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Lithuania will enter the euro area in January 2015, fulfilling all Maastricht criteria by a wide margin. For 2014 we expect GDP growth to amount to 2.7% and to further accelerate slightly in both 2015 and 2016. An upswing of external demand in 2015 and ongoing flourishing household consumption driven by strong wage developments will bolster economic activity. From 2015 onwards public investments will provide for an additional impulse.
|Main Economic Indicators||2011||2012||2013||2014||2015||2016|
|Population, 1000 persons.||3028||2988||2958||.||.||.|
|GDP, real change in %||6.0||3.7||3.3||2.9||3.1||3.2|
|GDP per capita (EUR at PPP)||16900||18300||19500||.||.||.|
|Gross industrial production, real change in %||6.4||3.7||3.4||.||.||.|
|Unemployment rate - LFS, in %, average||15.4||13.4||11.8||10.8||10.2||9.5|
|Average gross monthly wages, EUR||593||615||646||.||.||.|
|Consumer prices, % p.a.||4.1||3.2||1.2||0.8||1.8||2.5|
|Fiscal balance in % of GDP||-5.5||-3.3||-2.2||.||.||.|
|Public debt in % of GDP||38.3||40.5||39.4||.||.||.|
|Current account in % of GDP||-3.7||-0.2||1.5||-0.3||-0.8||-1.2|
|FDI inflow, EUR mn||1040||545||400||.||.||.|
|Gross external debt in % of GDP||78.0||75.9||67.6||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
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
LITHUANIA: Euro area within reach
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 55-57 Details and Buy