Lithuania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.40 0.8 0.7 0.7 0.6 0.5 percent [+]
Unemployment Rate 8.80 9.2 7.5 7.3 8.6 7.2 percent [+]
Inflation Rate 3.00 1.8 2 1.9 2.1 2.4 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -214.10 -191 -185 -184 -184 -184 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 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 560.15 556 551 545 534 449 points [+]
Government Bond 10y 0.80 0.81 0.82 0.82 0.83 0.96 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.40 0.8 0.7 0.7 0.6 0.5 percent [+]
GDP Annual Growth Rate 3.20 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 8716.10 8763 8799 8832 8855 8904 EUR Million [+]
Gross National Product 9113.00 8524 8973 8964 9000 8907 EUR Million [+]
Gross Fixed Capital Formation 1839.60 1668 1840 1668 1840 1840 EUR Million [+]
GDP per capita 15231.27 15359 15455 15551 15647 17717 USD [+]
GDP per capita PPP 26402.85 26611 26767 26923 27079 30532 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.80 9.2 7.5 7.3 8.6 7.2 percent [+]
Employed Persons 1358.40 1363 1374 1375 1367 1374 Thousand [+]
Unemployed Persons 156.69 157 153 153 153 153 Thousand [+]
Labor Force Participation Rate 60.50 60.53 60.88 60.97 60.97 62.2 percent [+]
Long Term Unemployment Rate 2.80 2.49 2.45 2.37 2.32 2.19 percent [+]
Youth Unemployment Rate 15.50 18.62 18.01 19.52 20.41 22.39 percent [+]
Labour Costs 129.70 133 136 139 141 148 Index Points [+]
Job Vacancies 14890.00 17405 16705 17216 15953 16739 [+]
Wages 822.80 823 842 854 876 967 EUR/Month [+]
Wages in Manufacturing 822.80 823 842 854 876 967 EUR/Month [+]
Minimum Wages 380.00 350 350 369 370 400 EUR/Month [+]
Population 2.89 2.88 2.87 2.87 2.86 2.79 Million [+]
Retirement Age Women 62.20 62.13 62.13 62.13 62.13 62.39 [+]
Retirement Age Men 63.60 63.58 63.58 63.58 63.58 63.71 [+]
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 116.20 105 110 121 116 116 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 3.00 1.8 2 1.9 2.1 2.4 percent [+]
Inflation Rate Mom 0.30 0.22 0.2 0.24 0.22 0.22 percent [+]
Harmonised Consumer Prices 102.49 103 103 104 104 108 Index Points [+]
Consumer Price Index CPI 110.50 111 111 112 113 118 Index Points [+]
Core Consumer Prices 102.17 102 103 103 103 105 Index Points [+]
Core Inflation Rate 1.80 1.84 2.07 2.2 2.29 2.43 percent [+]
GDP Deflator 113.63 112 114 112 114 114 Index Points [+]
Producer Prices 101.00 101 103 105 106 119 Index Points [+]
Export Prices 102.40 104 105 103 101 99.67 Index Points [+]
Import Prices 100.40 102 102 101 98.87 98.14 Index Points [+]
Food Inflation 4.40 4.07 5.56 5.94 7.3 17.14 percent [+]
Producer Prices Change 9.80 4.8 3.2 2.2 2.5 2.2 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 -0.33 -0.32 -0.31 -0.31 -0.31 -0.31 percent [+]
Money Supply M0 5675.00 5676 5672 5670 5670 5669 EUR Million [+]
Money Supply M1 13631.70 14018 14526 14946 15353 18972 EUR Million [+]
Money Supply M2 23095.10 23327 23685 24047 24406 28584 EUR Million [+]
Money Supply M3 23095.10 23325 23670 24023 24375 28456 EUR Million [+]
Foreign Exchange Reserves 1676.10 1837 1728 1713 1711 1710 USD Million [+]
Banks Balance Sheet 26888.40 27011 27214 27394 27561 28836 EUR Million [+]
Loans to Private Sector 8212.50 8190 8178 8169 8162 8115 EUR Million [+]
Central Bank Balance Sheet 13603.40 14375 14273 14208 14168 14135 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -214.10 -191 -185 -184 -184 -184 EUR Million [+]
Exports 1864.80 1874 1908 1908 1908 1908 EUR Million [+]
Imports 2078.90 2127 2125 2112 2115 2116 EUR Million [+]
Current Account -94.06 -29.38 -19.38 -13.66 -10.66 -6.83 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 231.80 155 154 155 155 155 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 99.90 85.08 -236 -28.11 -1101 -727 EUR Million [+]
Government Spending 1410.10 1558 1516 1345 1404 1395 EUR Million [+]
Government Spending to GDP 35.10 35.37 35.89 36.42 36.94 38.64 percent [+]
Government Revenues 2245.00 2418 2391 2351 2403 2461 EUR Million [+]
Government Debt 14657.80 2473438 5195352 3536283 3512312 3702400 EUR Thousand [+]
Fiscal Expenditure 2145.10 2327 2430 2376 2404 2395 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 -2.90 -3.3 -4.14 -3.83 -3.94 -3.91 [+]
Industrial Production 5.80 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 7.40 3.79 4.43 3.96 4.27 4.22 percent [+]
Capacity Utilization 76.50 75.89 76.51 76.67 76.72 76.55 percent [+]
Changes in Inventories -668.40 -448 -446 -53.81 -581 -471 EUR Million [+]
Car Registrations 1642.00 1642 1671 1685 1682 1670 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 343.00 336 340 349 347 347 Gigawatt-hour [+]
Corruption Index 59.00 61 60 59 59 59 Points [+]
Corruption Rank 38.00 40.82 41.12 41.42 41.72 45.32 [+]
Mining Production -4.40 1.25 2.08 2.09 2.09 2.09 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -10.00 -10.51 -10.91 -11.06 -10.97 -10.98 [+]
Retail Sales MoM -21.70 2.06 -9.64 -1.56 2.58 -1.02 percent [+]
Retail Sales YoY 9.80 9.47 9.71 9.72 9.71 9.71 percent [+]
Consumer Spending 6070.80 5708 6028 6222 6214 6311 EUR Million [+]
Personal Savings -1.85 0.71 0.47 0.23 0 1.8 percent [+]
Private Sector Credit 16583.70 16611 16669 16722 16771 17102 EUR Million [+]
Consumer Credit 712.70 718 721 726 729 750 EUR Million [+]
Gasoline Prices 1.24 1.24 1.23 1.23 1.23 1.23 USD/Liter [+]
Households Debt To Gdp 22.70 23.08 23.23 23.39 23.55 24.93 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. 3/23/2017