Lithuanian economy grew 1.0 percent on quarter in the three months to December 2019, less than an earlier estimate of a 1.3 percent growth and compared to an upwardly revised 0.8 percent rise in the previous period. This was the strongest GDP growth since the first quarter. Positive contributions came mostly from wholesale and retail trade; repair of motor vehicles & motorcycles, transport and storage, accommodation & food services (1.5% vs 1.5%); agriculture, forestry & fisheries (1.3% vs 3.5%); construction (1.9% vs 1.2%); manufacturing (1.4% vs 0.5%), information and communication (2.1% vs 1.1%), and financial and insurance activities (0.9% vs 0.2%). Year-on-year, the GDP advanced 3.8 percent, unchanged from a first reading, and the same pace as in the third quarter.

GDP Growth Rate in Lithuania averaged 1.05 percent from 1995 until 2019, reaching an all time high of 4.80 percent in the first quarter of 2003 and a record low of -13.10 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 April of 2020.

GDP Growth Rate in Lithuania is expected to be -0.50 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 0.60 in 12 months time. In the long-term, the Lithuania GDP Growth Rate is projected to trend around 0.70 percent in 2021 and 0.80 percent in 2022, according to our econometric models.

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Lithuania GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.80 4.80 -13.10 1995 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 07:00 AM QoQ Flash Q3 0.1% 0.9% 0.6%
2019-11-29 07:00 AM QoQ 2nd Est Q3 0.2% 0.9% 0.1%
2020-01-30 07:00 AM QoQ Flash Q4 1.3% 0.3% 0.7%
2020-03-02 07:00 AM QoQ 2nd Est Q4 1.0% 0.8% 1.3%
2020-04-30 06:00 AM QoQ Flash Q1 1.0% -0.5%
2020-06-01 06:00 AM QoQ 2nd Est Q1 1.0% -0.5%
2020-07-30 06:00 AM QoQ Flash Q2 -13.5%
2020-08-31 06:00 AM QoQ 2nd Est Q2 -13.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Lithuania Q4 GDP Growth Revised Lower to 1%
Lithuanian economy grew 1.0 percent on quarter in the three months to December 2019, less than an earlier estimate of a 1.3 percent growth and compared to an upwardly revised 0.8 percent rise in the previous period. This was the strongest GDP growth since the first quarter. Positive contributions came mostly from wholesale and retail trade; repair of motor vehicles & motorcycles, transport and storage, accommodation & food services (1.5% vs 1.5%); agriculture, forestry & fisheries (1.3% vs 3.5%); construction (1.9% vs 1.2%); manufacturing (1.4% vs 0.5%), information and communication (2.1% vs 1.1%), and financial and insurance activities (0.9% vs 0.2%). Year-on-year, the GDP advanced 3.8 percent, unchanged from a first reading, and the same pace as in the third quarter.
2020-03-02
Lithuania Q4 GDP Growth Strongest in a Year
Lithuanian economy expanded 1.3 percent on quarter in the three months to December 2019, compared to an upwardly revised 0.3 percent growth in the previous period, the preliminary estimate showed. This was the strongest GDP growth since the fourth quarter of 2018. Positive contributions came from manufacturing, wholesale and retail trade, repair of motor vehicles and motorcycles, transport and storage, accommodation and catering, professional, scientific, technical, administrative and service activities. On a yearly basis, GDP rose by 3.8 percent, unchanged from an upwardly revised figure in the third quarter. It remained the weakest GDP growth since the fourth quarter 2015. Considering full 2019, the economy grew by 3.9 percent year-on-year.
2020-01-30
Lithuania Q3 GDP Growth Revised Higher to 0.2%
Lithuanian economy grew 0.2 percent on quarter in the three months to September 2019, more than an earlier estimate of a 0.1 percent growth and compared to a 0.9 percent rise in the previous period, the second estimate showed. This was the weakest GDP growth since the fourth quarter 2015. Positive contributions came mostly from wholesale and retail trade; repair of motor vehicles & motorcycles, transport and storage, accommodation & food services (1.5% vs 1.6%); agriculture, forestry & fisheries (4.3% vs -0.4%); real estate activities (1.5% vs 0.7%); and wholesale and retail trade; repair of motor vehicles & motorcycles, transport and storage, accommodation & food services (1.5% vs 1.6%). Year-on-year, the GDP advanced 3.7 percent, above a first reading of 3.6 percent, and compared to a 3.8 percent rise in the second quarter, the weakest since the third quarter last year.
2019-11-29
Lithuania GDP Growth Slows to 4-Year Low
Lithuanian economy expanded 0.1 percent on quarter in the three months to September 2019, compared to an upwardly revised 0.9 percent growth in the previous period, the preliminary estimate showed. This was the weakest GDP growth since the third quarter 2014. Positive contributions came from wholesale and retail trade, repair of motor vehicles and motorcycles, transport and storage, accommodation and food services activities. By contrast, decreases were reported of professional, scientific, technical, administrative and service companies. On a yearly basis, GDP rose by 3.6 percent, slower than a downwardly revised 3.8 percent expansion in the second quarter, the weakest since the third quarter last year.
2019-10-30

Lithuania GDP Growth Rate
In 2015, Lithuania became the 19th member of Euro Area. Lithuania’s service sector constitutes the largest share of GDP with information and communication technologies being the fastest growing. Also, in recent years Lithuania has shifted towards a knowledge-based economy: several companies produce sophisticated biotech products like pharmaceutical substances, components for molecular diagnostics and laser equipment. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Exports of goods and services account for 81 percent while imports account for 79 percent, adding 2 percent of total GDP. On a production side, the wholesale and retail trade, transport, accommodation and food service activities sector is the most important and accounts for around 32 percent to total GDP. It follows by industry (23 percent of total GDP); manufacturing (19 percent); public administration, defence, education, human health and social work activities (14 percent); construction (7 percent); real estate activities (6 percent); professional, scientific and technical activities and administrative and support services (6 percent); information and communication (3 percent); agriculture (4 percent); financial and insurance (2 percent); and arts, entertainment and recreation, repair of household goods and other services (2 percent).