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Latvia outpaces Estonia, Lithuania in Q4 growth 13.02.2013

Once again, Latvia shows the strongest growth from all three Baltic countries: Estonia and Lithuania reported 3.4% and 3.1% growth, respectively, in Q4 2012, writes news2biz.

Latvian statistics office Centrala statistikas parvalde (CSP) released today its flash estimate of the Q4 whic showed that Latvian GDP grew 5.1% y-o-y and 1.3% q-o-q.

CSP is not yet releasing the annual figures, but, adding the flash estimate to previous quarters' results, the annual results reach 5.5%.

CSP notes that the GDP growth has been driven by strong growth in retail - 11% up y-o-y - and manufacturing - 6%.

CSP will publish the official results along with its data for the entire 2012 on 11 March 2012.

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