Lithuania GDP


Economic growth decelerates in Q1

According to the flash estimate released by the National Statistics Office on 30 April, GDP rose 3.1% in the first quarter over the same period of last year. The reading represents a deceleration compared to the 3.6% increase registered in the fourth quarter.

On a quarter-on-quarter basis, GDP grew a seasonally- and working-day adjusted 0.6% in Q1, which halved the 1.2% expansion observed in Q4. More detailed data will be released on 30 May.

The Central Bank expects GDP to grow 3.6% in 2014 and 3.8% in 2015. 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 Q1 2014

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

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