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In the first quarter of 2023, Lithuania’s gross domestic product (GDP) amounted to EUR 15.8 billion at current prices. Compared to the last quarter of 2022, the real GDP change, seasonally and calendar adjusted, was negative and stood at -3 percent, the State Data Agency said on Tuesday.
Around 107,000 people in Lithuania, or 3.8 percent of the population, lived below the absolute poverty line last year, d...
Article: Negative economic trends prevail in Lithuania - Negative economic trends in Lithuania are still prevalent. The country tries to cope with the consequences of sanctions imposed on Russia and Belarus. Unfortunately, IMF lowers 2023 growth forecast for the country. According to the IMF, it expects inflation in Lithuania to decrease slower than forecast last autumn and to reach 10.5 percent this year.
Net migration of Lithuanian citizens is positive for a third consecutive year, meaning that more Lithuanians are returni...
While incomes in Lithuania grew significantly last year, they could not keep pace with inflation, according to data pres...