Current Account in Lithuania
Lithuania - Current Account
Economic growth moderated in Q1 due to weaker performances in the industrial, wholesale and retail trade sectors. Although more comprehensive data is yet to be released, available data for the quarter hints at subdued consumer spending. The unemployment rate remained elevated in Q1, while consumer sentiment tumbled to its lowest level since the outbreak of the Covid-19 pandemic in March. Moreover, inflation hit never-before-seen levels in March, and only worsened at the outset of Q2, when price pressures hit a fresh record high. In addition, industrial output moderated markedly in April, as sanctions against Belarus—a major trading partner—took hold. Lastly, the European Commission’s recent 2022 Country Report noted that Lithuania should push forward reforms in the energy sector in order to offset rising energy costs and reduce its increasing carbon footprint.Lithuania - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -2.4 | -1.2 | 0.4 | 0.4 | 4.4 |
Lithuania Current Account Chart
Source: Lithuania Central Bank and FocusEconomics calculations.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.43 | 0.0 % | Dec 30 |
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Economic News
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Lithuania: Inflation comes in at highest level since September 1996 in May
June 8, 2022
Consumer prices increased 2.34% from the previous month in May, picking up from the 1.90% increase seen in April.
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Lithuania: Industrial output records slowest growth since August 2021 in April
May 23, 2022
Industrial output increased 18.4% compared to the same month of the previous year in April, which followed March's 27.4% increase.
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Lithuania: Inflation comes in at highest level in 26 years
May 9, 2022
Consumer prices rose 1.90% in April over the previous month, moderating from the 2.35% rise recorded in March.
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Lithuania: Economic growth moderates at the outset of the year
April 29, 2022
GDP rose 4.4% year-on-year in the first quarter of 2021, according to preliminary data.
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Lithuania: Industrial output growth gains steam in March
April 22, 2022
Industrial output increased 25.8% in year-on-year terms in March, which was above February's 19.9% increase.
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