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2020 In the second quarter, the country’s gross domestic product (GDP) at current prices amounted to 11,500 million. euros Compared to 2020 In the first quarter, the real change in GDP, seasonally and business day adjusted, was negative at 5.1%.
Lithuania’s gross domestic product in the second quarter of this year, compared to the same period last year, fell 3.7 percent. and at that time it amounted to 11.5 billion. euros
Regarding the method of production, in 2020 In the second quarter, the change in GDP was negatively affected by wholesale and retail trade, transport and storage, accommodation and food services (–2.00%) , industry (–1.01%), professional, scientific and technical, administrative and service activities (–0, 95%) performance results of companies.
The decrease in GDP was mainly due to lower results in wholesale and retail trade, accommodation services, textiles, leather, oil and wood production, and housing construction. This was mainly influenced by the introduction of quarantine.
According to the Lithuanian Statistics Department, in the first quarter of this year, the country’s gross domestic product (GDP) at current prices amounted to 11.3 billion euros. Compared to 2019. In the fourth quarter, the real change in GDP, seasonally and business day adjusted, was -0.2%. lower.
Speaking about the third quarter of this year, the Lithuanian Director of Statistics, Jūratė Petrauskienė, did not dare to name the exact figures, but said that all indicators show that GDP should not decrease.
According to her, second-quarter results were also forecast to be much lower, but the early end of the quarantine and e-commerce led to higher GDP figures.
According to J. Petrauskienė, it can already be concluded that the economic crisis caused by the coronavirus was not as deep as in 2008-2009.
“Analyzing and comparing the crisis of 2009 and this year, we see that in 2009 the crisis was much greater, the GDP fell 12.7 percent. And now we see 5.1 percent. Compared to the first quarter,” he said.
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