Lithuanian economy advanced 3.8 percent on quarter in the three months to September 2020, faster than an earlier estimate of 3 7 percent expansion and after a 5.9 percent contraction in the previous period. Increases were reported in manufacturing (4.6% vs -2.0% in Q2); wholesale and retail trade transport, accommodation and food service activities (7.2% vs -9.5%); information and professional, scientific and technical activities, administrative and service activities (4.0% vs -14.5%) ),communication (4.1% vs -5.4%), construction (2.2% vs -11.3%), agriculture, forestry and fishing (1.0% vs 3.9%). On a yearly basis, the GDP grew by 0.1 percent, after a 4.6 percent contraction in the second quarter 2020. source: Statistics Lithuania
GDP Growth Rate in Lithuania averaged 1 percent from 1995 until 2020, reaching an all time high of 4.80 percent in the first quarter of 2003 and a record low of -12.70 percent in the first quarter of 2009. This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
GDP Growth Rate in Lithuania is expected to be -2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Lithuania to stand at 2.10 in 12 months time. In the long-term, the Lithuania GDP Growth Rate is projected to trend around 1.70 percent in 2021 and 1.00 percent in 2022, according to our econometric models.