Lithuania GDP Q2 2018

Lithuania

Lithuania: Economic growth remains healthy in Q2

July 30, 2018

According to a flash estimate released by the Statistical Institute on 30 July, the Lithuanian economy expanded 3.7% in annual terms in Q2, unchanged from the first quarter’s revised print (previously reported: +3.6% year-on-year). Healthy growth in the quarter came on the back of sturdy performances in wholesale and retail trade, as well as the services sectors.

In seasonally- and working-day adjusted quarter-on-quarter terms, GDP rose 0.9% in the second quarter, also unchanged from the previous quarter’s revised print (previously reported: +0.8% quarter-on-quarter).

A more detailed breakdown of the Q2 result will be released on 31 August.

The Central Bank expects GDP to grow 3.2% in 2018 and 2.7% in the following year. FocusEconomics Consensus Forecast panelists see the economy growing 3.3% in 2018, which is unchanged from last month’s estimate. In 2019, our panel expects GDP to expand 2.9%.


Author:, Economist

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Lithuania GDP Q2 2018

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


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