Projections of Lithuanian Economic Indicators (September 2015)
Table 1. Key macroeconomic indicators
| Indicators | ESA 2010 Code | 2014 | 2014 | 2015 | 2016 | 2017 | 2018 |
| Level, EUR mill. | Rate of change, % | Rate of change, % | Rate of change, % | Rate of change, % | Rate of change, % | ||
| 1. Real GDP | B1*g | 32798,8 | 2,9 | 1,9 | 3,2 | 3,5 | 3,9 |
| 2. Nominal GDP | B1*g | 36308,9 | 3,9 | 1,9 | 4,7 | 5,7 | 6,4 |
| Components of real GDP | |||||||
| 3. Private consumption expenditure | P.3 | 21313,3 | 5,6 | 4,5 | 4,5 | 4,7 | 4,9 |
| 4. Government consumption expenditure | P.3 | 5776,8 | 1,5 | 1,3 | 0,6 | 0,6 | 0,6 |
| 5. Gross fixed capital formation | P.51 | 6430,7 | 8,0 | 6,9 | 4,2 | 4,4 | 5,2 |
| 6. Exports of goods and services | P.6 | 26719,8 | 3,4 | 0,8 | 3,2 | 4,5 | 5,3 |
| 7. Imports of goods and services | P.7 | 26410,4 | 5,7 | 3,9 | 4,2 | 5,3 | 5,9 |
Table 2. Price developments
| Indicators | 2014 | 2014 | 2015 | 2016 | 2017 | 2018 |
| Level | Rate of change, % | Rate of change, % | Rate of change, % | Rate of change, % | Rate of change, % | |
| 1. GDP deflator (year 2010 = 100) | 110,7 | 0,9 | 0,0 | 1,5 | 2,2 | 2,5 |
| 2. Private consumption deflator (year 2010 = 100) | 108,5 | 0,1 | -0,4 | 1,4 | 1,9 | 2,1 |
| 3. Harmonised index of consumer prices (year 2005 = 100) | 140,1 | 0,2 | -0,4 | 1,4 | 1,9 | 2,2 |
| 4. Government consumption deflator (year 2010 = 100) | 107,4 | 3,6 | 3,0 | 3,0 | 3,0 | 3,0 |
| 5. Investment deflator (year 2010 = 100) | 108,4 | 1,5 | 1,2 | 1,2 | 1,2 | 1,2 |
| 6. Export price deflator (goods and services) (year 2010 = 100) | 111,1 | -2,3 | -2,4 | 1,1 | 1,5 | 1,5 |
| 7. Import price deflator (goods and services) (year 2010 = 100) | 112,2 | -3,1 | -3,8 | 1,3 | 0,5 | 0,5 |
Table 3. Labour market developments
| Indicators | 2014 | 2014 | 2015 | 2016 | 2017 | 2018 |
| Level | Rate of change, % | Rate of change, % | Rate of change, % | Rate of change, % | Rate of change, % | |
| 1. Average annual number of employed persons, acc. to Labour Force Survey methodology, thou. | 1319,0 | 2,0 | 1,3 | 0,8 | 0,6 | 0,6 |
| 2. Unemployment rate*, acc. to Labour Force Survey methodology, percentage | 10,7 | -1,1 | 9,4 | 8,8 | 7,8 | 6,5 |
| 3. Average monthly gross earnings, EUR | 677,4 | 4,8 | 4,8 | 5,3 | 5,7 | 6,2 |
| 4. Annual fund for wages and salaries, EUR mill. | 8505,1 | 6,6 | 6,1 | 6,0 | 6,3 | 6,8 |
| 5. Labour productivity, real GDP per one employed person, EUR thou. | 24,8 | 0,9 | 0,6 | 2,3 | 2,8 | 3,2 |
| * Indicator for 2015-2018 | ||||||
Table 4. Basic assumptions
| Indicators | 2014 | 2015 | 2016 | 2017 | 2018 |
| 1. USD / EUR exchange rate | 1,3285 | 1,0845 | 1,071 | 1,071 | 1,071 |
| 2. World GDP growth, percentage | 3,4 | 3,5 | 3,9 | 3,9 | 3,9 |
| 3. EU GDP growth, percentage | 1,4 | 1,8 | 2,1 | 2,1 | 2,1 |
| 4. Main export markets growth*, percentage | 1,0 | 0,6 | 1,8 | 1,8 | 1,8 |
| 5. Oil prices (Brent, USD/barrel) | 99,7 | 54,5 | 66 | 66 | 66 |
| * Export markets growth is estimated as a weighted average of EU and CIS GDP. Weight corresponds as a share of Lithuania's exports to these countries. | |||||
Last updated: 12-11-2023