After the country declared independence from the Soviet Union in 1990, Lithuania faced an initial dislocation that is typical during transitions from a planned economy to a free-market economy. Macroeconomic stabilization policies, including privatization of most state-owned enterprises, and a strong commitment to a currency board arrangement led to an open and rapidly growing economy and rising consumer demand. Foreign investment and EU funding aided in the transition. Lithuania joined the WTO in May 2001, the EU in May 2004, and the euro zone in January 2015, and is now working...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2020 Q4 | 7,592 | 7,573 | Mil. EUR, WDASA | Quarterly |
Real Private Consumption | 2020 Q4 | 6,853 | 6,826 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Gross Domestic Product | 2020 Q4 | 10,868 | 10,887 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Government Consumption | 2020 Q4 | 1,606 | 1,612 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Investment | 2020 Q4 | 1,628 | 1,529 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2020 Q4 | 2,646 | 2,393 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Government Consumption | 2019 Q2 | 1,987 | 2,022 | Mil. EUR, WDASA | Quarterly |
Investment | 2019 Q2 | 2,239 | 1,774 | Mil. EUR, WDASA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2019 Q2 | 2,388 | 2,373 | Mil. EUR, WDASA | Quarterly |
Nominal Gross Domestic Product | 2019 Q2 | 12,031 | 11,793 | Mil. EUR, WDASA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Jan 2021 | 98.76 | 97.39 | Index 2015=100, NSA | Monthly |
Consumer Price Index (CPI) | Jan 2021 | 111.83 | 111.29 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force Employment | 2020 Q4 | 1,352 | 1,342 | Thousands, NSA | Quarterly |
Unemployment | 2020 Q4 | 134.5 | 137.2 | Thousands, NSA | Quarterly |
Labor Force | 2020 Q4 | 1,486 | 1,479 | Thousands, NSA | Quarterly |
Total Employment | 2020 Q4 | 1,352 | 1,342 | Thousands, NSA | Quarterly |
Unemployment Rate | 2020 Q4 | 9 | 9.3 | % | Quarterly |
Total Employment Non-Ag | 2020 Q4 | 1,275 | 1,269 | Thousands, NSA | Quarterly |
Primary Industries Employment | 2019 | 26,633 | 27,957 | # | Annual |
Wage & Salaries | 2019 | 1,296 | 924.1 | EUR | Annual |
Agriculture Employment | 2017 | 114,246 | 118,126 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Real Imports of Goods and Services | 2020 Q4 | 8,329 | 8,142 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Exports of Goods and Services | 2020 Q4 | 9,156 | 9,114 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Exports of Goods | Dec 2020 | 2,396 | 2,259 | Mil. EUR, NSA | Monthly |
Balance of Goods | Dec 2020 | 175.65 | -139.03 | Mil. EUR, NSA | Monthly |
Imports of Goods | Dec 2020 | 2,221 | 2,398 | Mil. EUR, NSA | Monthly |
Current Account Balance | Dec 2020 | 558.05 | 86.26 | Mil. EUR, NSA | Monthly |
Exports of Goods and Services | 2019 Q2 | 9,748 | 10,123 | Mil. EUR, WDASA | Quarterly |
Imports of Goods and Services | 2019 Q2 | 9,409 | 9,386 | Mil. EUR, WDASA | Quarterly |
Real Net Exports | 2017 | -785,175,500 | -800,929,900 | NCU | Annual |
Government | Reference | Last | Previous | Units | Frequency |
Gross External Debt | 2020 Q2 | 14,165,850,732 | 12,381,671,412 | USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 02 Mar 2021 | 853.92 | 854.66 | Index, NSA | Business Daily |
Average Long-term Government Bond | Jan 2021 | 0.16 | 0.16 | % p.a., NSA | Monthly |
Business Lending Rate | Dec 2020 | 2.63 | 2.79 | % p.a., NSA | Monthly |
Household Lending Rate | Dec 2020 | 10.19 | 9.94 | % p.a., NSA | Monthly |
Money Market Rate | May 2017 | 0.05 | 0.05 | % p.a., NSA | Monthly |
Treasury Bills (over 31 days) | Sep 2014 | 0.18 | % p.a., NSA | Monthly | |
Lending Rate | 2004 | 5.74 | 5.84 | % | Annual |
Real Estate | Reference | Last | Previous | Units | Frequency |
Residential Building Completions | 2020 Q4 | 4,435 | 3,198 | #, NSA | Quarterly |
House Price Index for Existing Homes | 2020 Q3 | 142.57 | 142.34 | Index 2015=100, NSA | Quarterly |
House Price Index for New Homes | 2020 Q3 | 136.3 | 134.96 | Index 2015=100, NSA | Quarterly |
House Price Index | 2020 Q3 | 140.85 | 140.25 | Index 2015=100, NSA | Quarterly |
Dwelling Stocks | 2019 | 102.43 | 101.44 | millions m², NSA | Annual |
Non-residential Building Completions | 2019 | 668 | 733 | #, NSA | Annual |
Residential Building Permits | 2019 | 6,107 | 6,615 | #, NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2021 | -3.3 | -3.5 | SA | Monthly |
Retail Sales | Nov 2020 | 1,422,140 | 1,512,587 | Ths. EUR, NSA | Monthly |
Personal Income | 2019 | 536 | 487 | EUR | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2021 Q1 | 72.4 | 73.4 | %, SA | Quarterly |
Business Confidence | Feb 2021 | -3.9 | -3.2 | SA | Monthly |
Industrial Production | Jan 2021 | 122.1 | 120.7 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2020 Q4 | -1,414 | -1,446 | Mil. EUR, WDASA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2020 | 2,794 | 2,794 | Ths., NSA | Annual |
Births | 2019 | 27,729 | 28,212 | #, NSA | Annual |
Deaths | 2019 | 38,378 | 39,574 | #, NSA | Annual |
Net Migration | 2017 | -25,000 | # | Annual | |
Birth Rate | 2016 | 10.7 | # per Ths. pop. | Annual | |
Death Rate | 2016 | 14.3 | 14.4 | # per Ths. pop. | Annual |