Unemployment in Lithuania

Lithuania Unemployment | Economic News & Forecasts

Lithuania - Unemployment

The economy accelerated slightly in the second quarter, driven largely by stronger household consumption. Second-quarter gains in household spending came on the back of steeper wage increases and a tighter labor market. Robust fixed investment growth, meanwhile, broadly carried over from the previous quarter, bolstered by sustained flows of foreign direct investment. Moreover, although trade activity decelerated significantly in Q2, the external sector’s overall contribution to GDP improved slightly from Q1, due to a marked slump in imports growth. Available indicators suggest momentum has carried into the third quarter. Higher manufacturing output in July propped up overall industrial production growth. This was reflected by solid economic activity readings which remained well-entrenched in positive territory in July and August. Lastly, strong retail sales in the same month pointed to sustained private consumption dynamics.

Lithuania - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.4  11.1  8.8  7.6  6.7  

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Lithuania Unemployment Chart


Lithuania Unemployment
Note: Unemployment in % of active population.
Source: Statistics Lithuania.

Lithuania Facts

ValueChangeDate
Bond Yield1.200.0 %Oct 16
Stock Market6680.45 %Oct 16

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