Lithuania GDP Growth Rate

The Gross Domestic Product (GDP) in Lithuania expanded 1.20 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Lithuania is reported by the Statistics Lithuania. GDP Growth Rate in Lithuania averaged 1.11 Percent from 1995 until 2013, reaching an all time high of 4.20 Percent in the first quarter of 2003 and a record low of -13.50 Percent in the first quarter of 2009. 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.20 0.20 4.20 -13.50 -0.19 | 2014/06 1995 - 2013 Percent Quarterly

TO

Lithuania GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-10-30 09:00 AM Lithuania
GDP Growth Rate QoQ - Preliminary
Q3 2013 0.1% 0.6% (R) 0.67%
2013-11-29 09:00 AM Lithuania
GDP Growth Rate QoQ - F.
Q3 2013 0.2% 0.1% 0.67%
2014-01-30 09:00 AM Lithuania
GDP Growth Rate QoQ Flash
Q4 2013 1.2% 0.2% 0.1%
2014-02-28 09:00 AM Lithuania
GDP Growth Rate QoQ - 2 Est
Q4 2013 1.2% 0.2% 1.2% 1.2%
2014-04-30 09:00 AM Lithuania
GDP Growth Rate QoQ Flash
Q1 2014 1.2% 0.17%
2014-05-30 09:00 AM Lithuania
GDP Growth Rate QoQ - 2 Est
Q1 2014 0.17%
[+]

GDP Last Previous Highest Lowest Forecast Unit
GDP 42.25 2012-12-31 42.87 47.25 7.00 43.91 2014-06-30 USD Billion [+]
GDP Constant Prices 21934.80 2013-11-15 21673.00 21934.80 20297.10 22002.96 2014-03-31 LTL Million [+]
GDP Growth Rate 1.20 2013-12-31 0.20 4.20 -13.50 -0.19 2014-06-30 Percent [+]
GDP Annual Growth Rate 3.30 2013-12-31 2.30 11.60 -15.80 2.50 2014-06-30 Percent [+]
Gross Fixed Capital Formation 5078.40 2013-11-15 5399.30 6658.10 1357.00 5250.16 2014-03-31 LTL Million [+]
Gross National Product 29643.00 2013-11-15 31292.00 31292.00 5358.00 30326.68 2014-03-31 LTL Million [+]
GDP per capita 10056.37 2012-12-31 9554.62 10056.37 3800.50 10949.90 2014-06-30 USD [+]
GDP per capita PPP 18776.13 2012-12-31 17839.32 18776.13 7095.86 20444.42 2014-06-30 USD [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Lithuania Government Spending at 3431.40 LTL Million  
Government Spending in Lithuania increased to 3431.40 LTL Million in the fourth quarter of 2013 from 3155.90 LTL Million in the third quarter of 2013. Government Spending in Lithuania is reported by the Statistics Lithuania.
Lithuania Gross Fixed Capital Formation at 5078.40 LTL Million  
Gross Fixed Capital Formation in Lithuania decreased to 5078.40 LTL Million in the fourth quarter of 2013 from 5399.30 LTL Million in the third quarter of 2013. Gross Fixed Capital Formation in Lithuania is reported by the Statistics Lithuania.
Lithuania Gross National Income at 29643.00 LTL Million  
Gross National Product in Lithuania decreased to 29643 LTL Million in the fourth quarter of 2013 from 31292 LTL Million in the third quarter of 2013. Gross National Product in Lithuania is reported by the Statistics Lithuania.
Lithuania Harmonised Consumer Prices at 140.13 Index Points  
Harmonised Consumer Prices in Lithuania increased to 140.13 Index Points in March of 2014 from 139.60 Index Points in February of 2014. Harmonised Consumer Prices in Lithuania is reported by the Statistics Lithuania.
Lithuania Completed Dwellings at 1987.00  
Housing Index in Lithuania increased to 1987 in the fourth quarter of 2013 from 1442 in the third quarter of 2013. Housing Index in Lithuania is reported by the Statistics Lithuania.
Lithuania Imports at 6512.30 LTL Million  
Imports in Lithuania increased to 6512.30 LTL Million in February of 2014 from 6425.30 LTL Million in January of 2014. Imports in Lithuania is reported by the Statistics Lithuania.
Lithuania Import Prices at 96.70 Index Points  
Import Prices in Lithuania decreased to 96.70 Index Points in the fourth quarter of 2013 from 97.80 Index Points in the third quarter of 2013. Import Prices in Lithuania is reported by the Statistics Lithuania.
Lithuania Average Interbank Rate at 0.14 Percent  
Interbank Rate in Lithuania decreased to 0.14 percent in March of 2014 from 0.21 percent in February of 2014. Interbank Rate in Lithuania is reported by the Bank of Lithuania.
Lithuania Labour Costs at 104.70 Index Points  
Labour Costs in Lithuania decreased to 104.70 Index Points in the fourth quarter of 2013 from 105.90 Index Points in the third quarter of 2013. Labour Costs in Lithuania is reported by the Statistics Lithuania.
Lithuania Personal Savings at 0.51 Percent  
Personal Savings in Lithuania decreased to 0.51 percent in February of 2014 from 0.61 percent in January of 2014. Personal Savings in Lithuania is reported by the Bank of Lithuania.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News