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

The Lithuanian economy advanced 1.4 percent quarter-on-quarter in the fourth quarter of 2017, following an upwardly revised 0.5 percent growth in the previous period and slightly below a preliminary reading of 1.5 percent. It is the highest growth rate since the third quarter of 2013 amid a jump in gross fixed capital formation (7.5 percent compared to 1.3 percent in the previous quarter) and higher household spending (2.1 percent compared to 0.4 percent). Also, public expenditure went up 0.2 percent (0.1 percent in the previous period). On the other hand, both export (2.6 percent compared to 2.8 percent) and import (3 percent compared to 3.3 percent) growth slowed. Year-on-year, the economy advanced 3.9 percent, in line with the preliminary reading. Considering full 2017, the GDP grew 3.8 percent, stronger than 2.3 percent in 2016. 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
2017-12-01 09:00 AM GDP Growth Rate QoQ 2nd Est 0.1% 0.6% 0.1% 0.1%
2018-01-30 09:00 AM GDP Growth Rate QoQ Flash 1.5% 0.4% 0.7%
2018-03-01 09:00 AM GDP Growth Rate QoQ 2nd Est 1.4% 0.5% 1.5% 1.5%
2018-04-30 08:00 AM GDP Growth Rate QoQ Flash 1.4% 1%
2018-06-01 08:00 AM GDP Growth Rate QoQ 2nd Est
2018-07-30 08:00 AM GDP Growth Rate QoQ Flash 1%

Lithuania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 0.50 4.80 -13.10 percent [+]
GDP Annual Growth Rate 3.90 3.20 12.30 -15.70 percent [+]
GDP 42.74 41.40 48.55 7.00 USD Billion [+]
GDP Constant Prices 9095.20 8974.00 9095.20 6412.40 EUR Million [+]
Gross National Product 37143.30 35902.60 37143.30 3366.50 EUR Million [+]
Gross Fixed Capital Formation 2038.40 1896.40 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 0.50 4.80 -13.10 1995 - 2017 percent Quarterly

GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17