Lithuania GDP


Economic growth accelerates in Q4

According to the flash estimate the National Statistics Office's released on 30 January, GDP rose 3.3% over the same period of the previous year in the fourth quarter. The reading represents an acceleration compared to the 2.3% increase registered in the third quarter.

On a quarter-on-quarter basis, GDP grew a seasonally and working-day adjusted 1.2% in Q4, which was above the 0.1% expansion observed in Q3. According to this initial estimate, the Lithuanian economy grew 3.2% in 2013, which was down from the 3.7% registered in 2012. More detailed data will be released on 28 February.

The Central Bank expects GDP to grow 3.5% in 2014. FocusEconomics Consensus Forecast panelists see the economy growing 3.6% in 2014, which is unchanged from last month's estimate. In 2015, the panel expects GDP to expand 4.0%.

Author:, Economist

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Lithuania GDP Chart

Lithuania GDP Q4 2013

Note: Year-on-year changes of GDP in %.
Source: Statistics Lithuania and FocusEconomics Consensus Forecast.

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