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Thursday, 25.04.2024, 16:32
In Q4, GDP in Lithuania grew by 2.5%
Print version
Statistics Lithuania, based on more comprehensive business, tax and price statistics, has revised the first GDP estimate for IV quarter 2014 and, additionally, estimated GDP components by production and expenditure approaches.
According to revised data, in IV quarter 2014, against the same quarter of 2013, a positive change in the value added was observed in almost all activities, except for financial and insurance. The fastest growth in the value added was observed in construction (11.6%), manufacturing (3%), arts, entertainment and recreation, repair of household goods and other services (3%), professional, scientific and technical, and administrative and support (2.6%) enterprises. In enterprises engaged in other activities, the growth in the value added was slower than in the whole economy. In IV quarter 2014, against IV quarter 2013, the value added of enterprises engaged in financial and insurance activities decreased by 1%. (The changes provided were seasonally and working day adjusted.)
 |
| GDP changes (1) |
In 2014, GDP amounted to EUR 36 287.9 million (LTL 125 294.8 million), and against 2013, working day adjusted, increased by 3%. In 2014, the economic growth in the country was mainly determined by the performance of construction (15.5%), agriculture, forestry and fishing (3.5%) and industrial (3.4%) enterprises.
As for GDP estimated by expenditure approach, in IV quarter 2014, against the same quarter of 2013, an increase was observed in all main GDP components. Final household consumption expenditure grew by 4.4, that of general government – by 1.4, gross fixed capital formation – by 4%. Exports of goods and services grew by 3.7, imports – by 9.2%.
Table 1. GDP changes
|
|
At current prices |
GDP changes, % |
|||
|
EUR million |
compared to the previous period |
compared to the same period of the previous year |
seasonally and working day adjusted |
||
|
compared to the previous period |
compared to the same period of the previous year |
||||
|
2010 |
28 001.3 |
1.6 |
1.6 |
1.7 |
1.7 |
|
I |
6 281.0 |
–7.8 |
–1.0 |
0.9 |
–1.1 |
|
II |
7 155.9 |
10.5 |
1.2 |
1.6 |
1.6 |
|
III |
7 327.3 |
6.7 |
0.9 |
0.0 |
1.0 |
|
IV |
7 277.0 |
–3.2 |
5.1 |
2.5 |
5.1 |
|
2011 |
31 247.3 |
6.1 |
6.1 |
6.1 |
6.1 |
|
I |
6 905.0 |
–7.1 |
6.0 |
1.9 |
6.1 |
|
II |
7 970.4 |
10.0 |
5.5 |
1.7 |
6.2 |
|
III |
8 340.1 |
8.3 |
7.1 |
0.6 |
6.8 |
|
IV |
8 031.8 |
–4.5 |
5.7 |
1.1 |
5.3 |
|
2012 |
33 314.0 |
3.8 |
3.8 |
3.9 |
3.9 |
|
I |
7 480.5 |
–8.7 |
3.9 |
1.3 |
4.7 |
|
II |
8 316.9 |
8.0 |
2.0 |
–0.2 |
2.8 |
|
III |
8 942.2 |
