Lithuania GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

The economy of Lithuania advanced 0.9 percent on quarter in the three months to June of 2018, matching the preliminary estimate and at the same pace as in the previous period. Activity grew faster in wholesale and retail trade; repair of motor vehicles and motorcycles, transport and storage, accommodation and food service activities (1.4% vs 0.7% in Q1) while it rebounded in information and communication (3.2% vs -0.1%); real estate activities (2.2% vs -0.4%) and financial and insurance activities (0.4% vs -2.5%). On the expenditure side, output recovered for household consumption (2.2% vs -0.9%) and gross fixed capital formation (2.4% vs -2.8%) but government spending showed no growth (vs 0.4% in Q1). Meantime, net external demand contributed positively as exports recovered (1.6% vs -2.1%) while imports fell (-0.5% vs -1.5%). Year-on-year, the GDP expanded 3.8 percent compared to an earlier estimate of 3.7 percent and slightly above 3.7 percent in the first quarter. GDP Growth Rate in Lithuania averaged 1.05 percent from 1995 until 2018, 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
2018-06-01 08:10 AM GDP Growth Rate QoQ 2nd Est 0.9% 1.4% 0.8% 0.8%
2018-07-30 08:00 AM GDP Growth Rate QoQ Flash 0.9% 0.9% 0.7%
2018-08-31 08:00 AM GDP Growth Rate QoQ 2nd Est 0.9% 0.9% 0.9%
2018-10-30 09:00 AM GDP Growth Rate QoQ Flash 0.9% 0.6%
2018-11-30 09:00 AM GDP Growth Rate QoQ 2nd Est

Lithuania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.90 4.80 -13.10 percent [+]
GDP Annual Growth Rate 3.80 3.70 12.30 -15.70 percent [+]
GDP 47.17 42.77 48.52 7.00 USD Billion [+]
GDP Constant Prices 9259.30 9170.70 9259.30 6412.40 EUR Million [+]
Gross National Product 40334.10 37143.30 40334.10 3366.50 EUR Million [+]
Gross Fixed Capital Formation 1949.60 1540.50 2193.50 694.80 EUR Million [+]
GDP per capita 16793.25 15945.52 16793.25 5322.42 USD [+]
GDP per capita PPP 29524.26 28033.87 29524.26 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 4.80 -13.10 1995 - 2018 percent Quarterly

GDP growth rate by Country
Country Last
Singapore 4.70 Sep/18
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18