Current Account in Lithuania
Lithuania - Current Account (billions of Euros)The opposition Homeland Union party (the Conservatives) claimed the victory in the country’s general election after winning the first round on 11 October and solidifying their position in the second round on 25 October. The Conservatives are seen forming a center-right coalition with two liberal parties—the Freedom Party and the Liberal Movement—thus cementing a majority in the 141-seat parliament. The Conservatives’ solid economic credentials and the need for coalition-building with liberal parties bode well for business conditions and should ensure the continuity of economic and social policies. Meanwhile, the economic backdrop seemed to improve notably in Q3. Industrial output expanded in the quarter for the first time this year as companies ramped up capacity amid improving economic sentiment. Moreover, retail sales soared in July–August, hinting at recovering consumer demand in Q3.
Lithuania - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||-0.9||-0.4||0.2||0.1||2.1|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Current Account (EUR bn) Chart
Source: Lithuania Central Bank and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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February 23, 2021
Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019.
February 12, 2021
Consumer prices rose 0.49% from the previous month in January, contrasting the 0.03% fall in December.
January 29, 2021
GDP fell 1.2% year-on-year in the fourth quarter of 2020, according to preliminary data released by Statistics Lithuania on 29 January.
January 25, 2021
Industrial output jumped 3.6% in year-on-year terms in December, picking up from November’s 0.6% uptick and marking the strongest increase since September 2019.
January 12, 2021
Consumer prices fell 0.03% from the previous month in December, a smaller drop than November's 0.14% drop.