Current Account in Lithuania
Lithuania - Current AccountEconomic growth moderated in annual terms in Q3, with all GDP components growing at softer, albeit still-solid rates. Turning to Q4, available data paints a mixed picture. On one hand, consumer sentiment turned pessimistic in October and November amid a sharp spike in new Covid-19 infections, while price pressures reached their highest level in nearly 13 years in November, spelling trouble for private spending in the final stretch of the year. In contrast, the industrial production growth gained steam in October, while merchandise exports continued to grow at a double-digit pace in the same month. Lastly, in a continuation of a diplomatic spat over Taiwan, China recently demanded that multinational companies cut ties with Lithuania or face losing access to the Chinese market—effectively imposing sanctions on the country.
Lithuania - Current Account Data
|Current Account (% of GDP)||-2.4||-1.2||0.4||0.4||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Current Account Chart
Source: Lithuania Central Bank and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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December 1, 2021
According to a second national accounts estimate, GDP rose 4.8% year-on-year in the third quarter of 2021, softening from the 8.3% increase tallied in Q2 and matching the preliminary estimate.
November 23, 2021
Industrial output grew 20.5% in year-on-year terms in October, which was above September's 19.4% increase.
November 9, 2021
Consumer prices increased 1.66% over the previous month in October, picking up from the 1.41% increase seen in September and marking the highest result since January 2009.
October 29, 2021
GDP rose 4.8% year-on-year in the third quarter of 2021, according to preliminary data.
October 8, 2021
Consumer prices rose 1.41% over the previous month in September, accelerating from the 0.40% increase recorded in August.