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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.40 0.7 0.9 0.8 0.6 0.6 percent
Unemployment Rate 8.30 8.2 8.1 8.1 7.8 7.2 percent
Inflation Rate 2.90 2.7 2.6 2.5 2.4 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -275.60 -30 -100 -150 -267 -40 EUR Million
Government Debt to GDP 39.70 36.2 38.4 38.4 38.4 37.1 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.13
1.15 1.14 1.13 1.13 1.1
Stock Market 639.89
points
679 673 667 661 637
Government Bond 10y 1.20
percent
1.25 1.3 1.35 1.41 1.65
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.40
percent
0.7 0.9 0.8 0.6 0.6
GDP Annual Growth Rate 2.20
percent
2.9 3.1 2.7 2.5 2.5
GDP 47.17
USD Billion
47 49 49 49 52
GDP Constant Prices 9251.00
EUR Million
9359 9455 9509 9482 9871
Gross National Product 40334.10
EUR Million
41504 41584 41423 41342 43775
Gross Fixed Capital Formation 1949.60
EUR Million
2098 1588 2002 1998 2212
GDP per capita 16793.25
USD
17500 18000 18000 18000 18700
GDP per capita PPP 29524.26
USD
30000 30900 30900 30900 31000
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 8.30
percent
8.2 8.1 8.1 7.8 7.2
Employed Persons 1379.60
Thousand
1373 1366 1379 1386 1385
Unemployed Persons 144.22
Thousand
146 146 146 146 146
Labor Force Participation Rate 61.20
percent
61.12 61.25 61.43 61.5 62.1
Long Term Unemployment Rate 2.00
percent
1.64 1.59 1.49 1.42 1.29
Youth Unemployment Rate 12.60
percent
12.49 12.88 13 13.1 13.42
Labour Costs 147.90
Index Points
155 158 161 163 173
Job Vacancies 19185.00
19311 20115 19314 20197 19448
Wages 926.70
EUR/Month
930 940 1000 1008 1050
Wages in Manufacturing 926.70
EUR/Month
915 960 1000 1008 990
Minimum Wages 400.00
EUR/Month
400 430 430 430 450
Population 2.81
Million
2.81 2.79 2.77 2.76 2.75
Retirement Age Women 62.33
62.33 62.67 62.33 62.33 63
Retirement Age Men 63.67
63.67 63.83 63.67 63.67 64
Productivity 120.00
Index Points
126 118 122 133 129
Part Time Employment 94.70
Thousand
91.83 93.7 93.47 92.42 92.81
Full Time Employment 1223.90
Thousand
1227 1216 1229 1239 1233
Employment Change 0.70
percent
0.01 0.13 0.18 0.31 0.19
Employment Rate 72.10
percent
72.27 72.06 73 73.41 73.68
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 2.90
percent
2.7 2.6 2.5 2.4 2.4
Inflation Rate Mom 0.60
percent
0.2 0.4 0.3 0.1 0.3
Harmonised Consumer Prices 107.85
Index Points
109 109 110 110 114
Consumer Price Index CPI 108.90
Index Points
109 109 110 111 114
Core Consumer Prices 107.00
Index Points
107 107 109 109 110
Core Inflation Rate 1.70
percent
1.57 1.54 1.53 1.52 1.51
GDP Deflator 122.26
Index Points
122 120 123 121 123
Producer Prices 109.70
Index Points
112 110 114 116 122
Export Prices 103.50
Index Points
106 108 107 106 105
Import Prices 105.30
Index Points
107 107 106 105 106
Producer Prices Change 9.10
percent
8.6 7.7 6.5 6.2 3.2
Food Inflation 0.20
percent
3.3 3.2 2.8 2.6 2.8
Cpi Housing Utilities 102.64
Index Points
101 102 102 102 103
Cpi Transportation 108.57
Index Points
108 108 108 108 109
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.07 0.43
Money Supply M0 6156.20
EUR Million
6133 6125 6122 6121 6121
Money Supply M1 16368.60
EUR Million
16854 17259 17664 18054 21051
Money Supply M2 26161.00
EUR Million
26562 26958 27353 27747 31204
Money Supply M3 26158.50
EUR Million
26555 26946 27336 27723 31132
Foreign Exchange Reserves 3904.60
USD Million
4142 4033 4029 4030 4029
Banks Balance Sheet 29016.20
EUR Million
29366 29626 29868 30092 31525
Loans to Private Sector 8809.50
EUR Million
8693 8578 8498 8440 8311
Central Bank Balance Sheet 20133.10
EUR Million
20695 21327 22000 22686 28647
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -275.60
