IN 2010 LITHUANIA'S GDP GREW BY 1.3 PERCENT
Updated 2011-02-09
Statistics Lithuania informs that GDP estimate based on available statistical data and econometric models in 2010 amounted to LTL 93 939 million at current prices and compared to 2009 grew by 1.3 percent (the changes have been estimated using a chain-linked volume of the added value). In 2010 a growth in the gross value added was observed in industry and energy (by 5.7 percent) and trade, transport and communication (by 3.1 percent).
The largest decrease in the gross value added was observed in construction (by 8.6 percent) and agriculture, forestry and fishing (by 3.1 percent). A smaller decrease in the gross value added was observed in public administration and defence, education, health care and social work (1.9 percent).In IV quarter 2010 GDP amounted to LTL 24 538 million at current prices and, compared to IV quarter 2009, grew by 4.6 percent. Such a rapid growth in the added value was conditioned by particularly good results for industry; it was also, to a considerable extent, influenced by a growth in the added value of transport and storage.
In 2010 GDP per capita amounted to LTL 28 581 at current prices, in IV quarter 2010 – LTL 7466.
Seasonally and working day adjusted, GDP was growing throughout all four quarters of 2010 – on average, by 1.1 percent per quarter. In IV quarter 2010, compared to III quarter of the same year, GDP grew by 1.7 percent (see the table below).
REVISED GROSS DOMESTIC PRODUCT FOR III QUARTER 2010
Statistics Lithuania, based on more detailed data for the quarter and having estimated the added value based on a more comprehensive list of economic activities, has revised the second GDP estimate for III quarter 2010. Based on the revised data in III quarter 2010 GDP amounted to LTL 25 121 million at current prices and, compared to the same quarter of 2009, grew by 1.2 percent (the previously published second GDP estimate amounted to LTL 25 027 million, its change – 1.1 percent.)
