Lithuania | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.60 0.7 0.6 0.6 0.6 0.5 percent [+]
Unemployment Rate 7.50 7.3 8.6 8.2 7.3 7.2 percent [+]
Inflation Rate 4.40 2.5 2.6 2.4 2.3 2.4 percent [+]
Interest Rate 0.00 0 0 0.25 0.25 0.5 percent [+]
Balance of Trade -297.60 -197 -209 -208 -205 -194 EUR Million [+]
Government Debt to GDP 40.20 38.9 38.9 38.2 38.2 36.6 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 1.19 1.19 1.18 1.16 1.15 1.02 [+]
Stock Market 645.57 596 590 584 578 511 points [+]
Government Bond 10y 0.75 0.81 0.82 0.82 0.83 0.92 percent [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.60 0.7 0.6 0.6 0.6 0.5 percent [+]
GDP Annual Growth Rate 4.00 3.4 3.2 2.8 2.7 2.4 percent [+]
GDP 42.74 44.5 43.85 45.06 44.25 52.12 USD Billion [+]
GDP Constant Prices 8893.80 8927 8937 8928 8910 8737 EUR Million [+]
Gross National Product 9735.00 9792 9686 9328 9463 9570 EUR Million [+]
Gross Fixed Capital Formation 1775.20 1739 1768 1496 1632 1612 EUR Million [+]
GDP per capita 15872.72 16224 16382 16497 16611 17769 USD [+]
GDP per capita PPP 27904.10 28356 28756 28806 28856 29375 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 7.50 7.3 8.6 8.2 7.3 7.2 percent [+]
Employed Persons 1362.80 1357 1351 1343 1347 1347 Thousand [+]
Unemployed Persons 132.51 135 137 136 136 136 Thousand [+]
Labor Force Participation Rate 60.30 60.88 60.87 60.9 61.07 61.92 percent [+]
Long Term Unemployment Rate 2.90 2.91 2.9 2.91 2.92 2.92 percent [+]
Youth Unemployment Rate 14.20 15.31 14.26 14.94 15.06 15.39 percent [+]
Labour Costs 135.10 137 140 141 143 146 Index Points [+]
Job Vacancies 19761.00 20209 18914 22612 20922 22030 [+]
Wages 838.70 852 875 873 889 965 EUR/Month [+]
Wages in Manufacturing 838.70 852 875 873 889 965 EUR/Month [+]
Minimum Wages 380.00 383 370 386 386 400 EUR/Month [+]
Population 2.85 2.85 2.85 2.81 2.81 2.75 Million [+]
Retirement Age Women 62.20 62.13 62.13 62.27 62.32 62.39 [+]
Retirement Age Men 63.60 63.58 63.58 63.65 63.67 63.71 [+]
Employment Change 0.50 0.14 -0.06 -0.11 -0.12 -0.01 percent [+]
Employment Rate 69.00 70.14 69.78 69.31 69.72 69.88 percent [+]
Full Time Employment 1184.70 1217 1206 1182 1189 1196 Thousand [+]
Productivity 115.50 126 120 110 118 123 Index Points [+]
Part Time Employment 109.80 97.55 98.42 103 103 101 Thousand [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 4.40 2.5 2.6 2.4 2.3 2.4 percent [+]
Inflation Rate Mom 0.00 0.27 1.12 1.45 1.76 2.41 percent [+]
Harmonised Consumer Prices 104.45 105 106 106 107 112 Index Points [+]
Consumer Price Index CPI 112.50 112 112 112 112 110 Index Points [+]
Core Consumer Prices 104.87 105 106 107 108 114 Index Points [+]
Core Inflation Rate 3.60 3.81 4.29 4.58 4.75 5.05 percent [+]
GDP Deflator 117.67 116 117 115 116 113 Index Points [+]
Producer Prices 99.60 107 109 111 111 126 Index Points [+]
Export Prices 104.40 99.47 97.34 93.07 92.65 96.84 Index Points [+]
Import Prices 102.70 98.86 96.02 92.56 92.76 96.17 Index Points [+]
Food Inflation 2.90 3.69 4.99 6.07 7.32 18.31 percent [+]
Producer Prices Change 3.90 9.7 7.6 5.1 5.1 2.5 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 0.00 0 0 0.25 0.25 0.5 percent [+]
Interbank Rate -0.33 -0.25 0.08 0.32 0.56 2.27 percent [+]
Money Supply M0 5833.60 5799 5763 5726 5691 5349 EUR Million [+]
Money Supply M1 14107.70 14254 14494 14729 14950 16539 EUR Million [+]
Money Supply M2 23675.90 23708 23724 23706 23684 23457 EUR Million [+]
Money Supply M3 23675.90 23907 24254 24597 24938 28261 EUR Million [+]
Foreign Exchange Reserves 1314.40 1245 1284 1296 1297 1297 USD Million [+]
Banks Balance Sheet 27617.20 27865 28105 28327 28533 29923 EUR Million [+]
