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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.40 0.7 0.7 0.6 0.6 0.5 percent [+]
Unemployment Rate 7.90 7.5 7.3 8.6 9.1 7.2 percent [+]
Inflation Rate 3.50 2.9 2.8 2.5 2.4 2.4 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -235.30 -223 -221 -221 -221 -221 EUR Million [+]
Government Debt to GDP 40.20 40.99 40.37 39.75 39.75 39.39 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.12 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 583.74 560 554 537 543 452 points [+]
Government Bond 10y 0.75 0.81 0.82 0.82 0.83 0.96 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.40 0.7 0.7 0.6 0.6 0.5 percent [+]
GDP Annual Growth Rate 3.80 3.2 3.4 3.2 2.7 2.4 percent [+]
GDP 41.17 42.85 41.39 43.85 40.25 52.12 USD Billion [+]
GDP Constant Prices 8847.60 8906 8955 8994 9020 9082 EUR Million [+]
Gross National Product 9735.00 9380 9792 9686 9328 9570 EUR Million [+]
Gross Fixed Capital Formation 1839.60 1840 1668 1840 1668 1840 EUR Million [+]
GDP per capita 15346.82 15579 15667 15755 15875 17662 USD [+]
GDP per capita PPP 26970.88 27088 27049 27009 27086 27454 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 7.90 7.5 7.3 8.6 9.1 7.2 percent [+]
Employed Persons 1345.30 1353 1357 1351 1343 1347 Thousand [+]
Unemployed Persons 141.20 135 136 137 137 137 Thousand [+]
Labor Force Participation Rate 60.40 60.92 61.02 61.05 61.18 62.33 percent [+]
Long Term Unemployment Rate 2.80 2.76 2.69 2.67 2.65 2.62 percent [+]
Youth Unemployment Rate 15.30 14.88 15.05 14.86 14.93 14.89 percent [+]
Labour Costs 129.70 136 139 141 143 148 Index Points [+]
Job Vacancies 20710.00 20379 20883 19576 23279 23304 [+]
Wages 817.60 834 845 868 865 943 EUR/Month [+]
Wages in Manufacturing 817.60 834 845 868 865 943 EUR/Month [+]
Minimum Wages 380.00 350 383 370 386 400 EUR/Month [+]
Population 2.89 2.87 2.87 2.86 2.85 2.79 Million [+]
Retirement Age Women 62.20 62.13 62.13 62.13 62.32 62.39 [+]
Retirement Age Men 63.60 63.58 63.58 63.58 63.67 63.71 [+]
Employment Change -0.20 0.56 0.27 0.05 0.06 0.19 percent [+]
Employment Rate 69.70 70.64 70.93 70.62 70.68 71.55 percent [+]
Full Time Employment 1222.20 1228 1239 1227 1220 1230 Thousand [+]
Productivity 107.00 111 123 117 108 119 Index Points [+]
Part Time Employment 91.50 94.67 91.14 92.18 93.66 92.9 Thousand [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 3.50 2.9 2.8 2.5 2.4 2.4 percent [+]
Inflation Rate Mom 1.00 0.51 0.35 0.59 0.48 0.5 percent [+]
Harmonised Consumer Prices 104.64 105 106 107 108 116 Index Points [+]
Consumer Price Index CPI 112.80 114 115 117 118 127 Index Points [+]
Core Consumer Prices 104.37 105 105 106 107 113 Index Points [+]
Core Inflation Rate 2.60 2.76 3.24 3.5 3.67 3.93 percent [+]
GDP Deflator 113.63 114 112 114 112 114 Index Points [+]
Producer Prices 101.70 105 107 109 111 126 Index Points [+]
Export Prices 109.10 112 111 109 105 104 Index Points [+]
Import Prices 108.20 111 110 108 105 104 Index Points [+]
Food Inflation 2.00 -0.56 -4.77 -8.1 -12.16 -50.14 percent [+]
Producer Prices Change 7.20 11.2 9.7 7.6 5.1 2.5 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.32 -0.32 -0.32 -0.32 -0.32 percent [+]
Money Supply M0 5697.30 5691 5688 5687 5686 5686 EUR Million [+]
Money Supply M1 13789.30 14215 14561 14885 15194 17688 EUR Million [+]
Money Supply M2 23272.30 23627 23985 24340 24694 28474 EUR Million [+]
Money Supply M3 23272.30 23614 23964 24312 24657 28352 EUR Million [+]
Foreign Exchange Reserves 1603.20 1778 1718 1714 1713 1713 USD Million [+]
Banks Balance Sheet 27124.50 27353 27558 27748 27925 29197 EUR Million [+]
