This document provides an economic survey and recommendations for Lithuania conducted by the OECD. It summarizes that while incomes and GDP have been converging with OECD averages, unemployment has declined, and exports have been robust, poverty remains high. Key recommendations include reducing social security contributions for low-income workers, increasing property taxes exempting low-income households, and strengthening vocational education and training to promote more inclusive growth.
Labour Market Changes due to the PandemicsLatvijas Banka
Latvijas Bankas ekonomista Oļega Krasnopjorova 2021. gada 27. maija prezentācija “Labour Market Changes due to the Pandemics” Latvijas Kristīgās Akadēmijas starptautiskajā seminārā
Employment and labour market during and after covid 19 pandemicLatvijas Banka
Introductory report to the Meeting of the Education, Science and Culture Committee of the Baltic Assembly “Employment and labour market during and after Covid-19 pandemic” by Oļegs Krasnopjorovs, economist, Latvijas Banka
Latvijas ekonomiskā situācija, darba tirgus un prognozesLatvijas Banka
Latvijas Bankas ekonomista Oļega Krasnopjorova prezentācija, kas izmantota 2019. gada 23. maijā Rīgā notikušā starptautiskā seminārā par darba tirgus izaicinājumiem.
Labour Market Changes due to the PandemicsLatvijas Banka
Latvijas Bankas ekonomista Oļega Krasnopjorova 2021. gada 27. maija prezentācija “Labour Market Changes due to the Pandemics” Latvijas Kristīgās Akadēmijas starptautiskajā seminārā
Employment and labour market during and after covid 19 pandemicLatvijas Banka
Introductory report to the Meeting of the Education, Science and Culture Committee of the Baltic Assembly “Employment and labour market during and after Covid-19 pandemic” by Oļegs Krasnopjorovs, economist, Latvijas Banka
Latvijas ekonomiskā situācija, darba tirgus un prognozesLatvijas Banka
Latvijas Bankas ekonomista Oļega Krasnopjorova prezentācija, kas izmantota 2019. gada 23. maijā Rīgā notikušā starptautiskā seminārā par darba tirgus izaicinājumiem.
Portugal has undertaken an ambitious structural reform programme since 2011. Reforms have spanned across a wide range of policy areas, product markets, labour markets, taxes, regulations and the public sector.
Recent Economic Developments in Latvia and Medium-term OutlookLatvijas Banka
This presentation summarises recent macroeconomic developments in Latvia and outlines a medium-term outlook for real GDP and inflation. Presentation reviews ongoing economic recovery, labour market issues and includes analyses on core factors behind the path of inflation. The main focus of the presentation is on the issue of competitiveness of the Latvian economy pointing to the costs adjustment process and productivity gains, as well as presenting export performance, market shares and current account developments. Presentation also features slides on monetary and financial market developments.
Entrepreneurship at a Glance 2016 presents key indicators for measuring the state of entrepreneurship and its determinants. The single most important message from this year’s publication concerns tentative signs of a turning point, and more widespread recovery, in start-up rates in many OECD countries.
What is the outlook for the Lithuanian economy in 2014? Drawing on 200 business interviews in Lithuania as well as IMF and EIU data this report reveals that business growth prospects in the economy are relatively helpful and leaders still want to join the euro.
OECD Skills Outlook Global Launch - Skills and Global Value ChainsEduSkills OECD
Since the 1990s, the world has entered a new phase of globalisation. Information and communication technology, trade liberalisation and lower transport costs have enabled firms and countries to fragment the production process into global value chains (GVCs). Many products are now designed in one country and assembled in another country from parts manufactured in several countries. Thirty percent of the value of exports of OECD countries comes from abroad. In this new context, GVCs and skills are more closely interrelated than ever. Skills play a key role in determining countries’ comparative advantages in GVCs. A lot of the opportunities and challenges brought about by GVCs are being affected by countries’ skills.
The OECD Skills Outlook 2017 shows how countries can make the most of global value chains, socially and economically, by investing in the skills of their populations. Applying a “whole of government” approach is crucial. Countries need to develop a consistent set of skills-related policies such as education, employment protection legislation, and migration policies, in coordination with trade and innovation policies. This report presents new analyses based on the Survey of Adult Skills and the Trade in Value Added Database. It also explains what countries would need to do to specialise in technologically advanced industries.
