Projections of Lithuanian Economic Indicators (September 2014)
Indicators |
2013 |
Projection September 2014 |
|||
2014 |
2015 |
2016 |
2017 |
||
GDP growth/chain-linked volume growth, percentage |
3,3 |
2,9 |
3,4 |
3,8 |
4,3 |
Average annual change of harmonised indices of consumer prices, per cent |
1,2 |
0,3 |
1,2 |
2 |
2,9 |
Growth of average monthly gross earnings, previous period = 100 |
105,1 |
105,3 |
105,8 |
106,0 |
106,5 |
Average monthly gross earnings, LTL |
2231,7 |
2350,1 |
2486,4 |
2636,7 |
2808,8 |
Unemployment rate, per cent (acc. to Labour Force Survey methodology) |
11,8 |
11,2 |
10,4 |
9,6 |
8,6 |
Balance of goods and services, percentage share of GDP |
1,0 |
-1,1 |
-2,7 |
-3,4 |
-3,9 |
Growth of consumption / chain-linked volume growth, percentage |
4,1 |
4,3 |
4,1 |
4,2 |
4,2 |
Growth of gross fixed capital formation / chain-linked volume growth, percentage |
12,8 |
9,1 |
8,4 |
5,7 |
7,7 |
GDP at current prices growth, percentage |
5,1 |
4,7 |
5,5 |
6,4 |
7,4 |
Table 2
ECONOMIC INDICATORS, current prices, LTL mill.
Indicators |
2013 |
Projection September 2014 |
|||
2014 |
2015 |
2016 |
2017 |
||
Final consumption expenditure |
96335,5 |
101482,7 |
107650,7 |
114752,0 |
123039,2 |
percentage share of GDP |
80,6 |
81,1 |
81,6 |
81,7 |
81,6 |
nominal growth, percentage |
4,7 |
5,3 |
6,1 |
6,6 |
7,2 |
Households consumption expenditure |
75870,1 |
80273,9 |
85158,7 |
90990,6 |
97934,6 |
percentage share of GDP |
63,4 |
64,1 |
64,5 |
64,8 |
65,0 |
Government consumption expenditure |
20182,0 |
20910,3 |
22175,4 |
23423,9 |
24742,6 |
percentage share of GDP |
16,9 |
16,7 |
16,8 |
16,7 |
16,4 |
NPI 1 consumption expenditure |
283,4 |
298,5 |
316,6 |
337,5 |
361,9 |
percentage share of GDP |
0,2 |
0,2 |
0,2 |
0,2 |
0,2 |
Gross capital formation |
22101,7 |
25073,0 |
27929,0 |
30349,9 |
33603,0 |
percentage share of GDP |
18,5 |
20,0 |
21,2 |
21,6 |
22,3 |
nominal growth, percentage |
6,1 |
13,4 |
11,4 |
8,7 |
10,7 |
Balance of trade |
1137,6 |
-1399,9 |
-3596,9 |
-4709,8 |
-5885,9 |
percentage share of GDP |
1,0 |
-1,1 |
-2,7 |
-3,4 |
-3,9 |
Gross domestic product |
119574,8 |
125155,8 |
131982,9 |
140392,1 |
150756,3 |
nominal growth, percentage |
5,1 |
4,7 |
5,5 |
6,4 |
7,4 |
Gross domestic product, chain-linked volume |
86673,9 |
89193,0 |
92198,8 |
95719,8 |
99825,0 |
chain-linked volume growth, percentage |
3,3 |
2,9 |
3,4 |
3,8 |
4,3 |
1 - NPI – non-profit institutions |
Table 3
LABOUR MARKET, EARNINGS AND PRICES
Indicators |
Unit of measure |
2013 |
Projection September 2014 |
|||
2014 |
2015 |
2016 |
2017 |
|||
Average monthly gross earnings |
LTL |
2231,7 |
2350,1 |
2486,4 |
2636,7 |
2808,8 |
Indices of the average monthly gross earnings, previous period = 100 |
|
105,1 |
105,3 |
105,8 |
106,0 |
106,5 |
Annual fund for wages and salaries |
LTL mill. |
27540,9 |
29483,7 |
31428,5 |
33561,4 |
36038,8 |
Average annual number of employed persons, acc. to Labour Force Survey methodology |
thou. |
1292,8 |
1309,4 |
1315,9 |
1325,1 |
1335,7 |
o/w: average number of employed persons converted into full-time units |
thou. |
1028,4 |
1045,5 |
1053,3 |
1060,7 |
1069,2 |
Average annual number of economically active population (labour force), acc. to Labour Force Survey methodology |
thou. |
1465,2 |
1474,8 |
1469,1 |
1465,7 |
1462,2 |
Average annual number of the unemployed persons, acc. to Labour Force Survey methodology |
thou. |
172,5 |
165,4 |
153,2 |
140,6 |
126,5 |
Unemployment rate, acc. to Labour Force Survey methodology |
per cent |
11,8 |
11,2 |
10,4 |
9,6 |
8,6 |
Change of harmonised indices of consumer prices |
|
|
|
|
|
|
average annual |
per cent |
1,2 |
0,3 |
1,2 |
2,0 |
2,9 |