Lithuania’s GDP Grew 1.7% in the Second Quarter
Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.
At a glance
News
Official statement
Context piece
- Lithuania’s GDP reached 22.8 billion euros at current prices in the April-June quarter.
- Real GDP rose 3.8% year on year after seasonal and working-day adjustment, while the unadjusted annual increase was 4.1%.
- Manufacturing, construction, retail and wholesale trade, and transport and storage made the largest positive contributions.
Lithuania’s economy grew 1.7% in the second quarter from the first, according to the State Data Agency. The increase excludes the effects of seasonal and working-day variations.
GDP at current prices reached 22.8 billion euros in April-June. Compared with the same quarter a year earlier, real GDP increased 3.8% after adjustment for seasonal and working-day effects. Without that adjustment, annual growth stood at 4.1%.
Manufacturing, construction, retail and wholesale trade, and transport and storage companies provided the largest positive contributions to the quarterly result.
Household final consumption expenditure rose 1.8% from the first quarter, while gross fixed capital formation increased 8.4%. Government final consumption expenditure fell 0.4%. Exports of goods and services grew 2.4% during the quarter, and imports rose 1.5%.
About this summary
Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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