Category: Lithuania

Lithuania: A fast-growing economy needs to boost inclusiveness

July 5, 2018

by Hansjörg Blöchliger and Vassiliki Koutsogeorgopoulou, Lithuania Desk, OECD Economics Department Lithuania is one of the fastest growing economies in the OECD. After a strong rebound in 2017, growth is set to average more than 3% over this year and the next led by buoyant investment. Falling unemployment and rapidly increasing wages support consumption, although … More Lithuania: A fast-growing economy needs to boost inclusiveness

Pump-priming productivity through reform: the case of Lithuania

August 2, 2016

By Ben Westmore, Economist, Country Studies Branch, OECD Economics Department In the past two decades, the income level in Lithuania has steadily risen toward that of OECD countries. Between 1995 and 2013, GDP per capita rose from one third to two thirds of the OECD average. Productivity catch-up was critical to this process, aided by … More Pump-priming productivity through reform: the case of Lithuania

Reforming benefits in Lithuania to generate a double dividend: Making work pay while better protecting the jobless

May 18, 2016

By Lilas Demmou, Head of Lithuania Desk, OECD Economics Department Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable … More Reforming benefits in Lithuania to generate a double dividend: Making work pay while better protecting the jobless