In the second quarter, GDP grew 2.1% over the same period last year, according to the flash estimate released on 30 July by the National Statistics Office. The result came in below both the 3.9% expansion recorded in the previous quarter and market expectations of a 3.0% increase. In addition, the reading marked the slowest quarterly expansion recorded since the third quarter of 2010. A quarter-on-quarter analysis, however, does not corroborate the slowdown observed in the annual figures, as GDP expanded a seasonally and working-day adjusted 0.4% over the previous quarter, slightly up from the 0.3% expansion recorded in Q1. More detailed data will be released on 29 August.
Economy slows to lowest pace in almost two years
July 31, 2012
Looking for forecasts related to GDP in Lithuania? Download a sample report now.
Lithuania GDP Chart
Note: Year-on-year changes of GDP in %.
Source: Statistics Lithuania and FocusEconomics Consensus Forecast.
Lithuania Economic News
October 21, 2016
In September, Lithuania’s industrial production rose a noteworthy 8.0% from the same month last year, the highest reading in eight months.
October 10, 2016
Consumer prices in Lithuania rose 0.6% in September from the previous month, which contrasted the 0.5% drop in August.
September 21, 2016
In August, Lithuania’s industrial production rose 1.6% over the same month last year.
September 8, 2016
Consumer prices fell 0.5% over the previous month in August, which was slightly above July’s 0.7% drop.
August 30, 2016
GDP rose 1.9% in annual terms in Q2, according to detailed data released by the National Statistics Office on 30 August.