International Internet Magazine. Baltic States news & analytics
Friday, 09.10.2015, 23:06
Statistics Lithuania informs that, after the revision of gross value added and employment indicators, labour productivity estimates were recalculated. In 2014, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.62 at current prices, which is by EUR 0.31 more than in 2013. The gross value added per person employed amounted to EUR 24 975.
Keyword tags: Analytics, Employment, EU – Baltic States, Financial Services, GDP, Lithuania, Markets and Companies
Due to the weak first quarter and lower-than-expected exports, SEB lowered on Wednesday the economic growth forecast for Estonia for the year 2015 to 1.9% instead of 2.2% forecast earlier, LETA/Postimees Online reports.
Analysts from SEB bank have reduced Lithuania's gross domestic product (GDP) growth forecast from 2.6 to 1.8 %, writes LETA/ELTA.
Latvia's gross domestic product will increase 3% in 2016 and 3.6% in 2017 and 2018 each, according to the general budget framework for 2016 that the government approved today, cites LETA.
According to the adjusted data of Statistics Estonia, in 2014, the Estonian general government surplus was 0.8% and the gross debt level was 10.4% of the gross domestic product.
Estonia has one of the most open economies in the European Union, Estonia's central bank Eesti Pank said in comments to the 2014 current account of the Estonian balance of payments data, revealed in the balance of payments yearbook it issued on September 23rd, cites LETA.
The Estonian government agreed on Seotember 18th evening at the cabinet meeting on the state budget for 2016 and at the end of the month, it will be handed over to the Riigikogu; the next year's state budget volume is 8.9 billion euros, LETA/Public Broadcasting reports.