Lithuania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.10 0.4 0.6 0.5 0.7 0.5 percent [+]
Unemployment Rate 7.20 7.4 9.2 7.5 7.3 7.2 percent [+]
Inflation Rate 1.00 0.9 1 1.3 1.4 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -156.20 -150 -155 -156 -156 -156 EUR Million [+]
Government Debt to GDP 42.70 42.56 42.69 42.83 42.96 42.91 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.06 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 559.97 552 547 541 535 446 points [+]
Government Bond 10y 0.85 0.45 0.46 0.46 0.47 0.54 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.10 0.4 0.6 0.5 0.7 0.5 percent [+]
GDP Annual Growth Rate 1.70 2 2.3 2.2 2.3 2.4 percent [+]
GDP 41.24 41.85 42.35 42.85 41.35 52.12 USD Billion [+]
GDP Constant Prices 8574.60 8625 8673 8724 8773 9415 EUR Million [+]
Gross National Product 8156.00 8904 8782 8655 8524 6723 EUR Million [+]
Gross Fixed Capital Formation 1776.60 2094 1603 2013 2048 2786 EUR Million [+]
GDP per capita 15227.82 15647 15777 15908 16038 17717 USD [+]
GDP per capita PPP 26396.87 27079 27291 27503 27714 30532 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.20 7.4 9.2 7.5 7.3 7.2 percent [+]
Employed Persons 1368.70 1360 1364 1375 1376 1375 Thousand [+]
Unemployed Persons 129.01 121 122 123 123 123 Thousand [+]
Labor Force Participation Rate 60.60 60.23 60.49 60.83 60.89 62.08 percent [+]
Long Term Unemployment Rate 3.20 2.96 2.9 2.87 2.83 2.74 percent [+]
Youth Unemployment Rate 16.20 15.84 16.1 15.86 15.99 15.92 percent [+]
Labour Costs 122.20 125 126 127 128 128 Index Points [+]
Job Vacancies 16890.00 15469 18025 17315 17814 17770 [+]
Wages 793.30 814 809 827 839 922 EUR/Month [+]
Wages in Manufacturing 793.30 769 783 788 795 830 EUR/Month [+]
Minimum Wages 380.00 350 350 350 380 400 EUR/Month [+]
Population 2.92 2.89 2.89 2.88 2.88 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 1.00 0.58 0.48 0.91 0.82 0.74 percent [+]
Employment Rate 69.50 69.93 70.06 70.84 71.23 72.05 percent [+]
Full Time Employment 1223.00 1223 1221 1229 1233 1231 Thousand [+]
Productivity 109.30 115 104 109 122 114 Index Points [+]
Part Time Employment 99.50 98.72 99.41 99.44 99.35 99.3 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 1.00 0.9 1 1.3 1.4 2 percent [+]
Inflation Rate Mom 0.30 0.06 -0.04 0.14 0.04 0.06 percent [+]
Harmonised Consumer Prices 101.16 101 101 102 102 104 Index Points [+]
Consumer Price Index CPI 109.00 109 109 110 110 112 Index Points [+]
Core Consumer Prices 101.81 102 102 103 103 106 Index Points [+]
Core Inflation Rate 1.20 0.97 0.84 0.75 0.69 0.58 percent [+]
GDP Deflator 114.46 115 113 115 113 115 Index Points [+]
Producer Prices 98.30 99.02 99.03 99.09 99.09 99.1 Index Points [+]
Export Prices 98.30 99.38 99.88 100 98.51 97.18 Index Points [+]
Import Prices 95.70 96.95 97.37 97.37 96.01 95.13 Index Points [+]
Food Inflation 1.00 0.74 1.41 1.37 1.98 5.42 percent [+]
Producer Prices Change 1.40 0.2 0.4 0.7 0.9 1.9 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.31 -0.3 -0.29 -0.29 -0.29 -0.29 percent [+]
Money Supply M0 5616.20 5304 5032 4795 4589 3430 EUR Million [+]
Money Supply M1 12921.30 13306 13848 14412 14997 25113 EUR Million [+]
Money Supply M2 22238.40 22747 23322 23688 24369 33489 EUR Million [+]
Money Supply M3 22248.30 23418 24372 25249 26077 36822 EUR Million [+]
