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…
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…