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Lithuanian GDP growth stood at 1.7% in 2015

Gailutė Juškienė, Statistics Lithuania, 29.01.2016.Print version
Statistics Lithuania informs that in 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 37 241.7 million at current prices. Compared to 2014, the real GDP growth stood at 1.7% (1) (seasonally and working day unadjusted – at 1.6%).

In IV quarter 2015, GDP amounted to EUR 9 552.2 million at current prices; compared to IV quarter 2014, the real GDP growth stood at 2.1%1 (seasonally and working day unadjusted – at 2.0%), while compared to III quarter 2015 – at 0.5%1.

 

Compared to the first three quarters of 2015, the GDP growth rate observed in the fourth quarter was faster, which was due to better performance results of wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service, manufacturing, and financial and insurance enterprises.


Fig. 1. Changes in gross domestic product (1), compared to the same period of the previous
year

1 Seasonally and working day adjusted.


Fig. 2. Changes in gross domestic product, EUR million


Statistics Lithuania, on the basis of more comprehensive data and estimation of the value added in accordance with a more detailed list of economic activities, has revised the III quarter 2015 GDP estimate. According to the revised data, in III quarter 2015, GDP amounted to EUR 10 072.1 million at current prices. Against the same quarter of 2014, the real GDP growth stood at 1.8% (the previously published III quarter real GDP growth stood at 1.7%)1.


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

28 027.7

1.6

1.6

1.6

1.6

I

6 285.9

–7.8

–1.0

1.5

–1.2

II

7 122.5

10.5

1.3

1.1

1.3

III

7 336.9

6.7

1.0

0.0

1.1

IV

7 282.3

–3.2

5.2

2.5

5.2

2011

31 263.1

6.0

6.0

6.1

6.1

I

6 906.7

–7.1

5.9

2.3

5.9

II

7 974.2

10.0

5.4

1.3

6.1

III

8 348.7

8.3

7.1

0.7

6.9

IV

8 033.5

–4.5

5.7

1.2

5.6

2012

33 334.7

3.8

3.8

3.7

3.7

I

7 480.3

–8.8

3.8

0.0

3.3

II

8 318.0

8.0

1.9

0.7

2.7

III

8 959.7

11.8

5.2

2.8

4.9

IV

8 576.7

–5.3

4.3

0.2

3.8

2013◘

34 962.2

3.5

3.5

3.7

3.7

I

7 695.1

–9.5

3.4

0.5

4.3

II

8 772.3

8.6

4.1

0.8

4.4

III

9 515.5

10.8

3.1

0.9

2.5

IV

8 979.3

–4.9

3.6

1.3

3.6

2014*

36 444.4

3.0

3.0

3.0

3.0

I*

8 184.9

–8.9

4.3

0.9

4.0

II*

9 204.6

8.1

3.8

0.4

3.6

III*

9 777.3

9.5

2.6

0.1

2.7

IV*

9 277.5

–5.7

1.7

0.2

1.6

2015♦

37 241.7

1.6

1.6

0.5

1.7

I*

8 251.5

–9.3

1.3

0.7

1.4

II*

9 365.9

8.3

1.4

0.4

1.4

III*

10 072.1

9.8

1.7

0.5

1.8

IV♦

9 552.2

-5.5

2.0

0.5

2.1


♦ 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.

 

The values of and changes in GDP and its components depend on the season of the year. For this reason, for the comparison of GDP and its components' growth rates in different periods, seasonally and working day adjusted figures are used.


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





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