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 Government Consumption | 2023 Q4 | 1,615 | 1,613 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Private Consumption | 2023 Q4 | 7,110 | 6,965 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Private Consumption | 2023 Q4 | 10,730 | 10,519 | Mil. EUR, WDASA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 11,844 | 11,859 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Investment | 2023 Q4 | 2,025 | 2,202 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 3,183 | 3,107 | 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 |
Consumer Price Index (CPI) | Feb 2024 | 153.08 | 151.99 | Index 2015=100, NSA | Monthly |
Producer Price Index (PPI) | Dec 2023 | 125.88 | 127.98 | Index 2015=100, NSA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Total Employment | 2023 Q4 | 1,453 | 1,471 | Thousands, NSA | Quarterly |
Labor Force | 2023 Q4 | 1,570 | 1,569 | Thousands, NSA | Quarterly |
Unemployment Rate | 2023 Q4 | 7.4 | 6.2 | % | Quarterly |
Labor Force Employment | 2023 Q4 | 1,453 | 1,471 | Thousands, NSA | Quarterly |
Unemployment | 2023 Q4 | 116.7 | 97.5 | Thousands, NSA | Quarterly |
Total Employment Non-Ag | 2023 Q4 | 1,378 | 1,390 | Thousands, NSA | Quarterly |
Primary Industries Employment | 2022 | 23,964 | 24,547 | # | Annual |
Wage & Salaries | 2022 | 1,789 | 1,579 | EUR | Annual |
Agriculture Employment | 2017 | 114,246 | 118,126 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | Jan 2024 | 305.73 | 629.31 | Mil. EUR, NSA | Monthly |
Imports of Goods | Jan 2024 | 3,166 | 2,988 | Mil. EUR, NSA | Monthly |
Balance of Goods | Jan 2024 | -223.22 | -300.64 | Mil. EUR, NSA | Monthly |
Exports of Goods | Jan 2024 | 2,943 | 2,687 | Mil. EUR, NSA | Monthly |
Real Exports of Goods and Services | 2023 Q4 | 11,092 | 11,116 | Mil. Ch. 2015 EUR, WDASA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 9,907 | 10,056 | 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 | 2023 Q3 | 14,748,246,408 | 15,358,960,608 | USD, NSA | Quarterly |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 15 Mar 2024 | 953.49 | 952.98 | Index, NSA | Business Daily |
Average Long-term Government Bond | Feb 2024 | 2.88 | 2.88 | % p.a., NSA | Monthly |
Business Lending Rate | Jan 2024 | 6.21 | 6.64 | % p.a., NSA | Monthly |
Household Lending Rate | Jan 2024 | 9.84 | 9.85 | % 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 |
Non-residential Building Completions | 2023 | 920 | 830 | #, NSA | Annual |
Residential Building Permits | 2023 | 6,189 | 7,754 | #, NSA | Annual |
Residential Building Completions | 2023 Q3 | 3,164 | 3,860 | #, NSA | Quarterly |
House Price Index for New Homes | 2023 Q3 | 223.99 | 214.68 | Index 2015=100, NSA | Quarterly |
House Price Index | 2023 Q3 | 217.15 | 212.05 | Index 2015=100, NSA | Quarterly |
House Price Index for Existing Homes | 2023 Q3 | 212.83 | 210.35 | Index 2015=100, NSA | Quarterly |
Dwelling Stocks | 2021 | 107.64 | 105.86 | millions m², NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | 2.8 | 2.5 | SA | Monthly |
Retail Sales | Dec 2023 | 2,282,247 | 2,128,729 | Ths. EUR, NSA | Monthly |
Personal Income | 2022 | 751 | 697 | EUR | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Feb 2024 | -9.2 | -8.8 | SA | Monthly |
Capacity Utilization | 2023 Q4 | 67.9 | 67.1 | %, SA | Quarterly |
Industrial Production | Dec 2023 | 139.7 | 151.2 | Index 2015=100, NSA | Monthly |
Change in Inventories | 2023 Q4 | -1,348 | -744.06 | Mil. EUR, WDASA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Births | 2022 | 10,870 | 11,439 | #, NSA | Annual |
Deaths | 2022 | 39,660 | 47,746 | #, NSA | Annual |
Population | 2022 | 2,806 | 2,795 | Ths., 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 |