GDP growth

Government presents 2024 draft budget

Minister of Finance Gintarė Skaistė presented the 2024 draft budget at a sitting of the Government on Thursday.

Nearly a third of Lithuanians are pensioners

A total of 882.1 thousand people in Lithuania received at least one type of pension at the end of 2022, according to preliminary estimates from the State...

Šimonytė: GDP decline was expected

Prime Minister Ingrida Šimonytė is not surprised about lower gross domestic product (GDP) indicators in the first quarter of 2023 as this had been predicted.

Lithuania enters technical recession after economy shrinks 3% in Q1

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...

IMF lowers 2023 growth forecast for Lithuania

The International Monetary Fund (IMF) predicts a slower growth for the global economy and a longer period of high inflation this year.