Projections of Lithuanian Economic Indicators (March 2015)

Key Macroeconomic Indicators 

Indicators ESA 2010
Code
2014 2014 2015 2016

2017

2018
Level, EUR mill. Rate of change, % Rate of change, % Rate of change, % Rate of change, % Rate of change, %
1. Real GDP B1*g 32792,1 2,9 2,5 3,2 3,5 3,9
2. Nominal GDP B1*g 36287,9 3,8 3,0 5,4 6,0 6,5
Components of real GDP
3. Private consumption expenditure P.3 21302,4 5,6 4,1 4,4 4,7 4,9
4. Government consumption expenditure P.3 5762,5 1,3 1,3 0,6 0,6 0,6
5. Gross fixed capital formation P.51 6430,7 8,0 5,2 2,5 4,3 5,2
6. Exports of goods and services P.6 26704,2 3,4 -2,8 3,8 4,9 5,9
7. Imports of goods and services P.7 26342,0 5,4 -1,2 4,6 5,7 6,4

Price Developments

Indicators 2014 2014 2015 2016 2017 2018
Level Rate of change, % Rate of change, % Rate of change, % Rate of change, % Rate of change, %
1. GDP deflator (year 2010 = 100) 110,7 0,9 0,5 2,2 2,4 2,5
2. Private consumption deflator (year 2010 = 100) 108,5 0,1 -0,4 1,7 1,9 2,2
3. Harmonised index of consumer prices (year 2005 = 100) 140,1 0,2 -0,4 1,7 1,9 2,2
4. Government consumption deflator (year 2010 = 100) 107,4 3,9 4,0 4,0 4,0 4,0
5. Investment deflator (year 2010 = 100) 108,4 1,5 0,0 1,0 1,0 1,0
6. Export price deflator (goods and services) (year 2010 = 100) 111,1 -2,4 -3,0 1,6 1,8 1,8
7. Import price deflator (goods and services) (year 2010 = 100) 112,2 -3,1 -5,2 1,9 2,3 2,4

Labour Market Developments

Indicators 2014 2014 2015 2016 2017 2018
Level Rate of change, % Rate of change, % Rate of change, % Rate of change, % Rate of change, %
1.  Average annual number of employed persons, acc. to Labour Force Survey methodology, thou. 1319,0 2,0 0,6 0,6 0,9 0,9
2.  Unemployment rate*, acc. to Labour Force Survey methodology, percentage 10,7 -1,1 9,9 9,1 8,1 7,1
3. Average monthly gross earnings, EUR 676,4 4,6 4,8 5,3 5,7 6,2
4. Annual fund for wages and salaries, EUR mill. 8501,0 6,6 5,5 5,9 6,6 7,1
5.  Labour productivity, real GDP per one employed person, EUR thou. 24,8 1,2 1,9 2,5 2,6 3,0
* Indicator for 2015-2018

Basic Assumptions

Indicators 2014 2015 2016 2017 2018
1. USD / EUR exchange rate 1,3285 1,1690 1,1686 1,1686 1,1686
2. World GDP growth, percentage 3,3 3,6 4,0 4,0 4,0
3. EU GDP growth, percentage 1,3 1,7 2,1 2,1 2,1
4. Main export markets growth*, percentage 1,0 0,2 1,7 1,7 1,7
5. Oil prices (Brent, USD/barrel) 99,7 53,0 61,5 61,5 61,5
* Export markets growth is estimated as a weighted average of EU and CIS GDP.
Weight corresponds as a share of Lithuania's exports to these countries.
Last updated: 18-03-2019