Throughout 2017, economic growth in Lithuania will be driven by resurgence in external demand, particularly from the CIS and for oil products. Moreover, an upswing in public investment will be underpinned by fresh funds from the EU this year. The ongoing stable growth in terms of employment and rapid wage rises will result in robust increases in consumer demand. For 2017, we forecast a moderate upswing in the GDP growth rate to 2.7%, followed by 2.8% in 2018 and 3.1% in 2019.
|Main Economic Indicators||2014||2015||2016||2017||2018||2019|
|Population, 1000 persons.||2932||2905||2880||.||.||.|
|GDP, real change in %||3.5||1.8||2.3||2.7||2.8||3.1|
|GDP per capita (EUR at PPP)||20700||21600||22300||.||.||.|
|Gross industrial production, real change in %||0.1||4.9||2.8||.||.||.|
|Unemployment rate - LFS, in %, average||10.7||9.1||7.9||7.2||6.5||6.0|
|Average gross monthly wages, EUR||677||714||770||.||.||.|
|Consumer prices, % p.a.||0.2||-0.7||0.7||2.1||2.3||2.7|
|Fiscal balance in % of GDP||-0.7||-0.2||0.3||.||.||.|
|Public debt in % of GDP||40.5||42.7||40.2||.||.||.|
|Current account in % of GDP||3.6||-2.3||-0.9||-1.2||-1.4||-1.8|
|FDI inflow, EUR mn||387||873||345||.||.||.|
|Gross external debt in % of GDP||69.8||75.9||81.5||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
LITHUANIA: Still strong outward migration despite high wage growth
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 89-92 Details and Buy
Monthly Report No. 7-8/2016
Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2016
25 pages including 1 Table and 1 Figure