Lithuania’s real GDP is expected to grow by 2% in 2024, supported by a strong increase in private consumption, continued investment growth and a gradual improvement in trade. In 2025, real GDP is projected to grow faster, by 2.9%, as the EU and euro area economy picks up speed and trade resumes more vigorously.
HICP inflation is forecast to slow down substantially to 1.9% in 2024 following the fast decline in energy prices, before stabilising at 1.8% in 2025 as services inflation eases. In 2024, the general government deficit is projected to increase to 1.8% of GDP, mainly due to increases in social spending, public wages, and current transfers paid by the government. In 2025, it is forecast to further increase to 2.2%.
Source: European Comission – Economy and Finance