 |
| Main socio-economic indicators in Lithuania |
|
| POPULATION, beginning of period, thous. |
3357.7 |
III Q 2008 |
| Vilnius city, thous. |
582 |
|
| Kaunas city, thous. |
402 |
|
| Klaipeda city, thous. |
198 |
|
| Siauliai city, thous. |
135 |
|
| Panevezys city, thous. |
121 |
|
| INFLATION, compared to July 2008, % |
0.2 |
August 2008 |
| Inflation, by HICP, FORECAST against August 2008, % |
0.4 |
September 2008 |
| FOREIGN DIRECT INVESTMENT, beginning of period, bill. LTL |
33.6 |
II Q 2008 |
| CHANGE OF GROSS DOMESTIC PRODUCT (GDP), corresponding period of previous year, % (second estimate) |
5.3 |
II Q 2008 |
| AVERAGE MONTHLY EARNINGS, LTL |
2236.8 |
II Q 2008 |
|
|
Statistics Lithuania informs that prices for consumer goods and services in August 2008 as compared with July grew by 0.2 per cent.
The diagram presents monthly changes in prices for consumer goods and services as compared with the previous month.
In August 2008, the most decisive impact on the total change in consumer prices was made by a 1.9 per cent increase in prices for housing, water, electricity, gas and other fuels, 0.9 per cent – for services of hotels, cafes and restaurants, 0.7 per cent – for miscellaneous goods and services, as well as by a 2.1 per cent price drop for transport group of goods and services. The impact on the general consumer price change depends not only on the price change for a product, service, or a group thereof, but also on the specific weight of this expenditure in the total consumption expenditure.
Prices for consumer services in August 2008, against July, increased by 0.9 per cent, those for goods decreased by 0.1 per cent.
Changes in prices for the group of goods and services related to housing, water, electricity, gas and other fuels were mainly influenced by a 9.1 per cent price rise for hot water, 11.8 per cent – centralized heat supply through the hot water piping system, 9.2 per cent – liquefied gas for cooking, 2.4 per cent – actual rentals for housing.
The increase in prices for services of hotels, cafes and restaurants was conditioned by a 1.0 per cent price rise for public catering services.
Changes in prices for the group of miscellaneous goods and services were mainly influenced by a 2.0 per cent price rise for hairdresser’s and other personal care services, 1.8 per cent – funerary articles, 0.6 per cent – each personal hygiene products and insurance services, 0.9 per cent – jewellery, 1.9 per cent – funeral services.
Changes in prices for the group of transport goods and services were mainly influenced by a 5.9 per cent price drop for petrol, 7.7 per cent – diesel fuel. Liquefied gas for cars went up in price by 6.4 per cent, passenger road transport services – 1.3 per cent, passenger railway transport services – 5.6 per cent.
Regarding other goods and services, which determined the general change in consumer prices in August 2008, the following could be mentioned: a 2.5 per cent price rise for meat and meat products, 1.2 per cent – bread and cereal products, 0.7 per cent – clothing, 1.9 per cent – package holidays, 1.0 – mobile phone communication services, 0.4 per cent – pharmaceuticals, as well as by a 9.9 per cent price drop for vegetables and potatoes, 5.2 per cent – fruits and berries, 0.6 per cent – milk and milk products, cheese, eggs, 2.0 per cent – data processing equipment, 3.8 per cent – flowers.
In August 2008, annual inflation (August 2008 against August 2007) made up 12.0 per cent. The annual inflation rate was mostly influenced by a 17.8 per cent price rise for food products and non-alcoholic beverages, 19.4 per cent – housing, water, electricity, gas and other fuels, 15.5 per cent – transport group of goods and services, as well as by a 3.3 per cent price drop for clothing and footwear.
Consumer goods showed an annual increase of 11.9, while services – of 12.3 per cent.
In August 2008, average annual inflation made up 10.3 per cent.
