Lithuania

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
        FORECAST*
Main Economic Indicators201120122013201420152016
Population, 1000 persons.302829882958...
GDP, real change in %6.13.83.33.03.23.4
GDP per capita (EUR at PPP)171001850019300...
Gross industrial production, real change in %6.43.73.4...
Unemployment rate - LFS, in %, average15.413.411.811.510.69.8
Average gross monthly wages, EUR593615646...
Consumer prices, % p.a.4.13.21.20.31.21.8
Fiscal balance in % of GDP-9.0-3.2-2.6...
Public debt in % of GDP37.339.939.0...
Current account in % of GDP-3.8-1.21.61.1-0.4-0.5
FDI inflow, EUR mn1040545400...
Gross external debt in % of GDP80.177.869.7...


Basic data are continuously updated.

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

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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

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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


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