Lithuania GDP Q2 2019

Lithuania

Lithuania: Growth remains upbeat in Q2

July 30, 2019

Robust growth carried over into the second quarter of the year, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 July. GDP increased 4.0% in year-on-year terms in Q2, matching the previous quarter’s result which had marked the strongest expansion since Q2 2017. The overall expansion reflected solid output growth in wholesale and retail trade; repair services of motor vehicles; transportation; and hospitality industries, which more than offset contracting activity in agricultural; forestry; financial and insurance; and real estate sectors.

On a quarter-on-quarter basis, however, growth edged down to 0.9% in seasonally-adjusted terms in Q2, from the 1.2% expansion recorded in the first quarter.

FocusEconomics analysts see growth at 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, our panel sees growth decelerating to 2.5%. Meanwhile, Lithuania’s Central Bank expects growth of 2.7% this year and 2.6% in 2020.


Author:, Economist

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Lithuania GDP Q2 2019

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


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