Strong growth continues: GDP up by 3.9% in Q2

The Lithuanian government and the businesses can relax for now and enjoy their summer vacation – the Lithuanian economy continues growing at an accelerated pace . The Lithuanian GDP increased by 3.9% in Q2 of this year, compared to the same period a year ago. Meanwhile, in quarterly terms, the seasonally adjusted GDP increased by 0.6%. The annual growth for Q1 was revised up by 0.2 pp to 4.1%, Swedbank announced.

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Rapid export growth supported by strong foreign demand has been the surprise story of this year. The nominal exports of goods and services continued growing by double digits (in annual terms) in May-June and were supportive of economic growth. Investment goods as well as intermediate consumption goods contributed most to nominal growth of goods

Strong growth continues: GDP up by 3.9% in Q2

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Strong growth continues: GDP up by 3.9% in Q2

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