Analytics, Baltic States – CIS, Economics, EU – Baltic States, GDP

Regarding the GDP, Latvia will be the fastest-growing Baltic country, the SEB banka experts believe. GDP will climb by 2.7% next year and 3.5% in 2017.

This growth will continue due to consumption, however, European Union (EU) funding will have limited impact on the increase on investment activity. Total export volume this year will rise only a bit, due to market diversification.

Estonia’s growth forecast for 2015 has been moderately decreased due to weak export, but growth will rebound – sustained primarily by a consumption boom and strong demand from Sweden. GDP will increase by 2.7% in 2016 and 3.4% in 2017.

Lithuania's pace will be leisurely this year, slowed by Russian developments but also by low prices that have hurt the country’s important refined oil export. Growth will accelerate to a decent 3% or so annually during 2016-2017.