Lithuanian economy advanced 3.8 percent year-on-year in the fourth quarter of 2019, unchanged from a first reading, and the same pace as in the third quarter. On a quarterly basis, the GDP grew 1.0 percent, 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. It was the fastest GDP growth since the first quarter.
GDP Annual Growth Rate in Lithuania averaged 4.30 percent from 1996 until 2019, reaching an all time high of 12.30 percent in the third quarter of 2007 and a record low of -15.70 percent in the second quarter of 2009. This page provides - Lithuania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.
GDP Annual Growth Rate in Lithuania is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Lithuania to stand at -7.00 in 12 months time. In the long-term, the Lithuania GDP Annual Growth Rate is projected to trend around 2.20 percent in 2021 and 2.80 percent in 2022, according to our econometric models.