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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.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||3028||2988||2958||.||.||.|
|GDP, real change in %||6.1||3.8||3.3||3.0||3.2||3.4|
|GDP per capita (EUR at PPP)||17100||18500||19300||.||.||.|
|Gross industrial production, real change in %||6.4||3.7||3.4||.||.||.|
|Unemployment rate - LFS, in %, average||15.4||13.4||11.8||11.5||10.6||9.8|
|Average gross monthly wages, EUR||593||615||646||.||.||.|
|Consumer prices, % p.a.||4.1||3.2||1.2||0.2||1.2||1.8|
|Fiscal balance in % of GDP||-9.0||-3.2||-2.6||.||.||.|
|Public debt in % of GDP||37.3||39.9||39.0||.||.||.|
|Current account in % of GDP||-3.8||-1.2||1.6||1.1||-0.4||-0.5|
|FDI inflow, EUR mn||1040||545||400||.||.||.|
|Gross external debt in % of GDP||80.1||77.8||69.8||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
LITHUANIA: Headwinds from the east
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 Details