Price changes of key consumer goods and services groups in August 2008
Per cent
|
Commodity and service groups
|
Specific weight in total consumption expenditure
|
Growth, drop (-)
|
|
August 2008 against
|
average annual
|
|
July 2008
|
2007
|
2007–2008 08
2006–2007 08
|
|
December
|
August
|
|
Total CPI
|
100.0
|
0.2
|
7.2
|
12.0
|
10.3
|
|
Food products and non-alcoholic beverages
|
25.7
|
0.0
|
8.8
|
17.8
|
16.8
|
|
Alcoholic drinks and tobacco products
|
6.6
|
0.1
|
14.3
|
15.2
|
12.6
|
|
Clothing and footwear
|
8.2
|
0.4
|
-8.4
|
-3.3
|
-4.3
|
|
Housing, water, electricity, gas and other fuels
|
12.4
|
1.9
|
11.2
|
19.4
|
16.3
|
|
Furnishings, household equipment and routine maintenance
|
6.4
|
0.2
|
4.0
|
5.2
|
4.0
|
|
Health care
|
5.3
|
0.4
|
8.7
|
10.7
|
10.0
|
|
Transport
|
11.5
|
-2.1
|
10.8
|
15.5
|
13.2
|
|
Communications
|
4.1
|
0.5
|
1.2
|
0.0
|
-4.7
|
|
Recreation and culture
|
7.6
|
-0.1
|
3.0
|
1.2
|
0.7
|
|
Education
|
1.5
|
0.0
|
2.1
|
9.1
|
9.1
|
|
Hotels, cafes and restaurants
|
5.7
|
0.9
|
12.1
|
16.2
|
14.1
|
|
Miscellaneous goods and services
|
5.0
|
0.7
|
6.8
|
8.8
|
8.5
|
Inflation – the decrease in the purchasing power of a currency unit, which manifests itself with a long-term increase in the average general price level.
Deflation – the increase in the value of a currency unit, which manifests itself with a decrease in the average general price level.
Annual inflation shows relative changes of the average price rate between the current month and the corresponding month of the previous year.
Average annual inflation shows relative changes of the average price rate between the average of the latest twelve months and the average of the corresponding previous twelve months.
The Press release on the September 2008 CPI is due on 8 October 2008.
|
|
Statistics Lithuania informs that based on provisional data as of 1 January 2008foreign direct investment (FDI) made LTL 34.60 billion, or by 19.6 per cent more than on 1 January 2007(LTL 28.92 billion). The per capita FDI equalled, on average, LTL 10.3 thousand (on 1 January 2007 – LTL 8.5 thousand).
FDI in Lithuania, at the beginning of the year
The bulk of investment fell per investors from Poland – LTL 6.24 billion (18.0 per cent of the total FDI), Denmark – LTL 4.45 billion (12.9 per cent), Sweden – LTL 4.04 billion (11.7 per cent), Russia – LTL 3.34 billion (9.6 per cent), Germany – LTL 2.96 billion (8.6 per cent), Estonia – LTL 2.03 billion (5.9 per cent), Finland – LTL 1.78 billion (5.2 per cent), Latvia – LTL 1.53 billion (4.4 per cent), the Netherlands – LTL 1.48 billion (4.3 per cent). In 2007, the mostly invested were Latvia, Sweden and Russia. Direct investment from the EU 27 countries made LTL 27.80 billion (80.3 per cent), from the CIS countries – LTL 3.45 billion (10.0 per cent) of the total FDI.
Table 1. FDI by economic activity
|
|
1 January 2007
|
1 January 2008
|
|
LTL billion
|
per cent
|
LTL billion
|
per cent
|
|
Total
|
28.92
|
100
|
34.60
|
100
|
|
Agriculture, forestry, fishery
|
0.17
|
0.6
|
0.19
|
0.5
|
|
Mining and quarrying
|
0.16
|
0.6
|
0.19
|
0.5
|
|
Manufacturing
|
11.51
|
39.8
|
12.57
|
36.3
|
|
Electricity, gas and water supply
|
3.05
|
10.5
|
3.21
|
9.3
|
|
Construction
|
0.47
|
1.6
|
0.55
|
1.6
|
|
Wholesale and retail trade; repairs of household appliances
|
3.09
|
10.7
|
3.96
|
11.5
|
|
Hotels and restaurants
|
0.20
|
0.7
|
0.26
|
0.8
|
|
Transport, storage and communications
|
3.13
|
10.8
|
4.44
|
12.8
|
|
Financial intermediation
|
4.60
|
15.9
|
5.95
|
17.2
|
|
Real estate and other business activities
|
2.27
|
7.8
|
2.90
|
8.4
|
|
Other business activities
|
0.27
|
1.0
|
0.38
|
1.1
|
As of 1 January 2008, the bulk of investment fell per manufacturing – 36.3 per cent (of which manufacture of petrol and chemical products – 23.4 per cent), financial intermediation – 17.2 per cent, transport, storage and communication – 12.8 per cent, wholesale and retail trade – 11.5 per cent, electricity, gas and water supply – 9.3 per cent, real estate, rent and other business activities – 8.4 per cent of the total FDI. In 2007, the bulk of investment fell per financial intermediation, manufacturing, wholesale and retail trade, transport, storage and communication.
