Utility menu
Secondary navigation


The Lithuanian Economy - March 9, 2012

09-03-2012 16:06

Growth surprises this year, but we are not out of the woods yet

  • Annual GDP growth in Lithuania decreased from 6.7% in the third quarter of 2011 to 4.4% in the last quarter. Consumption and investments were and are expected to remain the most important drivers of growth.
  • In January 2012, compared with the same period a year ago, not only did retail trade increase its rate of growth to 16.4%, but manufacturing production, except for refined petroleum products, also bounced back to annual growth of 10.7%. More importantly, in January annual export growth accelerated to 13.3%, up from 11.2% in December.
  • Continued recovery of the labour market, lower inflation and increasing real purchasing power will contribute to consumption growth this year. However, there is a risk that inflation this year will be higher than currently anticipated.


We welcome and value your comments. You can comment using an alias or using your Facebook, Twitter or OpenID logins. Comments will be moderated and if they include foul language, improper links or marketing messages they will be removed. Please see the code of conduct in terms of use if in doubt.

blog comments powered by Disqus