Lithuania GDP


Lithuania: Economic growth decelerates in Q3

October 30, 2014

According to the flash estimate released by the National Statistics Office on 30 October, GDP rose 2.6% in the third quarter over the same period of last year. The reading represents a deceleration compared to the 3.3% increase registered in the second quarter and, if confirmed, it would represent the weakest expansion in a year. National accounts figures have been calculated and historical data updated according to the new ESA 2010 standards.

On a quarter-on-quarter basis, GDP grew a seasonally- and working-day adjusted 0.4% in Q3, which was below the 0.9% expansion observed in Q2. More detailed data will be released on 28 November.

The Central Bank expects GDP to grow 2.9% in 2014 and 3.3% in 2015. FocusEconomics Consensus Forecast panelists see the economy growing 3.0% in 2014, which is unchanged from last month’s estimate. In 2015, the panel expects GDP to expand 3.6%.

Author:, Economist

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Lithuania GDP Chart

Lithuania GDP Q3 2014 0

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

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