Latvia's gross domestic product (GDP) increased at a faster rate than estimated earlier, final data released by by Statistics Latvia showed Friday.
Gross domestic product increased a seasonally adjusted 1.1 percent quarter-over-quarter in the first quarter, slightly faster than the 1 percent growth estimated earlier. In the fourth quarter, GDP expanded 1.1 percent sequentially.
Year-on-year, GDP expanded a seasonally unadjusted 6.9 percent during the three-month period, slightly faster than the 6.8 percent growth recorded in the flash estimates. The growth rate was also sharper than 5.7 percent seen in the fourth quarter.
Growth in the industrial as well as trade sectors had a positive impact on the overall output of the economy, the statistical office said.
by RTT Staff Writer
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