GDP for January-September 2020 contracted by a seasonally and calendar-adjusted 1.3% year-on-year, Statistics Lithuania said.
The preliminary estimate released in late October showed that the third-quarter GDP grew by a quarterly 3.7%. The annual rate of GDP contraction in the nine months was estimated at 1.4%.
The quarterly GDP growth was mostly driven by growth in wholesale and retail trade, and manufacturing.
Household final consumption expenditure increased by a quarterly 6.5%. Gross fixed capital formation (investment) grew by 8.2%. Exports of goods and services jumped by 1.4% and 16.7%, respectively.
