Imports in Lithuania
Over the past decade until 2022, Lithuania registered an average growth rate of imports at 6.9%, which is above the Euro Area's average of 4.0%. In 2022, Lithuania's imports growth was 12.4%. For more imports information, visit our dedicated page.
Lithuania Imports Chart
Lithuania Imports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Imports (G&S, ann. var. %) | 6.1 | 6.3 | -4.5 | 20.0 | 12.4 |
Economic growth ticks up in Q4
Economic growth picked up slightly in the fourth quarter, with GDP expanding 0.3% on an annual basis (Q3: +0.1% year on year). On a seasonally adjusted quarter-on-quarter basis, economic activity shrank by 0.3%, weakening from Q3’s flat reading.
Absent a detailed breakdown, Q4’s improvement was likely supported by private spending: Inflation cooled sharply in the quarter and consumer confidence rebounded in Q4 compared to Q3, underpinning stable retail sales in October–November. That said, still-elevated interest rates likely restrained investment, while goods exports data up to November points to persistent headwinds to external demand in the quarter.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian imports 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 imports forecast available for Lithuanian imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian imports projections.
Want to get access to the full dataset of Lithuanian imports forecasts? Send an email to info@focus-economics.com.
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