Bank of Latvia - Annual Report 2005

According to the Bank of Latvia's Annual Report 2005, Latvia remained the EU Member State reporting the highest GDP growth in 2005, which was supported by domestic demand and rapidly expanding exports.

"The GDP growth was driven also by foreign direct investment inflows. Latvia's export growth rate exceeded 30% and was higher than that of the imports. More than of Latvia's exports were to the EU Member States. A large part of Latvian businesses cooperate with partners in the euro area and

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