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Gross domestic product (GDP) and main components (output, expenditure and income) - annual data (nama_10_gdp)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: State Data Agency (Statistics Lithuania)

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National accounts are a coherent and consistent set of macroeconomic indicators, which provide an overall picture of the economic situation and are widely used for economic analysis and forecasting, policy design and policy making.

Annual national accounts are compiled in accordance with the European System of Accounts - ESA 2010 as defined in Annex B of the Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013, amended by Council Regulation (EU) 2023/734 of 15 March 2023.

Gross domestic product (GDP) is one of the key aggregates in the European system of accounts (ESA). GDP is a measure of the total economic activity taking place on an economic territory which leads to output meeting the final demands of the economy.

There are three ways of measuring GDP at market prices:

  1. the production approach, as the sum of the values added by all activities which produce goods and services, plus taxes less subsidies on products;
  2. the expenditure approach, as the total of all final expenditures made in either consuming the final output of the economy, or in adding to wealth, plus exports less imports of goods and services;
  3. the income approach, as the total of all incomes earned in the process of producing goods and services plus taxes on production and imports less subsidies.

Data published in the following tables reflect these 3 approaches.

Breakdowns provided are based on the ESA Transmission Programme, which list all tables requested from the countries (including Lithuania).

The annual tables under this collection are the following:

  • nama_10_gdp              GDP and main components (output, expenditure and income)
  • nama_10_pc                Main GDP aggregates per capita
  • nama_10_a10              Gross value added and income components by A*10 industry
  • nama_10_a64              Gross value added and income components by A*64 industry
  • nama_10_exi               Exports and imports by counterpart area

Most of the Lithuanian data, which is published in Eurobase, can be found in the national Database of Indicators (see section 10.3 for more information).


28 November 2025

The following are brief definitions of concepts and variables from the European System of Accounts 2010 (ESA 2010). In general, the ESA 2010 which was published in the Official Journal as Annex A of Regulation (EU) No 549/2013 and amended by  EU regulation 2023/734, may be referred to for more detailed explanations on methodology.

 GDP - Gross domestic product

GDP at market prices is the final result of the production activity of resident producer units. It is defined in three ways:

 a. GDP Output approach

From the production point of view GDP can be measured as the sum of the following components:

GDP = Total gross value added (B.1G) + Taxes less subsidies on products (D.21 less D.31)

where:

Gross Value Added (GVA)= Output (P.1) - Intermediate consumption (P.2)

 b. GDP Expenditure approach

From the expenditure side, GDP can be measured as follows:

GDP =

Household and non-profit institutions serving households final expenditure  (P.3 in S.14+S.15)

+ government final consumption expenditure (P.3 in S.13)

+ gross fixed capital formation (P.51)

+ changes in inventories (P.52)

+ acquisition less disposal of valuables (P.53)

+ exports (P.6)

- imports (P.7)

 c. GDP Income approach

GDP =

Compensation of employees (D.1)

+ gross operating surplus and mixed income (B.2g and B.3g)

+ taxes less subsidies on production and imports (D.2 and D.3)

Note: GDP income components and other income measures are only available at current prices. 

National accounts aim to capture economic activity within the domestic territory. They combine data from a host of base statistics, and thus they have no common sampling reference frame. The elementary building blocks of ESA 2010 statistics are statistical units and their groupings. ESA 2010 defines two types of units, institutional units and local kind-of-activity units (ESA 2010, 1.54).

Lithuanian national accounts are based on institutional units, which correspond to the concept of legal unit in Lithuania.

The Statistical Register of Economic Entities (SREE) is the main tool to carry out statistical surveys and serves as a sampling frame for business surveys. This register is maintained by Statistics Lithuania. It includes information about all types of units from the administrative Register of Legal Entities determining their active/inactive status. The SREE is the base for statistical units, sample frames, business demography and for serving user needs. For statistical purposes the Register, apart from the administrative part of information from administrative registers of units, includes a statistical part of information as well. 

National accounts combine data from many source statistics. The concept of statistical population is not applicable in a national accounts’ context.

Lithuanian national accounts are exhaustive. This means that all resident statistical units are covered directly through data sources (surveys/administrative data) or through inclusion of exhaustiveness adjustments. 

The reference area in Lithuanian national accounts is the economic territory of Republic of Lithuania.

The reference period used for presenting national accounts data is the calendar year for annual data.

See also section 3.9 on reference year for the compilation of chain-linked volumes. 