Within manufacturing, the bulk of investment fell per oil refinery products and manufacture of chemical products – LTL 8.10 billion (64.4 per cent of the total investment in manufacturing), manufacture of food products, beverages and tobacco – LTL 1.52 billion (12.1 per cent).
Table 2. FDI by county
|
|
1 January 2007
|
1 January 2008
|
|
LTL billion
|
per capita, LTL thousand
|
LTL billion
|
per capita, LTL thousand
|
|
Total
|
28.92
|
8.5
|
34.60
|
10.3
|
|
Alytus county
|
0.42
|
2.3
|
0.43
|
2.4
|
|
Kaunas county
|
2.45
|
3.6
|
3.92
|
5.8
|
|
Klaipėda county
|
2.16
|
5.7
|
2.63
|
6.9
|
|
Marijampolė county
|
0.10
|
0.5
|
0.09
|
0.5
|
|
Panevėžys county
|
0.52
|
1.8
|
0.58
|
2.0
|
|
Šiauliai county
|
0.39
|
1.1
|
0.42
|
1.2
|
|
Tauragė county
|
0.03
|
0.3
|
0.06
|
0.5
|
|
Telšiai county
|
6.32
|
36.2
|
5.88
|
33.9
|
|
Utena county
|
0.24
|
1.4
|
0.32
|
1.9
|
|
Vilnius county
|
16.29
|
19.2
|
20.27
|
23.9
|
The bulk of FDI fell per Vilnius county – LTL 20.27 billion (58.6 per cent), Telšiai county – LTL 5.88 billion (17.0 per cent), Kaunas county – LTL 3.92 billion (11.3 per cent), Klaipėda county – LTL 2.63 billion (7.6 per cent). The smallest share of FDI fell per Tauragė (LTL 62.2 billion, or 0.2 per cent) and Marijampolė (LTL 87.5 billion, or 0.3 per cent) counties. The highest average per capita FDI fell per Telšiai county – LTL 33.9 thousand, Vilnius county – LTL 23.9 thousand, Klaipėda county – LTL 6.9 thousand, Kaunas county – LTL 5.8 thousand, while the lowest – Tauragė (LTL 488) and Marijampolė (LTL 483) counties.
As of 1 January 2008, Lithuanian enterprises’ direct investment abroad made LTL 3.69 billion, or by 34.7 per cent more than on 1 January 2007 (LTL 2.74 billion). Most of all – LTL 1.08 billion (29.4 per cent of the total direct investment abroad) – was invested in Latvia, Russia – LTL 0.47 billion (12.7 per cent), Poland – LTL 0.38 billion (10.3 per cent), Ukraine – LTL 0.38 billion (10.3 per cent), Estonia – LTL 0.26 billion (7.1 per cent), United Kingdom – LTL 0.24 billion (6.6 per cent). In 2007, the most obvious growth of Lithuanian enterprises’ direct investment abroad was observed for that in Latvia and the United Kingdom. Lithuania’s direct investment in the EU-27 countries made LTL 2.48 billion (67.4 per cent of Lithuania’s investment abroad), in CIS countries – LTL 0.90 billion (24.5 per cent).
As far as investment abroad is concerned, Lithuanian enterprises mostly invested in real estate, renting and other business enterprises – LTL 1.24 billion (33.6 per cent of the total direct investment abroad), manufacturing – LTL 0.75 billion (20.3 per cent), financial intermediation – LTL 0.67 billion (18.2 per cent), wholesale and retail trade – LTL 0.43 billion (11.7 per cent), transport, storage and communication – LTL 0.25 billion (6.8 per cent). Within manufacturing, the bulk of investment fell per manufacture of chemical products – 46.0 per cent of the total direct investment in manufacturing abroad, food products, beverages and tobacco – 26.7 per cent.
