Analytics, Economics, GDP, Good for Business, Lithuania, Statistics

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 08:50

Lithuania's 2Q GDP grows 3.8%

Jūratė Petrauskienė, Head, Methodology and Quality Division, Jurijus Sluka, Deputy Head, National Accounts Division,, 31.08.2018.Print version
Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in II quarter 2018, country’s gross domestic product (GDP) at current prices amounted to EUR 11.2 bn. Compared to I quarter 2018, the real GDP change1 stood at 0.9%.

As for GDP estimated by production approach, in II quarter 2018, against the previous period, the largest positive influence on the change1 was made by an increase in value added generated in wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities and construction. The negative influence was made by a decrease in value added generated in agriculture, forestry and fishing.


As for GDP estimated by expenditure approach, in II quarter 2018, against the previous quarter, final household consumption expenditure increased by 2.2%1, general government expenditure did not significantly change. Gross fixed capital formation increased by 2.4%1, exports of goods and services – 1.6%1, while imports decreased by 0.5%1.


In the first half-year of 2018, GDP amounted to EUR 21.0 bn at current prices. Against the respective period of 2017, the real GDP change, seasonally and calendar adjusted, stood at 3.7% (unadjusted – at 3.8%).


Real GDP changes3

_________________________
1 Seasonally and calendar adjusted

Table 1. Gross domestic product and its changes

 

At current prices, EUR million

Real GDP changes, per cent

against the previous period

against the respective period of the previous year

seasonally and calendar adjusted

against the previous period

against the respective period of the previous year

2015

37 426.6

2.0

2.0

2.0

2.0

I

8 234.3

–9.4

1.6

0.5

1.7

II

9 381.9

8.5

1.7

0.9

1.9

III

10 146.9

10.1

2.2

0.7

2.3

IV

9 663.6

–5.2

2.5

0.1

2.2

2016

38 680.9

2.3

2.3

2.3

2.3

I

8 528.1

–9.6

2.3

0.3

2.1

II

9 676.3

7.8

1.7

0.6

1.9

III

10 399.2

10.3

1.8

1.0

2.2

IV

10 077.3

–3.6

3.6

1.2

3.2

2017*

41 858.0

3.9

3.9

3.9

3.9

I*

9 277.7

–9.1

4.1

1.1

4.0

II*

10 416.7

7.8

4.1

0.7

4.1

III*

11 211.7

9.4

3.2

0.5

3.6

IV*

10 951.9

–2.9

4.0

1.4

3.8

2018♦

 

 

 

 

 

I*

9 893.2

–9.4

3.7

0.9

3.6

II

11 150.0

7.9

3.8

0.9

3.8

 

Table 2. Real changes in gross value added1, by group of economic activity2
Compared to the previous period, per cent

 

A

B + C + D + E

C

F

G + H + I

J

K

L

M + N

O + P + Q

R + S + T

2015

5.2

1.8

3.1

–1.3

1.7

6.3

3.1

2.6

6.5

0.4

3.2

I

2.0

–0.4

1.2

0.7

0.8

2.8

2.2

1.0

2.1

0.0

0.8

II

–0.2

0.9

0.4

–2.5

1.5

0.6

–0.5

0.2

1.2

0.1

0.6

III

4.4

–0.3

0.0

–3.4

0.5

3.2

3.1

1.8

1.7

0.2

1.1

IV

–8.2

2.5

2.1

–6.6

2.2

1.5

–2.5

–0.3

1.1

0.2

–0.1

2016◘

–5.8

2.7

2.7

–7.6

4.9

6.1

4.0

1.8

5.5

1.5

0.7

I

–0.8

–1.0

–1.3

0.1

0.3

1.2

1.4

0.7

0.1

0.5

0.3

II

0.7

1.5

1.8

–1.2

1.4

0.6

4.2

–0.6

1.8

0.4

–0.2

III

–3.4

1.1

1.6

–1.2

1.7

0.7

–3.1

3.1

3.0

0.6

–0.1

IV

1.4

0.2

0.2

4.9

1.4

4.3

6.0

–2.9

1.8

0.5

0.4

2017*

–0.9

5.4

6.0

7.5

4.7

5.2

1.7

–0.3

4.8

1.2

0.0

I*

–0.7

3.1

3.3

1.2

0.6

–1.9

–3.2

–0.5

0.0

0.3

0.0

II*

–0.3

0.4

0.0

1.1

1.1

3.9

–0.1

1.4

1.5

0.2

0.1

III*

0.1

1.0

1.2

3.4

1.0

0.7

1.1

1.2

0.5

0.1

0.0

IV*

1.9

1.7

2.2

3.5

1.5

0.4

2.6

–2.7

0.4

0.0

–0.6

2018♦

 

 

 

 

 

 

 

 

 

 

 

I*

–5.1

0.9

1.0

4.7

0.7

–0.1

–2.5

–0.4

1.5

0.2

0.8

II♦

–0.2

0.1

0.1

2.8

1.4

3.2

0.4

2.2

1.0

0.1

0.1

 

Table 3. Real changes in the main GDP components estimated by expenditure approach1
Compared to the previous period, per cent

 

Final consumption expenditure

Gross fixed capital formation

Exports of goods and services

Imports of goods and services

total

household

General government

2015

3.2

4.4

0.1

5.0

–0.4

6.3

I

1.3

1.2

–0.3

5.1

–1.3

1.5

II

0.4

0.8

0.2

2.0

0.4

2.6

III

1.1

1.1

0.0

–2.7

0.2

–0.7

IV

0.3

0.9

–0.1

–4.9

0.7

0.7

2016◘

3.6

4.5

1.3

–0.1

3.5

2.7

I

0.3

0.8

0.7

3.9

0.6

–1.0

II

2.0

1.6

0.2

1.5

0.6

2.3

III

1.5

1.8

0.6

–3.5

2.0

1.1

IV

0.8

0.3

0.6

5.6

2.5

2.2

2017*

3.7

4.0

1.0

6.7

13.7

13.6

I*

1.2

1.2

0.0

–0.7

4.8

6.0

II*

0.5

0.8

0.2

2.7

4.0

2.4

III*

0.1

0.3

0.0

1.3

3.0

3.4

IV*

0.7

1.8

0.0

7.5

2.9

2.8

2018

 

 

 

 

 

 

I*

1.3

–0.9

0.4

–2.8

–2.1

–1.5

II¨

1.3

2.2

0.0

2.4

1.6

–0.5

¨ Second estimate    * Provision data    ◘ Non-final data

_________________________
2 A – agriculture, forestry and fishing; B + C + D + E – mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply, sewerage, waste treatment and remediation activities; C – manufacturing; F – construction; G + H + I – wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; J – information and communication; K – financial and insurance activities; L – real estate activities; M + N – professional, scientific and technical activities; administrative and support service activities; O + P + Q – public administration and defence; compulsory social security; education; human health and social work; R + S + T – arts, entertainment and recreation; repair of household goods and other services.
3 Real GDP changes have been estimated using a chain-linking method which enables the elimination of the influence of price changes.

 

Values of and changes in GDP and its components depend on the different seasons of the year; therefore, changes used for the comparison of GDP and its components for different periods are seasonally and calendar adjusted.

 







Search site