Lithuanian GDP advanced 1.0 percent on quarter in the three months to March 2022, faster than a preliminary estimate of 0.9 percent expansion, after an upwardly revised 1.5 percent growth in the previous period. Increases were reported in manufacturing (2.5% vs 3.6%), agriculture, forestry and fishing (0.3% vs 1.8%), construction (3.2% vs 0.6%), real-estate activities (0.1% vs 1.4%). By contrast, decreases were seen in financial and insurance activities (-2.2% vs 3.2%), wholesale and retail trade (-0.3% vs 0.3%), information and communication (-0.3% vs 2.5%). On a yearly basis, the GDP grew by 4.6 percent, faster than an earlier estimate of 4.4% growth, and the least in four quarters, following a 5.3 percent gain in the fourth quarter. source: Statistics Lithuania

GDP Growth Rate in Lithuania averaged 1.03 percent from 1995 until 2022, 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 June of 2022.

GDP Growth Rate in Lithuania is expected to be -1.50 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 2023 and 1.00 percent in 2024, according to our econometric models.

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Lithuania GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 06:00 AM QoQ Flash Q1 0.9% 1.3% 0.9%
2022-05-31 06:00 AM QoQ 2nd Est Q1 1.0% 1.5% 0.9%
2022-07-29 06:00 AM QoQ Flash Q2 1.0% -1.5%


Related Last Previous Unit Reference
GDP Growth Rate 1.00 1.50 percent Mar 2022
GDP Annual Growth Rate 4.60 5.30 percent Mar 2022
GDP Constant Prices 11666.60 11508.00 EUR Million Mar 2022
Gross National Product 53392.60 47412.40 EUR Million Dec 2021
Gross Fixed Capital Formation 2217.80 2735.00 EUR Million Mar 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.50 4.40 -12.90 1995 - 2022 percent Quarterly
SA

News Stream
Lithuania Q1 GDP Growth Revised Higher
Lithuanian GDP advanced 1.0 percent on quarter in the three months to March 2022, faster than a preliminary estimate of 0.9 percent expansion, after an upwardly revised 1.5 percent growth in the previous period. Increases were reported in manufacturing (2.5% vs 3.6%), agriculture, forestry and fishing (0.3% vs 1.8%), construction (3.2% vs 0.6%), real-estate activities (0.1% vs 1.4%). By contrast, decreases were seen in financial and insurance activities (-2.2% vs 3.2%), wholesale and retail trade (-0.3% vs 0.3%), information and communication (-0.3% vs 2.5%). On a yearly basis, the GDP grew by 4.6 percent, faster than an earlier estimate of 4.4% growth, and the least in four quarters, following a 5.3 percent gain in the fourth quarter.
2022-05-31
Lithuania GDP Growth Eases to 0.9% in Q1
Lithuanian GDP advanced 0.9 percent on quarter in the three months to March 2022, after an upwardly revised 1.3 percent growth in the previous period, flash data showed. Positive contributions came from wholesale and retail trade, professional, scientific and technical, administrative and service activities. On a yearly basis, the economy grew by 4.4 percent, the least in four quarters, following an upwardly revised 5.3 percent expansion in the fourth quarter.
2022-04-29
Lithuania Q4 GDP Growth Revised Up to 1.1%
Lithuanian GDP expanded 1.1 percent on quarter in the three months to December 2021, faster than a preliminary estimate of 0.5 percent expansion, after an upwardly revised 0.7 percent growth in the previous period. Increases were reported in manufacturing (3.6% vs 2.3%), agriculture, forestry and fishing (1.7% vs -0.8%), construction, wholesale and retail trade (0.1% vs 1.0%), information and communication (2.6% vs 3.1%), real-estate activities (1.4% vs 0.9%). By contrast, decreases were seen in financial and insurance activities (-1.8% vs -3.1%). On a yearly basis, the GDP grew by 5.0 percent, following a 4.8 percent gain in the third quarter.
2022-03-01