The Analysis of Trends in GDP and Cyclical Nature of GDP Changes in Baltic States

摘要

This paper analyzes the Baltic countries’ trends in GDP and cyclical nature of GDP changes. Such analysis is necessary while assessing country's current economic situation. A brief literature review was conducted; methods used included tools of statistical analysis. The presented results showed that seasonally adjusted GDP changes tend to have similar distribution for Estonia and Lithuania, cyclical behavior of seasonally adjusted GDP changes tends to have similar trends for three Baltic states.