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GDP in Lithuania increased by 0.6% in Q2

Jūratė Petrauskienė, Statistics Lithuania, 31.07.2017.Print version
Statistics Lithuania informs that in II quarter 2017, country’s gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 10.3 billion at current prices.

Compared to I quarter 2017, the real GDP change, seasonally and calendar adjusted, stood at 0.6%. Compared to the same quarter of 2016, the real GDP change, seasonally and calendar adjusted, stood at 3.9% (unadjusted – 3.9%).


In II quarter 2017, the positive GDP change was mostly influenced by performance results of enterprises engaged in wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service.




In I half-year 2017, GDP amounted to EUR 19.6 billion at current prices. Against I half-year 2016, the real GDP change, seasonally and calendar adjusted, stood at 4% (unadjusted – 4%).


Statistics Lithuania, based on more detailed data and having estimated the value added by a more detailed list of economic activities, revised GDP estimate for I quarter 2017. In I quarter 2017, GDP stood at EUR 9.2 billion at current prices. According to the revised data, against IV quarter 2016, I quarter real GDP change, seasonally and calendar adjusted, stood at 1.3% (the previously published GDP change stood at 1.4%). Against the respective quarter of 2016, the real GDP change, seasonally and calendar adjusted, stood at 4% (the previously published GDP change stood at 4.1%).

 


Gross domestic product and its changes

 

At current prices, EUR million

GDP changes, price change adjusted, %

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

35 002.1

3.5

3.5

3.5

3.5

I

7 708.6

0.4

3.1

–9.5

3.4

II

8 774.5

0.8

4.2

8.6

4.0

III

9 524.7

1.3

3.2

10.8

3.1

IV

8 994.3

0.9

3.5

–4.9

3.6

2014

36 590.0

3.5

3.5

3.5

3.5

I

8 191.5

1.2

4.4

–8.7

4.4

II

9 213.1

0.6

4.1

8.4

4.2

III

9 899.5

0.4

3.1

9.6

3.1

IV

9 285.9

0.3

2.5

–5.6

2.4

2015◘

37 330.5

1.8

1.8

1.8

1.8

I

8 312.7

0.4

1.6

–9.4

1.6

II

9 367.1

0.5

1.6

8.3

1.6

III

9 999.5

0.7

1.9

9.9

1.8

IV

9 651.2

0.2

1.9

–5.4

2.1

2016*

38 637.4

2.2

2.2

2.3

2.3

I*

8 528.9

0.4

1.9

–9.2

2.3

II*

9 628.9

0.7

2.0

7.8

1.8

III*

10 370.4

0.5

1.8

9.7

1.6

IV*

10 109.2

1.5

3.1

–3.7

3.4

2017♦

 

 

 

 

 

I*

9 222.0

1.3

4.0

–8.5

4.1

II♦

10 339.4

0.6

3.9

7.5

3.9

¨ 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 calendar adjusted.


A more detailed II quarter 2017 GDP estimate will be published on 1 September 2017.


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

 






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