In the fourth quarter alone, the country’s GDP grew by 4.1 percent, year-on-year, but declined 4.1 percent from the third quarter of 2012, to 29.409 billion litas, according to the second GDP estimate based on the assessment of GDP components by production, expenditure and income approaches.
The first estimate of GDP in 2012 showed an annual growth rate of 3.6 percent. The year-on-year and quarter-on-quarter growth rates for the fourth quarter were 4 percent and minus 4.3 percent, respectively.
According to the revised data, the strongest year-on-year growth in added value in the fourth quarter was recorded in industry (8.2 pct, and of 10.7 pct in manufacturing alone), trade, accommodation and catering, transport and warehousing (7.1 pct), information and communication (5.6 pct), agriculture, forestry and fishery (5 pct), and property operations (4.8 pct).
Added value in other sectors grew at slower rates than the entire economy in the fourth quarter. In the construction sector alone, added value contracted by 12.2 percent compared with the final quarter of 2011.
