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. 2014-04-21

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

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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%
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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 22142.80 2014-06-30 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 5389.26 2014-06-30 LTL Million [+]
Gross National Product 29643.00 2013-11-15 31292.00 31292.00 5358.00 30787.98 2014-06-30 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 [+]
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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 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.
Lithuania Producer Prices at 113.60 Index Points  
Producer Prices in Lithuania increased to 113.60 Index Points in February of 2014 from 113.20 Index Points in January of 2014. Producer Prices in Lithuania is reported by the Statistics Lithuania.
Lithuania Remittances at 391.00 EUR Million  
Remittances in Lithuania increased to 391 EUR Million in the third quarter of 2013 from 319 EUR Million in the second quarter of 2013. Remittances in Lithuania is reported by the Eurostat.
Lithuania Unemployed Persons at 208.69 Thousand  
The number of unemployed persons in Lithuania decreased to 208.69 Thousand in February of 2014 from 210.93 Thousand in January of 2014. Unemployed Persons in Lithuania is reported by the Statistics Lithuania.
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