Lithuania’s GDP grew by 3% in first half of 2012

Lithuania ’s gross domestic product (GDP) grew by 3 percent in the first half of 2012, year-on-year, to 53.351 billion litas at current prices, Statistics Department of Lithuania reported on 30 July. According to the Department, in the second quarter alone, the Lithuanian economy expanded by 2.1 percent, year-on-year, to 28.053 billion litas.

The GDP grew by an annual 3.9 percent in the first quarter of this year.

All groups of economic activities recorded positive changes in added value in the first half of this year, the office said without singling out any types of operations, the Department reported.

In the second quarter, the economy expanded by 8.5 percent from the previous quarter. Adjusted for seasonal and calendar effects, the quarterly increase came to meager 0.4 percent.