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GDP in Lithuania grew by 0.6% in Q2

Inga Daunaravičienė, Statistics Lithuania, 01.09.2017.Print version
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in II quarter 2017, country’s gross domestic product (GDP) at current prices amounted to EUR 10.3 billion. Compared to I quarter 2017, the real GDP change, seasonally and calendar adjusted, stood at 0.6% (unadjusted – at 7.7%).

Compared to the same quarter of 2016, the real GDP changes, both seasonally and calendar adjusted and unadjusted, stood at 4.0%.




As for GDP estimated by production approach, in II quarter 2017, against the previous period, seasonally and calendar adjusted, the largest positive impact on the change was made by an increase in the value added generated by the enterprises engaged in the following activities: wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service, professional, scientific and technical, administrative and support service activities. A negative impact was made by a decrease in the value added generated by manufacturing and financial and insurance enterprises.


As for GDP estimated by expenditure approach, in II quarter 2017, against the previous quarter, seasonally and calendar adjusted, final household consumption expenditure and general government expenditure remained almost unchanged. Gross fixed capital formation, on the decrease in I quarter 2017 (minus 1.1%), increased by 3.5%. Exports of goods and services increased by 3.2, imports – by 1.0%.


In the first half-year of 2017, GDP amounted to EUR 19.5 billion at current prices. Against the respective period of 2016, the real GDP change, seasonally and calendar adjusted, stood at 4.0% (unadjusted – at 4.1%).


Table 1. GDP and its changes

 

GDP at current prices, EUR million

Real 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

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

10 323.1

0.6

4.0

7.7

4.0

 

Table 2. Real changes in gross value added, seasonally and calendar adjusted, by group of economic activity1, 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

3.9

5.4

2.7

2.3

6.7

0.9

7.3

I

–3.0

0.5

0.7

0.6

–0.9

2.8

3.3

2.0

2.8

0.2

2.5

II

–1.7

–0.5

–0.3

10.1

0.6

1.5

3.8

–1.3

2.5

0.4

2.2

III

–1.7

0.7

0.9

3.6

1.3

–0.1

1.8

–0.2

–1.9

0.3

1.1

IV

1.3

1.0

2.0

4.0

1.9

1.8

–0.5

1.1

3.7

–0.1

1.7

2014

3.5

3.7

4.4

13.6

3.0

2.4

–0.5

1.6

3.8

0.5

3.7

I

3.0

2.4

2.3

4.4

0.8

0.3

–3.0

–0.4

–0.1

0.1

0.6

II

0.2

0.2

0.1

–0.4

0.5

–0.3

3.0

1.8

1.3

0.2

0.6

III

–0.4

–0.3

–0.6

2.4

0.0

0.7

–3.7

0.4

0.3

0.0

0.3

IV

3.7

1.2

1.6

2.8

–1.3

1.2

3.2

0.0

1.5

0.3

0.3

2015

2.6

1.7

2.8

–0.7

1.9

5.3

2.8

1.8

5.2

0.8

0.0

I

0.8

0.4

1.5

1.9

1.3

1.3

–0.6

0.3

2.5

0.2

–0.7

II

–1.0

0.1

–0.3

–2.8

1.2

1.6

0.1

0.2

0.9

0.1

–0.1

III

4.2

–0.6

0.1

–3.9

0.3

2.4

3.3

1.7

0.5

0.4

0.6

IV

–7.9

2.5

2.2

–6.4

1.6

1.4

1.7

–0.8

0.7

0.3

–0.3

2016*

–5.6

2.8

2.9

–8.1

4.5

4.5

4.2

2.0

3.3

1.6

1.3

I*

0.3

–0.3

–0.3

–1.4

0.5

0.2

0.2

1.5

–0.5

0.4

0.9

II*

0.9

1.2

1.4

–1.3

1.2

0.5

1.2

–0.8

0.5

0.4

0.3

III*

–3.3

1.0

0.9

0.8

2.2

0.7

–3.8

3.3

4.1

0.3

0.5

IV*

–2.3

–0.1

0.3

5.2

1.3

3.5

8.5

–3.6

1.4

0.9

–0.3

2017

 

 

 

 

 

 

 

 

 

 

 

I*

–0.8

3.4

3.7

0.0

0.3

–1.4

–1.9

0.0

–0.8

0.0

0.1

II

–0.5

0.5

–0.2

0.5

1.4

4.1

–2.7

1.6

2.4

0.3

–0.2

 

Table 3. Real 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

5.2

0.7

7.6

9.6

10.7

I

1.8

1.2

0.2

3.8

2.6

3.8

II

0.3

2.0

0.2

4.7

0.1

-2.8

III

1.1

1.3

0.3

2.8

1.3

3.6

IV

0.9

1.3

-0.2

1.0

1.0

2.7

2014

3.4

3.4

0.3

3.3

3.5

3.1

I

1.4

0.1

0.1

0.2

0.4

-3.3

II

0.4

0.5

0.2

-0.3

2.0

2.4

III

0.1

1.0

0.0

0.1

0.5

3.0

IV

1.4

0.6

0.5

0.2

-0.2

0.7

2015

3.5

4.9

0.9

5.1

-0.4

6.3

I

1.4

2.4

0.1

4.9

-1.8

3.0

II

0.3

0.6

0.3

1.6

1.0

2.0

III

1.1

0.7

0.3

-0.6

0.0

-0.9

IV

0.4

1.9

0.1

-3.4

0.5

-1.6

2016*

4.1

4.8

1.4

0.1

3.4

2.4

I*

0.7

0.7

0.5

1.4

2.0

0.4

II*

2.1

1.8

0.3

1.1

0.1

3.9

III*

1.2

1.3

0.3

-1.2

0.9

-0.8

IV*

1.0

0.4

0.9

4.1

1.3

2.4

2017

 

 

 

 

 

 

I*

1.2

2.2

0.4

-1.1

3.7

7.6

II

0.1

0.0

0.1

3.5

3.2

1.0


 Second estimate.  * Provision data.   Non-final data.
_______________________
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.


The 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.


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






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