Lithuania - Economic Forecasts - 2018-2020 Outlook

This page has 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.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.80 0.6 0.7 0.6 1.1 0.5 percent
Unemployment Rate 8.60 7.3 7.1 8.2 8.2 7.2 percent
Inflation Rate 2.30 3.6 3.2 2.6 2.5 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -209.30 -160 -160 -30 -100 -40 EUR Million
Government Debt to GDP 39.70 38.2 38.2 38.2 37.4 36.6 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.18
1.21 1.19 1.17 1.15 1.08
Stock Market 709.90
points
684 664 645 626 557
Government Bond 10y 1.15
percent
1.29 1.45 1.63 1.82 2.89
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.80
percent
0.6 0.7 0.6 1.1 0.5
GDP Annual Growth Rate 3.60
percent
3 2.8 2.7 2.2 2.4
GDP 42.74
USD Billion
42.15 43.42 46.25 49.28 52.12
GDP Constant Prices 9170.70
EUR Million
9059 9100 9341 9372 9804
Gross National Product 40334.10
EUR Million
37700 37663 41423 37960 43478
Gross Fixed Capital Formation 2038.40
EUR Million
1831 1923 2093 1444 2197
GDP per capita 15872.72
USD
16840 16840 16840 17290 17760
GDP per capita PPP 27904.10
USD
27579 27853 28127 26623 25824
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 8.60
percent
7.3 7.1 8.2 8.2 7.2
Employed Persons 1347.10
Thousand
1358 1358 1358 1358 1358
Unemployed Persons 151.34
Thousand
140 135 143 146 143
Labor Force Participation Rate 60.60
percent
60.65 60.66 60.65 60.65 60.65
Long Term Unemployment Rate 2.60
percent
2.6 2.6 2.6 2.6 2.6
Youth Unemployment Rate 14.00
percent
14.03 14.16 14.3 14.43 15.69
Labour Costs 140.20
Index Points
137 137 137 137 137
Job Vacancies 19319.00
19453 20421 19558 20326 19864
Wages 884.80
EUR/Month
900 910 930 940 1050
Wages in Manufacturing 884.80
EUR/Month
895 910 915 960 990
Minimum Wages 400.00
EUR/Month
400 400 400 430 450
Population 2.85
Million
2.81 2.81 2.81 2.85 2.75
Retirement Age Women 62.33
62.33 62.33 62.33 62.67 63
Retirement Age Men 63.67
63.67 63.67 63.67 63.83 64
Productivity 122.60
Index Points
123 123 123 123 123
Part Time Employment 90.70
Thousand
93.13 94.41 93.76 94.09 93.98
Full Time Employment 1214.30
Thousand
1215 1217 1215 1217 1216
Employment Change -0.10
percent
-0.11 -0.13 -0.11 -0.13 -0.12
Employment Rate 71.00
percent
70.75 70.75 70.75 70.75 70.75
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 2.30
percent
3.6 3.2 2.6 2.5 2.4
Inflation Rate Mom 0.60
percent
0.2 0.18 0.18 0.18 0.18
Harmonised Consumer Prices 106.92
Index Points
108 109 109 110 114
Consumer Price Index CPI 107.30
Index Points
117 117 117 118 123
Core Consumer Prices 106.25
Index Points
108 108 108 107 114
Core Inflation Rate 1.80
percent
2.55 2.63 2.66 2.68 2.69
GDP Deflator 117.53
Index Points
117 117 117 117 117
Producer Prices 103.70
Index Points
102 104 107 109 113
Export Prices 102.70
Index Points
103 103 103 103 103
Import Prices 102.70
Index Points
102 101 101 101 101
Producer Prices Change 2.20
percent
5.1 3.68 3.6 2.93 2.5
Food Inflation 2.70
percent
3.6 3.2 3 2.8 2.2
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.33
percent
-0.33 -0.33 -0.08 -0.08 0.42
Money Supply M0 5954.00
EUR Million
5861 5861 5861 5861 5861
Money Supply M1 15210.10
EUR Million
15770 16137 16491 16831 19791
Money Supply M2 24793.90
EUR Million
25198 25557 25915 26272 30084
Money Supply M3 24791.40
EUR Million
25191 25545 25897 26248 29997
Foreign Exchange Reserves 4066.90
USD Million
3571 3350 3181 3051 2652
Banks Balance Sheet 27525.50
EUR Million
27630 27518 27721 27611 27624
Loans to Private Sector 8433.00
EUR Million
8538 8596 8646 8690 8960
Central Bank Balance Sheet 18628.00
EUR Million
19744 19783 19766 19732 19288
