February 2009
Baltic Countries’ Overview
In the end of 2008 more challenging
times have reached all Baltic countries.
In the 4th
quarter of 2008 the GDP change compared to same period previous
year was negative for all three countries
(Lithuania -1.
5%,...
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February 2009
Baltic Countries’ Overview
In the end of 2008 more challenging
times have reached all Baltic countries.
In the 4th
quarter of 2008 the GDP change compared to same period previous
year was negative for all three countries
(Lithuania -1.
5%, Estonia -9.
4% and
Latvia -10.
5%) while it was the first
quarter for Lithuania with negative
growth since 1999.
Unemployment level
has increased reaching 7.
5% in Latvia
(highest in the Baltic countries), 6.
2% in
Estonia and 5.
9% in Lithuania.
The condition of fast moving consumer
goods (FMCG) market was in a better
situation than total economy as the
estimated volume change for Lithuania
was -1.
4% in the last quarter of 2008,
-6.
8% for Estonia and -7.
6% for Latvia.
BALTIC COUNTRIES
THROUGH CRISIS
Source: National Statistics Department, Estonia, Latvia, Lithuania, February 2009
GDP growth +/- % last year (at constant prices)
7,0
5,2
2,9
-1,5
3,3
0,1
-4,6
-10,5
0,2
-1,1
-3,5
-9,4
-15
-10
-5
0
5
10
2008 Q1 2008 Q2 2008 Q3 2008 Q
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