Lithuania GDP


GDP growth slows at the outset of the year

In the first quarter, GDP grew 3.4% over the same period last year, according to the flash estimate released on 30 April by the National Statistics Office. The result came in below both the 4.1% expansion recorded in the fourth quarter and the FocusEconomics Consensus Forecast of 3.7%.

On a quarter-on-quarter basis, GDP expanded a seasonally and working-day adjusted 1.3% over the previous quarter, which was above the 0.7% increase tallied in Q4 2012. More detailed data will be released on 30 May.

The Central Bank expects GDP to grow 3.1% in 2013 and 3.8% in 2014. FocusEconomics Consensus Forecast panellists see the economy growing 3.2% this year, which is up 0.1 percentage points from last month's estimate. In 2014, the panel expects GDP to expand 3.6%.


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Lithuania GDP Chart

Lithuania GDP Q1 2013

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

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