Forest growth under changing environmental conditions has been a major concern worldwide. The estimations of forests’ growth trends may provide significant insight on changing the value of Norway spruce (Picea abies (L.) H. Karst.) forests. The purpose of this study was to estimate the growth dynamics of thinned and un-thinned spruce stands in Lithuania by assessing their standing volume, gross volume yield, and stand density. For this purpose, two pure Norway spruce sites, established in 1990 and 1992, were selected. The thinning treatment scheme for each trial, comprised of five distinct stand density variants and eight different yield parameters, were analysed for each plot. Control plots exhibited the smallest growth in diameter, whereas stands that had been thinned once at a young age displayed the largest diameter increment (peak—1.4 cm/year). An increasing trend in tree stem volume was registered in all thinning treatment plots. The greatest competition index was found in the control plots, indicating an exceptionally high competition (peak—4.6–5.1) between trees for growth space. The competition index was four times smaller (2.0) in the moderately thinned stand. Intensifying natural mortality rate and signs of growth stabilization in the control plots (un-thinned) cannot guarantee them the positions of the highest productivity and accumulated stand volume in the future compared with thinned spruce stands.