Off the wire
• Irish hotels make good start this year despite Brexit risk: survey  • Colorectal cancers rising in U.S. young people: study  • EU's Juncker to bare white paper on Europe's future  • Zimbabwe needs to improve infrastructure to attract tourists: survey  • Roundup: Uganda warns of food insecurity due to prolonged drought  • Number of displaced people spike as military operation intensifying in northern Iraq  • Albania mulls sending troops to Iraq for fight against IS  • Croatia's economic growth improves further in Q4  • Confidence in Slovak economy highest in 6 years  • Chinese investors to build giant cement factory in Tanzania  
You are here: 　 Home

Latvia's 2016 GDP growth revised to 2 pct

Xinhua, March 1, 2017 Adjust font size:

In 2016, Latvia's gross domestic product (GDP) grew by 2 percent against a year before, according to updated data released on Tuesday by the national statistics office.

A flash estimate which the statistics office issued in January suggested that the Latvian economy grew by 1.6 percent last year.

In 2016, the value of the Latvian economy was 25 billion euros (26.48 billion U.S. dollars) at current prices and 21.8 billion euros at constant prices.

According to seasonally unadjusted data, manufacturing showed 6 percent annual growth in 2016, which included an 8 percent rise in timber production, and a 16 percent increase in manufacture of computers, electronic and optical equipment. Food production picked up 1 percent. (1 euro=1.06 U.S. dollar) Endit