Unemployment in Lithuania

Lithuania Unemployment | Economic News & Forecasts

Lithuania - Unemployment

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 - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate8.8  7.6  6.7  6.0  6.4  

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Lithuania Unemployment Chart

Lithuania Unemployment
Note: Unemployment in % of active population.
Source: Statistics Lithuania.

Lithuania Facts

Value Change Date
Bond Yield0.430.0 %Dec 30

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