Analytics, Economics, GDP, Lithuania, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 18.10.2018, 08:26

In Q3, GDP in Lithuania amounted to EUR 11.2 bln

Inga Daunaravičienė, Statistics Lithuania, 01.12.2017.Print version
Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in III quarter 2017, gross domestic product (GDP) at current prices amounted to EUR 11.2 billion. Compared to II quarter 2017, seasonally and calendar adjusted, the real GDP change stood at 0.1% (unadjusted – 9.3%).

Compared to the same quarter of 2016, it stood at 3.4% (unadjusted – 3.1%).


As for GDP estimated by production approach, in III quarter 2017, against the previous period, seasonally and calendar adjusted, the largest positive influence on the change was made by an increase in the value added generated by the enterprises engaged in wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service activities, manufacturing, while negative influence was made by a decrease in the value added generated by the enterprises engaged in financial and insurance activities, agriculture, forestry and fishing.




As for GDP estimated by expenditure approach, in III quarter 2017, compared to the previous quarter, seasonally and calendar adjusted, final household consumption expenditure decreased by 1.9, general government expenditure – increased by 0.2%. Gross fixed capital formation increased by 2.1, exports of goods and services – 2.5, imports – 0.7%.


In the first three quarters of 2017, GDP amounted to EUR 30.9 billion at current prices. Against the respective period of 2016, the real GDP change, seasonally and calendar adjusted, stood at 3.9% (unadjusted – 3.8%).


Table 1. Gross domestic product and its changes

 

At current prices, EUR million

GDP changes,%

seasonally and calendar adjusted

against the previous period

against the respective period of the previous year

against the previous period

against the respective period of the previous year

2013

34 959.6

3.5

3.5

3.5

3.5

I

7 698.8

0.2

3.4

–9.5

3.4

II

8 763.0

0.9

4.2

8.6

4.0

III

9 513.5

1.4

3.0

10.8

3.1

IV

8 984.4

0.9

3.4

–4.9

3.5

2014

36 568.3

3.6

3.6

3.5

3.5

I

8 186.4

1.2

4.5

-8.7

4.5

II

9 206.2

0.7

4.2

8.4

4.2

III

9 895.7

0.3

3.1

9.6

3.1

IV

9 279.9

0.2

2.4

–5.5

2.4

2015◘

37 426.6

2.0

2.0

2.0

2.0

I

8 234.3

0.4

1.6

–9.4

1.6

II

9 381.9

0.9

1.9

8.5

1.7

III

10 146.9

0.7

2.3

10.1

2.2

IV

9 663.6

0.2

2.3

–5.2

2.5

2016*

38 668.3

2.3

2.3

2.3

2.3

I*

8 531.8

0.2

2.1

–9.6

2.3

II*

9 639.3

0.7

1.9

7.8

1.7

III*

10 382.4

0.8

1.9

10.3

1.8

IV*

10 114.8

1.6

3.3

–3.6

3.6

2017♦

 

 

 

 

 

I*

9 277.7

1.1

4.2

–9.1

4.1

II*

10 416.7

0.6

4.1

7.8

4.1

III♦

11 207.3

0.1

3.4

9.3

3.1


Table 2. Changes in gross value added, seasonally and calendar adjusted, by group of economic activity (1), compared to the previous period ,%

 

