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Lithuania GDP Q2 2022

Lithuania: GDP growth slows in Q2

GDP rose 2.0% year on year in the second quarter of 2022, according to preliminary data. The result followed the 4.8% increase logged in the prior quarter. Meanwhile, in seasonally-adjusted quarter-on-quarter terms, GDP swung into contraction in Q2, falling 0.9%, after the 1.2% rise logged in Q1.

The second quarter’s year-on-year slowdown was due to weaker results in the transportation and storage, and real estate sectors.

More detailed national accounts data for Q2 will be released on 31 August.

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