GDP in Lithuania
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
|Economic Growth (GDP, annual variation in %)||3.5||3.5||2.0||2.3||3.9|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania GDP Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||1.15||0.0 %||Feb 14|
|Stock Market||640||0.45 %||Feb 14|
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January 30, 2019
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).
January 23, 2019
Industrial output rose 1.0% year-on-year in December, down from 3.4% in November and marking the lowest reading in the fourth quarter.
January 10, 2019
Consumer prices dipped 0.6% from the previous month in December, compared to a 0.1% month-on-month drop in November.
December 21, 2018
Industrial output rose 2.9% year-on-year in November, down from October’s impressive 10.9% jump.
December 11, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.6% month-on-month increase in October.