Lithuanian economy expanded by 0.05 percent on quarter in the three months to September 2021, easing sharply from an upwardly revised 2.0 percent growth in the previous period. It was the fifth straight quarter of expansion in the economy, but the weakest growth in the sequence, the preliminary estimate showed. Positive contributions came from wholesale and retail trade, information and communication. On a yearly basis, the GDP advanced 4.8 percent, following an upwardly revised 8.3 percent growth in the second quarter. source: Statistics Lithuania

GDP Growth Rate in Lithuania averaged 1.03 percent from 1995 until 2021, reaching an all time high of 4.40 percent in the first quarter of 2003 and a record low of -12.90 percent in the first quarter of 2009. This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

GDP Growth Rate in Lithuania is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania GDP Growth Rate is projected to trend around 1.10 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Lithuania GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 06:00 AM QoQ 2nd Est Q2 1.0% 2.2% 0.4%
2021-10-29 06:00 AM QoQ Flash Q3 0.05% 2.0% 1.2%
2021-12-01 07:00 AM QoQ 2nd Est Q3 2.0% 0.05%


Related Last Previous Unit Reference
GDP Growth Rate 0.05 2.00 percent Sep/21
GDP Annual Growth Rate 4.80 8.30 percent Sep/21
GDP Constant Prices 11447.10 11138.40 EUR Million Sep/21
Gross National Product 47412.40 47109.90 EUR Million Dec/20
Gross Fixed Capital Formation 2699.00 2145.30 EUR Million Jun/21

News Stream
Lithuania GDP Growth Eases to 0.05% in Q3
Lithuanian economy expanded by 0.05 percent on quarter in the three months to September 2021, easing sharply from an upwardly revised 2.0 percent growth in the previous period. It was the fifth straight quarter of expansion in the economy, but the weakest growth in the sequence, the preliminary estimate showed. Positive contributions came from wholesale and retail trade, information and communication. On a yearly basis, the GDP advanced 4.8 percent, following an upwardly revised 8.3 percent growth in the second quarter.
2021-10-29
Lithuanian Q2 GDP Growth Revised Up to 1%
Lithuanian GDP advanced 1.0% on quarter in the three months to June 2021, compared with a preliminary estimate of 0.4 percent expansion, slowing from a 2.2 percent growth in the previous period. Increases were reported in real estate activities (1.1% vs 1.7%), manufacturing (4.0% vs 3.3%), wholesale and retail trade, transport, accommodation and food service activities (1.9% vs 4.5%), and construction (6.5% vs -2.5%). On a yearly basis, the GDP expanded by 7.8%, the most since the fourth quarter 2007, faster than an earlier estimate of 6.9% growth, following an upwardly revised 1.5 percent expansion in the first quarter.
2021-08-31
Lithuania GDP Growth Eases to 0.4% in Q2
Lithuanian economy grew by 0.4 percent on quarter in the three months to June 2021, easing sharply from an upwardly revised 2.2 percent expansion in the previous period, the preliminary estimate showed. Positive contributions came from manufacturing, construction, wholesale and retail trade. On a yearly basis, the GDP advanced 6.9 percent, the most since the third quarter 2011, following a 1.2 percent growth in the first quarter.
2021-07-30

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).