Lithuania economy grows 3.7% in Q3

Figures

Onchira Wongsiri/Shutterstock

Lithuanian economy grew 3.7% on quarter in the three months to September, after an upwardly revised 5.9% contraction in the previous period, the preliminary estimate by Statistics Lithuania (LS) showed on Friday.

Onchira Wongsiri/Shutterstock.com

Positive contributions came from wholesale and retail trade, industry and construction. On a yearly basis, Lithuaniaʼs gross domestic product (GDP) shrank by 0.1% in the third quarter, the second straight quarter of contraction, after an upwardly revised 4.6% contraction in the second quarter 2020. 

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