Statistics (pre-defined tables) » Economy and finance (macroeconomics) » GDP, efficiency, employment
First GDP estimate
2009 07 28
PRESS RELEASE
Gross domestic product, first estimate and revised data of the previous period
In II quarter 2009 gross domestic product decreased by 22.4 per cent
Statistics Lithuania informs that gross domestic product (GDP), estimated on the basis of available statistical data and econometric models, in II quarter 2009 made LTL 22533.9 million at current prices and, against II quarter 2008, dropped by 22.4 per cent, against I quarter 2009 – 1.1 per cent (the changes have been estimated using a chain-linked volume of the value added).
In II quarter 2009, the decrease of the value added was determined by the decrease in production and consumption. A positive change was observed only for the non-market service sector, which has no significant influence on the general volume of the value added.
In I half of 2009, GDP made LTL 43416 million, which is by 18.1 per cent less than a year ago. In I–II quarters of 2009, the largest decrease of the value added was observed in construction, industry and production services.
In II quarter 2009, per capita GDP at current prices made LTL 6740, i.e. by 22.1 per cent less than in II quarter 2008 (in real terms).
In II quarter 2009, against II quarter 2008, seasonally and working day adjusted, GDP decreased by 22.6 per cent, while against I quarter 2009 – by 12.3 per cent.
REVISED I QUARTER 2009 GROSS DOMESTIC PRODUCT DECREASED BY 13.3 PER CENT
Statistics Lithuania, based on more detailed quarterly data and having estimated the value added by a more detailed list of economic activities, revised the second GDP estimate for I quarter 2009. According to the revised data, GDP in I quarter 2009 at current prices made LTL 20882.1 million and, as compared with I quarter 2008, decreased by 13.3 per cent. The previously released second GDP estimate equalled LTL 20652.5 million, and its drop rate made up 13.6 per cent.
Changes in GDP
|
|
At current prices |
Chain-linked volume |
Change, seasonally and working day adjusted, % | ||||
|
LTL million |
EUR million |
LTL million |
Changes, % | ||||
|
As compared to the previous period |
As compared to the corresponding period of the previous year |
As compared to the previous period |
As compared to the corresponding period of the previous year | ||||
|
2006 |
82792.8 |
23978.5 |
71779.9 |
7.8 |
7.8 |
7.8 |
7.8 |
|
I |
17335.3 |
5020.6 |
15969.6 |
-9.9 |
8.0 |
1.9 |
8.6 |
|
II |
20250.7 |
5865.0 |
17625.9 |
10.4 |
8.7 |
1.7 |
8.3 |
|
III |
22205.9 |
6431.3 |
19124.8 |
8.5 |
7.3 |
1.3 |
6.9 |
|
IV |
23000.9 |
6661.5 |
19059.6 |
-0.3 |
7.5 |
2.5 |
7.7 |
|
2007◘ |
98138.7 |
28422.9 |
78186.0 |
8.9 |
8.9 |
8.9 |
8.9 |
|
I |
20222.9 |
5857.0 |
17084.5 |
-10.4 |
7.0 |
2.2 |
8.0 |
|
II |
24384.8 |
7062.3 |
19214.6 |
12.5 |
9.0 |
2.5 |
8.8 |
|
III |
26195.1 |
7586.6 |
21141.5 |
10.0 |
10.5 |
2.3 |
9.8 |
|
IV |
27335.9 |
7917.0 |
20745.4 |
-1.9 |
8.8 |
2.0 |
9.2 |
|
2008* |
111498.7 |
32292.2 |
80544.6 |
3.0 |
3.0 |
3.0 |
3.0 |
|
I |
24461.0 |
7084.4 |
18287.9 |
-11.8 |
7.0 |
0.2 |
7.0 |
|
II |
28604.2 |
8284.4 |
20211.7 |
10.5 |
5.2 |
0.2 |
4.6 |
|
III |
29854.6 |
8646.5 |
21765.0 |
7.7 |
2.9 |
-0.3 |
2.0 |
|
IV |
28578.8 |
8277.0 |
20279.9 |
-6.8 |
-2.2 |
-1.4 |
-1.3 |
|
2009* |
|
|
|
|
|
|
|
|
I |
20882.1 |
6047.9 |
15846.8 |
-21.9 |
-13.3 |
-10.2 |
-11.6 |
* Provisional data. ◘ Non-final data.