A

B + C + D + E

C

F

G + H + I

J

K

L

M + N

O + P + Q

R + S + T

2013

–2.7

3.6

5.2

9.4

4.2

5.6

2.5

2.3

5.8

0.9

7.3

I

–3.0

0.5

0.7

0.6

–1.1

3.7

3.6

2.0

2.3

0.2

2.5

II

–1.7

–0.5

–0.3

10.1

0.8

0.8

3.3

–1.3

2.1

0.4

2.2

III

–1.7

0.7

0.9

3.6

1.8

0.2

2.0

–0.2

–1.8

0.3

1.1

IV

1.3

1.0

2.0

4.0

1.4

1.4

–0.6

1.1

3.4

0.0

1.7

2014

3.5

3.7

4.4

13.5

3.1

2.6

–0.5

2.4

3.9

0.6

3.7

I

3.0

2.4

2.3

4.9

0.8

1.4

–2.4

0.6

0.5

0.2

0.0

II

0.2

0.2

0.1

–0.7

0.8

–1.3

2.1

1.6

0.7

0.2

0.8

III

–0.4

–0.3

–0.6

0.4

0.1

1.1

–3.5

0.4

0.5

0.0

0.7

IV

3.7

1.2

1.6

5.2

–2.3

0.8

3.0

–0.1

1.7

0.2

1.1

2015◘

5.1

1.8

3.0

–1.0

1.8

6.3

3.1

2.6

6.6

0.4

3.2

I

2.8

0.3

1.3

4.6

1.1

2.7

1.4

1.0

3.4

0.0

0.8

II

–0.4

0.5

0.3

–6.6

1.6

0.8

–0.5

0.3

0.8

0.1

0.6

III

4.5

–0.8

0.0

–7.1

0.6

3.3

3.2

1.8

0.9

0.2

1.1

IV

–8.5

3.1

2.3

–2.9

2.3

1.2

–1.7

–0.4

1.0

0.2

–0.1

2016*

–5.8

2.5

2.6

–7.9

4.7

6.1

3.6

1.8

5.4

1.5

0.7

I*

–0.7

–1.1

–1.3

3.1

–0.8

1.4

0.5

0.7

0.8

0.5

0.3

II*

0.9

1.0

1.5

–6.7

1.1

0.8

4.3

–0.6

0.9

0.5

–0.2

III*

–4.0

1.4

1.8

–2.1

3.6

0.7

–3.1

3.1

3.9

0.5

0.0

IV*

3.1

0.6

0.6

11.5

1.7

3.7

5.5

–3.0

1.7

0.5

0.0

2017♦

 

 

 

 

 

 

 

 

 

 

 

I*

–6.3

2.9

3.0

2.5

–1.4

–1.7

–3.0

–0.6

–0.9

0.3

0.2

II*

–0.4

0.1

–0.3

–4.6

1.4

4.1

–0.1

1.7

2.3

0.4

0.2

III♦

–0.6

0.6

0.9

1.4

2.4

0.9

–2.3

1.6

1.7

0.4

0.2

 


Table 3. Changes in the main GDP components estimated by expenditure approach, seasonally and calendar adjusted

Compared to the previous period, %

 

Final consumption expenditure

Gross fixed capital formation

Exports of goods and services

Imports of goods and services

total

household

general government

2013

4.1

5.1

0.7

8.1

9.8

11.1

I

1.8

1.8

0.2

4.1

2.7

2.5

II

0.3

1.4

0.1

3.1

0.1

–4.9

III

1.0

1.5

0.3

5.8

1.3

5.4

IV

0.8

1.9

–0.2

0.0

1.1

3.4

2014

3.1

3.0

0.3

5.5

3.3

2.8

I

1.3

–0.3

0.2

1.5

0.1

–5.5

II

0.4

0.2

0.1

–0.3

2.1

4.3

III

0.0

0.8

0.0

0.4

0.4

1.5

IV

1.2

1.1

0.3

1.4

–0.5

2.9

2015◘

3.2

4.8

0.1

5.1

–0.4

6.5

I

1.3

2.6

–0.3

5.2

–1.3

0.4

II

0.4

0.3

0.2

1.4

0.5

4.4

III

1.0

0.2

0.0

–2.4

0.1

–3.2

IV

0.3

1.9

–0.1

–4.5

0.7

1.5

2016*

3.7

4.3

1.3

–0.1

3.4

2.2

I*

0.4

–0.2

0.6

3.1

0.9

–2.1

II*

2.0

2.5

0.3

1.4

0.3

4.7

III*

1.3

1.7

0.6

–2.8

2.0

–1.4

IV*

1.1

0.3

0.6

6.6

2.5

3.9

2017♦

 

 

 

 

 

 

I*

1.1

1.4

0.3

–1.6

3.9

6.6

II*

0.6

1.2

0.4

2.0

2.3

2.8

III♦

–0.3

–1.9

0.2

2.1

2.5

0.7

¨ Second estimate.    * Provision data.    ◘ Non-final data.
______________________________
1 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.


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.


A news release on the first GDP estimate for IV quarter 2017 is due on 30 January 2018.


For more information, see the Predefined Tables (information is provided seasonally and calendar unadjusted) and Database of Indicators.




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