Loans to Private Sector 8315.90 8377 8433 8483 8528 8801 EUR Million [+]
Central Bank Balance Sheet 14631.40 15422 15964 16553 17157 23386 EUR Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -235.30 -223 -221 -221 -221 -221 EUR Million [+]
Exports 2250.00 2152 2137 2136 2135 2135 EUR Million [+]
Imports 2485.30 2344 2356 2347 2352 2352 EUR Million [+]
Current Account -57.30 -33.59 -31.6 -31.7 -31.76 -31.76 EUR Million [+]
Current Account to GDP -2.50 -1.8 -1.75 -3.02 -2.43 -1.53 percent [+]
External Debt 33367.70 35054 35721 36296 36836 39688 EUR Million [+]
Capital Flows 389.40 144 136 137 138 138 EUR Million [+]
Remittances 273.85 282 275 290 271 286 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 314.74 171 106 115 104 103 EUR Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 40.20 40.99 40.37 39.75 39.75 39.39 percent [+]
Government Budget 0.30 -1 -1.88 -0.6 -2.24 0.7 percent of GDP [+]
Government Budget Value -183.40 -82.49 73.86 -135 22.52 -67.69 EUR Million [+]
Government Spending 1410.10 1516 1345 1404 1551 1395 EUR Million [+]
Government Spending to GDP 34.20 36.8 36.79 36.78 37.07 39.44 percent [+]
Government Revenues 2309.80 2419 2393 2458 2490 2512 EUR Million [+]
Government Debt 14591.20 14608 14592 14602 14596 14598 EUR Million [+]
Fiscal Expenditure 3767.40 3764 3116 3762 3119 3745 EUR Million [+]
Asylum Applications 15.00 29.69 30.19 30.26 30.26 30.27 persons [+]
Military Expenditure 566.40 539 576 613 616 529 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence -3.50 -4.97 -4.01 -4.26 -4.15 -4.18 [+]
Industrial Production 4.00 1.8 -0.6 2.7 4.96 2 percent [+]
Industrial Production Mom -0.60 0.6 -1.6 0.8 0.57 0.6 percent [+]
Manufacturing Production 4.70 6.64 5.44 5.89 5.68 5.74 percent [+]
Capacity Utilization 77.40 76.52 77.66 77.91 78.07 77.85 percent [+]
Changes in Inventories -668.40 -446 -53.81 -581 -380 -471 EUR Million [+]
Car Registrations 2254.00 2140 2101 2091 2075 2066 Cars [+]
Bankruptcies 1970.00 1857 1963 2069 2028 1960 companies [+]
Competitiveness Index 4.60 4.55 4.55 4.55 4.6 4.6 Points [+]
Competitiveness Rank 35.00 36 36 36 35 35 [+]
Ease of Doing Business 21.00 18 17 15 15 15 [+]
Electricity Production 344.00 346 352 350 350 350 Gigawatt-hour [+]
Corruption Index 59.00 60 59 59 59 59 Points [+]
Corruption Rank 38.00 40 43 46 47 52 [+]
Mining Production 4.60 5.86 5.89 5.89 5.89 5.89 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence -11.00 -10.89 -11.09 -10.96 -10.98 -10.98 [+]
Retail Sales MoM -1.10 -10.11 -5.44 4.16 1.69 -0.23 percent [+]
Retail Sales YoY 3.80 3.81 3.55 3.53 3.53 3.53 percent [+]
Consumer Spending 6070.80 6028 6222 6214 5880 6311 EUR Million [+]
Personal Savings -1.85 0.47 0.23 0 0.23 1.8 percent [+]
Private Sector Credit 16750.10 16935 17104 17258 17398 18312 EUR Million [+]
Consumer Credit 730.40 739 749 757 765 804 EUR Million [+]
Gasoline Prices 1.22 1.25 1.25 1.25 1.25 1.25 USD/Liter [+]
Households Debt To Gdp 22.70 23.23 23.39 23.55 23.71 24.93 percent of GDP [+]
Households Debt To Income 35.82 35.8 36.5 37.2 37.61 40.96 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 129.96 132 132 132 132 132 Index points [+]
Home Ownership Rate 89.40 90.2 89.72 89.24 89.27 89.27 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 15.00 15.5 15.5 15.5 15.5 15.47 percent [+]
Personal Income Tax Rate 15.00 15.07 15.05 15.04 15.04 15.1 percent [+]
Sales Tax Rate 21.00 21 21 21 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 30.82 30.81 30.81 30.84 percent [+]
Social Security Rate For Employees 9.00 9 9 9 9 9 percent [+]