This presentation summarises recent macroeconomic developments in Latvia and outlines a medium-term outlook for real GDP and inflation. Presentation reviews ongoing economic recovery, labour market issues and includes analyses on core factors behind the path of inflation. The main focus of the presentation is on the issue of competitiveness of the Latvian economy pointing to the costs adjustment process and productivity gains, as well as presenting export performance, market shares and current account developments. Presentation also features slides on monetary and financial market developments.
Portugal has undertaken an ambitious structural reform programme since 2011. Reforms have spanned across a wide range of policy areas, product markets, labour markets, taxes, regulations and the public sector.
Recent Economic Developments in Latvia and Medium-term OutlookLatvijas Banka
This presentation summarises recent macroeconomic developments in Latvia and outlines a medium-term outlook for real GDP and inflation. Presentation reviews ongoing economic recovery, labour market issues and includes analyses on core factors behind the path of inflation. The main focus of the presentation is on the issue of competitiveness of the Latvian economy pointing to the costs adjustment process and productivity gains, as well as presenting export performance, market shares and current account developments. Presentation also features slides on monetary and financial market developments.
Entrepreneurship at a Glance 2016 presents key indicators for measuring the state of entrepreneurship and its determinants. The single most important message from this year’s publication concerns tentative signs of a turning point, and more widespread recovery, in start-up rates in many OECD countries.
What is the outlook for the Lithuanian economy in 2014? Drawing on 200 business interviews in Lithuania as well as IMF and EIU data this report reveals that business growth prospects in the economy are relatively helpful and leaders still want to join the euro.
OECD Skills Outlook Global Launch - Skills and Global Value ChainsEduSkills OECD
Since the 1990s, the world has entered a new phase of globalisation. Information and communication technology, trade liberalisation and lower transport costs have enabled firms and countries to fragment the production process into global value chains (GVCs). Many products are now designed in one country and assembled in another country from parts manufactured in several countries. Thirty percent of the value of exports of OECD countries comes from abroad. In this new context, GVCs and skills are more closely interrelated than ever. Skills play a key role in determining countries’ comparative advantages in GVCs. A lot of the opportunities and challenges brought about by GVCs are being affected by countries’ skills.
The OECD Skills Outlook 2017 shows how countries can make the most of global value chains, socially and economically, by investing in the skills of their populations. Applying a “whole of government” approach is crucial. Countries need to develop a consistent set of skills-related policies such as education, employment protection legislation, and migration policies, in coordination with trade and innovation policies. This report presents new analyses based on the Survey of Adult Skills and the Trade in Value Added Database. It also explains what countries would need to do to specialise in technologically advanced industries.
This presentation summarises recent macroeconomic developments in Latvia and outlines a medium-term outlook for real GDP and inflation. Presentation reviews ongoing economic recovery, labour market issues and includes analyses on core factors behind the path of inflation. The main focus of the presentation is on the issue of competitiveness of the Latvian economy pointing to the costs adjustment process and productivity gains, as well as presenting export performance, market shares and current account developments. Presentation also features slides on monetary and financial market developments.
A presentation of the main findings and recommendations of the OECD Economic Survey of Spain 2014 launched 8 September 2014 in Madrid, Spain.
Structural reforms (labour market, banking, fiscal) have put the economy on the road to recovery.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
4. Export performance is robust
80
90
100
110
120
130
140
150
160
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Index 2005=100 Export performance¹
Lithuania
Latvia
Estonia
Poland
1. Export performance is measured as actual growth in exports relative to the growth of the country’s export market,
which represents the potential export growth for a country assuming that its market shares remain unchanged.
Source: OECD Economic Outlook database. 4
5. The budget is now in surplus
-10
-8
-6
-4
-2
0
2
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Government net lending, in % of GDP
Source: OECD Economic Outlook database.
