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 8.30 7.1 8.2 8.6 8.6 7.2 percent
Inflation Rate 2.60 2.7 2.7 2.6 2.5 2.4 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -361.00 -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
1.14 1.13 1.11 1.09 1.02
Stock Market 714.53
points
688 668 649 631 562
Government Bond 10y 1.15
percent
1.18 1.33 1.49 1.68 2.68
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 3.70
percent
3 2.9 2.8 2.7 2.8
GDP 47.17
USD Billion
47 47 49 49 52
GDP Constant Prices 9170.70
EUR Million
9109 9359 9427 9166 9871
Gross National Product 40334.10
EUR Million
37700 41504 41463 38146 43775
Gross Fixed Capital Formation 1540.50
EUR Million
1925 2098 1584 1853 2212
GDP per capita 16793.25
USD
16540 16540 17290 17290 17760
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 8.30
percent
7.1 8.2 8.6 8.6 7.2
Employed Persons 1347.10
Thousand
1358 1352 1349 1355 1353
Unemployed Persons 143.08
Thousand
151 152 151 151 151
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 12.20
percent
12.62 12.37 12.56 12.51 12.55
Labour Costs 143.70
Index Points
150 152 154 156 163
Job Vacancies 20110.00
19202 18138 18975 17613 17536
Wages 895.20
EUR/Month
910 930 940 978 1050
Wages in Manufacturing 895.20
EUR/Month
910 915 960 978 990
Minimum Wages 400.00
EUR/Month
400 400 430 411 450
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 114.90
Index Points
133 127 119 125 131
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 0.00
percent
0.02 -0.18 -0.09 -0.07 -0.08
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 2.60
percent
2.7 2.7 2.6 2.5 2.4
Inflation Rate Mom 0.00
percent
0.28 0.25 0.25 0.25 0.25
Harmonised Consumer Prices 107.33
Index Points
108 109 109 110 114
Consumer Price Index CPI 107.70
Index Points
108 109 109 110 114
Core Consumer Prices 107.07
Index Points
107 107 107 109 110
Core Inflation Rate 1.80
percent
1.62 1.48 1.4 1.36 1.29
GDP Deflator 117.04
Index Points
118 119 118 120 119
Producer Prices 106.80
Index Points
110 106 112 117 113
Export Prices 100.70
Index Points
103 103 104 105 104
Import Prices 101.90
Index Points
103 103 104 103 103
Producer Prices Change 8.70
percent
9.47 3.6 9.75 9.75 2.5
Food Inflation 2.60
percent
3.4 3.3 3.2 2.8 2.8
Cpi Housing Utilities 101.53
Index Points
101 101 102 102 102
Cpi Transportation 106.98
Index Points
109 109 109 109 109
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.32 0.43
Money Supply M0 5988.20
EUR Million
5970 5966 5965 5964 5964
Money Supply M1 15689.70
EUR Million
16170 16537 16890 17230 19988
Money Supply M2 25299.10
EUR Million
25797 26171 26544 26914 30526
Money Supply M3 25296.60
EUR Million
25788 26157 26523 26888 30444
Foreign Exchange Reserves 4561.70
USD Million
4485 4423 4408 4407 4408
Banks Balance Sheet 27901.60
EUR Million
28054 28168 28275 28374 29045
Loans to Private Sector 8889.80
EUR Million
9337 9607 9809 9960 10378
Central Bank Balance Sheet 18865.80
EUR Million
19849 20554 21260 21961 28565
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -361.00
EUR Million
-160 -30 -100 -150 -40
Exports 2323.80
EUR Million
2510 2560 2690 2590 2980
Imports 2684.80
EUR Million
2670 2590 2790 2740 3020
Current Account -85.00
EUR Million
32 -140 -20.53 -17.53 -80
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 -90.50
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 -177.72
EUR Million
126 126 127 133 133
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 1562.10
EUR Million
1362 1466 1606 1539 1546
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 14672.70
EUR Million
14748 14743 14744 14744 14744
Fiscal Expenditure 2237.00
EUR Million
2460 2478 2470 2474 2472
Military Expenditure 772.70
USD Million
824 853 862 871 818
Asylum Applications 5.00
persons
29.69 30.77 30.77 30.72 30.71
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 3.20
Index Points
2.89 2.44 2.58 2.59 2.58
Industrial Production 5.20
percent
5.7 6.5 5.4 5.5 3.9
Industrial Production Mom 11.60
percent
-0.46 1.4 0.5 0.41 0.6
Manufacturing Production 6.30
percent
6.22 6.02 6.16 6.17 6.18
Capacity Utilization 77.50
percent
77.45 77.4 77.31 77.26 77.15
Changes in Inventories -208.60
EUR Million
-210 -673 -212 -671 -662
Car Registrations 3129.00
2924 2962 2934 2939 2943
Internet Speed 14619.89
KBps
13984 14096 14120 14026 13936
IP Addresses 1350900.00
IP
1574483 1628765 1672729 1709140 2108815
Mining Production -7.60
percent
-4 -1.95 -0.68 0.1 1.33
Bankruptcies 2728.00
Companies
2863 3086 3065 3044 3018
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 330.00
Gigawatt-hour
336 333 333 333 333
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 -5.00
Index Points
-5.31 -5.14 -5.25 -5.23 -5.23
Retail Sales MoM 9.50
percent
-7.2 18.1 12.5 -2.2 15.1
Retail Sales YoY 5.90
percent
3.2 4.9 5.5 5.1 4
Consumer Spending 5726.11
EUR Million
6195 6401 5886 6084 6751
Personal Savings -0.48
percent
2.79 3.04 3.24 3.44 2.37
Private Sector Credit 18050.00
EUR Million
18869 19412 19875 20269 22060
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 1.36
USD/Liter
1.29 1.22 1.15 1.09 0.62
Consumer Credit 661.30
EUR Million
662 665 667 669 678
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 90.30
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