Lithuanian economy expanded 1.3 percent on quarter in the three months to December 2019, compared to an upwardly revised 0.3 percent growth in the previous period, the preliminary estimate showed. This was the strongest GDP growth since the fourth quarter of 2018. Positive contributions came from manufacturing, wholesale and retail trade, repair of motor vehicles and motorcycles, transport and storage, accommodation and catering, professional, scientific, technical, administrative and service activities. On a yearly basis, GDP rose by 3.8 percent, unchanged from an upwardly revised figure in the third quarter. It remained the weakest GDP growth since the fourth quarter 2015. Considering full 2019, the economy grew by 3.9 percent year-on-year.
GDP Growth Rate in Lithuania averaged 1.05 percent from 1995 until 2019, reaching an all time high of 4.80 percent in the first quarter of 2003 and a record low of -13.10 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.
GDP Growth Rate in Lithuania is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Lithuania to stand at 0.40 in 12 months time. In the long-term, the Lithuania GDP Growth Rate is projected to trend around 0.40 percent in 2021 and 0.60 percent in 2022, according to our econometric models.