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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.90 0.6 0.7 0.9 0.8 0.6 percent
Unemployment Rate 8.20 7.1 8.2 8.2 8.2 7.2 percent
Inflation Rate 2.10 2.7 2.7 2.6 2.5 2.4 percent
Interest Rate 0.00 0 0 0 0 0.75 percent
Balance of Trade -120.90 -160 -30 -100 -150 -40 EUR Million
Government Debt to GDP 39.70 36.2 36.2 38.4 38.4 37.1 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.17
1.16 1.15 1.15 1.14 1.12
Stock Market 686.61
points
699 693 686 680 655
Government Bond 10y 1.20
percent
1.25 1.3 1.36 1.41 1.66
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.90
percent
0.6 0.7 0.9 0.8 0.6
GDP Annual Growth Rate 3.80
percent
3 2.9 2.8 2.7 2.8
GDP 47.17
USD Billion
47 47 49 49 52
GDP Constant Prices 9259.30
EUR Million
9109 9359 9427 9509 9871
Gross National Product 40334.10
EUR Million
37700 41504 41463 41423 43775
Gross Fixed Capital Formation 1949.60
EUR Million
1925 2098 1584 2002 2212
GDP per capita 16793.25
USD
17500 17500 18000 18000 18700
GDP per capita PPP 29524.26
USD
30000 30000 30900 30900 31000
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 8.20
percent
7.1 8.2 8.2 8.2 7.2
Employed Persons 1370.90
Thousand
1358 1352 1349 1355 1353
Unemployed Persons 142.66
Thousand
144 144 144 144 144
Labor Force Participation Rate 60.80
percent
60.99 61.02 61.13 61.24 61.82
Long Term Unemployment Rate 2.50
percent
2.34 2.34 2.32 2.3 2.26
Youth Unemployment Rate 12.40
percent
12.25 12.01 12.1 11.99 11.94
Labour Costs 147.90
Index Points
152 155 158 161 173
Job Vacancies 19185.00
20298 19311 20115 19314 19448
Wages 926.70
EUR/Month
910 930 940 1000 1050
Wages in Manufacturing 926.70
EUR/Month
910 915 960 1000 990
Minimum Wages 400.00
EUR/Month
400 400 430 430 450
Population 2.81
Million
2.81 2.81 2.79 2.77 2.75
Retirement Age Women 62.33
62.33 62.33 62.67 63 63
Retirement Age Men 63.67
63.67 63.67 63.83 64 64
Productivity 120.00
Index Points
131 126 118 122 129
Part Time Employment 96.20
Thousand
92.69 92.73 94.57 94.85 94
Full Time Employment 1199.80
Thousand
1223 1217 1206 1212 1217
Employment Change 0.70
percent
0.13 0.01 0.13 0.18 0.19
Employment Rate 70.60
percent
71.79 71.62 71.38 71.86 72.3
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.10
percent
2.7 2.7 2.6 2.5 2.4
Inflation Rate Mom -0.40
percent
0.3 0.2 0.4 0.3 0.3
Harmonised Consumer Prices 106.37
Index Points
108 109 109 110 114
Consumer Price Index CPI 106.80
Index Points
108 109 109 110 114
Core Consumer Prices 106.32
Index Points
107 107 107 108 108
Core Inflation Rate 1.40
percent
1.41 1.2 1.07 1 0.89
GDP Deflator 122.26
Index Points
120 122 120 123 123
Producer Prices 108.60
Index Points
109 112 110 114 122
Export Prices 103.50
Index Points
106 106 108 107 105
Import Prices 105.30
Index Points
107 107 107 106 106
Producer Prices Change 9.30
percent
8.9 8.6 7.7 6.5 3.2
Food Inflation 0.40
percent
2.9 3.3 3.2 2.8 2.8
Cpi Housing Utilities 100.83
Index Points
101 101 102 102 103
Cpi Transportation 108.54
Index Points
108 108 108 108 109
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent
0 0 0 0 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 6094.30
EUR Million
6076 6066 6062 6060 6059
Money Supply M1 16248.30
EUR Million
16488 16945 17389 17821 21475
Money Supply M2 25982.00
EUR Million
26248 26653 27057 27458 31370
Money Supply M3 25979.50
EUR Million
26243 26645 27043 27438 31294
Foreign Exchange Reserves 4057.00
USD Million
4485 4423 4408 4407 4408
Banks Balance Sheet 28755.10
EUR Million
28910 29128 29356 29567 31015
Loans to Private Sector 8937.70
