Trade Balance in Lithuania
Lithuania - Trade Balance
Economic growth moderated in annual terms in Q3, with all GDP components growing at softer, albeit still-solid rates. Turning to Q4, available data paints a mixed picture. On one hand, consumer sentiment turned pessimistic in October and November amid a sharp spike in new Covid-19 infections, while price pressures reached their highest level in nearly 13 years in November, spelling trouble for private spending in the final stretch of the year. In contrast, the industrial production growth gained steam in October, while merchandise exports continued to grow at a double-digit pace in the same month. Lastly, in a continuation of a diplomatic spat over Taiwan, China recently demanded that multinational companies cut ties with Lithuania or face losing access to the Chinese market—effectively imposing sanctions on the country.Lithuania - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -2.4 | -2.1 | -2.3 | -3.2 | -2.5 |
Lithuania Trade Balance Chart
Source: Statistics Lithuania and FocusEconomics calculations.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.43 | 0.0 % | Dec 30 |
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Economic News
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Lithuania: GDP grows at a slower, albeit healthy pace in Q3
December 1, 2021
According to a second national accounts estimate, GDP rose 4.8% year-on-year in the third quarter of 2021, softening from the 8.3% increase tallied in Q2 and matching the preliminary estimate.
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Lithuania: Industrial output growth picks up pace in October
November 23, 2021
Industrial output grew 20.5% in year-on-year terms in October, which was above September's 19.4% increase.
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Lithuania: Inflation comes in at highest level in nearly 13 years in October
November 9, 2021
Consumer prices increased 1.66% over the previous month in October, picking up from the 1.41% increase seen in September and marking the highest result since January 2009.
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Lithuania: GDP growth moderates in Q3
October 29, 2021
GDP rose 4.8% year-on-year in the third quarter of 2021, according to preliminary data.
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Lithuania: Inflation comes in at highest level since March 2009 in September
October 8, 2021
Consumer prices rose 1.41% over the previous month in September, accelerating from the 0.40% increase recorded in August.
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