GDP of Lithuania dropped by 14.2% in Q3

Statistics Lithuania, based on the latest available information for September and more comprehensive business and price statistics, has estimated GDP components for III quarter 2009 by production, expenditure and income approaches and revised the first GDP estimate. According to the revised data, in III quarter 2009, GDP at current prices amounted to LTL 23 954 million and, against the respective period in 2008, dropped by 14.2%, while against II quarter 2009 it grew by 13.1% (the changes have been estimated using a chain-linked volumes). (The previously published first GDP estimate for III quarter 2009 amounted to LTL 23 713 million and, against July–September 2008, dropped by 14.3%, while against the previous period in 2009 it grew by 13%). Over the nine months of 2009, GDP amounted to LTL 68.71 billion, which is by 15.7% less than a year ago.... Read more...