EUR Million
9172 9323 9439 9528 9766
Central Bank Balance Sheet 18935.90
EUR Million
19680 20258 20892 21538 27666
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -120.90
EUR Million
-160 -30 -100 -150 -40
Exports 2399.20
EUR Million
2510 2560 2690 2590 2980
Imports 2520.20
EUR Million
2670 2590 2790 2740 3020
Current Account 112.30
EUR Million
150 180 -80 120 190
Current Account to GDP -0.90
percent
-1.6 -1.4 -1.2 -1.2 -1
External Debt 34838.30
EUR Million
35326 35726 35911 36154 37270
Capital Flows 327.10
EUR Million
131 134 135 135 135
Remittances 275.90
EUR Million
282 286 279 288 287
Gold Reserves 5.80
Tonnes
5.79 5.79 5.78 5.78 5.78
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 436.19
EUR Million
221 161 169 168 163
Crude Oil Production 2.00
BBL/D/1K
2 2 2 2 2
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 39.70
percent
36.2 36.2 38.4 38.4 37.1
Government Budget 0.50
percent of GDP
0.8 0.8 -2.17 -2.46 0.7
Government Budget Value 36.80
EUR Million
-177 -37.98 -112 -203 -136
Government Spending 1504.60
EUR Million
1362 1455 1613 1545 1535
Government Spending to GDP 33.30
percent
36.18 36.09 36.39 36.7 39.42
Government Revenues 2122.20
EUR Million
2283 2469 2358 2270 2336
Government Debt 14811.10
EUR Million
14831 14821 14822 14822 14822
Fiscal Expenditure 2237.00
EUR Million
2460 2478 2470 2474 2472
Military Expenditure 772.70
USD Million
824 853 862 871 818
Asylum Applications 50.00
persons
29.69 30.77 30.77 30.72 30.71
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 0.90
Index Points
0.83 0.99 0.94 1 0.98
Industrial Production 3.30
percent
5.7 6.5 5.4 4.96 3.9
Industrial Production Mom -0.30
percent
-0.51 1.4 0.5 0.43 0.6
Manufacturing Production 4.60
percent
5.95 5.62 5.83 5.81 5.83
Capacity Utilization 77.20
percent
77.45 77.4 77.31 77.26 77.15
Changes in Inventories -212.30
EUR Million
242 -210 241 -209 -200
Car Registrations 3221.00
2933 2969 2941 2946 2950
Internet Speed 14619.89
KBps
13984 14096 14120 14026 13936
IP Addresses 1350900.00
IP
1574483 1628765 1672729 1709140 2108815
Mining Production -0.30
percent
-2.18 -0.63 0.13 0.6 1.34
Bankruptcies 2970.00
Companies
2857 2813 2824 2834 2956
Competitiveness Index 4.58
Points
4.6 4.6 4.58 4.57 4.57
Competitiveness Rank 41.00
37 37 40 41 41
Ease of Doing Business 16.00
17 17 17 17 15
Electricity Production 190.00
Gigawatt-hour
307 311 308 308 308
Corruption Index 59.00
Points
60 60 60 59 59
Corruption Rank 38.00
37 36 36 36 36
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence -3.00
Index Points
-2.8 -2.55 -2.74 -2.7 -2.7
Retail Sales MoM 2.50
percent
-7.2 18.1 12.5 -2.2 15.1
Retail Sales YoY 7.30
percent
7.9 5.4 5.5 5.1 4
Consumer Spending 6190.21
EUR Million
6195 6374 5869 6357 6723
Personal Savings -0.48
percent
2.79 3.04 3.24 3.44 2.37
Private Sector Credit 18249.80
EUR Million
18586 18923 19214 19462 20561
Households Debt To Gdp 22.35
percent of GDP
22.29 22.24 22.18 22.14 21.8
Households Debt To Income 35.59
percent
36.47 36.46 36.56 36.66 37.24
Gasoline Prices 1.44
USD/Liter
1.47 1.39 1.31 1.24 0.98
Consumer Credit 678.50
EUR Million
684 691 699 705 738
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 119.78
Index points
117 115 111 108 96.74
Home Ownership Rate 89.70
percent
89.79 89.85 90.39 90.94 91.91
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 42 42 42
Social Security Rate For Companies 30.98
percent
30.97 30.97 30.97 30.97 30.97
Social Security Rate For Employees 11.00
percent
11 11 11 11 11
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 17.87
celsius
15.41 1.26 -3.89 9.74 6.05