Friday , October 7 2022

GDP growth in Latvia increased significantly in the third quarter from the EU average BNN


Baltic news, Latvian news, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThis year, Latvia's GDP growth was significantly higher than in the European Union (EU) in comparison with the same period last year, according to the EU Statistical Office Eurostat The initial data are collected in 20 locations.

According to seasonally adjusted data, Latvia's GDP increased by 5.5% in the third quarter of 2018. Economic growth was only observed in Poland, which reached 5.7%.

After the two countries Hungary (+ 5%), Slovakia (+ 4.5%), Romania (+ 4.1%), Cyprus (+ 3.6%), Bulgaria (+ 3%) and Lithuania (+2, 7%).

In the third quarter GDP growth is observed in all EU member states.

Compared to the third quarter of the previous year, the German economy has grown by 1.2% in the third quarter, but compared to the second quarter, the economy has dropped by 0.2%.

The economic downturn in the third quarter was registered in Lithuania over the past three months, where GDP fell by 0.4%, while Italy's GDP remained unchanged.

At the same time, the fastest growing in Romania (+ 1.9%), Latvia (1.8%), Poland (+ 1.7%), Hungary (+ 1.2%) and Slovakia (+1.1%) economic growth. .

The EU economy grew by 1.9% in the third quarter compared to the same period in 2017, and the euro-zone economy grew by 1.7%. Compared to the second quarter, GDP in the EU grew by 0.3%, and the euro zone grew by 0.2%.

There are no data for Greece, Croatia, Estonia, Ireland, Luxembourg, Malta, Slovenia and Sweden. To calculate the Netherlands to calculate the Netherlands, adjusted data for the working day is used.

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