In I quarter 2009, the value added decreased in the enterprises of all kinds of business activity. In January–March, the most noticeable decrease of the valued added was observed in construction (38.0 per cent), mining and quarrying (29.4 per cent), wholesale and retail trade (24.3 per cent), hotels and restaurants (21.4 per cent), manufacturing (15.6 per cent), transport, storage and communication (12.0 per cent) enterprises. A slower decrease of the value added was observed in real estate, rent and other business services (8.7 per cent), other community, social and personal service activities (6.6 per cent), financial intermediation (4.5 per cent), activities of private households (4.4 per cent), electricity, gas and water supply (3.2 per cent) and agriculture (1.4 per cent).
The increase of the value added was observed only in fishery and non-market service enterprises. The value added of fishery increased by 1.3 per cent. In the group of non-market service activities, a decrease of the value added was observed for education (3.5 per cent), health care and social work services (2.1 per cent), public administration and defence (1.2 per cent).
Change in the gross value added by kind of economic activity as compared to the
corresponding period of the previous year
Per cent
|
|
Agriculture. hunting and forestry, fishing |
Industry 1 |
Construction |
Wholesale and retail trade |
Financial, real estate, renting and business activities |
Other service activities |
Gross value added |
|
2006 |
-10.0 |
7.8 |
21.0 |
8.2 |
12.6 |
2.7 |
7.8 |
|
I |
-5.6 |
11.0 |
21.0 |
8.0 |
10.3 |
1.4 |
8.0 |
|
II |
-4.8 |
11.3 |
18.9 |
8.3 |
13.2 |
1.3 |
8.7 |
|
III |
-16.6 |
7.6 |
18.3 |
8.5 |
13.6 |
3.5 |
7.3 |
|
IV |
-3.6 |
2.3 |
25.3 |
7.8 |
13.3 |
4.3 |
7.5 |
|
2007◘ |
13.2 |
6.4 |
21.2 |
11.8 |
5.9 |
2.6 |
8.9 |
|
I |
8.1 |
0.9 |
28.3 |
11.9 |
4.5 |
3.9 |
7.0 |
|
II |
6.5 |
7.3 |
27.2 |
11.2 |
3.9 |
3.5 |
9.0 |
|
III |
20.2 |
10.7 |
21.6 |
11.8 |
6.6 |
-0.8 |
10.5 |
|
IV |
10.8 |
6.5 |
12.6 |
12.2 |
8.4 |
4.0 |
8.8 |
|
2008* |
1.5 |
1.6 |
1.2 |
4.1 |
4.4 |
3.2 |
3.0 |
|
I |
-0.2 |
6.2 |
12.6 |
9.3 |
9.4 |
2.2 |
7.0 |
|
II |
1.4 |
5.7 |
5.6 |
6.0 |
5.6 |
3.3 |
5.2 |
|
III |
4.6 |
1.4 |
2.8 |
3.5 |
1.8 |
4.2 |
2.9 |
|
IV |
-4.8 |
-6.0 |
-10.6 |
-1.5 |
1.9 |
3.0 |
-2.2 |
|
2009* |
|
|
|
|
|
|
|
|
I |
-1.4 |
-13.6 |
-38.0 |
-19.0 |
-7.7 |
0.9 |
-13.3 |
1 Mining and quarrying, manufacturing, electricity, gas and water supply.
When analyzing the GDP change by expenditure approach, a negative impact was made by an 11.6 per cent decrease of final consumption expenditure in I quarter 2009. This negative result was mostly influenced by a decrease of final consumption expenditure of households (15.7 per cent) and non-profit institutions serving households (13.0 per cent). The general government consumption expenditure increased by 2.3 per cent due to a 3.2 per cent increase in expenditure on individual public needs.
