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The economy will contract steeply in 2020. Lithuania’s economy withstood the initial blow of the Coronavirus (COVID-19) pandemic relatively well. Recent data point to a strong recovery in the second half of 2020, although the unemployment rate is forecast to remain elevated in the near term. A significant stimulus package has helped to preserve jobs but has inflated the deficit and public debt. Growth of real GDP is forecast to bounce back to 3.0% in 2021 before slipping to about 2.3% in 2027.
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Country Profiles examine the economic and political trends in 210 countries.
Euromonitor International Country Profiles are a one-stop-shop for a data and analysis on the economic and political situation in 210 countries and associated regions.
This reports series gives a summary of political risk and the business environment and forecasts the prospects for the economy & likely future trends, allowing you to understand the macro-economic environment as a basis for strategic planning.
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Lithuania: Country Profile
KEY POINTS
Chart 1 Real GDP Growth and Per Capita GDP: 2014-2020FACTS
Area
Currency
Location
Capital
GOVERNMENT
Head of State
Head of Government
Ruling Party
Political Structure
Last Elections
Political Stability and Risks
International Issues
Government Finance
Chart 2 Public Debt: 2014-2019ECONOMY
Economic Structure and Major Industries
Overview of the Economy
Foreign Trade
Chart 3 Total Foreign Trade: 2014-2020Economic Prospects
Chart 4 Real GDP Growth: 2014-2020Evaluation of Market Potential
BUSINESS ENVIRONMENT
ENERGY
Chart 5 Primary Energy Supply (% of total): 2019SOCIETY
Population
Chart 6 Age Pyramid in 2019 and 2040Income and Expenditure
Chart 7 Per Capita Annual Disposable Income, Spending and Savings Ratio: 2014-2020Why buy this report?
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.