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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.50 0.6 0.6 0.7 0.6 0.5 percent
Unemployment Rate 9.00 8.2 7.3 7.1 8.2 7.2 percent
Inflation Rate 4.00 3.8 3.6 3.2 2.6 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -68.80 -136 -148 -154 -159 -183 EUR Million
Government Debt to GDP 40.20 38.2 38.2 38.2 38.2 36.6 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.24
1.21 1.19 1.17 1.15 1.07
Stock Market 674.29
points
657 647 637 627 554
Government Bond 10y 1.25
percent
1.35 1.52 1.71 1.93 3.11
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 1.50
percent
0.6 0.6 0.7 0.6 0.5
GDP Annual Growth Rate 3.90
percent
3.2 3 2.8 2.7 2.4
GDP 42.74
USD Billion
40.87 42.15 43.42 46.25 52.12
GDP Constant Prices 9099.50
EUR Million
9109 9099 9068 9008 8097
Gross National Product 37143.30
EUR Million
36236 36829 37422 38015 37144
Gross Fixed Capital Formation 1896.40
EUR Million
1508 1627 1760 1768 1612
GDP per capita 15872.72
USD
16840 16840 16840 16840 17760
GDP per capita PPP 27904.10
USD
27304 27579 27853 28127 25824
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 9.00
percent
8.2 7.3 7.1 8.2 7.2
Employed Persons 1352.30
Thousand
1357 1362 1361 1361 1373
Unemployed Persons 158.50
Thousand
161 159 158 157 151
Labor Force Participation Rate 60.60
percent
60.45 60.52 60.47 60.43 60.3
Long Term Unemployment Rate 2.50
percent
2.77 3 3.26 3.53 5.3
Youth Unemployment Rate 13.10
percent
13.25 13.4 13.54 13.68 15.17
Labour Costs 136.20
Index Points
139 139 140 140 134
Job Vacancies 20414.00
16648 14605 14648 13662 12541
Wages 850.80
EUR/Month
863 866 867 867 840
Wages in Manufacturing 850.80
EUR/Month
863 866 867 867 840
Minimum Wages 400.00
EUR/Month
400 400 400 400 450
Population 2.85
Million
2.81 2.81 2.81 2.81 2.75
Retirement Age Women 62.20
62 62 62 62 61
Retirement Age Men 63.60
64 64 64 64 63
Productivity 122.60
Index Points
109 114 126 123 122
Part Time Employment 88.20
Thousand
102 104 102 102 112
Full Time Employment 1223.20
Thousand
1205 1213 1219 1217 1227
Employment Change -0.50
percent
-0.18 -0.02 -0.12 -0.1 -0.09
Employment Rate 70.90
percent
69.39 69.95 69.65 68.95 67.17
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.00
percent
3.8 3.6 3.2 2.6 2.4
Inflation Rate Mom 0.30
percent
0.19 0.2 0.2 0.2 0.2
Harmonised Consumer Prices 105.87
Index Points
106 106 106 106 105
Consumer Price Index CPI 106.40
Index Points
98.99 91.33 86.8 84.05 77.87
Core Consumer Prices 105.46
Index Points
105 105 105 105 105
Core Inflation Rate 2.60
percent
2.42 2.43 2.49 2.57 3.37
GDP Deflator 116.79
Index Points
116 116 115 116 113
Producer Prices 101.60
Index Points
111 111 99.58 114 126
Export Prices 102.80
Index Points
102 101 101 101 102
Import Prices 102.30
Index Points
101 100 100 100 101
Producer Prices Change 3.10
percent
5.1 5.1 3 3.6 2.5
Food Inflation 3.40
percent
4.2 3.6 3.2 3 2.2
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.33
percent
-0.14 0.15 0.37 0.6 2.45
Money Supply M0 5995.50
EUR Million
5932 5900 5866 5833 5453
Money Supply M1 15361.10
EUR Million
15707 15817 15841 15837 15655
Money Supply M2 24974.30
EUR Million
25231 25261 25248 25226 24955
Money Supply M3 24971.80
EUR Million
25230 25262 25249 25227 24953
Foreign Exchange Reserves 3393.40
USD Million
3543 3510 3503 3500 3483
Banks Balance Sheet 27822.30
EUR Million
27742 27689 27644 27599 27082
Loans to Private Sector 8288.50
EUR Million
8156 8044 7952 7876 7366
Central Bank Balance Sheet 18706.00
EUR Million
19519 19744 19783 19766 19288
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -68.80
