Ober Haus Commercial market commentaries, Q1 2014
Latvian economy keeps a successful development in the post-crisis period. In 2012 the Latvia, gross domestic product (GDP) grew by 5.2%, and in 2013, according to estimates of the Ministry of Economics, the GDP growth exceeded 4%. For three years the economy of Latvia has seen growth, which is not only among the fastest in the European Union, it is also more sustainable and productive to what we have seen previously. Export volumes of products and services have reached their historic high, with the total exports by nearly 20% exceeding the peak of the pre-crisis period.