Consumption in Lithuania

Lithuania Consumption | Economic News & Forecasts

Lithuania - Consumption

Economy edges up in Q3

According to a preliminary estimate, GDP growth ticked up to 1.8% year on year in the third quarter, from 1.7% in the second quarter. On a seasonally adjusted quarter-on-quarter basis, economic growth accelerated marginally in Q3, to 0.4%, following the previous period's 0.3% increase. A comprehensive Q3 GDP data breakdown will be released on 30 November.

Looking ahead, GDP growth is forecast to wane in the coming quarters. Elevated energy prices are set to crunch household budgets, while tighter monetary conditions will be likely hampering growth in private-sector activity. In addition, an EU-wide slowdown is likely to further weigh on trade, exacerbating the losses logged from the sanctions against Russia and Belarus.

FocusEconomics panelists see GDP expanding 0.7% in 2023, which is down 0.6 percentage points from last month’s forecast, and 2.8% in 2024.

Lithuania - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)4.1  4.0  3.5  3.7  3.2  

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Lithuania Facts

Value Change Date
Bond Yield0.430.0 %Dec 30

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