Lithuania
In 2018, economic growth in Lithuania will be driven by ongoing strong public investment, underpinned by fresh funds from the EU. The continued decline in unemployment and rapid wage growth mean steady, strong growth in household consumption. External demand activity, having seen a remarkable revival, particularly from the CIS last year, will remain buoyant in 2018. For 2018, we forecast GDP to grow by 3.2% at potential, followed by 2.6% in 2019 and 2.2% in 2020.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Population, 1000 persons | 2905 | 2868 | 2830 | . | . | . |
| GDP, real change in % | 2.0 | 2.3 | 3.8 | 3.2 | 2.6 | 2.2 |
| GDP per capita (EUR at PPP) | 21700 | 22000 | 23200 | . | . | . |
| Gross industrial production, real change in % | 4.9 | 2.8 | 7.2 | . | . | . |
| Unemployment rate - LFS, in %, average | 9.1 | 7.9 | 7.1 | 6.5 | 6.0 | 5.8 |
| Average gross monthly wages, EUR | 714 | 774 | 840 | . | . | . |
| Consumer prices, % p.a. | -0.7 | 0.7 | 3.7 | 3.0 | 2.7 | 2.5 |
| Fiscal balance in % of GDP | -0.2 | 0.3 | 0.5 | . | . | . |
| Public debt in % of GDP | 42.6 | 40.1 | 39.7 | . | . | . |
| Current account in % of GDP | -2.8 | -1.1 | 0.8 | -2.0 | -2.4 | -2.2 |
| FDI inflow, EUR mn | 873 | 870 | 907 | . | . | . |
| Gross external debt in % of GDP | 75.7 | 85.6 | 83.2 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
LITHUANIA: EU funds foster growth at full potential
Sebastian Leitner
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 114-117
Details and Buy
Monthly Report No. 7-8/2017
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, August 2017
27 pages including 1 Table and 2 Figures