Full Year GDP Growth in Lithuania increased to 6 percent in 2021 from 0 percent in 2020. source: Statistics Lithuania

Full Year GDP Growth in Lithuania averaged 4.23 percent from 1996 until 2021, reaching an all time high of 11.10 percent in 2007 and a record low of -14.80 percent in 2009. This page includes a chart with historical data for Lithuania Full Year GDP Growth. Lithuania Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Full Year GDP Growth in Lithuania is expected to reach 1.20 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Full Year GDP Growth is projected to trend around 2.70 percent in 2024 and 2.50 percent in 2025, according to our econometric models.

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Lithuania Full Year GDP Growth

Lithuania Full Year GDP Growth
Lithuania joined the Euro Area in January 2015. The country was among the hardest hit by the global financial crisis in 2008, with the GDP contracting by 14.8 percent in 2009. Since 2010, however, Lithuania has been ranked among the fastest growing economies in the European Union. 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, defense, 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).
Actual Previous Highest Lowest Dates Unit Frequency
6.00 0.00 11.10 -14.80 1996 - 2021 percent Yearly