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Latvia's GDP contracted in second quarter

Photo: CSP
August 31, 2023, 13:31
Economy
Authors: Eng.LSM.lv (Latvian Public Broadcasting)

Data published by the Central Statistical Bureau (CSB) August 31 show that in the second quarter of 2023, compared to the same quarter of 2022, gross domestic product (GDP) fell by 0.5 % (according to seasonally and calendar non-adjusted data at constant prices).

Compared to the previous quarter, GDP went down even more, by 0.3 % (according to seasonally and calendar adjusted data at constant prices). GDP at current prices was EUR 10.2 billion.

However, for the first half of 2023, as compared to the same period of 2022, gross domestic product (GDP) increased by 0.1 %. GDP at current prices amounted to EUR 19.3 billion.

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Summary (millions of euros)

Table - The 2nd quarter of 2023 GDP at current prices

 

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