National accounts aggregates estimated in Lithuania are based on various data sources: a large number of statistical surveys, administrative data, using direct and indirect estimation methods, benchmarking and extrapolations. The accuracy of NA aggregates largely depends on the quality of the different data sources used. Conceptual and exhaustiveness adjustments are made to the data coming from the different data sources to meet the requirements and definitions of ESA 2010.

GDP is key aggregate of national accounts. GDP volume estimates, using final information coming from the data sources (transmitted at t+21 months after the reference period) are considered more accurate than first estimates of GDP using modelling, short-term statistics data. The most accurate GDP estimates are made after the balancing procedure of Supply-Use tables (transmitted at t+36 months after the reference period). The supply and use framework forms the basis for the balancing process by type of product and provides important indications as regards the consistency of the GDP production and expenditure approaches.

GDP and its components by production and expenditure approaches are presented in Lithuanian Database of Indicators (as well as Eurobase) at current, previous year’s prices and chain-linked volumes in million units of national currency, which is Euro in Lithuania. GDP components by income approach are presented at current prices in million units of national currency.

The structure of aggregates, as a percentage of total GDP for expenditure and income approaches is published in national database; the structure of gross value added by activities as a percentage of total GVA is published for production approach.

Growth rates and indexes of GDP and its components by production and expenditure approaches compared to the previous period, to the year 2021 are published, with some exceptions of aggregates in Expenditure approach, because chain-linking method is not applicable for time series of variables, which can take positive or negative values.

The implicit deflators and their percentage changes compared to the previous period are available in Eurobase, this information is not published on the national Database of Indicators, nevertheless the implicit deflator of total GDP and its changes is available in predefined tables in Official Statistics portal.

Main GDP aggregates are also published per capita in Eurobase, total GDP per capita is published in national database.

Lithuania adopted the euro as its national currency on 1 January 2015. NA data in national currency that Lithuania transmits to Eurostat correspond to nationally published figures. These series are converted into euros using the irrevocably fixed exchange rate and are published on Eurobase as Euro series (CP MEUR). The litas (former national currency) was pegged to the euro at a rate of 3.4528 to 1 on 2 February 2002 and litas became part of the ERM (European Exchange Rate Mechanism) II on 28 June 2004. This exchange rate did not change until Lithuania joined the euro area on 1 January 2015. The series at national currency and euro coincide from 2003 onwards, but differ for earlier years due to market exchange rate movements.

The national accounts for the Republic of Lithuania are compiled by State Data Agency (Statistics Lithuania). In the Lithuanian NA, the production and expenditure approaches are the main approaches to determine the level of GDP. The third approach – the income approach – is also applied; nevertheless, it is not independent.

Publicly available Chapter 1 of Lithuanian GNI Inventory gives the outline of the compilation process of Lithuanian GDP by three approaches, balancing and integration procedure, overview of the allowances for exhaustiveness.

First GDP estimate (t–1) (sum of quarters) is published within 30 days after the end of the reference year. The estimate is obtained through application of econometric models based on available statistical data; usually source statistics do not have full information on the last quarter of t-1 year.

Second GDP estimate (t–1) (sum of quarters) is published within 2 months after the end of the reference year. The estimate is obtained through application of econometric models based on available statistical data for full quarters of year t-1.

Third GDP estimate (t–1) (sum of quarters) is published within 3 months after the end of the reference year. The estimate is obtained through application of econometric models, indirect and direct estimation methods. For the third estimate, information on general government sector, financial corporations sector indicators are received, quarterly BOP data and additional information from other quarterly data sources are available.

Fourth GDP estimate (t–1) (based on provisional annual data) is published within 9 months after the end of the reference year. The estimates are obtained using direct (survey–based, administrative data –based) and indirect estimation methods (e.g. quantity–price, commodity flow, benchmark extrapolations, other estimation models).

Fifth GDP estimate (t–2) (based on all available final annual data) is published within 21 months after the end of the reference year. The estimates are obtained using direct (survey–based, administrative data –based) and indirect estimations methods (e.g. quantity–price, commodity flow, benchmark extrapolations, other estimation models).

Final GDP estimate (t–3) (after the preparation of preliminary supply and use tables) is published within 33 months after the end of the reference year.

Final GDP estimate (t-4) – the finalisation of supply–use tables may lead to a revision of GDP within 45 months.  Some other updates may be incorporated, if necessary, e.g. updates due to EDP related action points, reclassification of units between institutional sectors, etc.

