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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 09:39

Transport sector's contribution to Lithuania's GDP grew by 6.3% in 2014

BC, Vilnius, 15.04.2015.Print version
The Ministry of Transport and Communications estimates that in 2014 transport sector accounted for 13.1% of Lithuania's gross domestic product (GDP), informs LETA/ELTA.

The ministry reported that transport sector's contribution to Lithuania's GDP grew by 6.3%. It generated by 5.7% more income, amounting to EUR 7.52 billion.

 

According to Rimantas Sinkevicius, the Minister of Transport and Communications, in 2014 Lithuania's transport sector maintained tendencies of growth and efficiency, in spite of sanctions imposed by Russia. The loss of transport services' export to Russia was compensated by the increase of export to other countries. Meanwhile indicators of railway and sea transport were positively affected by the increase of carried fertilisers and container handling.

 

In 2014, the volume of export of transport services increased by 8.87% and reached EUR 3.589 billion. Export to Russia fell by 5.7% (EUR 63.29 million) due to sanctions imposed on certain goods. However, export of transport services to other countries soared by as much as 16.5% (EUR 346.8 million).

 

In 2014 transport of goods by land transport grew by 3.5%: 2% by railway (up to 49 million tonnes), 10% by road transport (up to 57.6 million tonnes). Cargo handling in Klaipeda State Seaport grew by 9%, to 36.41 million tonnes.

 

Lithuania's international airports serviced 3.8 million passengers in 2014, an increase of 9%. The number of flights and passengers grew the most in Vilnius International Airport, by 13.7 and 10.6% respectively. In this regard, Vilnius International Airport surpassed Riga (Latvia) and Tallinn (Estonia) airports.






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