The economy of Lithuania is expected to reach $57.3 billion by 2018. Economic growth of the country declined in the wake of economic crisis, but recovered impressively due to factors such as government stimulus packages and export growth. Slow growth rate was mainly caused by service sectors as construction, real estate, and financial intermediaries witnessing low productivity against increasing labor costs. Lithuania is lagging behind Europe’s leading economies in terms of economy size and per capita income.
Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the economy and presents its findings in “PESTLE Analysis of Lithuania 2013.” This report studies the political, economic, social, technological, and legal dynamics of Lithuania’s economy. The report also presents a Swot Analysis and recent economic policies guiding the country.
The study reveals that Lithuania is extremely dependent on trade with other European countries. Hence, change in the external demand may affect the economic situation. Secondly, the population in Lithuania has been constantly decreasing over the last decade, as young people are emigrating to other countries for jobs and better livelihoods.
Lithuania has potential business opportunities in sectors such as shared services, business process outsourcing, and the chemical and plastics industry. The energy sector is also one of the major investment opportunities in the Lithuanian economy; sectors such as thermal energy and oil have good potential to use available resources.
This report can help the investor understand the strengths, weakness, opportunities, and threats of the Lithuanian economy. Other benefits include recognizing the impact of socio-political-demographical changes on different industries in Lithuania, external economic trends, government policies, as well as technological changes and their effects on different industries. In the current economic scenario, the retail, real estate, and pharmaceutical sectors are likely to be affected.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com.
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