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…
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…
Estonia needs more skilled foreign labour, Hando Sutter, CEO of the Estonian Employers’ Confederation (ETK), stated, ERR reports. Speaking on ETV, Sutter noted that Estonia’s employment rate was now one of the highest in history. At the same time, the number of births was likely to be the lowest in 100 years in 2025, he…
The unemployment rate in the Baltic States was lowest in Latvia in August 2024, according to Eurostat data, LETA reports. Latvia’s unemployment rate stood at 7.0%, compared to 7.9% in both Estonia and Lithuania. Average unemployment in the EU stood at 5.9% and at 6.4% in the eurozone.
Estonia’s GDP will decline by 0.4% in 2024, before rising by 1.9% in 2025 and 3.0% in 2026, according to the Bank of Estonia’s latest forecast, ERR reports. Annual inflation will reach 3.5% in 2024, rising to 3.9% in 2025 and then falling again to 3.6% in 2025, the central bank projects. Inflation will rise…
Latvia had a total of 64,900 unemployed people in August 2024, which was 3,500 more than in the same period of 2023, according to the Central Statistical Bureau (CSP), LETA reports. Compared to July 2024, the number of unemployed rose by 100 people. Latvia’s actual unemployment rate stood at 6.8% in August 2024, which was…
Lithuania’s central bank, the Bank of Lithuania, has raised its GDP growth forecast for 2024, BNS reports. The central bank now expects the GDP to grow by 2.2% in 2024, up from its previous forecast of 1.9% in June 2024. The central bank projects that the GDP will rise by 3.1% in 2025 and 3.3%…
Lithuania’s GDP will grow by 2.3% in 2024 and 2.9% in 2025, according to the Finance Ministry’s revised forecast, BNS reports. In June 2024, the ministry projected that the GDP would grow by 2.1% in 2024 and 2.9% in 2025. Average annual inflation will slow down to 1.0% (1.1%) in 2024, before rising to 2.5%…
Estonia’s unemployment rate stood at 7.6% in the second quarter of 2024, according to data from Statistics Estonia, Estonian World reports. The number of unemployed declined by 1,100 people over a quarter. Compared to the second quarter of 2023, the number of unemployed increased by 7,600, however. The employment rate stood at 69.7%, and the…