Latvia’s central bank, the Bank of Latvia, has lowered its GDP forecast for 2026-2028 markedly, LSM reports. GDP growth will amount to 2.0% in 2026, to 2.4% in 2027, and to 3.0% in 2028, according to the latest forecast. In December 2025, the central bank had projected that the GDP would grow by 2.8% in…
The number of unemployed people in Latvia totalled 66,400 in the first quarter of 2026, which was 3,100 (4.5%) fewer than in the same period of 2025, the Central Statistical Bureau (CSP) reported. Compared to the fourth quarter of 2025, the number of unemployed rose by 2,600 (4.0%), however. The country’s unemployment rate stood at…
The number of unemployed people in Estonia totalled 52,200 in the first quarter of 2026, which was 5,100 more than in the fourth quarter of 2025, but much lower than in the first quarter of 2025, according to data from Statistics Estonia, ERR reports. Estonia’s unemployment rate stood at 7.1%, which was up 0.7 percentage…
Lithuania’s GDP will grow by 3.2% in 2026 and 2.1% in 2027, according to SEB Bank’s latest macroeconomic forecast, Lietuvos Rytas reports. The bank thus kept its GDP forecast unchanged from January 2026. The bank raised its projection for annual inflation in Lithuania to 5.7% in 2026 due to increased energy prices. In 2027, inflation…
The number of unemployed people in Lithuania totalled 146,700 at the end of April 2026, which was 8,400 fewer than a month earlier, according to the Lithuanian Employment Service (UzT), ELTA reports. The country’s unemployment rate stood at 8.1%, which was down from 8.5% a month earlier. Unemployment declined in all municipalities for the second…
Lithuania’s GDP will grow by 3% in 2026 and 2.3% in 2027, according to Swedbank’s latest macroeconomic outlook, BNS reports. In January 2026, the bank projected that GDP growth would reach 3.5% in 2026 and 2.5% in 2027. Nerijus Maciulis, Swedbank’s chief economist, said that growth would be spurred by consumption, strong exports, and record…
Poverty in Lithuania has increased across the country, particularly in remote regions, LRT reports. Nearly 700,000 people are living below the poverty risk threshold. The average poverty level in rural areas is almost twice as high as in cities. In some municipalities, every third resident is living in poverty. Ugne Uzgale, head of strategy and…
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…