On changes of Gross Domestic Product in the 2nd quarter of 2008

08.09.2008

Compared to the corresponding period of previous year, gross domestic product (GDP) in 1st half of 2008 has increased by 1.6%, according to the Central Statistical Bureau.

Compared to 2nd quarter of 2007, in the 2nd quarter of 2008 GDP has increased by 0.1%.

PRODUCTION ASPECT

Changes in the key sectors in the 2nd quarter of 2008(at constant prices, % of the corresponding quarter of the previous year)

Retail trade

Transport and communications

Manufacturing

Construction

The increase in GDP was due to the rises in the following sectors: transport and communications (share in GDP structure – 11.2%) – by 2.0%, construction (9.0%) – by 5.7%. But in manufacturing (12.8%), trade (17.0%) and agriculture and forestry (3.0%) there was a decrease of 4.6%, 5.9% and 0.5%, respectively.

Changes of GDP in the 2nd quarter of 2008 by kind of economic activity
(at constant prices, % of the corresponding quarter of the previous year)

A Agriculture, hunting and forestry;
B Fishery;
C Mining and quarrying;
D Manufacturing;
E Electricity, gas and water supply;
F Construction;
G Trade;
H Hotels and restaurants;
I Transport and communications;
J Finances;
K Business services;
L Public administration and defence; compulsory social security;
M Education;
N Health and social work;
O Other community, social and personal service activities

EXPENDITURE APPROACH

Increase of gross domestic product by major expenditure items

at current prices, % of the corresponding quarter of the previous year

at constant prices, % of the corresponding quarter of the previous year

Compared to the 2nd quarter of 2007 (at current prices), in the 2nd quarter of 2008 main groups of private final consumption were: food (share in the structure of private final consumption – 26%), an increase of 16.5%, house maintenance (12%) constituting a growth of 42.2%, as well as, recreational and culture activities (8.7%), where growth comprised 13.7%. But consumption expenditure on clothing and footwear (14.3%) witnessed a decrease of 1.6%.

Decrease in private final consumption at constant prices was caused by price increase, but gross capital formation was influencedby decrease of non-financial investments by 7%. Total growth of export of goods and services was influenced by increase of goods export by 3.8% (constituting 63.2% of total export) and rise of services exports by 0.4%. Total volume of imports of goods and services has reduced, what may be explained with the decrease of imports of goods by 10.7% (constituting 79.8% of total imports), nevertheless, the imports of services has grown by 3.3%.

GROWTH OF GROSS DOMESTIC PRODUCT IN THE BALTIC COUNTRIES
(at constant prices, % of the corresponding period of the previous year)

Lithuania on the 2nd quarter of 2008 - secondary estimate.

Prepared by National Accounts Section
Tel. 67366671
Alla Vanaga