GDP in Lithuania

Lithuania GDP | Economic News & Forecasts

Lithuania - GDP

Growth accelerates in the fourth quarter

According to preliminary data released by the Statistical Institute on 30 January, the economy expanded 3.9% in annual terms in the fourth quarter last year, up from the third quarter’s 2.6% year-on-year increase (previously reported: +2.4% year-on-year). The result marked the strongest expansion since Q2 2017 and was driven by solid performances in the manufacturing, construction, wholesale and retail trade sectors.

On a quarter-on-quarter basis, growth surged to 1.6% in seasonally-adjusted terms in the fourth quarter. The result marked the fastest acceleration in over six years and was a significant improvement from the previous quarter’s meager 0.1% increase (previously reported: -0.3% month-on-month). Meanwhile, full year growth came in at 3.5% in 2018, decelerating from 2017’s 4.1% expansion.

In 2019, the Central Bank expects GDP to grow 2.8%. FocusEconomics Consensus Forecast panelists see the economy growing 2.9% in 2019, down 0.1 percentage points from last month’s estimate. In 2020, our panel projects GDP to expand 2.6%.

Lithuania - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)3.5  3.5  2.0  2.3  3.9  

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Lithuania GDP Chart

Lithuania GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Bond Yield1.150.0 %Feb 14
Stock Market6400.45 %Feb 14

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