Lithuanian GDP shrank slightly 0.03% on quarter in the three months to September 2021, compared with a preliminary estimate of 0.05 percent expansion, reversing from a 2.0 percent growth in the previous period. Decreases were reported in financial and insurance activities (-3.3% vs 5.9%), agriculture, forestry and fishing (-0.7% vs 4.1%). By contrast, increases were seen in wholesale and retail trade (0.9% vs 2.3%), information and communication (3,5% vs 0.4%),construction (0.3% vs 0.5%), manufacturing (1.8% vs 3.2%). On a yearly basis, the GDP expanded by 4.7%, softer than an earlier estimate of 4.8% growth, following a 8.3 percent expansion in the second quarter. source: Statistics Lithuania
GDP Growth Rate in Lithuania averaged 1.03 percent from 1995 until 2021, reaching an all time high of 4.40 percent in the first quarter of 2003 and a record low of -12.90 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 January of 2022.
GDP Growth Rate in Lithuania is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.