GDP in Lithuania
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
|Economic Growth (GDP, annual variation in %)||6.0||3.8||3.5||3.5||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania GDP Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.75||0.0 %||May 24|
|Stock Market||586||0.39 %||May 24|
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May 22, 2017
Lithuania´s industrial production rose 1.8% year-on-year in April, a significant deceleration from March’s 5.8% expansion.
May 9, 2017
Consumer prices in Lithuania rose 1.0% in April from the previous month, which was marginally down from the 1.1% increase observed in March.
April 28, 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.
April 21, 2017
In March, Lithuania’s industrial production rose 5.8% from the same month last year, a significant acceleration from February’s revised 4.5% increase (previously reported: +3.7% year-on-year).
April 20, 2017
Consumer prices in Lithuania rose 1.1% in March from the previous month, which was above the 0.4% increase observed in February.