GDP in Lithuania
Lithuania - GDP (billions of Euros)
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 - GDP (EUR bn) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| GDP (EUR bn) | 35.0 | 36.6 | 37.4 | 38.8 | 42.2 |
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jul 31 |
| Stock Market | 695 | 0.45 % | Jul 31 |
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Economic News
Lithuania: Inflation edges up in July
August 9, 2019
Consumer prices fell 0.3% month-on-month in July, following a milder 0.2% drop in June, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that just 2 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for clothing and footwear, which more than offset higher prices for recreation and culture; hotels, cafés and restaurants; and food.
Lithuania: Growth remains upbeat in Q2
July 30, 2019
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.
Lithuania: Industrial output records first contraction in nine months in June
July 23, 2019
Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase.
Lithuania: Inflation edges down in June
July 9, 2019
Consumer prices fell 0.2% in June, contrasting May’s 0.2 increase and marking the first contraction since December 2018.
Lithuania: Industrial output growth slows to year-to-date low In May
June 24, 2019
Industrial output ticked up 1.1% in May, decelerating sharply from April’s robust 16.5% year-on-year surge.
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