Lithuania GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

Lithuania´s gross domestic product advanced by 3.1 percent year-on-year in the third quarter of 2017, in line with the preliminary estimate and easing from an upwardly revised 4.1 percent growth in the previous period. It was the weakest growth rate in one year. The expansion was mainly boosted by wholesale and retail trade, repairs, transport and storage of motor vehicles and motorcycles, transport and storage, accommodation and catering services. On a seasonally adjusted quarterly basis, the GDP increased by 0.1 percent, after growing by 0.6 percent in the previous three-month period, also in line with the preliminary estimate. GDP Annual Growth Rate in Lithuania averaged 4.33 percent from 1996 until 2017, 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.

Lithuania GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-09-01 08:00 AM GDP Growth Rate YoY 2nd Est 4.0% 4.1% 3.9% 3.9%
2017-10-30 09:00 AM GDP Growth Rate YoY Flash 3.10% 4.10% 3.8%
2017-12-01 09:00 AM GDP Growth Rate YoY 2nd Est 3.1% 4.1% 3.1% 3.1%
2018-01-30 09:00 AM GDP Growth Rate YoY Flash 3.4%
2018-03-01 09:00 AM GDP Growth Rate YoY 2nd Est 3.4%
2018-04-30 08:00 AM GDP Growth Rate YoY Flash

Lithuania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.60 4.80 -13.10 percent [+]
GDP Annual Growth Rate 3.10 4.10 12.30 -15.70 percent [+]
GDP 42.74 41.40 48.55 7.00 USD Billion [+]
GDP Constant Prices 8938.20 8893.80 8938.20 6412.40 EUR Million [+]
Gross National Product 37143.30 35902.60 37143.30 3366.50 EUR Million [+]
Gross Fixed Capital Formation 1896.40 1775.20 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 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.10 4.10 12.30 -15.70 1996 - 2017 percent Quarterly

GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17