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The setback in the neighbouring countries to the east, which hit exporters hard last year, will continue and economic growth will decelerate in 2015. Both public and private investments will increase at a slow rate, while household spending will secure a rise in employment; the net result will be 2.4% GDP growth in real terms in 2015. An upward trend in economic activity driven by exports and investment is to be expected in the years thereafter.
|Main Economic Indicators||2012||2013||2014||2015||2016||2017|
|Population, 1000 persons.||2988||2958||2928||.||.||.|
|GDP, real change in %||3.8||3.3||2.9||2.4||2.9||3.2|
|GDP per capita (EUR at PPP)||18500||19300||20300||.||.||.|
|Gross industrial production, real change in %||3.7||3.3||-0.1||.||.||.|
|Unemployment rate - LFS, in %, average||13.4||11.8||10.7||10.5||9.8||9.2|
|Average gross monthly wages, EUR||615||646||676||.||.||.|
|Consumer prices, % p.a.||3.2||1.2||0.2||0.6||1.8||2.5|
|Fiscal balance in % of GDP||-3.2||-2.6||-0.7||.||.||.|
|Public debt in % of GDP||39.8||38.8||40.9||.||.||.|
|Current account in % of GDP||-1.2||1.6||0.1||-0.8||-0.9||-1.0|
|FDI inflow, EUR mn||454||532||300||.||.||.|
|Gross external debt in % of GDP||77.8||69.8||69.9||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
LITHUANIA: Weathering the Russian slump
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 69-71 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 Details