Lithuania GDP Growth Rate
The Gross Domestic Product (GDP) in Lithuania expanded 0.70 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Lithuania averaged 1.10 Percent from 1995 until 2014, reaching an all time high of 4.20 Percent in the first quarter of 2003 and a record low of -13.10 Percent in the first quarter of 2009. GDP Growth Rate in Lithuania is reported by the Statistics Lithuania.
||1995 - 2014
Lithuania was one of the fastest growing economies in the European Union P prior to the global financial crisis. 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. This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.