Latvia GDP Growth Slows in Q1

Figures

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Latvia's economy rose by 0.7% year-on-year in the first quarter of 2023, following an upwardly revised 1.2% advance in the previous three-month period, a flash estimate from the Central Statistical Bureau (CSB) on Thursday show.

Growth in services (+0.4%) was partly offset by a drop in goods-producing sectors (-1.3%).

On a seasonally adjusted quarterly basis, the country's gross domestic product (GDP) increased by 0.5% in Q1, after an upwardly revised 1.2% rise in the prior quarter, the Riga-based agency said. 

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