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Latvia's GDP grows 5.1% in Q4

 RIGA, Feb 11 - Compared to the corresponding period of 2011, Latvia's gross domestic product (GDP), according to seasonally non-adjusted data, increased 5.1 percent in the fourth quarter of 2012, as indicated by the Central Statistical Bureau's flash estimate.

Growth in trade (11 percent) and manufacturing (6 percent) had a significant positive effect on the GDP. Revenue from product taxes rose 5 percent.

According to seasonally adjusted data, the GDP increased 1.3 percent in the fourth quarter of 2012, compared to the third quarter of 2012.

More precise and extended GDP growth rate and value in the fourth quarter of 2012 will be published on March 11, 2013.
leta.lv

11-02-2013
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