Consumption in Lithuania

Lithuania Consumption | Economic News & Forecasts

Lithuania - Consumption

Growth remains upbeat in Q2

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.

Lithuania - Consumption Data

2013  2014  2015  2016  2017  
Consumption (annual variation in %)4.3  4.0  4.0  5.0  3.3  

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Lithuania Facts

ValueChangeDate
Bond Yield0.550.0 %Jul 31
Stock Market6950.45 %Jul 31

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