Lithuanian macroeconomic indicators
Indicators |
2011 |
Projection 2012- 2014 |
||
2012 |
2013 |
2014 |
||
Real GDP growth, pct. |
5,9 |
2,5 |
3,7 |
3,4 |
Annual inflation rate, pct. |
4,1 |
2,7 |
3,1 |
3,5 |
Unemployment level, pct. |
15,4 |
14,0 |
12,8 |
11,5 |
Balance on goods and services, pct. GDP |
-1,5 |
-1,4 |
-1,6 |
-1,7 |
Current account balance, pct. GDP |
-1,6 |
-1,8 |
- |
- |
Government sector balance, pct. GDP |
-5,5 |
-2,8 |
-1,8 |
- |
Government sector debt, pct. GDP |
38,5 |
37,9 |
37,1 |
- |
- In 2011, national budget revenues amounted to LTL 19 658,2 million (excluding budget revenues from the European Union and other foreign state funding). Budget revenues from EU and other foreign state funding amounted to LTL 5 838,5 million (1/5 of total budget revenues). In 2011, the European Union funding comprised 5,5 per cent of the national GDP.
It is estimated, that in 2012 national budget revenues could amount to LTL 21 073 million (excluding budget revenues from the European Union and other foreign state funding), which is by 5,9 per cent more than in 2011. Total budget revenues (including revenues from the European Union and other foreign state funding) could amount to LTL 28 204 million, which is by 5,1 per cent more than in 2011.
- In 2011, the national GDP amounted to LTL 105,7 billion (EUR 30,6 billion) and, against the same period of 2010, increased by 11,3 per cent. GDP per capita amounted to LTL 32789 (EUR 9496).
In the first half-year 2012, national GDP amounted to LTL 53,9 billion (EUR 15,6 billion), which is by 3 per cent more than in the same period in 2011.
In 2011, the increase of exports from Lithuania was one of the fastest in the European Union. In 2011, exports amounted to LTL 69,6 billion (EUR 20,2 billion) and, against the same period of 2010, increased by 28,9 per cent. Most goods were exported to Russia, Latvia, Germany and Poland.
In January-June 2012, exports amounted to LTL 33,2 billion (EUR 9,6 billion) and, against the same period of 2011, increased by 7,3 per cent. During this period most goods were exported to Russia, Latvia, Germany and Estonia.
- In 2011, imports amounted to LTL 78,2 billion (EUR 22,6 billion) and, against the same period of 2010, increased by 28,2 per cent. Most goods were imported from Russia (32,8 per cent), Germany, Poland and Latvia.
In January-June 2012, imports amounted to LTL 38,1 billion (EUR 11 billion) and, against the same period of 2011, increased by 4,6 per cent. During this period most goods were imported from Russia, Germany, Poland and Latvia.
- As of 31 March 2012, cumulative foreign direct investment (FDI) in Lithuania amounted to LTL 42,9 billion (EUR 12,4 billion). Over the first quarter 2012, it increased by 15,4 per cent. FDI per capita amounted to LTL 13 443 (EUR 3893) on average. The largest investment was made by Swedish, Polish, German investors. Cumulative FDI in Lithuania from EU-27 countries amounted to LTL 32,3 billion (75,4 per cent of total FDI), from CIS countries – LTL 2,9 billion (6,8 per cent).
- Major investors in Lithuania: “PKN Orlen”, “Western Union”, “Barclays”, “Thermo Fisher Scientific”, “Philip Morris”, “SEB”, “Danske Bank”.
- As of 31 March 2012, Lithuanian cumulative direct investment abroad amounted to LTL 5,7 billion (EUR 1,7 billion). Over the first quarter 2012, it increased by 6,6 per cent. The largest Lithuanian investment was made in the Netherlands, Latvia and Cyprus.
- In 2011, as compared to 2010, monthly gross (before taxes) earnings in the whole economy grew by 2,9 per cent and amounted to LTL 2045; net (after taxes) earnings – grew by 2,7 per cent and amounted to LTL 1594. Yet real earnings dropped by 1,3 per cent, which means that in 2011 consumer prices grew faster than net earnings.
- In 2011, Lithuania was visited by 1,75 million tourists, which is by 20,3 per cent more than in the same period of 2010. That is the largest amount of tourists since Lithuania has joined the Schengen Area.
In January–June 2012, accommodation establishments received 853,9 thousand tourists, or by 12.2 per cent more than in the same period of 2011.