Industrial Production in Lithuania
The Lithuanian economy recorded an average industrial production growth rate of 4.4% in the decade to 2024. In 2024, industrial production growth was 4.1%. For more industry information, visit our dedicated page.
Lithuania Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Lithuania from 2025 to 2019.
Source: Macrobond.
Lithuania Industry Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 0.2 | 20.4 | 6.3 | -5.1 | 4.1 |
Industrial production falls in August
Latest reading: Industrial production was down 2.4% on a year-on-year basis in August, following a 1.8% rise in the previous month. Relative to the previous month's figures, production readings in August worsened for manufacturing (-2.7% in annual terms vs +1.7% in July), mining and quarrying (-14.1% vs -1.5% in July) and electricity, gas, steam and air conditioning (+5.8% vs +6.8% in July). In seasonally adjusted month-on-month terms, industrial production was up 2.1% in August, following a 1.6% fall in the previous month.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian industry projections for the next ten years from a panel of 6 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 industry forecast available for Lithuanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian industry projections.
Want to get access to the full dataset of Lithuanian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Belarus: Industrial production contracts again in September Latest reading: Industrial production fell 0.8% on a year-on-year basis in September, stable from the prior month’s reading. Relative to... -
Euro Area: Industrial production shrinks in August Latest reading: Industrial production declined 1.2% in seasonally adjusted month-on-month terms in August, following a 0.5% increase in the previous... -
Japan: Industrial production contracts again in August Latest reading: Industrial production was down 1.5% on a seasonally adjusted month-on-month basis in August, after declining 1.2% in the... -
Cyprus: Industrial production accelerates in August Latest reading: Industrial production increased 2.4% on a calendar-adjusted month-on-month basis in August, following a 1.6% rise in the previous... -
Latvia: Industrial production loses momentum in August Latest reading: Industrial production was up 2.5% in annual terms in August, following a 9.8% rise in the prior month.... -
Greece: Industrial production contracts in August Latest reading: Industrial production declined 4.1% on a seasonally adjusted month-on-month basis in August, following a 0.4% rise in the... -
Turkey: Industrial production returns to growth in August Latest reading: Industrial production rose 0.5% in seasonally adjusted month-on-month terms in August, following a 1.7% fall in the prior...