Compared to II quarter 2017, the real GDP change, seasonally and calendar adjusted, stood at 0.1%. Compared to the same quarter of 2016, the real GDP change, seasonally and calendar adjusted, stood at 3.4% (unadjusted – 3.1%).
In III quarter 2017, the positive GDP change was mostly influenced by performance results of enterprises engaged in wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and storage, accommodation and food service.
In the first three quarters of 2017, GDP amounted to EUR 30.9 billion at current prices. Compared to the first three quarters 2016, the real GDP change, seasonally and calendar adjusted, stood at 3.9% (unadjusted – 3.8%).
Statistics Lithuania, based on more detailed data and having estimated the value added by a more detailed list of economic activities, revised GDP estimate for II quarter 2017. In II quarter 2017, GDP stood at EUR 10.4 billion at current prices. According to the revised data, against I quarter 2017, I quarter real GDP change, seasonally and calendar adjusted, stood at 0.6% (the previously published GDP change stood at 0.6%). Compared to the respective quarter of 2016, the real GDP change, seasonally and calendar adjusted, stood at 4.1% (the previously published GDP change stood at 4.0%).
Real GDP changes have been estimated using a chain-linking method, which enables the elimination of the influence of price changes.
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.
A more detailed III quarter 2017 GDP estimate will be published on 1 December 2017.
