Unemployment in Lithuania

Lithuania Unemployment | Economic News & Forecasts

Lithuania - Unemployment

GDP growth moderated in the first quarter, but it remained healthy overall on the continued strength of the external sector and buoyant domestic demand. According to a flash estimate, the economy grew 3.6% in annual terms in Q1. Strong demand from some of Lithuania’s key trading partners, namely Russia, Germany and the U.S., supported export growth in Q1; however, fading demand from the other Baltic countries and Poland slowed the expansion from Q4. Meanwhile, unemployment fell in Q1 from the same period in the previous year. Coupled with increasing wages and retracting inflationary pressures, low unemployment bodes well for household consumption in the quarter. Burgeoning private consumption was reflected in a 11-year high rate of growth in retail sales recorded in March.

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 Yield1.050.0 %Jun 14
Stock Market7150.45 %Jun 14

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Economic News

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    Consumer prices rose 0.4% in May compared to the previous month, moderating from April’s 0.6% month-on-month increase.

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