Current Account in Lithuania
Lithuania - Current Account
Growth lost steam in the third quarter, as lower crop yields due to drought and weak external sector’s dynamics weighed on growth. Exports decelerated to a three-year low in Q3, largely on the back of a slowdown in the transport and logistics sector. Nevertheless, domestic demand metrics were more upbeat in Q3: Fixed investment remained elevated while private consumption growth ticked up amid moderating inflationary pressures and tight labor market conditions. Meanwhile, available data signals stronger growth in the fourth quarter. Industrial output soared in October, propped up by a rebound in manufacturing production. In addition, exports shot up in October while upbeat retail sales pointed to strong household consumption in the same month. In the political arena, the Lithuanian parliament approved the 2019 budget. This is despite the opposition’s concerns over the planned tax reform and growing social pressure amid ongoing nationwide strikes by teachers who are demanding public sector reform and higher salaries.Lithuania - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | 0.8 | 3.4 | -2.9 | -1.2 | 0.8 |
Lithuania Current Account Chart
Source: Lithuania Central Bank and FocusEconomics calculations.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.25 | 0.0 % | Jan 16 |
| Stock Market | 633 | 0.45 % | Jan 16 |
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Economic News
Lithuania: Inflation falls to a two-year low in December
January 10, 2019
Consumer prices dipped 0.6% from the previous month in December, compared to a 0.1% month-on-month drop in November.
Lithuania: Industrial production growth slows in November
December 21, 2018
Industrial output rose 2.9% year-on-year in November, down from October’s impressive 10.9% jump.
Lithuania: Inflation falls in November
December 11, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.6% month-on-month increase in October.
Lithuania: Second estimate confirms a marked deceleration in growth in Q3
November 30, 2018
According to detailed data released by the Statistical Institute on 30 November, the economy expanded 2.4% in annual terms in the third quarter (previously reported: +2.2% year-on-year), down from the second quarter’s 3.8% year-on-year increase.
Lithuania: Industrial production rebounds with vigour in October
November 23, 2018
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction.
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