5
7. Well-being could be improved
0
2
4
6
8
Housing
Income and jobs
Community
Education
Environment
Health
Life Satisfaction
Safety
OECD Lithuania Lowest OECD¹
1. Lowest OECD refer to the 17 countries with the lowest score among the OECD countries. Data are for 2016 or latest
available year.
Source : OECD Better life index indicators database; Eurostat; Gallup database; and World Bank World Development
Indicators.
7
8. The New Social Model improved labour
market flexibility…
0
0.5
1
1.5
2
2.5
3
3.5
NewZealand
UnitedStates
Canada
UnitedKingdom
Chile
Australia
Estonia
Ireland
Hungary
Japan
Switzerland
Lithuania(post-reform)
Iceland
Finland
Korea
Israel
SlovakRep.
OECD
Greece
Norway
Denmark
Turkey
Spain
Slovenia
Poland
Lithuania(pre-reform)
Austria
Sweden
Mexico
CzechRep.
Portugal
Luxembourg
France
Germany
Italy
Latvia
Netherlands
Belgium
Strictness of employment protection legislation: Regular workers
Scale from 0 (least restrictions) to 6 (most restrictions), latest year
Note: The indicator is calculated in disposable income after taxes and transfers.
Source: OECD Income Distribution and Poverty database.
8
9. … and unemployment benefits are
now more generous
Note: For Lithuania, the results for January and July 2017 represent the situation before and after introduction of the New
Social Model reform, respectively; 2015 for the remaining countries.
Source: OECD (2018), OECD Reviews of Labour Market and Social Policies: Lithuania, OECD Publishing, Paris.
0
10
20
30
40
50
60
70
80
90
100
Greece
Australia
NewZealand
UnitedKingdom
Sweden
Chile
Korea
Turkey
Estonia
Austria
Ireland
Germany
Hungary
Japan
UnitedStates
OECD
Lithuania(pre)
Spain
SlovakRep.
Poland
Iceland
Canada
CzechRep.
Norway
Finland
Slovenia
Italy
France
Netherlands
Denmark
Belgium
Switzerland
Portugal
Latvia
Lithuania(post)
Luxembourg
Israel
%
Net Replacement Rates for a single person in unemployment, 2015
Top-ups (in the 3d month)
Unemployment benefits (in the 3rd month)
Unemploymnet benefits and top-ups (in the 9th month)
9
10. Private sector debt and house prices
remain below historical peaks
Source: European Central Bank; OECD Economic Outlook database; and OECD House price index database.
30
40
50
60
70
80
80
120
160
200
240
280
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
% of GDPIndex, 2007=100
Credit growth and housing prices
Nominal house prices Credit to private non-financial sector² (RHS)
10
11. Debt is falling but could decline
further
Note: Projected debt reduction paths under different deficit scenarios.
Source: OECD calculation.
10
15
20
25
30
35
40
45
50
55
60
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
% of GDP
No deficit Deficit 1% of GDP Deficit 0.5% of GDP
11
12. High social security contributions
reduce employability of the low-skilled
Source: OECD taxing wages database.
-10
0
10
20
30
40
50
60
Chile
Israel
Ireland
NewZealand
Mexico
Switzerland
Korea
Australia
UnitedKingdom
Netherlands
Canada
Iceland
Luxembourg
UnitedStates
Portugal
OECD
Norway
Japan
Spain
France
Greece
SlovakRep.
Estonia
Denmark
Turkey
Slovenia
Finland
Poland
Belgium
Italy
Lithuania
CzechRep.
Austria
Sweden
Latvia
Germany
Hungary
% of total labour cost
Decomposition of the tax wedge, 2016
Single without children 50% of the average wage
Income tax Social security contribution
12
13. Property taxes are low
Source: OECD Revenue statistics database; and Ministry of Finance of Lithuania.
0
0.5
1
1.5
2
2.5
3
3.5
Luxembourg
Switzerland
Mexico
Austria
CzechRep.
Turkey
Estonia
SlovakRep.
