Lithuania's GDP inches up

  • 1999-01-14
VILNIUS (BNS) - Construction, trade and communications sectors had the biggest impact on Lithuania's gross domestic product growth over the first nine months of 1998, the country's Department of Statistics reported. The sectors grew by 21.9 percent, 14.5 percent and 4.9 percent respectively, it said in its publication "Quarterly National Accounts, III Quarter."

Real estate and other business production increased 15 percent in January to September. The extracting and processing industrial production rose in volume by 40.4 percent and 5.2 percent respectively during that period, but their sales slowed down due to the Russian crisis and other factors.

Lithuania's GDP grew 5.7 percent over the nine months and amounted to 31.66 billion litas ($ 7.91 billion). The par value of ultimate consumption expenditure went up 15.6 percent to 26,588 litas, with individual consumption expenditure alone soaring by 16.6 percent.

During the nine months, the value of exported goods and services increased 5.6 percent to 15.97 billion litas, while the value of imports soared 13.6 percent to 19.97 billion litas year-on-year.