11.7 |
5.1 |
2.1 |
4.4 |
|
IV |
8 574.4 |
–5.2 |
4.3 |
0.6 |
3.9 |
|
2013◘ |
34 955.6 |
3.3 |
3.3 |
3.2 |
3.2 |
|
I |
7 748.6 |
–9.8 |
3.1 |
0.2 |
2.7 |
|
II |
8 845.3 |
8.7 |
3.7 |
0.9 |
3.9 |
|
III |
9 360.5 |
10.8 |
3.0 |
1.1 |
2.9 |
|
IV |
9 001.2 |
–4.9 |
3.3 |
0.8 |
3.1 |
|
2014* |
36 287.9 |
2.9 |
2.9 |
3.0 |
3.0 |
|
I* |
8 124.3 |
–9.8 |
3.3 |
0.5 |
3.4 |
|
II* |
9 174.6 |
8.8 |
3.4 |
0.8 |
3.3 |
|
III* |
9 729.4 |
10.1 |
2.7 |
0.5 |
2.7 |
|
IV♦ |
9 259.6 |
-5.2 |
2.4 |
0.6 |
2.5 |
Table 2. Changes in gross value added (1) by group of economic activity, compared to the same period of the previous year, %
|
|
A |
B + C + D + E |
C |
F |
G + H + I |
J |
K |
L |
M + N |
O + P + Q |
R + S + T |
|
2010 |
–6.8 |
6.8 |
9.0 |
–6.2 |
4.3 |
1.8 |
10.3 |
–1.2 |
–2.6 |
–2.4 |
–6.2 |
|
I |
1.6 |
1.0 |
–2.6 |
–21.7 |
3.4 |
0.7 |
2.3 |
–1.5 |
3.5 |
–5.1 |
–9.3 |
|
II |
–5.5 |
4.7 |
8.1 |
–8.0 |
4.6 |
2.0 |
5.1 |
–2.3 |
6.0 |
–3.9 |
–7.4 |
|
III |
–19.0 |
5.3 |
9.8 |
3.3 |
7.7 |
3.9 |
16.0 |
–1.4 |
–10.7 |
0.1 |
–5.4 |
|
IV |
–2.7 |
16.2 |
21.5 |
5.1 |
1.7 |
0.6 |
19.5 |
0.4 |
–7.9 |
–0.5 |
–2.4 |
|
2011 |
8.2 |
7.2 |
10.0 |
19.2 |
8.0 |
–4.1 |
9.3 |
1.3 |
3.7 |
0.2 |
4.4 |
|
I |
4.8 |
12.8 |
18.8 |
17.5 |
9.2 |
–6.8 |
6.8 |
0.0 |
–0.4 |
–1.3 |
1.5 |
|
II |
5.2 |
11.5 |
13.2 |
15.3 |
6.0 |
–5.1 |
10.3 |
1.2 |
0.3 |
0.3 |
3.1 |
|
III |
14.0 |
8.0 |
9.0 |
17.7 |
6.4 |
–4.1 |
16.4 |
–0.9 |
7.7 |
–0.0 |
5.5 |
|
IV |
9.2 |
–2.2 |
0.5 |
26.2 |
10.6 |
–0.3 |
4.0 |
5.2 |
7.9 |
1.9 |
7.3 |
|
2012◘ |
10.7 |
3.1 |
4.2 |
–5.1 |
7.0 |
4.4 |
–6.3 |
1.5 |
5.1 |
1.3 |
6.5 |
|
I |
3.1 |
0.9 |
0.4 |
8.3 |
5.8 |
8.1 |
0.5 |
1.1 |
5.4 |
1.4 |
7.1 |
|
II |
11.5 |
–1.1 |
0.5 |
–1.7 |
5.9 |
5.2 |
–5.7 |
1.2 |
4.5 |
1.2 |
8.1 |
|
III |
17.3 |
4.5 |
6.5 |
–11.5 |
7.6 |
1.6 |
–10.8 |
3.4 |
4.9 |
1.4 |
6.7 |
|
IV |
11.0 |
8.3 |
9.4 |
–13.3 |
8.7 |
2.8 |
–8.8 |
0.2 |
5.7 |
1.3 |
4.0 |
|
2013* |
–2.2 |
3.8 |
5.5 |
10.1 |
4.1 |
1.9 |
2.8 |
1.0 |
4.0 |
1.4 |
1.9 |
|
I |
5.9 |
6.8 |
9.7 |
–6.1 |
5.7 |
0.4 |
–4.3 |
1.1 |
3.1 |
1.5 |
2.3 |
|
II |
–1.9 |
5.4 |
6.9 |
9.3 |
4.4 |
2.2 |
1.7 |
1.2 |
5.1 |
1.6 |
2.0 |
|
III |
–7.3 |
1.4 |
2.2 |
18.1 |
3.7 |
2.4 |
5.7 |
0.7 |
3.7 |
1.5 |
1.1 |
|
IV |
–4.5 |
1.9 |
3.6 |
20.5 |
2.8 |
2.7 |
8.5 |
1.1 |
4.1 |
1.2 |
2.1 |
|
2014 |
3.5 |
2.4 |
3.4 |
15.5 |
2.4 |
1.6 |
0.1 |
1.2 |
2.1 |
1.0 |
2.7 |
|
I* |
3.1 |
1.6 |
3.3 |
26.5 |
2.6 |
2.6 |
2.3 |
1.5 |
2.0 |
1.1 |
2.4 |
|
II* |
4.3 |
3.5 |
4.6 |
13.6 |
3.2 |
0.5 |
1.9 |
1.5 |
0.7 |
0.9 |
2.0 |
|
III* |
4.7 |
1.9 |
2.7 |
20.0 |
3.2 |
1.5 |
-2.7 |
0.9 |
3.1 |
0.9 |
3.3 |
|
IV♦ |
1.8 |
2.6 |
3.0 |
11.6 |
0.7 |
1.8 |
-1.0 |
1.0 |
2.6 |
1.0 |
3.0 |
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.