Germany
Norway
Lithuania
Slovenia
Ireland
Hungary
Chile
Sweden
Finland
Korea
Portugal
Latvia
Netherlands
OECD
Spain
Poland
Italy
Belgium
Denmark
Iceland
Australia
Japan
NewZealand
Israel
Greece
UnitedStates
France
Canada
UnitedKingdom
% of GDP
Property tax revenues
2016 or latest year available
13
14. Key recommendations for more
inclusive growth
• Set a debt target and establish a credible path to
reach it
• Reduce social security contributions, especially
for low-income workers
• Increase property taxation, while exempting
low-income households
• Assess spending efficiency by carrying out
spending reviews
• Actively use macro-prudential measures once
financial imbalances emerge
14
16. Labour productivity is low
Source: OECD Economic Outlook database.
0
20 000
40 000
60 000
80 000
100 000
120 000
140 000
160 000
Mexico
Chile
Latvia
Hungary
Estonia
Lithuania
Portugal
Poland
Greece
CzachRep.
Slovenia
NewZealand
Israel
SlovakRep.
Turkey
Korea
Japan
OECD
Spain
UnitedKingdom
Iceland
Germany
Italy
Finalnd
Canada
Austria
Australia
Netherland
Denmark
France
Sweden
Switzerland
Belgium
UnitedStates
Norway
Luxembourg
Ireland
Labour productivity, USD PPP per worker, 2017
16
17. The labour market is not very
inclusive
1. Calculated on the labour force aged 25-64.
2. Data refer to 2016.
Source: OECD Gender employment database
0
5
10
15
20
25
30
Men
Women
15-24
25-54
55-64
Low-skilled¹
Medium-skilled¹
High-skilled¹
Gender Age Educational attainment² Long-term
UNR²
%
Group-specific unemployment rates (UNR), 2017
Lithuania OECD
17
18. Informality is high
Source: Eurobarometer.
0
2
4
6
8
10
12
Poland European Union Lithuania Estonia Latvia
% of population aged
15+
People carrying out undeclared paid activities
18
19. Insolvency procedures are
cumbersome
1. The strength of insolvency framework index is a composite indicator of the quality of the insolvency framework
based on the time, cost and outcome of insolvency proceedings involving domestic legal entities.
Source: World Bank Doing business 2018 database.
0
2
4
6
8
10
12
14
16
Luxembourg
Lithuania
Turkey
NewZealand
Hungary
Ireland
Australia
Austria
Canada
France
UnitedKingdom
Belgium
Iceland
Mexico
Netherlands
Norway
Slovenia
OECD
Chile
Denmark
Greece
Latvia
Spain
Sweden
Switzerland
Israel
CzechRep.
SlovakRep.
Italy
Estonia
Japan
Korea
Poland
Finland
Portugal
Germany
UnitedStates
Scale from 0 (worst)
to 16 (best)
Strength of insolvency framework index (0-16), 2017
19
20. Firms and research institutions
could collaborate more
Source: Eurostat.
0
5
10
15
20
25
Italy
Latvia
Lithuania
Portugal
Greece
Poland
Spain
Ireland
Luxembourg
CzechRep.
France
Hungary
Slovakia
EU28
Germany
Netherlands
Estonia
Sweden
Denmark
United…
Slovenia
Belgium
Austria
Finland
% of innovating firms
Firms collaborating on innovation with higher education
or research institutions
20
21. Vocational education and training
should be strengthened
Source: OECD education at a Glance 2017.
0
10
20
30
40
50
60
70
80
Korea
Japan
Hungary
Lithuania
Chile
Greece
New…
Iceland
Spain
Estonia
Mexico
Sweden
Latvia
United…
Israel
France
Denmark
Portugal
Germany
OECD
Turkey
Norway
Poland
Italy
Australia
Belgium
Luxembourg
Switzerland
Slovenia
Netherlands
SlovakRep.
Austria
Finland
CzechRep.
%
Share of vocational students on upper secondary students, 2015
21
22. Social support is relatively weak
1. 2017 for Lithuania, with Heating Compensation ("Lithuania (HC)") and without ("Lithuania (no HC)").
Source: OECD (2018), OECD Reviews of Labour Market and Social Policies: Lithuania, OECD Publishing, Paris.
0
10
20
30
40
50
60
70
Italy
Turkey
Greece
Chile
Hungary
UnitedStates
Spain
Portugal
SlovakRep.
