Lithuania

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The economy performed better than expected in Q4 2024, resulting in GDP ultimately increasing by 2.7% in 2004. Thanks to a fall in inflation last year, real incomes picked up considerably; and they will continue to do so (though to a somewhat lesser extent) over the next two years, which will support household consumption. In line with the economic recovery, employment is expanding significantly, and unemployment remains almost unchanged. The government plans to raise defence spending and infrastructure investment this year; the latter will also benefit private investment activity, while the further upswing in external demand may be dampened by the US import tariff hikes. We expect real GDP to grow by 2.8% in 2025, but then to cool to 2.6% in 2026 and 2.4% in 2027.
        FORECAST*
Main Economic Indicators202220232024202520262027
Population, 1000 persons283228722888...
GDP, real change in %2.50.32.82.82.62.4
GDP per capita (EUR at PPP)316503303034730...
Gross industrial production, real change in %5.5-5.34.0...
Unemployment rate - LFS, in %, average6.06.97.17.06.76.3
Average gross monthly wages, EUR178920142218...
Consumer prices, % p.a.18.98.70.93.02.52.5
Fiscal balance in % of GDP-0.7-0.7-1.3-3.0-2.8-2.7
Public debt in % of GDP38.137.338.2...
Current account in % of GDP-6.11.12.53.02.21.9
FDI inflow, EUR m229135483319...
Gross external debt in % of GDP66.869.277.6...


Basic data are continuously updated.

* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.

publication_icon

Monthly Report No. 1/2025

Vasily Astrov, Alexandra Bykova, Selena Duraković, Meryem Gökten, Richard Grieveson, Maciej J. Grodzicki, Doris Hanzl-Weiss, Gabor Hunya, Branimir Jovanović, Niko Korpar, Dzmitry Kruk, Sebastian Leitner, Isilda Mara, Emilia Penkova-Pearson, Olga Pindyuk, Sandor Richter, Marko Sošić, Bernd Christoph Ströhm and Maryna Tverdostup
wiiw Monthly Report No. 1, January 2025
50 pages including 6 Tables and 13 Figures

Details

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Executive summary

Olga Pindyuk
in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. I-VII
Details


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