Foreign Exchange Reserves 1268.50 1500 1405 1408 1411 1411 USD Million [+]
Banks Balance Sheet 26101.40 25712 25462 25183 24878 17385 EUR Million [+]
Loans to Private Sector 8369.60 8566 8737 8889 9025 9923 EUR Million [+]
Central Bank Balance Sheet 12518.60 13204 13105 13000 13002 12959 EUR Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -156.20 -150 -155 -156 -156 -156 EUR Million [+]
Exports 2013.20 1966 1953 1951 1951 1951 EUR Million [+]
Imports 2169.40 2132 2125 2126 2124 2125 EUR Million [+]
Current Account 53.10 -48.38 -60.42 -63.95 -63.59 -26.38 EUR Million [+]
Current Account to GDP -2.50 -1.8 -1.8 -1.8 -1.25 -1.53 percent [+]
External Debt 31394.00 32427 33189 33697 34197 36775 EUR Million [+]
Capital Flows 507.20 127 121 124 125 125 EUR Million [+]
Remittances 274.58 277 260 274 260 274 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 33.85 -1.71 28.44 21.57 47.04 42.04 EUR Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 42.70 42.56 42.69 42.83 42.96 42.91 percent [+]
Government Budget -0.20 -1 -1 -1 -2.49 0.7 percent of GDP [+]
Government Budget Value -173.40 -1283 65.41 -308 -605 -595 EUR Million [+]
Government Spending 1517.10 1439 1567 1521 1353 1430 EUR Million [+]
Government Spending to GDP 35.10 36.94 37.22 37.51 37.79 38.64 percent [+]
Government Revenues 2325.50 2189 2337 2264 2181 2307 EUR Million [+]
Government Debt 15503044.00 15578801 15548913 15568073 15556717 15560957 EUR Thousand [+]
Fiscal Expenditure 2498.80 2524 2538 2531 2535 2534 EUR Million [+]
Asylum Applications 40.00 31.75 29.71 29.32 29.26 29.24 persons [+]
Military Expenditure 566.40 539 576 613 616 529 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence -8.30 -9.7 -8.2 -8.61 -8.49 -8.52 [+]
Industrial Production -2.60 2.5 3.2 1.8 -0.6 2 percent [+]
Industrial Production Mom 2.80 -1.9 -0.5 0.6 -1.6 0.6 percent [+]
Manufacturing Production 8.30 4.09 3.9 3.66 4.18 4.06 percent [+]
Capacity Utilization 76.00 75.68 75.88 75.82 75.84 75.66 percent [+]
Changes in Inventories -388.80 -733 -494 -457 -260 -537 EUR Million [+]
Car Registrations 1742.00 1785 1752 1750 1747 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 312.00 324 318 315 316 316 Gigawatt-hour [+]
Corruption Index 61.00 61.66 61.46 61.26 61.07 58.28 Points [+]
Corruption Rank 32.00 41.72 41.97 42.23 42.48 45.32 [+]
Mining Production 10.70 7.12 7.03 7.02 7.02 7.02 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence -8.00 -7.33 -7.02 -7.17 -7.14 -7.14 [+]
Retail Sales MoM 2.20 0.96 2.74 -0.12 -0.71 0.21 percent [+]
Retail Sales YoY 7.10 7.44 7.43 7.44 7.44 7.44 percent [+]
Consumer Spending 5777.20 5871 5529 5869 5947 5914 EUR Million [+]
Personal Savings -1.85 0 0.23 0.46 0.7 1.8 percent [+]
Private Sector Credit 16561.20 16717 16912 17096 17263 18464 EUR Million [+]
Consumer Credit 711.80 723 734 743 751 796 EUR Million [+]
Gasoline Prices 1.14 1.11 1.09 1.09 1.09 1.09 USD/Liter [+]
Households Debt To Gdp 22.41 22.75 22.88 23 23.13 24.31 percent of GDP [+]
Households Debt To Income 35.82 37.3 37.76 38.23 38.69 41.59 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 123.41 124 123 122 120 116 Index points [+]
Home Ownership Rate 89.40 89.24 89.27 89.31 89.34 89.27 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/10/2016