Lithuania GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The economy of Lithuania advanced 0.6 percent on quarter in the three months to June, lower than a 1.3 percent expansion in the previous period and in line with preliminary figures, the second estimate showed. Growth was driven by activities of enterprises engaged in wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service (1.4 percent from 0.3 percent Q1); professional, scientific and technical activities, administrative and support activities (2.4 percent from -0.8 percent in Q1); information and communication (4.1 percent from -1.4 percent in Q1) and real estate activities (1.6 percent, after being flat in Q1) . Year-on-year, the GDP grew 4 percent, compared to a 4.1 percent rise in the previous period and above preliminary estimates of a 3.9 percent expansion. Considering the first half of the year, the economy advanced 4.1 percent. GDP Growth Rate in Lithuania averaged 1.06 percent from 1995 until 2017, reaching an all time high of 4.80 percent in the first quarter of 2003 and a record low of -13.10 percent in the first quarter of 2009.

Lithuania GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-01 08:00 AM GDP Growth Rate QoQ 2nd Est 1.4% 1.5% 1.4% 1.4%
2017-07-31 08:00 AM GDP Growth Rate QoQ Flash 0.6% 1.3% 0.7%
2017-09-01 08:00 AM GDP Growth Rate QoQ 2nd Est 0.6% 1.3% 0.6% 0.6%
2017-10-30 09:00 AM GDP Growth Rate QoQ Flash 0.7%
2017-12-01 09:00 AM GDP Growth Rate QoQ 2nd Est 0.7%

Lithuania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.30 4.80 -13.10 percent [+]
GDP Annual Growth Rate 4.00 4.10 12.30 -15.70 percent [+]
GDP 42.74 41.40 48.55 7.00 USD Billion [+]
GDP Constant Prices 8893.80 8844.40 8893.80 6412.40 EUR Million [+]
Gross National Product 9735.00 10020.00 32694.00 5358.00 EUR Million [+]
Gross Fixed Capital Formation 1775.20 1354.40 2193.50 694.80 EUR Million [+]
GDP per capita 15872.72 15341.84 15872.72 5322.42 USD [+]
GDP per capita PPP 27904.10 26970.81 27904.10 8862.00 USD [+]

Lithuania GDP Growth Rate

In 2015, Lithuania became the 19th member of Euro Area. Lithuania’s service sector constitutes the largest share of GDP with information and communication technologies being the fastest growing. Also, in recent years Lithuania has shifted towards a knowledge-based economy: several companies produce sophisticated biotech products like pharmaceutical substances, components for molecular diagnostics and laser equipment. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Exports of goods and services account for 81 percent while imports account for 79 percent, adding 2 percent of total GDP. On a production side, the wholesale and retail trade, transport, accommodation and food service activities sector is the most important and accounts for around 32 percent to total GDP. It follows by industry (23 percent of total GDP); manufacturing (19 percent); public administration, defence, education, human health and social work activities (14 percent); construction (7 percent); real estate activities (6 percent); professional, scientific and technical activities and administrative and support services (6 percent); information and communication (3 percent); agriculture (4 percent); financial and insurance (2 percent); and arts, entertainment and recreation, repair of household goods and other services (2 percent). This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.30 4.80 -13.10 1995 - 2017 percent Quarterly

gdp growth rate by Country

Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17