Projections of Lithuanian Economic Indicators (April 2014)
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 / |
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 |
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 |
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 |