Lithuania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.10 0.8 0.7 0.7 0.6 0.5 percent [+]
Unemployment Rate 8.50 9.2 7.5 7.3 8.6 7.2 percent [+]
Inflation Rate 1.70 1 1.3 1.4 1.6 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -26.10 -155 -156 -156 -156 -156 EUR Million [+]
Government Debt to GDP 42.70 42.04 42.21 42.39 42.56 42.91 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.07 1.02 1.01 1 1.04 0.83 [+]
Stock Market 565.66 547 541 536 530 446 points [+]
Government Bond 10y 0.80 0.87 0.88 0.88 0.73 1.02 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.10 0.8 0.7 0.7 0.6 0.5 percent [+]
GDP Annual Growth Rate 1.70 2.3 2.2 2.3 2.4 2.4 percent [+]
GDP 41.17 42.35 42.85 41.47 43.85 52.12 USD Billion [+]
GDP Constant Prices 8574.60 8673 8724 8773 8823 9415 EUR Million [+]
Gross National Product 9113.00 8846 8728 8604 8476 6843 EUR Million [+]
Gross Fixed Capital Formation 1763.70 1603 2013 2048 2125 2786 EUR Million [+]
GDP per capita 15231.27 15359 15455 15551 15647 17717 USD [+]
GDP per capita PPP 26396.87 26611 26767 26923 27079 30532 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.50 9.2 7.5 7.3 8.6 7.2 percent [+]
Employed Persons 1368.70 1364 1375 1376 1368 1375 Thousand [+]
Unemployed Persons 151.98 122 123 123 123 123 Thousand [+]
Labor Force Participation Rate 60.60 60.49 60.83 60.89 60.88 62.08 percent [+]
Long Term Unemployment Rate 3.20 2.9 2.87 2.83 2.8 2.74 percent [+]
Youth Unemployment Rate 12.80 16.1 15.86 15.99 15.91 15.92 percent [+]
Labour Costs 125.30 126 127 128 128 128 Index Points [+]
Job Vacancies 16890.00 18025 17315 17814 16865 17770 [+]
Wages 793.30 809 827 839 855 922 EUR/Month [+]
Wages in Manufacturing 793.30 769 783 788 795 830 EUR/Month [+]
Minimum Wages 380.00 350 350 380 370 400 EUR/Month [+]
Population 2.92 2.9 2.9 2.89 2.89 2.81 Million [+]
Retirement Age Women 61.30 61.3 61.3 61.3 61.3 61.3 [+]
Retirement Age Men 63.10 63.1 63.1 63.1 63.1 63.1 [+]
Employment Change -0.40 0.24 0.65 0.47 0.13 0.34 percent [+]
Employment Rate 70.00 70.06 70.84 71.23 70.99 72.05 percent [+]
Full Time Employment 1242.10 1231 1239 1250 1246 1250 Thousand [+]
Productivity 121.60 104 109 122 115 114 Index Points [+]
Part Time Employment 84.70 92.32 92.65 89.17 89.24 90.32 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.70 1 1.3 1.4 1.6 2 percent [+]
Inflation Rate Mom 0.40 -0.04 0.14 0.04 0.05 0.06 percent [+]
Harmonised Consumer Prices 101.94 102 102 102 102 104 Index Points [+]
Consumer Price Index CPI 109.80 109 110 110 110 112 Index Points [+]
Core Consumer Prices 102.82 103 103 104 104 108 Index Points [+]
Core Inflation Rate 1.30 0.8 0.7 0.63 0.58 0.51 percent [+]
GDP Deflator 111.66 113 115 113 115 115 Index Points [+]
Producer Prices 99.60 99.03 99.09 99.09 99.1 99.1 Index Points [+]
Export Prices 98.30 99.88 100 98.51 97.04 97.18 Index Points [+]
Import Prices 95.70 97.37 97.37 96.01 94.91 95.13 Index Points [+]
Food Inflation 1.00 1.41 1.37 1.98 2 5.42 percent [+]
Producer Prices Change 5.50 0.4 0.7 0.9 1.1 1.9 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.32 -0.29 -0.29 -0.29 -0.29 -0.29 percent [+]
Money Supply M0 5665.20 5032 4795 4589 4409 3430 EUR Million [+]
Money Supply M1 13317.80 13857 14425 15014 15627 25199 EUR Million [+]
Money Supply M2 22754.20 23308 23668 24342 24935 33349 EUR Million [+]
Money Supply M3 22759.30 24372 25249 26077 26874 36822 EUR Million [+]
Foreign Exchange Reserves 2468.30 1405 1408 1411 1412 1411 USD Million [+]
Banks Balance Sheet 26900.10 25462 25183 24878 24547 17385 EUR Million [+]
Loans to Private Sector 8342.70 8737 8889 9025 9147 9923 EUR Million [+]
