Economic Development Scenario (September 2016)
Table 1. Key macroeconomic indicators
| Indicators | ESA 2010 code | 2015 | 2016 | 2017 | 2018 | 2019 |
| 1. Real Gross Domestic Product (GDP), rate of change, per cent | B1*g | 1,6 | 2,3 | 2,7 | 2,5 | 2,5 |
| 2. Real GDP, million Eur | B1*g | 33457,3 | 34227,1 | 35161,5 | 36031,5 | 36924,6 |
| 3. Nominal GDP, rate of change, per cent | B1*g | 1,9 | 3,1 | 5,0 | 4,8 | 4,8 |
| 4. Nominal GDP, million Eur | B1*g | 37123,6 | 38262,1 | 40171,1 | 42106,3 | 44134,6 |
| 5. Labour productivity (real GDP per one employed person), rate of change, per cent | 0,4 | 0,2 | 1,9 | 2,3 | 2,5 | |
| Real GDP components, rate of change, per cent | ||||||
| 6. Household consumption expenditure | P.3 | 4,9 | 5,5 | 4,2 | 4,0 | 3,8 |
| 7. Government consumption expenditure | P.3 | 2,0 | 0,9 | 0,9 | 0,6 | 0,6 |
| 8. Gross fixed capital formation | P.51 | 10,3 | -2,6 | 6,3 | 6,5 | 6,7 |
| 9. Exports of goods and services | P.6 | -0,2 | 4,9 | 2,8 | 3,1 | 3,3 |
| 10. Imports of goods and services | P.7 | 6,0 | 4,0 | 4,4 | 4,6 | 4,9 |
ESA – The European System of National and Regional Accounts
Table 2. Price developments
| Indicators | 2015 | 2016 | 2017 | 2018 | 2019 |
| rate of change, per cent | |||||
| 1. GDP deflator | 0,2 | 0,7 | 2,2 | 2,3 | 2,3 |
| 2. Household consumption expenditure deflator | -0,9 | 0,7 | 2,2 | 2,5 | 2,5 |
| 3. Government consumption expenditure deflator | 5,5 | 3,9 | 3,7 | 3,4 | 3,4 |
| 4. Gross fixed capital formation deflator | 1,3 | 1,4 | 2,0 | 2,0 | 2,0 |
| 5. Exports of goods and services deflator | -4,0 | -2,8 | 1,9 | 2,0 | 2,0 |
| 6. Imports of goods and services deflator | -6,9 | -3,9 | 2,3 | 2,3 | 2,3 |
| 7. Harmonised index of consumer prices (average annual) | -0,7 | 0,7 | 2,2 | 2,5 | 2,5 |
Table 3. Labour market developments
| Indicators | 2015 | 2016 | 2017 | 2018 | 2019 |
| 1. Number of employed persons (acc. to Labour Force Survey methodology), thou. | 1334,9 | 1363,5 | 1374,4 | 1377,1 | 1377,1 |
| 2. Number of employed persons (acc. to Labour Force Survey methodology), rate of change, per cent | 1,2 | 2,1 | 0,8 | 0,2 | 0,0 |
| 3. Unemployment rate (acc. to Labour Force Survey methodology), percentage | 9,1 | 8,0 | 7,2 | 6,6 | 6,3 |
| 4. Average monthly gross earnings, EUR | 714,1 | 766,9 | 814,3 | 863,9 | 918,6 |
| 5. Average monthly gross earnings, rate of change, per cent | 5,4 | 7,4 | 6,2 | 6,1 | 6,3 |
| 6. Annual fund for wages and salaries, million EUR | 9098,3 | 9888,2 | 10582,4 | 11249,9 | 11962,1 |
| 7. Annual fund for wages and salaries, rate of change, per cent | 7,0 | 8,7 | 7,0 | 6,3 | 6,3 |
Table 4. Basic assumptions
| Indicators | 2015 | 2016 | 2017 | 2018 | 2019 |
| 1. USD / EUR exchange rate | 1,110 | 1,120 | 1,120 | 1,120 | 1,120 |
| 2. World GDP, rate of change, per cent | 3,1 | 3,1 | 3,4 | 3,4 | 3,4 |
| 3. EU GDP, rate of change, per cent | 1,8 | 1,7 | 1,6 | 1,6 | 1,6 |
| 4. Main export markets, rate of change, per cent | 0,5 | 1,1 | 1,6 | 1,6 | 1,6 |
| 5. Oil prices (Brent, USD / barrel) | 53,4 | 45,3 | 52,7 | 52,7 | 52,7 |
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