Projections of Lithuanian Economic Indicators (April 2014)

KEY MACROECONOMIC INDICATORS 

Indicators

2013

Projection April 2014

2014

2015

2016

2017

GDP growth/chain-linked volume growth, percentage  

3,3

3,4

4,3

4,0

4,3

Average annual change of harmonised indices of consumer prices, per cent

1,2

1,0

2,0

2,5

2,9

Growth of average monthly gross earnings, previous period = 100

105,0

105,8

106,4

106,4

106,9

Average monthly gross earnings, LTL

2230

2359,4

2510,8

2672,1

2857,7

Unemployment rate, per cent (acc. to Labour Force Survey methodology)

11,8

10,5

9,0

7,8

6,5

Balance of goods and services, percentage share of GDP

0,6

-0,9

-2,3

-2,4

-3,1

Growth of consumption / chain-linked volume  growth, percentage

4,2

4,0

4,6

4,2

4,6

Growth of gross fixed capital formation /
chain-linked volume  growth, percentage

12,8

9,1

9,4

4,8

7,7

GDP at current prices growth, percentage

5,0

5,4

7,0

7,2

7,6

up


Table 2

ECONOMIC INDICATORS, current prices, LTL mill.

Indicators

2013

Projection April 2014

2014

2015

2016

2017

Final consumption expenditure

96647,8

102312,2

109940,0

117879,6

127001,1

percentage share of GDP

80,9

81,2

81,6

81,7

81,8

nominal growth, percentage

5,1

5,9

7,5

7,2

7,7

Households consumption expenditure

75972,6

80621,8

86972,8

93892,7

102212,9

percentage share of GDP

63,6

64,0

64,6

65,0

65,8

Government consumption expenditure

20393,4

21392,1

22646,6

23643,1

24418,0

percentage share of GDP

17,1

17,0

16,8

16,4

15,7

NPI 1 consumption expenditure

281,8

298,3

320,5

343,7

370,3

percentage share of GDP

0,2

0,2

0,2

0,2

0,2

Gross capital formation

22056,3

24741,9

27802,3

29925,5

33082,2

percentage share of GDP

18,5

19,6

20,6

20,7

21,3

nominal growth, percentage

5,9

12,2

12,4

7,6

10,5

Balance of trade

764,9

-1124,0

-3055,9

-3436,6

-4747,6

percentage share of GDP

0,6

-0,9

-2,3

-2,4

-3,1

Gross domestic product

119469,0

125930,1

134686,4

144368,5

155335,7

nominal growth, percentage

5,0

5,4

7,0

7,2

7,6

Gross domestic product, chain-linked volume

86606,3

89558,1

93411,7

97147,1

101341,8

chain-linked volume  growth, percentage

3,3

3,4

4,3

4,0

4,3

1 - NPI – non-profit institutions

up


Table 3

LABOUR MARKET, EARNINGS AND PRICES

Indicators

Unit of measure

2013

Projection April 2014

2014

2015

2016

2017

Average monthly gross earnings

LTL

2230,0

2359,4

2510,8

2672,1

2857,7

Indices of the average monthly gross earnings, previous period = 100

 

105,0

105,8

106,4

106,4

106,9

Annual fund for wages and salaries

LTL mill.

27530,7

29564,8

31948,9

34273,3

36891,1

Average annual number of employed persons, acc. to Labour Force Survey methodology

thou.

1292,8

1312,2

1329,1

1339,8

1348,4

o/w: average number of employed persons converted into full-time units

thou.

1028,8

1044,2

1060,4

1068,8

1075,8

Average annual number of economically active population (labour force), acc. to Labour Force Survey methodology

thou.

1465,2

1465,7

1460,8

1453,3

1442,1

Average annual number of the unemployed persons, acc. to Labour Force Survey methodology

thou.

172,5

153,5

131,6

113,5

93,7

Unemployment rate, acc. to Labour Force Survey methodology

per cent

11,8

10,5

9,0

7,8

6,5

Change of harmonised indices of consumer prices 

average annual

per cent

1,2

1,0

2,0

2,5

2,9

Last updated: 11-09-2019