The present press release presents provisional data on direct investment. Final annual data on direct investment as of 1 January 2008 will be published in November. |
|
Statistics Lithuania estimated GDP components for II quarter 2008 by production, expenditure and income approaches and revised the previously published first GDP estimate. Based on the revised data, in II quarter 2008, GDP at current prices made LTL 28 234.4 million, and against II quarter 2007 grew by 5.3 per cent. The previously published first GDP estimate made LTL 28 393.3 million, its growth – 5.5 per cent. The major impact on the revised estimate was made by the received statistical data on construction, transport, trade, real estate and other business services. In I quarter 2008, GDP made LTL 52 428.1 million, and against the respective period of the previous year grew by 6.1 per cent.
In II quarter 2008, the most rapid growth was observed for the value added of industrial and energy (6.3 per cent), construction sectors (5.9 per cent), as well as trade, transport and communication (5.8 per cent) and financial intermediation and other business services (5.6 per cent). The value added of non-market services was increasing at a slower pace and made up 3.4 per cent. The slowest growth was observed for the value added of agriculture and fishing (0.9 per cent).
Over April–June 2008, the growth rate of consumption expenditure was slower than in I quarter 2008, whereas the growth in inflation slowed down consumption, while the slowdown in construction conditioned a decrease in capital formation. Final consumption expenditure grew by 7.3 per cent, gross fixed capital formation – by 5.1 per cent. The growth rates of household final consumption and general government consumption expenditure made up, respectively, 8.4 and 3.2 per cent. Due to the slowdown in domestic consumption, the growth in exports of goods and services slightly exceeded that of imports (exports grew by 9.9, imports – by 9.0 per cent).
Figure 1. Changes in GDP
As compared to the respective period of the previous year
Changes in GDP indicators
|
|
At current prices
|
Chain-linked volume
|
Change, seasonally and working days adjusted, %
|
|
LTL million
|
EUR million
|
LTL million
|
Change, %
|
|
a)
|
b)
|
c)
|
d)
|
|
2005
|
71380
|
20673
|
66550
|
7.9
|
7.9
|
7.9
|
7.9
|
|
I
|
14735
|
4268
|
14699
|
-8.9
|
5.6
|
1.8
|
6.7
|
|
II
|
17609
|
5100
|
16165
|
10.0
|
7.4
|
2.0
|
7.1
|
|
III
|
19143
|
5544
|
17988
|
11.3
|
8.8
|
2.8
|
9.2
|
|
IV
|
19894
|
5762
|
17697
|
-1.6
|
9.6
|
1.8
|
8.7
|
|
2006◘
|
81905
|
23721
|
71649
|
7.7
|
7.7
|
7.7
|
7.7
|
|
I
|
16933
|
4904
|
15905
|
-10.1
|
8.2
|
1.4
|
8.2
|
|
II
|
20080
|
5815
|
17629
|
10.8
|
9.1
|
2.3
|
8.6
|
|
III
|
22103
|
6402
|
19116
|
8.4
|
6.3
|
0.6
|
6.3
|
|
IV
|
22789
|
6600
|
19000
|
-0.6
|
7.4
|
3.1
|
7.6
|
|
2007*
|
96740
|
28018
|
77935
|
8.8
|
8.8
|
8.8
|
8.8
|
|
I
|
19788
|
5731
|
17190
|
-9.5
|
8.1
|
1.9
|
8.1
|
|
II
|
23685
|
6860
|
19046
|
10.8
|
8.0
|
2.2
|
8.0
|
|
III
|
26042
|
7542
|
21184
|
11.2
|
10.8
|
2.9
|
10.4
|
|
IV
|
27224
|
7885
|
20518
|
-3.1
|
8.0
|
1.3
|
8.5
|
|
2008*
|
|
|
|
|
|
|
|
|
I
|
24194
|
7007
|
18395
|
-10.3
|
7.0
|
0.3
|
6.8
|
|
II ¨
|
28234
|
8177
|
20058
|
9.0
|
5.3
|
0.9
|
5.5
|
Figure 2. Changes in GDP
 ¨ Second estimate. * Provisional data. ◘ Non-final data.
a) Against the previous period. b) Against the respective period of the previous year.
c) Against the previous period, seasonally and working days adjusted. d) Against the respective quarter of the previous year, seasonally and working days adjusted.
|
|
Statistics Lithuania informs that average monthly gross earnings in the whole economy (excluding individual enterprises) in II quarter 2008 made LTL 2236.8 andagainst II quarter 2007 increased by 22.5 per cent, in the public sector – LTL 2287.2 (increased by 23.8 per cent), in the private sector – LTL 2208.0 (increased by 21.7 per cent).