 

The GDP is produced using the three approaches and is balanced at any stage of estimation in the Lithuanian NA. Starting with the preliminary estimates and followed by the semi-final and final ones, the balancing is performed at a more detailed level every time. This is determined by the availability of more detailed data sources and conversion of data from the original classification to the classifications applicable in NA, and in particular in SUT, i.e. by products. For annual t-1, t-2 GDP estimates, as production approach is considered the most reliable one, the remaining balancing differences may be included in changes in inventories indicator of expenditure approach.

When estimating preliminary and semi-definitive volume estimates of GVA for T-1 and T-2 year, single extrapolation method is used - output is deflated using appropriate price indices, then volume index of output is estimated and this output volume index is used to extrapolate the volume of gross value added. During SUT compilation for the T-3 year, double deflation is used. 

The supply and use framework forms the basis for the balancing process by type of product and provides important indications as regards the consistency of the GDP production and expenditure approaches. The balancing of the supply and use of goods and services in this framework is used as a tool for the final adjustment in the GDP compilation process. SUTs are produced at current and previous year prices, therefore GDP volume estimates are also validated through the supply–use framework.

National Accounts in Lithuania are estimated using various data sources: statistical surveys, administrative data, fiscal data. Some data sources are used for estimation of NA components, while others are used for verification purposes. The list of the main data sources broken down by three GDP approaches is presented in Chapter 1 of Lithuanian GNI Inventory (see section 1.9 Main data sources used). More detailed information about these main data sources is provided in GNI Inventory chapter 10, however, it is not publicly available.

In Lithuanian NA, the production and expenditure approaches are the main ones to determine the level of GDP.  Even though expenditure approach is an independent approach, preference is given to GDP measured by the production method, as latter being based on more ‘solid’ data sources. In the third approach– income approach– the operating surplus and mixed income are derived residually; therefore this approach is not independent.

As for specific data sources for annual GDP and related aggregates (which are not available for quarterly estimates): there are many of them available only on annually basis, one of most important one is SBS data, the other ones are: Annual survey on earnings, Annual survey on trade and catering enterprises, HBS, Labour cost survey, Fuel and energy balances, Survey on education finance statistics, Research and experimental development surveys, Survey on education finance statistics, etc.

The transmission requirements for each dataset are defined in the European System of Accounts (ESA 2010) transmission programme

Frequency of dissemination of Lithuanian national accounts data is in line with European transmission programme. 

For annual Lithuanian GDP data these are, in principle:

  •  GDP flash estimate: t+30 days.
  •  Main GDP aggregates: t+2 months, t+3 months and t+9 months.
  •  Basic breakdowns of main GDP aggregates:  t+2 months, t+3 months and t+9 months.
  •  Detailed breakdowns of main GDP aggregates: t+9 months and t+21 months.

Member States are required to transmit their data to Eurostat in compliance with the European System of Accounts ESA 2010 transmission programme, subject to derogations.

Lithuanian national accounts are sent to Eurostat respecting the deadlines specified in ESA 2010 data transmission programme.

Annual NA data are disseminated nationally in a timely manner according to approved release calendar (see sections 8.1-8.3 for more information).

The comparability is ensured by the application of common definitions (European System of Accounts ESA 2010).

Lithuanian national accounts are produced according to the requirements and definitions of ESA 2010. Lithuanian NA aggregates should be comparable with the same NA aggregates of other countries, which use the common definitions of ESA 2010 for production of their NA data. However, full comparability cannot always be ensured, as different countries may use different methods and different data sources for the estimation of NA aggregates.

By using a common framework, the European System of Accounts (ESA 2010), data are comparable over time. The length of comparable time series is according to the requirements of ESA 2010 Transmission programme of data, and depends on the corresponding data table. The comparable time series for the main aggregates of NA are starting the year 1995.

The temporal breaks in time series can sometimes occur with the major or benchmark revisions of time series, changes in the classifications. 

A new version of the classification of individual consumption expenditure by purpose – COICOP 2018 – has been introduced in the Household final consumption expenditure estimations for the period starting 2020. Lithuania has a derogation until autumn 2027 for the implementation of COICOP 2018 in the 1995–2019 time series.

Durability breakdowns of HFCE for 1995-2019 years are based on COICOP, and starting from the year 2020 based on COICOP2018, therefore year 2020 is flagged by (b) break in time series flag. The break in the time series is due to differences in classifications, not for conceptual differences of HFCE data in principle.