Latvia's second quarter GDP growth 4.1% on year

According to flash estimates by Latvia's Central Statistics Office, in the 2nd quarter of 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.

GDP growth was propelled by an 8% increase in the volume of industrial production, 14% increase in construction, as well as a 3% increase in the service sector.

While compared to the 1st quarter of 2017, the GDP value (seasonally and working days adjusted data) increased by 1.3% in Q2. 

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Economy
Economy