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 |
---|---|---|---|---|---|
Real Private Consumption | 2022 Q3 | 7,048 | 7,038 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Private Consumption | 2022 Q3 | 9,944 | 9,534 | Mil. EUR, WDASA | Quarterly |
Real Gross Domestic Product | 2022 Q3 | 11,844 | 11,796 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Investment | 2022 Q3 | 1,940 | 2,045 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2022 Q3 | 2,647 | 2,638 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Government Consumption | 2022 Q3 | 1,593 | 1,608 | 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) | Dec 2022 | 136.67 | 139.78 | Index 2015=100, NSA | Monthly |
Consumer Price Index (CPI) | Dec 2022 | 149.79 | 149.38 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Labor Force Employment | 2022 Q3 | 1,451 | 1,436 | Thousands, NSA | Quarterly |
Labor Force | 2022 Q3 | 1,539 | 1,515 | Thousands, NSA | Quarterly |
Unemployment Rate | 2022 Q3 | 5.7 | 5.2 | % | Quarterly |
Total Employment | 2022 Q3 | 1,451 | 1,436 | Thousands, NSA | Quarterly |
Unemployment | 2022 Q3 | 88 | 79.3 | Thousands, NSA | Quarterly |
Total Employment Non-Ag | 2022 Q3 | 1,370 | 1,349 | Thousands, NSA | Quarterly |
Primary Industries Employment | 2021 | 24,547 | 25,257 | # | Annual |
Wage & Salaries | 2021 | 1,579 | 1,428 | EUR | Annual |
Agriculture Employment | 2017 | 114,246 | 118,126 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Balance of Goods | Nov 2022 | -395.67 | -753.9 | Mil. EUR, NSA | Monthly |
Current Account Balance | Nov 2022 | 90.19 | -4.63 | Mil. EUR, NSA | Monthly |
Imports of Goods | Nov 2022 | 3,997 | 4,597 | Mil. EUR, NSA | Monthly |
Exports of Goods | Nov 2022 | 3,602 | 3,843 | Mil. EUR, NSA | Monthly |
Real Exports of Goods and Services | 2022 Q3 | 12,512 | 11,468 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Imports of Goods and Services | 2022 Q3 | 11,260 | 10,513 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
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 | 2022 Q3 | 11,473,191,292 | 12,439,138,816 | USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 08 Feb 2023 | 995.46 | 990.43 | Index, NSA | Business Daily |
Average Long-term Government Bond | Dec 2022 | 2.88 | 2.88 | % p.a., NSA | Monthly |
Business Lending Rate | Dec 2022 | 7.99 | 7.73 | % p.a., NSA | Monthly |
Household Lending Rate | Dec 2022 | 9.39 | 9 | % 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 | 2022 Q3 | 3,456 | 3,899 | #, NSA | Quarterly |
House Price Index | 2022 Q3 | 199.7 | 193.91 | Index 2015=100, NSA | Quarterly |
House Price Index for Existing Homes | 2022 Q3 | 202.87 | 197.81 | Index 2015=100, NSA | Quarterly |
House Price Index for New Homes | 2022 Q3 | 193.21 | 186.01 | Index 2015=100, NSA | Quarterly |
Non-residential Building Completions | 2021 | 598 | 607 | #, NSA | Annual |
Residential Building Permits | 2021 | 10,021 | 7,527 | #, NSA | Annual |
Dwelling Stocks | 2020 | 105.86 | 104.27 | millions m², NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Jan 2023 | -5.6 | -7.5 | SA | Monthly |
Retail Sales | Nov 2022 | 2,149,544 | 2,185,856 | Ths. EUR, NSA | Monthly |
Personal Income | 2021 | 697 | 605 | EUR | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Capacity Utilization | 2023 Q1 | 70.2 | 76.1 | %, SA | Quarterly |
Business Confidence | Jan 2023 | -12.6 | -16.9 | SA | Monthly |
Industrial Production | Dec 2022 | 150.9 | 156.6 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2022 Q3 | 1,366 | 840.04 | Mil. EUR, WDASA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2022 | 2,806 | 2,795 | Ths., NSA | Annual |
Deaths | 2021 | 47,746 | 43,547 | #, NSA | Annual |
Births | 2021 | 12,579 | 12,115 | #, 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 |