EUR Million
-136 -148 -154 -159 -183
Exports 2358.70
EUR Million
2356 2341 2329 2317 2181
Imports 2427.50
EUR Million
2462 2440 2423 2406 2226
Current Account 333.70
EUR Million
-72 152 32 -140 -80
Current Account to GDP -0.90
percent
-1.6 -1.6 -1.6 -1.4 -1
External Debt 33611.00
EUR Million
33709 33663 33605 33495 31340
Capital Flows 311.40
EUR Million
90.88 60.73 42.29 34.36 27.82
Remittances 278.47
EUR Million
267 266 265 263 243
Gold Reserves 5.82
Tonnes
5.81 5.81 5.81 5.81 5.81
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 137.49
EUR Million
176 175 177 177 177
Crude Oil Production 2.00
BBL/D/1K
2.09 2.13 2.18 2.22 2.5
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 40.20
percent
38.2 38.2 38.2 38.2 36.6
Government Budget 0.30
percent of GDP
0.8 0.8 0.8 0.8 0.7
Government Budget Value -26.70
EUR Million
-19.74 -17.3 -19.7 -84.6 -132
Government Spending 1346.80
EUR Million
1559 1503 1350 1406 1386
Government Spending to GDP 34.20
percent
36.89 36.9 36.91 36.91 38.65
Government Revenues 2122.20
EUR Million
2394 2305 2296 2336 2284
Government Debt 16084.00
EUR Million
16053 16018 15984 15949 15545
Fiscal Expenditure 2237.00
EUR Million
2331 2567 2229 3393 3054
Military Expenditure 634.00
USD Million
569 612 656 699 545
Asylum Applications 35.00
persons
30.93 31.11 31.23 31.27 31.25
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Business Confidence -7.20
Index Points
-6.35 -6.91 -6.98 -7.08 -7.3
Industrial Production 7.60
percent
5.64 4.94 4.51 2.6 2
Industrial Production Mom -2.60
percent
0.96 0.25 0.53 1.4 0.6
Manufacturing Production 8.30
percent
6.36 5.43 5 4.71 4.28
Capacity Utilization 77.80
percent
77.31 77.6 77.4 77.17 73.14
Changes in Inventories 379.90
EUR Million
76.07 -314 272 -200 -69.31
Car Registrations 2111.00
1953 1889 1812 1740 1315
Internet Speed 14619.89
KBps
13886 13715 13573 13382 11426
IP Addresses 1350900.00
IP
1459870 1469495 1470557 1470284 1365249
Mining Production 34.10
percent
17.88 12.1 8.2 5.77 1.66
Bankruptcies 2723.00
companies
2275 2478 2681 2883 2434
Competitiveness Index 4.58
Points
4.57 4.57 4.57 4.57 4.44
Competitiveness Rank 41.00
41 41 41 41 43
Ease of Doing Business 16.00
21 20 19 19 21
Electricity Production 371.00
Gigawatt-hour
423 454 479 499 576
Corruption Index 59.00
Points
60 59 58 57 52
Corruption Rank 38.00
37 40 43 46 50
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence -8.00
Index Points
-8.13 -8.97 -9.83 -10.6 -14.94
Retail Sales MoM 19.10
percent
2.7 -0.36 0.98 0.95 0.94
Retail Sales YoY 4.30
percent
4.94 5.16 5.28 5.36 5.71
Consumer Spending 6094.00
EUR Million
5829 5836 5902 5905 5671
Personal Savings -0.48
percent
2.28 2.53 2.79 3.04 2.37
Private Sector Credit 17213.50
EUR Million
17087 16941 16791 16640 14938
Households Debt To Gdp 22.61
percent of GDP
22.49 22.32 22.1 21.84 16.76
Households Debt To Income 35.59
percent
35.56 35.36 35.15 34.95 28.02
Gasoline Prices 1.42
USD/Liter
1.45 1.45 1.45 1.44 1.37
Consumer Credit 629.50
EUR Million
622 617 614 611 586
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 116.66
Index points
114 111 108 104 99.97
Home Ownership Rate 90.30
percent
89.68 89.74 89.79 89.85 91.91
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 15.00
percent
16 16 16 16 15
Personal Income Tax Rate 15.00
percent
16 16 16 16 17
Sales Tax Rate 21.00
percent
21 21 21 21 20
Social Security Rate 41.98
percent
42 42 42 42 40
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
10.53 10.53 10.53 10.53 9.4
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 17.87
celsius
-3.88 10.92 15.41 1.26 6.05