Lithuania GDP Q3 2019

Lithuania

Lithuania: Growth slows to one-year low in Q3

October 30, 2019

According to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 October, GDP rose 3.6% in year-on-year terms in the third quarter, down from the second quarter’s 3.8% expansion and marking the softest expansion since Q3 2018. The result reflected both slowing industrial output and softer retails sales growth, thus hinting at a broad-based deceleration.

On a quarter-on-quarter basis, the slowdown was more considerable: Growth dived to 0.1% in seasonally-adjusted terms in Q3, from the 0.9% expansion recorded in the second quarter.

FocusEconomics panelists see GDP growth at 2.5% in 2020, unchanged from last month’s forecast. For 2021, our panel sees growth at 2.6%.


Author:, Economist

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Lithuania GDP Q3 2019

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


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