Flash estimate shows GDP growth of 4.1% in Q2 2017

In Q2 2017, compared to the corresponding period of 2016, GDP grew by 4.1% according to seasonally and working days non-adjusted data and by 4.8 % according to seasonally and working days adjusted data.

During Q2, the GDP was affected by an 8 % increase in the volume of industrial production, 14 % increase in construction, as well as a 3 % increase in the service sector, according to data from the Central Statistical Bureau of Latvia.

In Q2 2017, compared to Q1 2017, the gross domestic product (GDP) value (seasonally and working days adjusted data) increased by 1.3 %.

A more detailed press release on the precise value and changes of the GDP during Q2 2017 will be available on 31 August.

BNN

01-08-2017

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