Lithuanian economy grew 1.0 percent on quarter in the three months to March 2019, in line with an earlier estimate and compared to a 1.4 percent rise in the previous period, the second estimate showed. Positive contributions came mostly from construction (7.3% vs 1.3% in Q4), manufacturing (1.4% vs 2.0%); agriculture, forestry & fisheries (1.5% vs 3.8%); professional, scientific and technical activities, administrative & support activities (0.9%, the same pace as in Q4); information and communication (0.4% vs 1.7%), and wholesale and retail trade; repair of motor vehicles & motorcycles, transport and storage, accommodation & food services (0.1% vs 1.5%). Conversely, contraction was seen in real estate activities (-0.2% vs -0.1%), and financial and insurance (-0.8% vs 0.8%). Year-on-year, the GDP advanced 4.0 percent, above a first reading of 3.9 percent, and compared to a 3.8 percent rise in the fourth 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.
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 0.60 percent in 2020, according to our econometric models.