In the 3rd quarter of 2015, as compared with the corresponding period of 2014, GDP according to seasonally adjusted data grew by 2.5%. Also according to seasonally non-adjusted data GDP increased by 2.5%.
The GDP increase was affected by growth in production sectors of 3% and in the services sector (without trade) – of 2%. Value added in trade increased by 3%.
Despite being pretty good, the figures were slightly down on the equivalent data from the second quarter when 1.2% growth was recorded against the previous quarter and 2.7% growth against the same quarter a year previously.
Nevertheless, the data suggests Latvia remains on course to record GDP growth of more than 2% for 2015 as a whole.