International Internet Magazine. Baltic States news & analytics
Friday, 31.10.2014, 19:45
Statistics Lithuania informs that in III quarter 2014, country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to LTL 33777 million (EUR 9782.5 million) at current prices. Compared to the same period of 2013, the real GDP change, seasonally and working day adjusted, stood at 2.6%, compared to II quarter 2014, increased by 0.4%.
Keyword tags: Analytics, Economics, GDP, Lithuania, Markets and Companies
In the 3rd quarter of 2014 compared with the 2nd quarter of 2014 Gross Domestic Product (GDP) value (seasonally adjusted data) increased by 0.4%, but compared with the 3rd quarter of 2013 it has risen by 2.2%, according to flash estimate* of the Central Statistical Bureau (CSB).
Statistics Lithuania has implemented the methodological requirements set in Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union (ESA 2010) and carried out a revision of the time series of general government finance and national accounts aggregates. In 2013, according to the revised data, the general government deficit totalled LTL 3163.3 million (EUR 916.2 million), or 2.6% of GDP. Over the year, the general government deficit decreased by LTL 460.2 million (in 2012, this indicator stood at 3.2% of GDP).
SEB banka projects that Lithuania will have the fastest growth in the Baltics in 2015, informs LETA/Nozare.lv.
The budget deficit in 2015 is projected at 1% of gross domestic product (GDP), while national debt at 34.6% of GDP in Latvia, informs LETA.
Statistics Lithuania has revised labour productivity in the national economy in 2013. Based on the latest data, the value added per hour actually worked in the whole economy amounted to, on average, LTL 45.94 (EUR 13.31) at current prices, which is by LTL 2 (EUR 0.58) more than in 2012, reports LETA/ELTA.
Currently, the shadow economy in Latvia is at approximately 24.7% of gross domestic product (GDP), according to calculations by Dr. Friedrich Schneider from the Johannes Kepler University of Linz, reports LETA.