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