Projections of Lithuanian Economic Indicators (September 2013)

KEY MACROECONOMIC INDICATORS 

Indicators 2012 Projection 2013 September
2013 2014 2015 2016
GDP growth/ chain-linked volume growth, percentage   3,7 3,7 3,4 4,3 4,0
HCPI (average annual)/ 
Consumer price index, per cent
3,2 1,3 1,6 2,2 2,5
Growth of average monthly gross earnings, previous period = 100 103,8 104,8 105,2 105,8 106,5
Average monthly gross earnings, LTL 2123,8 2226,2 2342,7 2479,3 2640,6
Unemployment rate, per cent
(according to labour force survey)
13,2 11,5 10,5 9,8 9,1
Balance of goods and services,percentage share of GDP 0,4 -0,2 -1,7 -1,7 -1,3
Growth of consumption /
chain-linked volume  growth, percentage
3,4 4,0 3,9 4,0 4,0
Growth of gross fixed capital formation / chain-linked volume  growth, percentage -2,5 10,0 10,4 7,0 3,4
GDP at current prices growth, percentage 6,7 5,1 5,6 7,0 6,9

ECONOMIC INDICATORS, current prices, LTL mill.

Indicators 2012 Projection 2013 September
2013 2014 2015 2016
Final consumption expenditure 92817,9 97689,0 103440,7 109945,0 117201,4
percentage share of GDP 81,8 81,9 82,1 81,5 81,3
nominal growth, percentage 5,9 5,2 5,9 6,3 6,6
Households consumption expenditure 72604,5 76875,6 81940,7 87800,3 94270,3
percentage share of GDP 64,0 64,4 65,0 65,1 65,4
Government consumption expenditure 19941,6 20508,1 21176,7 21801,1 22564,8
percentage share of GDP 17,6 17,2 16,8 16,2 15,7
NPI 1 consumption expenditure 271,8 305,3 323,3 343,6 366,3
percentage share of GDP 0,2 0,3 0,3 0,3 0,3
Gross capital formation 20174,2 21875,4 24747,4 27154,2 28795,0
percentage share of GDP 17,8 18,3 19,6 20,1 20,0
nominal growth, percentage -7,1 8,4 13,1 9,7 6,0
Balance of trade 479,3 -261,8 -2151,5 -2274,1 -1827,9
percentage share of GDP 0,4 -0,2 -1,7 -1,7 -1,3
Gross domestic product 113471,5 119302,7 126036,5 134825,1 144168,5
nominal growth, percentage 6,7 5,1 5,6 7,0 6,9
Gross domestic product, chain-linked volume 83735,3 86822,9 89781,9 93645,1 97389,6
chain-linked volume  growth, percentage 3,7 3,7 3,4 4,3 4,0
  2012 2013 2014 2015 2016
1 - NPI – non-profit institutions

LABOUR MARKET, EARNINGS AND PRICES

Indicators Unit of measure 2012 Projection 2013 September
2013 2014 2015 2016
Average monthly gross earnings LTL 2123,8 2226,2 2342,7 2479,3 2640,6
Indices of the average monthly gross earnings, previous period = 100    103,8 104,8 105,2 105,8 106,5
Annual fund for wages and salaries LTL mill. 25745,0 27221,3 28817,2 30669,0 32772,9
Average annual number of employed, acc. to labour force survey Thous. 1278,5 1289,6 1297,3 1304,7 1309,0
o/w: average annual conditional number of employees 1, acc. to labour force survey Thous. 1010,2 1019,0 1025,1 1030,8 1034,2
Average annual number of economically active population, acc. to employment survey  Thous. 1473,7 1457,5 1449,0 1445,8 1440,6
Average annual number of the unemployed, acc. to labour force survey Thous. 195,2 167,9 151,7 141,2 131,6
Unemployment rate, acc. to labour force survey  per cent 13,2 11,5 10,5 9,8 9,1
Change of consumption goods and services price index
average annual per cent 3,2 1,3 1,6 2,2 2,5

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

Last updated: 11-09-2019