Analytics, Economics, GDP, Latvia, Statistics
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Saturday, 21.12.2024, 17:53
Latvia's GDP down 3.1% in Q3
Gita Ķiņķevska Quarterly National Accounts Section, 29.10.2020.
Print version
Print versionFlash estimate of the Central Statistical Bureau (CSB) shows that in the 3rd quarter of 2020, compared to the 3rd quarter of 2019, gross domestic product (GDP) decreased by 3.1% (according to seasonally and calendar non-adjusted data).
According
to provisional estimations, the GDP was affected by output rise in producing
sectors of 0.4%. In services sectors there was a drop of 4.8% Among
services sectors positive result was in retail trade, which rose by 4.3%.
Compared to
the 2nd quarter of 2020, GDP increased by 6.6% (according
to seasonally and calendar adjusted data).
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