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Lithuania GDP Q1 2021

Lithuania: Economic growth moderates at the outset of the year

GDP rose 4.4% year-on-year in the first quarter of 2021, according to preliminary data. The result followed the 5.2% increase logged in the prior quarter. Meanwhile, in seasonally-adjusted quarter-on-quarter terms, GDP lost some momentum in Q1, rising 0.9% versus the 1.7% rise logged in Q4.

The first quarter’s year-on-year slowdown was mainly driven by weak performances in the industrial, wholesale and retail trade sectors.

More detailed national accounts data for Q4 will be released on 31 May.

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