Republic of Lithuania: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania
IMF Staff Country Reports, June 25, 2018
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- Republic of Lithuania: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Republic of Lithuania
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Bibliographic details
- Published: June 25, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484363157.002
Economic performance in 2017
- Real GDP expanded by 3.9 percent.
- Expansion was largely because of the acceleration of investment, which benefited from credit growth and high capacity utilization.
- Private consumption remained the main engine of growth but was held back by decelerating real wages.
- The external current account swung to a modest surplus with exports benefiting from past investments in export capacity and improved external demand.
Growth outlook for 2018
- Growth in 2018 is projected at 3.2 percent.
- Projection drivers: mainly weaker exports after a very strong performance in 2017 and a slowdown of consumption driven by negative employment growth.
Key themes and sectors highlighted
- Investment: acceleration in 2017 supported overall GDP growth.
- Consumption: continued to be the primary growth engine, constrained by decelerating real wages and projected employment-related slowdown in 2018.
- External sector: shift to a modest current account surplus in 2017 due to stronger exports tied to past export-capacity investments and improved external demand.
- Credit and capacity utilization: credit growth and high capacity utilization were important contributors to the investment-led pickup in 2017.
Content in this bundle
- Country Report