Lithuania GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Lithuanian economy expanded 0.1 percent quarter-on-quarter in the third quarter of 2016, following a 0.4 percent growth in the previous period, matching preliminary estimates. It was the weakest expansion since the first quarter of 2015 mainly driven by a slowdown in private spending (1.4 percent from 1.8 percent in Q2) and a fall in gross fixed capital formation (-3.6 percent compared to 2.5 percent). Government spending rose 0.2 percent, the same as in the previous period while exports recovered (0.9 percent from -0.2 percent) and imports declined 1.1 percent (1.8 percent in Q2). On a yearly basis, the GDP advanced 1.7 percent compared with a 1.9 expansion in the second quarter. GDP Growth Rate in Lithuania averaged 1.04 percent from 1995 until 2016, 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.

Lithuania GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-30 08:00 AM Q2 0.2% 0.9% 0.1% 0.1%
2016-10-31 09:00 AM Q3 0.1% 0.4% 0.5%
2016-11-30 09:00 AM Q3 0.1% 0.4% 0.1% 0.1%
2017-01-30 09:00 AM Q4 0.67%
2017-02-28 09:00 AM Q4 0.67%
2017-04-28 08:00 AM Q1 0.71%




Lithuania GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.40 4.20 -13.10 percent [+]
GDP Annual Growth Rate 1.70 2.10 11.60 -15.80 percent [+]
GDP 41.24 48.35 48.35 7.00 USD Billion [+]
GDP Constant Prices 8574.60 8512.90 8574.60 6403.30 EUR Million [+]
Gross National Product 8156.00 9318.00 32694.00 5358.00 EUR Million [+]
Gross Fixed Capital Formation 1776.60 1287.60 2197.20 697.30 EUR Million [+]
GDP per capita 15227.82 14875.61 15227.82 5324.15 USD [+]
GDP per capita PPP 26396.87 25786.34 26396.87 8862.00 USD [+]



Lithuania GDP Growth Rate Notes

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). This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.40 4.20 -13.10 1995 - 2016 percent Quarterly



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