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.