Current Account in Lithuania
Lithuania - Current AccountEconomic 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
|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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August 8, 2022
Consumer prices increased 1.24% from the previous month in July, below June's 2.32% rise.
July 25, 2022
Industrial production grew 0.7% year on year in June (May: +7.5% yoy).
July 8, 2022
Consumer prices increased 2.32% over the previous month in June, broadly stable from May's 2.34% rise.
June 23, 2022
Industrial output grew 7.2% in year-on-year terms in May, which followed April's 18.8% increase.
June 8, 2022
Consumer prices increased 2.34% from the previous month in May, picking up from the 1.90% increase seen in April.