Latvia shows fourth greatest Q1 growth in EU - Eurostat

In the first quarter of this year, Latvia showed the fourth steepest economic growth among EU member states, according to flash estimate from Eurostat.

Latvia's seasonally adjusted gross domestic product (GDP) expanded by 3.9% year-on-year in the first quarter of 2017, which was the fourth steepest growth among the EU member states.

The steepest annual growth in the first quarter of 2017 was recorded in Romania - by 5.6%, followed by Lithuania and Poland – 4.1% each.

In the first quarter of this year GDP rose in 20 EU member states about which the data are available, while dropped 0.5 percent in Greece.

Compared to the previous quarter, GDP rose in 20 countries, but dropped 0.1% in Greece.

Latvia’s quarter-on-quarter growth was 1.5%. There was a steeper growth registered in Romania (1.7%), and Finland (1.6%). Lithuania reported a 1.4% growth.

Seasonally adjusted GDP rose by 0.5% in both the euro area and the EU during the first quarter of 2017, compared with the previous quarter. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7% in the euro area and by 2% in the EU.

Data are no available about Croatia, Estonia, Ireland, Luxembourg, Malta, Slovenia and Sweden.

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