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Lithuania Government Consumption

Lithuania Government Consumption

Government Consumption in Lithuania

Lithuania's economy recorded an average growth rate of 0.1% in government consumption over the decade to 2022. This is below the Euro Area average of 1.5%. In 2022, Lithuania's government consumption growth was 0.4%.

Lithuania Government Consumption Chart

Note: This chart displays Government Consumption (ann. var. %) for Lithuania from 2014 to 2023.
Source: Statistics Lithuania.

Lithuania Government Consumption Data

2018 2019 2020 2021 2022
Government Consumption (ann. var. %) 0.3 -0.3 -1.6 1.4 0.4

GDP growth accelerates notably in Q1

A flash release showed that GDP grew by 2.9% year on year in Q1 in calendar- and seasonally adjusted terms, marking the highest reading since Q1 2022 and contrasting the 0.1% rise recorded in Q4 2023. On a seasonally adjusted quarter-on-quarter basis, economic activity rebounded to 0.8% in Q1, following the previous period's 0.2% decline.

Absent a full breakdown, early data points to improvements in the manufacturing, wholesale and retail trade, and transportation and storage sectors as the key drivers to growth. A second data release will be available on 31 May.

Analysts at the EIU commented on the outlook: “We forecast that real GDP will post moderate growth of 1.8% in 2024. Although consumer confidence is strengthening after wage growth turned positive, household spending will remain weak, weighing on headline growth in 2024. Accommodative fiscal policy, rising public-sector wages and improving external conditions will support growth later in 2024.”

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian government consumption projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable government consumption forecast available for Lithuanian government consumption.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian government consumption projections.

Want to get access to the full dataset of Lithuanian government consumption forecasts? Send an email to info@focus-economics.com.

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