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -209.30
EUR Million
-160 -160 -30 -100 -40
Exports 2397.40
EUR Million
2420 2510 2560 2690 2980
Imports 2621.60
EUR Million
2580 2670 2590 2790 3020
Current Account 69.70
EUR Million
152 32 -140 56.78 -80
Current Account to GDP -0.90
percent
-1.6 -1.6 -1.4 -1.2 -1
External Debt 34822.70
EUR Million
33858 33845 33847 33847 33847
Capital Flows 100.87
EUR Million
238 170 151 155 167
Remittances 283.91
EUR Million
278 278 278 278 278
Gold Reserves 5.80
Tonnes
5.79 5.79 5.78 5.78 5.77
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment -177.72
EUR Million
137 137 137 137 137
Crude Oil Production 2.00
BBL/D/1K
2 2 2 2 2
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 39.70
percent
38.2 38.2 38.2 37.4 36.6
Government Budget 0.50
percent of GDP
0.8 0.8 0.8 -2.24 0.7
Government Budget Value 36.80
EUR Million
-86 -86 -86 -86 -86
Government Spending 1424.70
EUR Million
1521 1361 1463 1590 1536
Government Spending to GDP 33.30
percent
36.8 36.79 36.78 37.07 38.84
Government Revenues 2122.20
EUR Million
2264 2264 2264 2264 2264
Government Debt 14888.20
EUR Million
16120 16085 16050 16016 15649
Fiscal Expenditure 2237.00
EUR Million
2350 2350 2350 2350 2350
Military Expenditure 772.70
USD Million
625 671 716 725 628
Asylum Applications 15.00
persons
30.39 31.19 31.28 31.29 31.3
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Business Confidence 3.30
Index Points
-0.84 -1.05 -0.99 -0.98 -0.98
Industrial Production 11.50
percent
7.55 6.88 2.6 6.82 2
Industrial Production Mom 2.00
percent
0.72 0.62 1.4 0.96 0.6
Manufacturing Production 10.10
percent
3.73 3.86 3.96 4.05 4.17
Capacity Utilization 77.50
percent
77.3 77.74 77.35 77.69 77.49
Changes in Inventories -635.00
EUR Million
-539 333 -459 261 -201
Car Registrations 3130.00
2042 2356 2094 2294 2215
Internet Speed 14619.89
KBps
14120 13984 14096 14120 13936
IP Addresses 1350900.00
IP
1469495 1470557 1470284 1466876 1365249
Mining Production -12.90
percent
25.9 28.92 22.1 21.51 22.55
Bankruptcies 2728.00
Companies
2483 2687 2890 2824 2441
Competitiveness Index 4.58
Points
4.57 4.57 4.57 4.53 4.44
Competitiveness Rank 41.00
41 41 41 46 43
Ease of Doing Business 16.00
16 16 16 16 16
Electricity Production 266.00
Gigawatt-hour
329 337 336 335 335
Corruption Index 59.00
Points
59 59 59 59 59
Corruption Rank 38.00
38 38 38 38 38
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence -5.00
Index Points
-5.7 -5.69 -5.69 -5.7 -5.69
Retail Sales MoM 17.90
percent
-1.8 -7.2 18.1 12.5 15.1
Retail Sales YoY 6.70
percent
5.1 3.2 4.9 5.5 4
Consumer Spending 6220.38
EUR Million
6013 6188 6388 5665 6705
Personal Savings -0.48
percent
2.53 2.79 3.04 3.24 2.37
Private Sector Credit 17447.70
EUR Million
17723 17909 18076 18227 19233
Households Debt To Gdp 22.47
percent of GDP
22.89 22.94 22.99 23.04 23.39
Households Debt To Income 35.59
percent
35.19 35.19 35.19 34.91 28.86
Gasoline Prices 1.40
USD/Liter
1.33 1.26 1.19 1.12 0.78
Consumer Credit 639.00
EUR Million
611 598 586 576 522
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 116.94
Index points
111 108 104 101 99.97
Home Ownership Rate 90.30
percent
89.74 89.79 89.85 90.39 91.91
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 15.00
percent
15 15 15 16 15
Personal Income Tax Rate 15.00
percent
15 15 15 16 17
Sales Tax Rate 21.00
percent
21 21 21 21 21
Social Security Rate 41.98
percent
41.98 41.98 41.98 41 40
Social Security Rate For Companies 30.98
percent
30.98 30.98 30.98 30.98 30.98
Social Security Rate For Employees 11.00
percent
11 11 11 11 11
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 17.87
celsius
10.92 15.41 1.26 -3.89 6.05