Unemployment in Lithuania
Lithuania - UnemploymentGDP 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
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Unemployment Chart
Source: Statistics Lithuania.
|Bond Yield||1.05||0.0 %||Jun 14|
|Stock Market||715||0.45 %||Jun 14|
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June 12, 2018
Consumer prices rose 0.4% in May compared to the previous month, moderating from April’s 0.6% month-on-month increase.
June 1, 2018
According to detailed data released by the Statistical Institute on 1 June, GDP expanded 3.7% in annual terms in the first quarter, down from 4.0% in the fourth quarter (previously reported: +3.6% year-on-year) Sustained fixed investment growth, coupled with a healthy expansion in private consumption and a solid increase in exports, were the key drivers of growth in the first quarter. Fixed investment soared 9.1% in Q1, a slight deceleration from a nearly four-year high of 9.7% observed in Q4.
May 22, 2018
Industrial production expanded 3.8% over the previous year in April, moderating from March’s revised 9.4% increase (previously reported: +8.8% year-on-year).
May 11, 2018
Consumer prices rose 0.6% in April compared to the previous month, accelerating from March’s 0.4% month-on-month increase.
April 30, 2018
According to a flash estimate released by the Statistical Institute on 30 April, the Lithuanian economy decelerated from the previous quarter’s revised 4.0% annual increase (previously reported: +3.9% year-on-year) to a more moderate 3.6% expansion in the first quarter.