Real GDP at Constant National Prices for Lithuania
RGDPNALTA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,056.62
Year-over-Year Change
24.05%
Date Range
1/1/1990 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Lithuania is a key indicator of the country's economic growth and performance. It measures the inflation-adjusted value of all goods and services produced within Lithuania's borders.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents the total value of final goods and services produced in Lithuania, adjusted for inflation. It is a widely used metric to assess the overall health and growth trajectory of the Lithuanian economy.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
Real GDP is a crucial indicator referenced by policymakers, economists, and market analysts to inform economic policy and investment decisions.
Key Facts
- Lithuania's real GDP grew by 5.0% in 2021.
- The service sector accounts for over 65% of Lithuania's real GDP.
- Real GDP per capita in Lithuania reached $20,000 in 2020.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Lithuania measures the total value of all final goods and services produced within the country's borders, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Lithuania's overall economic performance and growth, providing insights that are crucial for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Real GDP is a crucial indicator referenced by policymakers to inform economic policy decisions and monitor the health of the Lithuanian economy.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Share of Labour Compensation in GDP at Current National Prices for Sweden
LABSHPSEA156NRUG
Total Factor Productivity at Constant National Prices for the Plurinational State of Bolivia
RTFPNABOA632NRUG
Total Factor Productivity at Constant National Prices for Denmark
RTFPNADKA632NRUG
Share of Labour Compensation in GDP at Current National Prices for Jordan
LABSHPJOA156NRUG
Total Factor Productivity at Constant National Prices for Belgium
RTFPNABEA632NRUG
Real GDP at Constant National Prices for Philippines
RGDPNAPHA666NRUG
Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Lithuania (RGDPNALTA666NRUG), retrieved from FRED.