EUR Million
-30 -100 -150 -267 -40
Exports 2273.00
EUR Million
2560 2690 2590 2327 2980
Imports 2548.60
EUR Million
2590 2790 2740 2594 3020
Current Account -57.93
EUR Million
180 -80 120 160 190
Current Account to GDP -0.90
percent
0.2 0.1 0.1 0.1 -0.5
External Debt 35257.90
EUR Million
35812 36000 36262 36410 37454
Capital Flows 54.40
EUR Million
123 126 125 125 125
Remittances 286.72
EUR Million
285 278 286 279 285
Gold Reserves 5.80
Tonnes
5.79 5.79 5.79 5.79 5.79
Terrorism Index 0.00
0 0 0 0 0
Tourism Revenues 207.40
EUR Million
210 154 231 294 214
Tourist Arrivals 347.30
Thousand
400 300 500 600 400
Foreign Direct Investment 227.44
EUR Million
216 189 190 181 175
Crude Oil Production 2.00
BBL/D/1K
2 2 2 2 2
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 39.70
percent
36.2 38.4 38.4 38.4 37.1
Government Budget 0.50
percent of GDP
0.8 0.5 0.5 0.5 0.7
Government Budget Value 36.80
EUR Million
-37.98 -112 -203 -103 -136
Government Spending 1504.60
EUR Million
1455 1617 1545 1542 1535
Government Spending to GDP 33.30
percent
33.3 33.3 33.3 33.3 33.3
Government Revenues 2122.20
EUR Million
2469 2358 2270 2369 2336
Government Debt 14966.40
EUR Million
14949 14948 14949 14949 14949
Fiscal Expenditure 2237.00
EUR Million
2478 2470 2474 2472 2472
Military Expenditure 772.70
USD Million
853 862 871 879 818
Asylum Applications 50.00
persons
32.3 31.33 31.44 31.49 31.48
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Business Confidence -2.30
Index Points
-1.19 -1.06 -1.06 -1.07 -1.07
Industrial Production -0.50
percent
6.5 5.4 2.64 5.5 3.9
Industrial Production Mom -3.30
percent
1.4 0.44 0.47 0.45 0.6
Manufacturing Production -0.20
percent
3.56 2.69 3.21 3.04 3.06
Capacity Utilization 77.40
percent
77.12 77.28 77.24 77.24 77.19
Changes in Inventories -212.30
EUR Million
-210 241 -209 239 -200
Car Registrations 2279.00
2477 2614 2654 2661 2645
Internet Speed 14619.89
KBps
14096 14120 14026 13967 13936
IP Addresses 1350900.00
IP
1628765 1672729 1709140 1749660 2108815
Mining Production -6.60
percent
-3.03 -1.31 -0.28 0.34 1.35
Bankruptcies 2970.00
Companies
2813 2824 2834 2844 2956
Competitiveness Index 67.12
Points
67.62 67.62 67.62 67.62 70.12
Competitiveness Rank 40.00
40 40 40 40 40
Ease of Doing Business 14.00
16 16 16 16 14
Electricity Production 299.00
Gigawatt-hour
311 288 285 288 288
Corruption Index 59.00
Points
59 59 59 59 59
Corruption Rank 38.00
38 38 38 38 38
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence -5.00
Index Points
-5.62 -5.93 -5.69 -5.75 -5.75
Retail Sales MoM -8.80
percent
0.5 1.2 1.5 1.9 1.5
Retail Sales YoY 6.60
percent
5.4 5.5 5.1 5 4
Consumer Spending 6190.21
EUR Million
6374 5886 6357 6345 6723
Personal Savings -0.48
percent
3.04 3.24 3.44 3.63 2.37
Private Sector Credit 18242.60
EUR Million
18223 18170 18127 18091 17949
Households Debt To GDP 22.47
percent of GDP
22.77 22.9 23.03 23.15 23.94
Households Debt To Income 36.18
percent
36.39 36.42 36.45 36.48 36.42
Gasoline Prices 1.37
USD/Liter
1.35 1.33 1.3 1.28 1.18
Consumer Credit 689.60
EUR Million
699 709 717 724 757
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 123.00
Index points
121 118 114 111 96.29
Home Ownership Rate 89.70
percent
92.03 91.87 91.72 91.56 91.92
Building Permits 1454.00
1763 1763 1763 1763 1763
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 15.00
percent
15 15 15 15 15
Personal Income Tax Rate 15.00
percent
15 15 15 15 15
Sales Tax Rate 21.00
percent
21 21 21 21 21
Social Security Rate 41.98
percent
41.98 41.98 41.98 41.98 41.98
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 17.87
celsius
1.26 -3.89 9.74 6.79 6.05



Lithuania - Economic Forecasts - 2018-2020 Outlook