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Lithuania’s construction sector grows 22.7 percent

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BFL nuotr. / Lithuanian developers carried out construction work worth a total of 6.6 billion litas
Šaltinis: BNS
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Lithuanian developers carried out construction work worth a total of 6.6 billion litas (EUR 1.91 bn) last year, up 22.7 percent compared with a year before, Statistics Lithuania reported on Tuesday.

In the fourth quarter alone, developers carried out construction work worth 2.3 billion litas, up 2.6 percent versus the previous quarter.

The value of engineering structures construction work totaled 3.6 billion litas last year, accounting for 55 percent of the total value of works performed within the country.

The value of non-residential building construction amounted to 2.5 billion litas (38 pct of the total), the office said.

New construction work accounted for 42 percent of total construction work performed within the country last year, reconstruction work – for 32 percent, repairs and other construction work – for 26 percent of the total.

The total value of construction work performed within the country accounted for 96 percent of the total volume of construction work performed (LTL 2.2 b), and the value of construction work carried abroad accounted for 4 percent of the total (LTL 101 mln) in the final quarter of the year.

BNS
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