GDP in Lithuania

Lithuania GDP | Economic News & Forecasts

Lithuania - GDP

Economic growth accelerates further in Q1 2017

GDP expanded 4.1% in Q1 2017 from the same period last year, up from a 3.1% increase in Q4 2016 (previously reported: 3.0% year-on-year), marking the highest reading in almost three years, according to a flash estimate released by the National Statistics Office on 28 April.

Looking at the sector-by-sector picture, the strengthening was broad-based. Industrial production accelerated on the back of recovering external demand—especially from Russia—while the good performance of retail sales suggests that private consumption maintained a solid pace of growth thanks to rising wages and an expansion in private credit.

A quarter-on-quarter comparison showed that GDP increased a seasonally and working-day adjusted 1.4% in Q1, which was marginally below Q4’s 1.5% rise.

The Central Bank expects GDP to grow 2.6% in 2017 and 2.8% in 2018. FocusEconomics Consensus Forecast panelists see the economy growing 2.7% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel expects GDP to expand 3.0%.

Lithuania - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)6.0  3.8  3.5  3.5  1.8  

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Lithuania GDP Chart

Lithuania GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Bond Yield0.750.0 %May 24
Stock Market5860.39 %May 24

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