Economic Development Scenario (March 2017)
Table 1. Key macroeconomic indicators
| Indicators | ESA 2010 code | 2016 | 2017 | 2018 | 2019 | 2020 |
| 1. Real Gross Domestic Product (GDP), rate of change, per cent | B1*g | 2,3 | 2,7 | 2,6 | 2,5 | 2,4 |
| 2. Real GDP, million Eur | B1*g | 34415,1 | 35339,7 | 36248,3 | 37159,6 | 38051,8 |
| 3. Nominal GDP, rate of change, per cent | B1*g | 3,5 | 5,1 | 4,4 | 4,2 | 4,0 |
| 4. Nominal GDP, million Eur | B1*g | 38631,0 | 40584,5 | 42367,4 | 44162,4 | 45924,9 |
| 5. Labour productivity (real GDP per one employed person), rate of change, per cent | 0,3 | 1,9 | 2,3 | 2,3 | 2,3 | |
| Real GDP components, rate of change, per cent | ||||||
| 6. Household consumption expenditure | P.3 | 5,6 | 3,9 | 3,6 | 3,5 | 3,5 |
| 7. Government consumption expenditure | P.3 | 1,3 | 1,5 | 1,2 | 1,0 | 1,0 |
| 8. Gross fixed capital formation | P.51 | -0,5 | 5,9 | 5,4 | 4,4 | 4,3 |
| 9. Exports of goods and services | P.6 | 2,9 | 3,8 | 3,9 | 4,0 | 4,0 |
| 10. Imports of goods and services | P.7 | 2,6 | 4,6 | 4,8 | 4,2 | 4,1 |
ESA – The European System of National and Regional Accounts
Table 2. Price developments
| Indicators | 2016 | 2017 | 2018 | 2019 | 2020 |
| rate of change, per cent | |||||
| 1. GDP deflator | 1,2 | 2,3 | 1,8 | 1,7 | 1,6 |
| 2. Household consumption expenditure deflator | 0,9 | 3,4 | 2,7 | 2,5 | 2,5 |
| 3. Government consumption expenditure deflator | 2,9 | 3,7 | 3,7 | 3,7 | 3,7 |
| 4. Gross fixed capital formation deflator | 0,5 | 2,0 | 2,0 | 2,0 | 2,0 |
| 5. Exports of goods and services deflator | -1,9 | 4,4 | 1,7 | 1,7 | 1,7 |
| 6. Imports of goods and services deflator | -4,3 | 5,2 | 2,0 | 2,0 | 2,0 |
| 7. Harmonised index of consumer prices (average annual) | 0,7 | 3,4 | 2,7 | 2,5 | 2,5 |
Table 3. Labour market developments
| Indicators | 2016 | 2017 | 2018 | 2019 | 2020 |
| 1. Number of employed persons (acc. to Labour Force Survey methodology), thou. | 1361,4 | 1372,3 | 1376,4 | 1379,2 | 1380,5 |
| 2. Number of employed persons (acc. to Labour Force Survey methodology), rate of change, per cent | 2,0 | 0,8 | 0,3 | 0,2 | 0,1 |
| 3. Unemployment rate (acc. to Labour Force Survey methodology), percentage | 7,9 | 7,0 | 6,4 | 5,9 | 5,4 |
| 4. Average monthly gross earnings, EUR | 770,8 | 822,2 | 872,4 | 926,7 | 984,8 |
| 5. Average monthly gross earnings, rate of change, per cent | 7,9 | 6,7 | 6,1 | 6,2 | 6,3 |
| 6. Annual fund for wages and salaries, million EUR | 9892,6 | 10636,9 | 11319,7 | 12049,2 | 12816,4 |
| 7. Annual fund for wages and salaries, rate of change, per cent | 8,7 | 7,5 | 6,4 | 6,4 | 6,4 |
Table 4. Basic assumptions
| Indicators | 2016 | 2017 | 2018 | 2019 | 2020 |
| 1. USD / EUR exchange rate | 1,107 | 1,068 | 1,068 | 1,068 | 1,068 |
| 2. World GDP, rate of change, per cent | 3,0 | 3,4 | 3,6 | 3,6 | 3,6 |
| 3. EU GDP, rate of change, per cent | 1,9 | 1,8 | 1,8 | 1,8 | 1,8 |
| 4. Main export markets, rate of change, per cent | 1,4 | 1,7 | 1,8 | 1,8 | 1,8 |
| 5. Oil prices (Brent, USD / barrel) | 44,8 | 56,4 | 56,9 | 56,9 | 56,9 |
Main export markets rate of change is estimated as a weighted average of EU and CIS GDP rates of change. Weight corresponds as a share of Lithuania's exports to these regions.
Last updated: 12-11-2023