While the economic tide is low in the countries bordering the Baltic Sea, the economy of Lithuania will continue to grow at a stable rate of 3% in 2014. Rising employment and wages are backed by public investment; things are encouraging and conducive to keeping households in a good spending mood. Nonetheless, the trade sanctions on Russia will pose a threat to the economic viability of a number of exporters in the agro-food sector.

map Lithuania
Main Economic Indicators201220132014201520162017
Population, 1000 persons.298829582928...
GDP, real change in %
GDP per capita (EUR at PPP)185001930020200...
Gross industrial production, real change in %3.73.4-0.1...
Unemployment rate - LFS, in %, average13.411.811.010.69.8.
Average gross monthly wages, EUR615646676...
Consumer prices, % p.a.
Fiscal balance in % of GDP-3.2-2.6-1.6...
Public debt in % of GDP39.939.041.0...
Current account in % of GDP-1.21.6-0.5-0.4-0.5.
FDI inflow, EUR mn545400....
Gross external debt in % of GDP77.869.869.8...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


LITHUANIA: Headwinds from the east

Sebastian Leitner
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 69-70
Details and Buy


Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures