Latest reading: Industrial production increased 8.2% in annual terms in June, following 4.7% growth in the previous month. Relative to...
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 2014 to 2025.
Source: Macrobond.
Lithuania Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 20.4 | 6.3 | -5.1 | 4.1 | 3.4 |
Industrial production contracts in May
Latest reading: Industrial production declined 1.6% in annual terms in May, following a 7.5% increase in the prior month. May's reading was the weakest since August 2025. Relative to the previous month's data, readings in May softened for manufacturing (-1.2% in annual terms vs +8.2% in April), mining and quarrying (+1.7% vs +8.3% in April) and electricity, gas, steam and air conditioning (-9.5% vs -4.4% in April). In seasonally adjusted month-on-month terms, industrial production fell 2.9% in May, following a 1.8% drop in the prior month.
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 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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