Loans to Private Sector 8374.30 8415 8468 8515 8557 8796 EUR Million [+]
Central Bank Balance Sheet 14794.30 14732 14700 14693 14683 14681 EUR Million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -297.60 -197 -209 -208 -205 -194 EUR Million [+]
Exports 2032.40 2043 2043 2031 2018 1903 EUR Million [+]
Imports 2329.90 2344 2323 2305 2288 2132 EUR Million [+]
Current Account -65.50 25 -164 -72 152 -80 EUR Million [+]
Current Account to GDP -0.90 -1.8 -1.8 -1.6 -1.6 -1 percent [+]
External Debt 33131.80 33862 34328 34483 34751 35936 EUR Million [+]
Capital Flows 152.90 83.68 89.79 90.02 90.04 90.04 EUR Million [+]
Remittances 267.72 277 283 273 288 285 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 314.74 106 115 104 104 103 EUR Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 40.20 38.9 38.9 38.2 38.2 36.6 percent [+]
Government Budget 0.30 -1.88 -0.6 -2.24 -2.56 0.7 percent of GDP [+]
Government Budget Value 48.70 10.2 -158 -19.8 -26.15 -149 EUR Million [+]
Government Spending 1505.00 1358 1434 1575 1511 1431 EUR Million [+]
Government Spending to GDP 34.20 36.79 36.78 37.07 37.36 39.44 percent [+]
Government Revenues 2677.60 2511 2639 2726 2608 2757 EUR Million [+]
Government Debt 16050.50 16051 16015 15977 15940 15575 EUR Million [+]
Fiscal Expenditure 2247.00 2440 3294 2576 3179 2952 EUR Million [+]
Asylum Applications 85.00 45.48 40.92 40.72 40.69 40.6 persons [+]
Military Expenditure 634.00 671 716 725 734 696 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Business Confidence 1.40 0.57 -0.36 -0.05 -0.14 -0.12 [+]
Industrial Production 13.10 -0.6 2.7 5.7 5.76 2 percent [+]
Industrial Production Mom 3.20 -1.6 0.8 0.49 0.39 0.6 percent [+]
Manufacturing Production 13.00 5.09 5.75 5.53 5.63 5.62 percent [+]
Capacity Utilization 77.60 77.66 77.84 77.99 78.01 77.75 percent [+]
Changes in Inventories -385.90 215 -370 46.48 -281 -87.76 EUR Million [+]
Car Registrations 2087.00 2563 2524 2511 2506 2509 Cars [+]
Bankruptcies 2723.00 2857 3078 3057 3036 3009 companies [+]
Competitiveness Index 4.60 4.55 4.55 4.59 4.6 4.6 Points [+]
Competitiveness Rank 35.00 36 36 35 35 35 [+]
Ease of Doing Business 21.00 17 15 15 15 15 [+]
Electricity Production 264.00 337 339 337 336 337 Gigawatt-hour [+]
Corruption Index 59.00 59 59 59 59 59 Points [+]
Corruption Rank 38.00 43 46 47 47 52 [+]
Mining Production 51.60 23.73 23.18 23.23 23.23 23.23 percent [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Confidence -9.00 -8.99 -9.1 -9.91 -10.69 -14.78 [+]
Retail Sales MoM 2.30 0.97 0.92 1.02 0.92 0.92 percent [+]
Retail Sales YoY 2.90 2.87 2.78 2.77 2.77 2.77 percent [+]
Consumer Spending 5951.30 6137 6169 5773 6054 6217 EUR Million [+]
Personal Savings -1.85 0.23 0 0.23 0.46 1.8 percent [+]
Private Sector Credit 17067.40 17224 17398 17516 17586 16949 EUR Million [+]
Consumer Credit 705.40 705 702 698 693 654 EUR Million [+]
Gasoline Prices 1.29 1.28 1.29 1.28 1.28 1.23 USD/Liter [+]
Households Debt To Gdp 22.70 23.39 23.55 23.71 23.84 24.93 percent of GDP [+]
Households Debt To Income 35.82 36.5 37.2 37.61 38.02 40.96 percent [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Housing Index 111.07 110 108 106 103 97.24 Index points [+]
Home Ownership Rate 89.40 89.72 89.24 89.27 89.31 89.27 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 15.00 15.5 15.5 15.5 15.5 15.47 percent [+]
Personal Income Tax Rate 15.00 15.05 15.04 15.04 15.05 15.1 percent [+]
Sales Tax Rate 21.00 21 21 20.99 20.99 20.99 percent [+]
Social Security Rate 39.80 39.8 39.8 39.8 39.8 39.8 percent [+]
Social Security Rate For Companies 30.80 30.82 30.81 30.81 30.82 30.84 percent [+]
Social Security Rate For Employees 9.00 9 9 9 9 9 percent [+]