Vilnius City Review

Cities

About This Report

Jul 2017

Households in Vilnius not only boast the highest level of annual disposable income among the capitals of the Baltic states, with USD27,400 in 2016 (annual disposable income per household in Riga was USD21,500 in 2016 and USD25,400 in Tallinn), but it was one of the highest earning capitals in Eastern Europe, ahead of Warsaw (USD21,600) and Prague (USD26,100). With an average 70% (in 2013-2015) of foreign direct investment located in Vilnius per year.

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Vilnius City Review

VILNIUS HIGHLIGHTS

In 2016, Vilnius generated total GDP of USD18.3 billion. While the economy is bigger than Tallinn's (USD14.5 billion GDP in 2016), it is marginally behind Riga's (USD18.9 billion). However, Vilnius has the highest level of productivity in the region. In 2016, Vilnius's labour productivity stood (GVA per capita) at USD40,400, while Tallinn (USD40,100 labour productivity in 2016) and Riga (USD33,800) lagged behind.

Higher disposable income per household

Concentration of high-value-added jobs and a favourable labour market structure (greater labour force participation and lower unemployment rates) largely explain the 35% higher disposable income per household in Vilnius than elsewhere in Lithuania. Overall, disposable income per household in 2011-2016 in Vilnius grew by 30% at constant 2016 prices.

Greater spending on education, hotels/restaurants and communications

Consumer expenditure per household (excluding housing and transport) in Vilnius exceeded the rest of the country's average by 24% in 2016. Such discretionary items as education (+108% higher spending in Vilnius than in the rest of the country, in 2016), hotels/restaurants (+102%) and communications (+39%), were the most prominent discretionary spending categories.

Increase in average price of real estate raises housing expenditure

In Vilnius, transport and housing together allocated 43% higher expenditure than in the rest of Lithuania. Out of the two, housing was the more expensive one, allocating 45% more spending in Vilnius, in 2016. The difference in housing expenditure jumped from 24% in 2011, as the average price of real estate per square metre rose by 15% over 2010-2016.

VILNIUS REVIEW AT A GLANCE

Understanding Vilnius Review structure
Chart 1 Overview
Key facts on Vilnius
Summary 1 Key Facts On Vilnius 2011, 2016, 2021

VILNIUS HIGHLIGHTS

History
Delimitation of the metropolitan region
Chart 2 Map Of Vilnius Metropolitan Area
Main business districts

ECONOMY OF THE CITY

Industrial make-up
Chart 3 Industrial Composition Of Vilnius 2016
Chart 4 Labour Productivity: Selected Cities 2016
Recent developments and outlook
Chart 5 Dynamics Of Real GDP In Vilnius, Lithuania And Other Cities In Eastern Europe, 2011-2021
Summary 2 Labour Market Changes In Vilnius 2011, 2016

CONSUMER PROFILE

City demographics
Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Vilnius 2011-2016
Household income
Chart 8 Household Distribution By Income In Vilnius 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget
Chart 9 Comparison Of Household Expenditure In Vilnius And Lithuania, 2016
Summary 3 Vilnius Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021
City lifestyle
Growth Of New Restaurants In Vilnius
Vilnius - Home To The Biggest Video Game Expo In The Baltics
City affordability
Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021