Analytics, Baltic, Economics, EU – Baltic States, GDP
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 00:24
IMF classifies the Baltic States as advanced economies
Print version
The IMF forecasts that Lithuania's real GDP will grow by 2.8% in 2015 and by 3.2% in 2016. Meanwhile, the average annual inflation will be negative, at –0.3%, in 2015 but at 2.0% in 2016.
|
Country |
Subject Descriptor |
Units |
Scale |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
|
Estonia |
Gross domestic product, constant prices |
National currency |
Billions |
16.937 |
17.290 |
17.726 |
18.328 |
18.946 |
19.590 |
20.255 |
20.938 |
|
Estonia |
Gross domestic product, constant prices |
Percent change |
|
1.630 |
2.083 |
2.523 |
3.394 |
3.376 |
3.397 |
3.393 |
3.376 |
|
Latvia |
Gross domestic product, constant prices |
National currency |
Billions |
20.841 |
21.333 |
21.824 |
22.554 |
23.396 |
24.305 |
25.262 |
26.261 |
|
Latvia |
Gross domestic product, constant prices |
Percent change |
|
4.226 |
2.362 |
2.298 |
3.346 |
3.732 |
3.888 |
3.938 |
3.951 |
|
Lithuania |
Gross domestic product, constant prices |
National currency |
Billions |
31.859 |
32.792 |
33.726 |
34.810 |
35.981 |
37.262 |
38.626 |
40.066 |
|
Lithuania |
Gross domestic product, constant prices |
Percent change |
|
3.257 |
2.929 |
2.849 |
3.213 |
3.365 |
3.559 |
3.661 |
3.72 |
Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, says that the recognition by one of the most influential global financial organisations not only marks the appreciation of Lithuania's development but also obligates to strive for sustainable economic development following fiscal discipline and consistently bringing Lithuania's financial system and the whole economy towards the most advanced economies of the world.
Lithuania has been classified as an advanced economy together with other countries of the euro area.
The IMF's World Economic Outlook classifies countries based on GDP per capita, export diversification and integration into the global financial system. Countries are grouped into advanced economies, emerging markets and developing economies.
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