Lithuanian GDP advanced 2.0% on quarter in the three months to March 2021, higher than an earlier estimate of 1.8% expansion, rebounding from an upwardly revised 0.3% contraction in the previous period. Increases were reported in real estate activities (2.7% vs -0.1%), information and communication (2.2% vs 2.3%), manufacturing (3.3% vs 1.9%), wholesale and retail trade, transport, accommodation and food service activities (4.6% vs 0.5%) and professional, scientific and technical activities, administrative and support service activities (7.0% vs 1.9%).By contrast, output shrank mainly for construction (-1.9% vs 1.8%) and arts, entertainment and recreation activities, repair of household goods and other services (-3.2% vs -12.7%). On a yearly basis, the GDP expanded by 1.2%, faster than an earlier estimate of 1.1% growth, recovering from an upwardly revised 1.2% decline in the fourth quarter 2020. source: Statistics Lithuania
GDP Growth Rate in Lithuania averaged 1 percent from 1995 until 2021, reaching an all time high of 4.80 percent in the first quarter of 2003 and a record low of -12.70 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 July of 2021.
GDP Growth Rate in Lithuania is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Lithuania to stand at 0.90 in 12 months time. 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.