Lithuania
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.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Population, 1000 persons. | 2932 | 2905 | 2869 | . | . | . |
| 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 | 771 | . | . | . |
| 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.
Monthly Report No. 5/2017
Vasily Astrov, Sebastian Leitner, Isilda Mara and Sandor Richter
wiiw Monthly Report No. 5, May 2017
46 pages including 4 Tables and 30 Figures
LITHUANIA: Still strong outward migration despite high wage growth
Sebastian Leitner
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 89-92
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