Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population2.91 million2.93 million2.96 million
WDI
A.1.1
Urban population (% of total)66.51% of total66.52% of total66.55% of total
WDI
A.1.4
Urban population growth (annual %)-.78%-.91%-1.09%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)41,267 USD (millions)48,468 USD (millions)46,426 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)82,355 USD (millions)80,259 USD (millions)76,637 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)14,210.28 USD 16,528.56 USD 15,696.88 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)28,359.1 USD 27,369.89 USD 25,911.25 USD
WEO
A.2.4
GDP, constant prices (Percent change)1.59%3.03%3.55%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)-.25%-.19%.53%
WEO
A.2.6
GDP, deflator (Index)111.18110.69109.41
WEO
A.2.7
Consumer price index107.63108.59108.47
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Unemployed9.11%10.7%11.77%
Statista
A.2.14.3
Interest Rates:A.2.15
Yield on 3 months treasury billsNot availableNot available.61%
IFS
A.2.15.2
Yield on 10-year Government bond1.38%2.79%3.83%
IFS
A.2.15.3
Average bank deposit rateNot availableNot availableNot available
IFS
A.2.15.4
Lending rateNot availableNot availableNot available
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Total1.32 million  
Statistics Lithuania
B.1.1.1
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing30.9 sq.mt  
Statistics Lithuania
B.1.3.1
Tenure in urban areas (%):B.1.4
Owner-occupied units89.4% of total89.9% of total92.2% of total
EuroStat
B.1.4.1
% of owner units with a mortgage 7.6% of total7.7% of total
EuroStat
B.1.4.2
Private rental units 1.3% of total1.4% of total
EuroStat
B.1.4.3
Estimated Number of units completed/yearB.1.5
Formal sector/registered10,177 units7,624 units5,926 units
Statistics Lithuania
B.1.5.1
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
M2 construction cost for median quality houseB.2.4


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Notes:
Notes:
Notes:
Notes:
Notes:
Notes: (2010 = 100)
Notes: 1% Real Estate tax assessed on property value
Notes: 15% tax imposed on gross rental income
Notes: Capital gains are subject to a 15% flat tax. However, real property owned for at least three years are tax exempt
Notes: Lithuania's system for registering a property/title is among the most efficient in the world. The system is fully computerized
Notes: Maximum Observed Maturity Date
Notes: The LTV ratio is capped at 85%. However, banks are able to make exceptions
Notes: The LTV ratio is capped at 85%. However, banks are able to make exceptions