Flash comment: Latvia - March 9, 2012
Latvian GDP rose by 5.5% in 2011
- Latvia’s GDP data for the fourth quarter of 2011 were revised upwards. According to the Latvian Central Statistical Bureau, seasonally adjusted GDP rose by 1.1% in the fourth quarter of 2011 compared to the previous quarter. In annual terms economic growth was 5.7%.
- In 2011 overall, economic growth was 5.5%, mostly driven by exports and investments. Our GDP growth forecast remains at 2% for this year.