Lithuania GDP Q1 2019

Lithuania

Lithuania: Growth ticks up in Q1

April 30, 2019

Growth inched up to 3.9% in annual terms in the first quarter of the year (Q4 2018: +3.8% year-on-year), according to preliminary data released by the Statistical Institute on 30 April. The result marked the strongest expansion since Q2 2017 and was driven by solid growth in the manufacturing, construction and retail trade sectors.

On a quarter-on-quarter basis, growth moderated to 1.0% in seasonally-adjusted terms in Q1 2019 (Q4 2018: +1.4%).

FocusEconomics analysts see growth at 3.0% in 2019, which is up 0.1 percentage points from last month’s forecast. For 2020, our panel sees growth at 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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