Central Bank Balance Sheet 12932.40 13297 13192 13207 13157 13163 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -26.10 -155 -156 -156 -156 -156 EUR Million [+]
Exports 2065.10 1953 1951 1951 1951 1951 EUR Million [+]
Imports 2091.20 2125 2126 2124 2125 2125 EUR Million [+]
Current Account 212.84 -28.56 -38.77 -42.75 -43.53 -21.18 EUR Million [+]
Current Account to GDP -2.50 -1.8 -1.8 -1.75 -3.02 -1.53 percent [+]
External Debt 32397.50 33189 33697 34197 34500 36775 EUR Million [+]
Capital Flows 425.70 121 124 125 125 125 EUR Million [+]
Remittances 273.85 260 274 260 276 274 EUR Million [+]
Gold Reserves 5.82 5.82 5.82 5.82 5.82 5.82 Tonnes [+]
Crude Oil Production 2.00 2 2 2 2 2 BBL/D/1K [+]
Foreign Direct Investment 17.30 28.44 21.57 47.04 38.54 42.04 EUR Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 42.70 42.04 42.21 42.39 42.56 42.91 percent [+]
Government Budget -0.20 -1 -1 -1.97 -0.6 0.7 percent of GDP [+]
Government Budget Value -173.40 65.41 -308 -605 -1056 -595 EUR Million [+]
Government Spending 1339.60 1567 1521 1353 1437 1430 EUR Million [+]
Government Spending to GDP 35.10 35.37 35.89 36.42 36.94 38.64 percent [+]
Government Revenues 2325.50 2337 2264 2181 2307 2307 EUR Million [+]
Government Debt 15614333.00 15548913 15568073 15556717 15563470 15560957 EUR Thousand [+]
Fiscal Expenditure 2498.80 2538 2531 2535 2533 2534 EUR Million [+]
Asylum Applications 50.00 38.93 32.59 30.38 29.6 29.18 persons [+]
Military Expenditure 566.40 539 576 613 616 529 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence -6.60 -8.2 -8.61 -8.49 -8.53 -8.52 [+]
Industrial Production 2.30 3.2 1.8 -0.6 2.7 2 percent [+]
Industrial Production Mom 1.10 -0.5 0.6 -1.6 0.8 0.6 percent [+]
Manufacturing Production 1.60 2.35 2.78 3.44 3.74 3.95 percent [+]
Capacity Utilization 76.00 75.88 75.82 75.84 75.78 75.66 percent [+]
Changes in Inventories 87.60 -494 -457 -260 -648 -537 EUR Million [+]
Car Registrations 1418.00 1752 1750 1747 1746 1746 Cars [+]
Bankruptcies 1970.00 1857 1963 2069 2028 1960 companies [+]
Competitiveness Index 4.60 4.55 4.55 4.55 4.55 4.6 Points [+]
Competitiveness Rank 35.00 39 39 39 42 43 [+]
Ease of Doing Business 21.00 20.21 20.21 20.21 20.21 20.74 [+]
Electricity Production 470.00 330 326 328 328 328 Gigawatt-hour [+]
Corruption Index 61.00 59.81 60.42 61.04 61.66 58.28 Points [+]
Corruption Rank 32.00 40.82 41.12 41.42 41.72 45.32 [+]
Mining Production 3.70 1.08 0.51 0.22 0.03 -0.27 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -5.00 -7.02 -7.17 -7.14 -7.13 -7.14 [+]
Retail Sales MoM -4.70 1.05 -2.34 -2.08 -0.71 -1.16 percent [+]
Retail Sales YoY 8.10 7.88 7.9 7.9 7.9 7.9 percent [+]
Consumer Spending 6043.77 5529 5869 5947 5907 5914 EUR Million [+]
Personal Savings -1.85 0.71 0.47 0.23 0 1.8 percent [+]
Private Sector Credit 16637.40 16878 17048 17204 17346 18320 EUR Million [+]
Consumer Credit 714.50 734 743 751 758 796 EUR Million [+]
Gasoline Prices 1.13 1.12 1.13 1.13 1.13 1.13 USD/Liter [+]
Households Debt To Gdp 22.41 22.88 23 23.13 23.25 24.31 percent of GDP [+]
Households Debt To Income 35.82 34.8 35.63 36.46 37.3 41.59 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 127.65 123 122 120 119 116 Index points [+]
Home Ownership Rate 89.40 90.68 90.2 89.72 89.24 89.27 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 15.00 15 15 15 15 15 percent [+]
Sales Tax Rate 21.00 21 21 21 21 21 percent [+]
Social Security Rate 39.80 39.8 39.8 39.8 39.8 39.8 percent [+]
Social Security Rate For Companies 30.80 30.8 30.8 30.8 30.8 30.8 percent [+]
Social Security Rate For Employees 9.00 9 9 9 9 9 percent [+]





Economic Forecasts for Lithuania including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Lithuania economy. 1/23/2017