Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
Lithuania’s real GDP totalled EUR 84bn at current prices in 2025, which was up 2.7% from 2024, according to seasonally and calendar-adjusted data from the State Data Agency (VDA), BNS reported. According to unadjusted data, the country’s GDP rose by 2.8% on year. Gross value added grew by 3.2% in industry, 3% in services, 2.1%…
Lithuania’s GDP will grow by 2.5% in 2025, according to the Bank of Lithuania’s latest forecast, ELTA reports. In September 2025, the central bank projected that the country’s economy would grow by 2.7% in 2025. The bank now expects the GDP to rise by 3.2% in 2026, by 2.3% in 2027, and by 3.0% in…
The number of housing transactions in Latvia increased by around 20% in the first three quarters of 2025, compared to the same period of 2024, according to real estate agency Latio, LETA reported. The data showed that it took an average of 47 days to sell a home at market price in December 2025, which…
Life satisfaction in the Baltic States was highest in Lithuania in 2024, according to Eurostat data, LSM reports. Lithuanian residents said that their overall satisfaction with life stood at 7.2 out of 10 points, which was the same as the EU average and unchanged from 2023. Meanwhile, life satisfaction was 7.1 (7.2) in Estonia and…
Housing prices in Estonia rose by 5.2% on year in the third quarter of 2025, according to data from Statistics Estonia, ERR reported. The average price of apartments rose by 5.5% and of residential houses by 4.7% over a year. The number of transactions for second-hand housing increased, while the number of purchases of newly-built…
GDP per capita in the Baltic States was highest in Lithuania in 2024, according to preliminary data from Eurostat, BNS reports. Lithuania’s real GDP per capita stood at 87.5% of the EU average in 2024, followed by Estonia with 79.0% and Latvia with 68.4%. Actual individual consumption (AIC) per capita amounted to 88% of the…
Less than half of Latvians saw their income rise in 2025, according to a Norstat survey for Luminor Bank, LSM reports. In the survey, 41% of Latvian residents reported that their income had increased in 2025. Specifically, 27% said that their income had increased by up to 10%, another 10% by 10-15%, and 7% by…
Latvia’s GDP will grow by 1.7% in 2025, according to the Bank of Latvia’s revised macroeconomic forecast, LSM reports. In June 2025, the central bank projected 1.2% GDP growth in 2025. The new forecast expects economic growth to accelerate thanks to increased domestic and external demand. The GDP will grow by 2.8% in 2026, by…