IMF Staff Country Reports

Lithuania: Recent Economic Developments

Publication Date:

August 26, 1996

Summary:

This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The immediate effects of the banking problems on economic activity, and on other macroeconomic developments, have been limited. Data on industrial production and retail trade indicate continued growth in the first part of 1996.

Series:

Country Report No. 1996/072

Subject:

Banking Currency boards Exchange rates Foreign exchange Inflation Prices Real exchange rates Tariffs Taxes