Nominal GDP for Lithuania was US$65.5bn in 2021, down from US$55.8bn in 2020. The Lithuanian population was estimated at 2.8m in 2021 according to the IMF, while Russia is Lithuania’s biggest trading partner.

Variables Surveyed for Lithuania

Variables covered in our monthly analysis of Lithuania include:

  • Gross Domestic Product (GDP)
  • Private Consumption
  • Gross Fixed Investment
  • Industrial Production
  • Consumer Price Inflation
  • General Government Budget Balance
  • Merchandise Exports
  • Merchandise Imports
  • Trade Balance
  • Current Account Balance
  • Monthly Inflation Forecasts

Consensus Forecasts for Lithuania

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP Growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Eastern Europe Conensus Forecasts, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Lithuania on topics such as:

Main Data Sources for Lithuania

  • State Data Agency of Lithuania: The State Data Agency of Lithuania is officially the Department of Statistics to the Government of the Republic of Lithuania, until 2023, is an institution in Lithuania which is responsible for collecting, processing, presenting and analysing statistics concerning the topics economy, society and environment, and governance regarding the state data.
  • Bank of Lithuania: The Bank of Lithuania is the central bank of the Republic of Lithuania. The Bank of Lithuania is a member of the European System of Central Banks.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.