Lithuania | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.30 0.8 0.7 0.7 0.6 0.5 percent [+]
Unemployment Rate 8.70 9.2 7.5 7.3 8.6 7.2 percent [+]
Inflation Rate 2.30 1.8 2 1.9 2.1 2.4 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -238.00 -173 -167 -167 -167 -167 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 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 561.66 547 541 536 530 446 points [+]
Government Bond 10y 0.85 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 1.30 0.8 0.7 0.7 0.6 0.5 percent [+]
GDP Annual Growth Rate 3.00 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 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 26402.85 26611 26767 26923 27079 30532 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.70 9.2 7.5 7.3 8.6 7.2 percent [+]
Employed Persons 1358.40 1363 1374 1375 1367 1374 Thousand [+]
Unemployed Persons 155.21 156 151 151 151 151 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 13.10 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 380.00 350 350 369 370 400 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 2.30 1.8 2 1.9 2.1 2.4 percent [+]
Inflation Rate Mom 0.30 0.13 0.18 0.22 0.18 0.19 percent [+]
Harmonised Consumer Prices 102.15 102 103 103 104 107 Index Points [+]
Consumer Price Index CPI 110.10 110 111 112 112 116 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 100.80 101 103 105 106 119 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 8.00 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 -0.32 -0.32 -0.31 percent [+]
Money Supply M0 5788.10 5032 4795 4589 4409 3430 EUR Million [+]
Money Supply M1 14069.00 13857 14425 15014 15627 25199 EUR Million [+]
Money Supply M2 23590.70 23308 23668 24342 24935 33349 EUR Million [+]
Money Supply M3 23594.90 24372 25249 26077 26874 36822 EUR Million [+]
Foreign Exchange Reserves 1472.30 1749 1640 1630 1630 1629 USD Million [+]
Banks Balance Sheet 27064.00 27301 27546 27772 27982 29568 EUR Million [+]
Loans to Private Sector 8222.10 8737 8889 9025 9147 9923 EUR Million [+]
Central Bank Balance Sheet 14377.70 14397 14300 14238 14198 14166 EUR Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -238.00 -173 -167 -167 -167 -167 EUR Million [+]
Exports 2016.20 1988 1987 1987 1987 1987 EUR Million [+]
Imports 2254.20 2222 2214 2207 2207 2208 EUR Million [+]
Current Account 104.53 89.16 64.55 49.33 40.56 28.72 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 241.10 140 146 147 147 147 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 15701844.00 15669464 15702892 15682972 15695097 15690524 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 -4.70 -4.99 -5.21 -5.12 -5.18 -5.16 [+]
Industrial Production 8.40 3.2 1.8 -0.6 2.7 2 percent [+]
Industrial Production Mom 1.90 -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 76.50 75.89 76.51 76.67 76.72 76.55 percent [+]
Changes in Inventories 87.60 -494 -457 -260 -648 -537 EUR Million [+]
Car Registrations 1829.00 1684 1703 1719 1717 1708 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 454.00 394 375 382 384 383 Gigawatt-hour [+]
Corruption Index 61.00 59.81 60.42 61.04 61.66 58.28 Points [+]
Corruption Rank 38.00 40.82 41.12 41.42 41.72 45.32 [+]
Mining Production 10.80 6.28 6.18 6.18 6.18 6.18 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -6.00 -7.02 -7.17 -7.14 -7.13 -7.14 [+]
Retail Sales MoM 18.70 1.05 -2.34 -2.08 -0.71 -1.16 percent [+]
Retail Sales YoY 6.60 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 16548.80 16592 16639 16683 16723 16994 EUR Million [+]
Consumer Credit 703.90 734 743 751 758 796 EUR Million [+]
Gasoline Prices 1.23 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. 2/24/2017