Projections of Lithuanian Economic Indicators (March 2009)

KEY MACROECONOMIC INDICATORS 
Indicators 2008 Projection 2009-03-30
2009 2010 2011 2012
GDP growth, chain-linked volume growth, percentage   3,1 -10,5 -2,6 4,3 4,5
HCPI (average annual), Consumer price index, per cent 11,1 5,4 -0,7 -1,2 0,1
HCPI (monthly annual inflation), Consumer price index, per cent 8,5 1,2 -1,2 -0,5 0,6
Growth of average monthly gross earnings, previous period = 100 120,6 95,6 95,0 99,7 100,5
Average monthly gross earnings, LTL 2174,0 2078,3 1974,4 1968,4 1978,0
Unemployment rate, per cent (according to labour force survey) 5,8 13,5 15,4 11,5 11,5
Balance of goods and services, percentage share of GDP -11,4 -4,2 -3,4 -3,1 -3,3
Growth of consumption, chain-linked volume growth, percentage 5,5 -13,4 -8,1 2,5 3,2
Growth of gross fixed capital formation, chain-linked volume growth, percentage -6,4 -34,6 5,8 9,5 9,5
GDP at current prices growth, percentage 13,6 -10,0 -7,2 2,8 3,9

 

ECONOMIC INDICATORS, current prices, LTL mill.
Indicators 2008 Projection 2009-03-30
2009 2010 2011
Final consumption expenditure 93952 85787 78283 79295
percentage share of GDP 84,2 85,4 84,0 82,8
nominal growth, percentage 15,5 -8,7 -8,7 1,3
Households consumption expenditure 73387 67617 61831 63955
percentage share of GDP 65,8 67,3 66,4 66,8
Government consumption expenditure 20330 17956 16256 15142
percentage share of GDP 18,2 17,9 17,4 15,8
NPI 1 consumption expenditure 235 214 196 198
percentage share of GDP 0,2 0,2 0,2 0,2
Gross capital formation 30258 18805 18044 19478
percentage share of GDP 27,1 18,7 19,4 20,3
nominal growth, percentage 1,0 -37,9 -4,0 7,9
Balance of trade 65982 58648 57760 61761
percentage share of GDP 59,2 58,4 62,0 64,5
Gross domestic product 111520 100403 93187 95770
nominal growth, percentage 13,6 -10,0 -7,2 2,8
Gross domestic product, chain-linked volume 80597 72174 70312 73315
chain-linked volume  growth, percentage 3,1 -10,5 -2,6 4,3
  2008 2009 2010 2011

1 - NPI – non-profit institutions

 

LABOUR MARKET, EARNINGS AND PRICES
 
Indicators Unit of measure 2008 Projection 2009-03-30
2009 2010 2011 2012
Average monthly gross earnings LTL 2174,0 2078,3 1974,4 1968,4 1978,0
Indices of the average monthly gross earnings, previous period = 100    120,6 95,6 95,0 99,7 100,5
Annual fund for wages and salaries LTL mill. 30324,7 26924,3 25063,5 24842,4 24945,4
Average annual number of employed, acc. to labour force survey Thous. 1520,0 1411,7 1383,3 1375,3 1374,3
o/w: average annual conditional number of employees 1, acc. to labour force survey Thous. 1162,4 1079,6 1057,8 1051,7 1051,0
Average annual number of economically active population, acc. to labour force survey  Thous. 1614,3 1632,1 1634,2 1553,9 1553,2
Average annual number of the unemployed, acc. to labour force survey Thous. 94,3 220,4 251,0 178,6 179,0
Unemployment rate, acc. to labour force survey  per cent 5,8 13,5 15,4 11,5 11,5
Change of consumption goods and services price index            
end of December per cent 8,5 1,2 -1,2 -0,5 0,6
average annual per cent 11,1 5,4 -0,7 -1,2 0,1

1 - hired employees, regrouped into employed full-time.

 

Last updated: 11-09-2019