Latvia's economy expanded at a faster pace than estimated initially in the first quarter of 2013, according final data published by Statistics Latvia on Friday.
The gross domestic product grew an unadjusted 3.6 percent year-on-year in the first quarter and was up 1.4 percent compared to the preceding quarter after adjusting to seasonal variations.
In its preliminary report, the statistical office had estimated a growth of 3.1 percent year-on-year and 1.2 percent on a quarterly basis.
According to the revised report, the largest contribution to GDP came from internal trade. Construction as well as information and communication services also contributed positively to overall growth. At the same time, value added in manufacturing decreased.
On the expenditure side, private consumption grew 4.7 percent year-on-year in the first quarter and government final consumption rose 1.1 percent. Export of goods increased 3.6 percent and import rose 1.9 percent.
Gross fixed capital formation, on the other hand, declined 10.6 percent.
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