Lithuania GDP


Lithuania: Economic growth decelerates in Q4

January 30, 2015

According to the flash estimate released by the National Statistics Office on 30 January, GDP rose 2.4% in annual terms in Q4 2014. The reading represented a deceleration compared to the 2.7% increase registered in the third quarter and, if confirmed, it would represent the weakest expansion since Q2 2012.

In the full year 2014, GDP grew 2.9%, according to the preliminary estimate. This would mark a deceleration compared to 2013’s 3.3% increase and the slowest pace of growth in four years.

On a quarter-on-quarter basis, GDP grew a seasonally- and working-day adjusted 0.6% in Q4, coming in above the 0.4% expansion observed in Q3. More detailed data will be released on 27 February.

The Central Bank expects GDP to grow 3.1% in 2015. FocusEconomics Consensus Forecast panelists see the economy growing 2.8% in 2015, which is unchanged from last month’s estimate. In 2016, the panel expects GDP to expand 3.4%.

Author: Teresa Kersting, Economist

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Lithuania GDP Chart

Lithuania GDP Q4 2014

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

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