However, the strongest negative impact on the GDP expenditure change was made by the decline in the volume of gross fixed capital formation which had been observed for four quarters in a row. In January–March 2009, expenditure on gross fixed capital formation decreased by 37.6 per cent due to a decrease in investment of all kinds.
A noticeable decrease in consumption and the volume of capital formation induced a strong decrease in imports of goods and services (33.5 per cent). Exports of goods and services decreased by 12.7 per cent.
Change in GDP by expenditure components as compared to the corresponding period
of the previous year
Per cent
|
|
Final consumption expenditure |
Households consumption expenditure |
Govern. consumption expenditure |
NPI s |
Gross capital formation |
Gross fixed capital formation |
Exports of goods and services |
Imports of goods and services (minus) |
Gross domestic product |
|
2006 |
9.1 |
10.6 |
3.7 |
24.0 |
9.4 |
19.4 |
12.0 |
13.7 |
7.8 |
|
I |
9.3 |
9.3 |
9.4 |
2.8 |
9.9 |
20.2 |
20.4 |
21.9 |
8.0 |
|
II |
7.5 |
9.3 |
1.1 |
19.2 |
-1.7 |
20.7 |
17.0 |
10.5 |
8.7 |
|
III |
11.4 |
13.9 |
2.7 |
37.7 |
8.3 |
15.1 |
10.0 |
16.4 |
7.3 |
|
IV |
8.0 |
9.6 |
2.4 |
34.3 |
20.8 |
21.9 |
2.7 |
8.0 |
7.5 |
|
2007◘ |
10.3 |
12.3 |
3.3 |
24.7 |
21.9 |
20.8 |
4.3 |
11.6 |
8.9 |
|
I |
15.1 |
18.6 |
3.8 |
34.5 |
9.3 |
30.7 |
2.5 |
13.1 |
7.0 |
|
II |
10.5 |
12.3 |
4.4 |
26.3 |
48.8 |
26.4 |
2.7 |
17.9 |
9.0 |
|
III |
5.9 |
7.2 |
1.7 |
19.5 |
23.1 |
20.1 |
11.5 |
11.4 |
10.5 |
|
IV |
10.4 |
12.5 |
3.4 |
21.7 |
9.7 |
10.9 |
0.6 |
4.6 |
8.8 |
|
2008** |
4.6 |
4.7 |
4.3 |
-5.9 |
-0.5 |
-6.1 |
11.3 |
10.0 |
3.0 |
|
I |
9.5 |
11.1 |
4.0 |
8.4 |
24.3 |
1.6 |
9.8 |
18.5 |
7.0 |
|
II |
6.9 |
7.3 |
5.4 |
-4.4 |
0.9 |
-2.3 |
13.7 |
12.1 |
5.2 |
|
III |
4.7 |
4.7 |
4.9 |
-10.1 |
0.6 |
-3.3 |
11.3 |
10.9 |
2.9 |
|
IV |
-1.6 |
-2.9 |
2.9 |
-13.8 |
-22.6 |
-17.9 |
10.2 |
-1.1 |
-2.2 |
|
2009* |
|
|
|
|
|
|
|
|
|
|
I |
-11.6 |
-15.7 |
2.3 |
-13.0 |
-75.0 |
-37.6 |
-12.7 |
-33.5 |
-13.3 |
Acting Director General Jonas Markelevičius
Contact: Bronislava Kaminskiene
Head, Methodology and Quality Division
Tel. (+370 5) 236 4614
E-mail bronislava.kaminskiene@stat.gov.lt
Irena Tvarijonaviciute
Head, National Accounts Division
Tel. (+370 5) 236 4837
E-mail irena.tvarijonaviciute@stat.gov.lt
© Department of Statistics to the Government of the Republic of Lithuania (Statistics Lithuania)
Reproduction and quoting are authorized provided the source is acknowledged.
For more information on this issue. please see the website of Statistics Lithuania.
Document updated: 2009 07 28