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RIGA Wholesale Tottenham Hotspur FC Jerseys , Aug. 11 (Xinhua) -- Latvia's gross domestic product (GDP) in the second quarter increased by 2.5 percent year on year, the LETA news agency reported Monday, quoting Latvian Central Statistical Bureau's preliminary estimate.

The GDP was affected by the value increase of 4 percent in retail trade.

In the first quarter of 2014, Latvia's GDP increased by 2.8 percent, compared to the first quarter of 2013.

Latvia's GDP grew by 4.1 percent in 2013.

Bank of Latvia in June reduced its annual economic growth forecast to 3.3 percent.

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