In II quarter 2008 against I quarter 2008, average monthly gross earnings increased: in the whole economy – by 4.0 per cent, in the public sector – by 5.0 per cent, in the private sector – by 3.4 per cent.
The rise in earnings over II quarter 2008 as compared to I quarter 2008 was conditioned by the higher number of working days, the rise in salaries and wages for health care employees from 1 May and rise in salary coefficients for teachers.
Average monthly net earnings in the whole economy (excluding individual enterprises) in II quarter 2008 made LTL 1713.1 and against II quarter 2007 increased by 25.2 per cent; in the public sector – by LTL 1749.8 and were by 26.5 per cent higher than in II quarter 2007; in the private sector – by LTL 1692.0 and were by 24.4 per cent higher as compared to II quarter 2007.
Average monthly net earnings in II quarter 2008 against I quarter 2008 in the whole economy increased by 3.8 per cent, in the public sector – by 4.7 per cent, in the private sector – by 3.2 per cent.
Real earnings in the whole economy (excluding individual enterprises) in II quarter 2008 and against II quarter 2007 increased by 11.7 per cent, in the public sector – by 12.8 per cent, in the private sector – by 11.0 per cent.
In II quarter 2008 against I quarter 2008, real earnings increased: in the whole economy – by 0.7 per cent, in the public sector – by 1.6 per cent, in the private sector – by 0.1 per cent.
Table 1. Average monthly gross earnings by economic sector 1, category of employees and sex,
2008, by quarter
LTL
|
|
Total number of employees
|
Of them
|
|
blue-collar workers
|
white-collar workers
|
|
total
|
males
|
females
|
total
|
males
|
females
|
total
|
males
|
females
|
|
I
|
W
|
2151.3
|
2405.2
|
1906.8
|
1656.0
|
1880.9
|
1288.8
|
2579.2
|
3147.5
|
2233.2
|
|
Pu
|
2178.5
|
2541.2
|
1981.9
|
1379.5
|
1703.1
|
1059.7
|
2490.8
|
3093.4
|
2238.8
|
|
Pr
|
2135.8
|
2357.5
|
1842.7
|
1733.8
|
1918.9
|
1382.7
|
2662.7
|
3180.4
|
2226.3
|
|
II
|
W
|
2236.8
|
2491.0
|
1992.3
|
1723.0
|
1967.7
|
1325.7
|
2678.4
|
3223.7
|
2344.3
|
|
Pu
|
2287.2
|
2650.0
|
2093.0
|
1439.6
|
1794.9
|
1102.3
|
2619.8
|
3204.7
|
2375.6
|
|
Pr
|
2208.0
|
2435.5
|
1904.9
|
1803.7
|
2004.1
|
1420.7
|
2733.6
|
3235.2
|
2305.7
|
1 Excluding individual enterprises.
Table 2. Average monthly net earnings by economic sector 1, category of employees and sex,
2008, by quarter
LTL
|
|
Total number of employees
|
Of them
|
|
blue-collar workers
|
white-collar workers
|
|
total
|
males
|
females
|
total
|
males
|
females
|
total
|
males
|
females
|
|
I
|
W
|
1650.6
|
1836.0
|
1472.2
|
1289.1
|
1453.2
|
1021.0
|
1963.0
|
2377.9
|
1710.4
|
|
Pu
|
1670.5
|
1935.2
|
1526.9
|
1087.2
|
1323.5
|
853.7
|
1898.4
|
2338.4
|
1714.5
|
|
Pr
|
1639.3
|
1801.2
|
1425.4
|
1345.8
|
1480.9
|
1089.6
|
2023.9
|
2401.9
|
1705.4
|
|
II
|
W
|
1713.1
|
1898.6
|
1534.6
|
1338.0
|
1516.6
|
1047.9
|
2035.4
|
2433.5
|
1791.5
|
|
Pu
|
1749.8
|
2014.6
|
1608.0
|
1131.1
|
1390.5
|
884.8
|
1992.6
|
2419.6
|
1814.4
|
|
Pr
|
1692.0
|
1858.1
|
1470.8
|
1396.9
|
1543.2
|
1117.3
|
2075.7
|
2441.9
|
1763.3
|
|
|
|
|
|
|
