Compared to Q4 2019, gross domestic product (GDP) decreased by 1.4%, according to seasonally and calendar non-adjusted data in Q4 2020.
According to provisional estimations, the GDP was affected by output rise in producing sectors of 3.7%. In services sectors there was a drop of 3.2%, according to the flash estimate from the Central Statistical Bureau of Latvia.
Compared to Q3 2020, GDP increased by 1.1%, according to seasonally and calendar adjusted data. (BNN/Business World Magazine)