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In the third quarter of 2024, seasonally adjusted gross domestic product (GDP) increased by 0.4% in the euro area and by 0.3% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.
Lithuania’s productivity is falling despite growth of the country’s gross domestic product (GDP), a situation which may lead to a drop in competitiveness and stagnation like in Estonia, Swedbank’s chief economist Nerijus Mačiulis predicts.
Lithuania’s economy is now forecast to expand by 2.4% this year, before accelerating to a 3% growth in 2025, the Luminor bank has said.
Lithuania’s gross domestic product (GDP) is expected to grow by 2.2% next year, or 0.3% more than projected in June, the central bank said Tuesday.
Lithuania’s defence spending could rise to 3.5% of gross domestic product (GDP) in next year’s budget, says the chief presidential adviser on economic and social policy.
The Ministry of Finance has updated Lithuania’s economic projections and expects gross domestic product (GDP) to grow by 2.3% in 2024, rather than by 2.1% projected earlier in June.
On Thursday, the Defence Fund package, which will increase the national defence spending to 3% of gross domestic product (GDP) for the period 2025-2030, prepared by the Ministry of Finance was approved by the Seimas. According to Finance Minister Gintarė Skaistė, the package consists of four parts: ...
Prime Minister Ingrida Šimonytė welcomes the recent initiative of Lithuanian businesses urging politicians to agree on raising defence spending to 4% of gross domestic product (GDP). However, she prefers to keep the ambition realistic and reach consensus on at least 3% of GDP at the start.
Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a year ago to 11.5 billion euros at current prices, the country’s statistics office said on Thursday.