Table 3. Changes in the main GDP components estimated by expenditure approach (1), compared to the same period of the previous year, %
|
|
Final consumption expenditure |
Gross fixed capital formation |
Exports of goods and services |
Imports of goods and services |
||
|
total |
household |
general government |
||||
|
2010 |
–3.5 |
–4.0 |
–3.5 |
1.1 |
18.9 |
18.5 |
|
I |
–7.4 |
–8.1 |
–4.3 |
–23.1 |
4.8 |
4.7 |
|
II |
–6.7 |
–6.1 |
–4.1 |
–4.6 |
21.2 |
18.8 |
|
III |
–1.1 |
–2.9 |
–3.2 |
21.5 |
24.4 |
21.5 |
|
IV |
2.0 |
1.7 |
–2.2 |
17.7 |
25.5 |
29.3 |
|
2011 |
3.6 |
4.7 |
0.2 |
19.8 |
14.9 |
14.2 |
|
I |
2.0 |
4.8 |
-1.0 |
30.9 |
23.4 |
27.4 |
|
II |
4.2 |
5.2 |
0.0 |
25.3 |
18.1 |
18.6 |
|
III |
3.3 |
5.2 |
0.7 |
12.6 |
12.7 |
10.5 |
|
IV |
5.0 |
3.7 |
1.2 |
13.0 |
7.2 |
3.0 |
|
2012◘ |
2.5 |
3.1 |
1.4 |
-0.9 |
12.2 |
4.6 |
|
I |
3.0 |
3.4 |
1.4 |
6.5 |
8.6 |
-2.3 |
|
II |
2.7 |
2.7 |
1.4 |
-1.0 |
7.9 |
-1.4 |
|
III |
2.2 |
2.9 |
1.3 |
-3.3 |
13.7 |
10.0 |
|
IV |
2.1 |
3.5 |
1.4 |
-5.3 |
18.4 |
12.3 |
|
2013* |
4.2 |
5.2 |
1.7 |
6.2 |
9.4 |
11.0 |
|
I |
3.8 |
3.6 |
1.6 |
-3.1 |
16.4 |
18.1 |
|
II |
3.7 |
5.3 |
1.8 |
6.0 |
12.1 |
13.4 |
|
III |
5.6 |
6.0 |
1.8 |
10.1 |
6.7 |
7.8 |
|
IV |
3.9 |
5.9 |
1.6 |
12.4 |
3.5 |
5.8 |
|
2014* |
4.6 |
4.6 |
1.4 |
7.8 |
3.3 |
5.4 |
|
I* |
4.7 |
5.2 |
1.4 |
12.6 |
0.2 |
-1.3 |
|
II* |
5.3 |
4.9 |
1.3 |
9.7 |
4.6 |
8.6 |
|
III* |
3.5 |
4.0 |
1.3 |
5.3 |
4.8 |
4.9 |
|
IV♦ |
5.0 |
4.4 |
1.4 |
4.0 |
3.7 |
9.2 |
♦ Second estimate. * Provisional data.
◘ Non-final data.
_____________
1 Seasonally and working day adjusted, as published by Eurostat.
The real GDP changes have been estimated using a chain-linking method, which enables the elimination of the influence of price changes.
For more information, see the Database of Indicators.
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