Lithuanian economy advanced 3.9 percent year-on-year in the first quarter of 2019, below a first reading of 4.1 percent, and softer than a 4.2 percent expansion in the first quarter. On a quarterly basis, the GDP grew 0.8 percent, less than an earlier estimate of a 0.9 percent growth and compared to a 1.2 percent rise in the previous period, the weakest since the third quarter last year. GDP Annual Growth Rate in Lithuania averaged 4.30 percent from 1996 until 2019, reaching an all time high of 12.30 percent in the third quarter of 2007 and a record low of -15.70 percent in the second quarter of 2009.

GDP Annual Growth Rate in Lithuania is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Lithuania to stand at 2.70 in 12 months time. In the long-term, the Lithuania GDP Annual Growth Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

Lithuania GDP Annual Growth Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 06:00 AM GDP Growth Rate YoY Flash Q1 3.90% 3.8% 3.1%
2019-05-31 06:00 AM GDP Growth Rate YoY 2nd Est Q1 4.0% 3.8% 3.9%
2019-07-30 06:00 AM GDP Growth Rate YoY Flash Q2 4.1% 4.2% 2.7%
2019-08-30 06:00 AM GDP Growth Rate YoY 2nd Est Q2 3.9 4.2% 4.1%
2019-10-30 07:00 AM GDP Growth Rate YoY Flash Q3 3.9% 3%
2019-11-29 07:00 AM GDP Growth Rate YoY 2nd Est Q3 3%

Lithuania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 1.20 4.80 -13.10 percent [+]
GDP Annual Growth Rate 3.90 4.20 12.30 -15.70 percent [+]
GDP 53.25 47.54 53.25 7.00 USD Billion [+]
GDP Constant Prices 9632.00 9555.60 9632.00 6412.40 EUR Million [+]
Gross National Product 40334.10 37143.30 40334.10 3366.50 EUR Million [+]
Gross Fixed Capital Formation 2110.60 1677.80 2193.50 694.80 EUR Million [+]
GDP per capita 17669.70 16838.50 17669.70 5322.42 USD [+]
GDP per capita PPP 31065.06 29603.88 31065.06 8862.00 USD [+]

Lithuania GDP Annual Growth Rate

Lithuania joined the Euro Area in January 2015. The country was among the hardest hit by the global financial crisis in 2008, the GDP contracted by 14.8 percent in 2009. Since 2010, however, Lithuania has been ranked among the fastest growing economies in the European Union. 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.90 4.20 12.30 -15.70 1996 - 2019 percent Quarterly

Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
Spain 2.10 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
United Kingdom 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Jun/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19