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International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 17:31

Real GDP in Lithuania grew by 1.3% in Q2

Jurijus Sluka, Statistics Lithuania, 30.07.2015.Print version
Statistics Lithuania informs that in II quarter 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 9 274.9 million at current prices.

Compared to the same period of 2014, the real GDP change, stood at 1.3%1 (seasonally and working day unadjusted – 1.3%). Compared to I quarter 2015, the real GDP change stood at 0.6%1.

 

In II quarter 2015, against II quarter 2014, the value added grew in most economic activities. The positive change in GDP was mainly conditioned by manufacturing, construction, wholesale and retail trade activities1.

 

In I half-year 2015, GDP at current prices amounted to EUR 17 511 million. Compared to I half-year 2014, real GDP change stood at 1.4%1 (seasonally and working day unadjusted – 1.2%).


Fig. 1. Changes in gross domestic product1, compared to the respective period

-----------------------------------------------------------------
1 Seasonally and working days adjusted.


Fig. 2. Changes in gross domestic product


Statistics Lithuania, based on more detailed data and having estimated the value added by a more detailed list of economic activities, revised the GDP estimate for I quarter 2015. According to the revised data, against the same quarter of 2014, real GDP change stood at 1.6% (the previously published IV quarter real GDP change stood at 1.5%)1. In I quarter 2015, GDP at current prices amounted to EUR 8 235.9 million.


Gross domestic product and its changes

 

At current prices, EUR million

GDP changes, %

against
the previous
period

against
the same
period of
the previous
year

seasonally and working
day adjusted

against
the previous
period

against
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*

36 308.9

2.9

2.9

3.0

3.0

I*

8 124.2

–9.8

3.3

0.5

3.4

II*

9 172.6

8.8

3.4

0.8

3.3

III*

9 740.8

10.1

2.7

0.5

2.7

IV*

9 271.4

–5.1

2.5

0.7

2.6

2015♦

 

 

 

 

 

I*

8 235.9

–10.8

1.3

–0.5

1.6

II♦

9 274.9

8.7

1.3

0.6

1.3


♦ First estimate.    * Provisional data.    ◘ Non-final data.

 

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 working day adjusted.

 

For more information, see the Predefined Tables and Database of Indicators.





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