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Saturday, 29.11.2014, 11:35
Data compiled by the Central Statistical Bureau (CSB) show that, in the 3rd quarter of 2014, compared to the 2nd quarter of 2014, gross domestic product (GDP) at constant prices, according to seasonally adjusted data, grew by 0.5%, but, compared to the 3rd quarter of 2013, it has risen by 2.4%.
Keyword tags: Analytics, Economics, GDP, Latvia, Markets and Companies
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in III quarter 2014, GDP at current prices amounted to LTL 33 681 million (EUR 9 754.6 million). Compared to the same period of 2013, seasonally and working day adjusted, real GDP growth stood at 2.6%, compared to II quarter 2014 – at 0.5%.
Even though Russia's sanctions have continued for longer than anticipated and Lithuanian transport sector will incur losses, nonetheless it is yet too early to talk about the impact on Lithuania's gross domestic product (GDP) growth, says Head of Financial Markets at Danske Bank Giedre Geciauskiene, cites LETA/ELTA.
DNB raised the economic growth forecasts for Estonia and Lithuania in 2014, but lowered its expectations for the performance of the Baltic countries in 2015, LETA/Public Broadcasting reports.
Statistics Lithuania informs that, based on non-final data, in 2013, gross domestic product (GDP) increased in all counties. In 2013, the largest increase in nominal GDP per capita was observed in Vilnius and Kaunas counties – by 6.6 and 6.4% respectively; nominal GDP per capita in the whole economy grew by 6%.
The weak eurozone economy poses a key threat to global growth, the OECD warned Tuesday, urging more flexibility in fiscal rules for struggling EU members like France and Italy to prevent another recession, cites LETA/AFP.
Despite Russia's embargo and the complicated situation in top export markets, Lithuanian economic growth in 2014 will be among the fastest in the EU member states, writes LETA/ELTA.