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Lithuanian economic activity is developing at a good pace. Not only households increase their outlays for consumption due to the ameliorated situation in the labour market and raised minimum wages. Also public investment in energy and transport infrastructure is further propping up economic activity as well as entrepreneurs, raising their outlays for machinery and equipment. However, also Lithuanian exporters have to face receding import demand of the main trading partners, particularly Russia.
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||3287||3028||2988||.||.||.|
|GDP, real change in %||1.6||6.0||3.7||3.6||3.8||4.2|
|GDP per capita (EUR at PPP)||15000||16700||17900||.||.||.|
|Gross industrial production, real change in %||6.4||6.4||3.7||.||.||.|
|Unemployment rate - LFS, in %, average||17.8||15.4||13.3||12.0||11.0||10.0|
|Average gross monthly wages, EUR||576||593||615||.||.||.|
|Consumer prices, % p.a.||1.2||4.1||3.2||1.5||2.5||3.6|
|Fiscal balance in % of GDP||-7.2||-5.5||-3.3||.||.||.|
|Public debt in % of GDP||37.8||38.3||40.5||.||.||.|
|Current account in % of GDP||0.1||-3.7||-0.2||-0.3||-1.9||-3.0|
|FDI inflow, EUR mn||604||1040||545||.||.||.|
|Gross external debt in % of GDP||82.9||77.4||75.4||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Lithuania: Demand-side policies affect balanced growth
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 87-89 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details