Israel
Latvia
Lithuania(noHC)
Canada
Korea
Estonia
OECD
NewZealand
Belgium
Sweden
France
Norway
CzechRepublic
Poland
Switzerland
Australia
Lithuania(HC)
Slovenia
Netherlands
Luxembourg
Austria
Finland
Germany
Iceland
Ireland
UnitedKingdom
Denmark
Japan
%
Net income from minimum-income benefits as a % of the median
equivalised household income, couple with two children, 2015¹
Net income from minimum-income benefits Poverty line
22
23. More should be done to get people
back to work
1. Active labour market programmes (categories 2-7) include: cover training, employment incentives, supported
employment and rehabilitation, direct job creation and start-up incentives.
Source: OECD Labour database.
0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
1.8
Australia
Estonia
Latvia
Canada
Israel
New…
Slovak…
Slovenia
Greece
Lithuania
Germany
CzechRep.
Poland
Norway
OECD
Italy
Spain
Portugal
Switzerland
Ireland
Belgium
Netherlan…
Austria
Luxembo…
France
Hungary
Finland
Sweden
Denmark
% of GDP
Public expenditure in activation programmes¹
2015 or latest year available
23
24. Key recommendations for raising
productivity and inclusiveness
• Address skills mismatch by continuing the reform of the
education system at all levels
• Strengthen work-based learning, including apprenticeships
• Continue the reform of innovation policy and strengthen
collaboration between firms and research institutions
• Simplify bankruptcy procedures and facilitate
restructuring
• Increase investment in active labour market programmes
upon close monitoring of results
• Further increase the level of social assistance while
maintaining strong work incentives
24
26. The population is ageing
Source: United Nations, Department of Economic and Social Affairs, Population Division (2015). World Population
Prospects.
0
10
20
30
40
50
60
2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060
% population 65+ on
population 15-64
Old age dependency ratio, projections, 2010 - 2060
Lithuania EU OECD
26
27. The pension system is not targeted
at the poor
Source: Eurostat.
0
5
10
15
20
25
30
35
40
45
SlovakRep.
Hungary
CzechRep.
France
Denmark
Luxembourg
Netherlands
Finland
Greece
Poland
Spain
Austria
EU
Italy
Belgium
Ireland
Sweden
UnitedKingdom
Germany
Slovenia
Portugal
Romania
Bulgaria
Croatia
Lithuania
Latvia
Estonia
% of population 65+
Old age population at risk of poverty, 2016
27
28. Life expectancy of men is low
Source: Eurostat Health statistics database.
0
10
20
30
40
50
60
70
80
Latvia
Estonia
Lithuania
SlovakRep.
Austria
Slovenia
Finland
Hungary
Portugal
Denmark
Switzerland
Poland
Luxembourg
France
CzechRep.
Netherlands
UnitedKingdom
EU28
Belgium
Greece
Germany
Spain
Ireland
Italy
Iceland
Norway
Sweden
Healthy life years at birth for men, 2016
28
29. Health care is too hospital-centric
Source: OECD Health Statistics database.
29
3.6
-10
-6.5
15.2
-2.1
2.2
-4.5 -4.4
12.3
-1.9
-15
-10
-5
0
5
10
15
20
Hospital care Outpatient care Long term care Medical goods Collective services
Percentage points
Health expenditure by function,
difference to OECD average
2004 2015
30. Participation in life-long learning is
low
Note: Data refer to the share of 25 to 64 year-olds who participated in education or training in the 4 weeks prior to
the survey.
Source: Eurostat (2017), Education and training statistics database.
0
5
10
15
20
25
30
35
SVK
POL
GRC
TUR
LTU
HUN
IRL
BEL
LVA
ITA
DEU
CZE
ESP
PRT
EU28
SVN
GBR
AUT
EST
LUX
FRA
NLD
NOR
ISL
FIN
DNK
SWE
CHE
%
Participation rate in lifelong education or training, 25-64 year-olds, 2016
30
32. Key recommendations for an
ageing society
• Continue moving pensions from the pay-as-you go (first)
pillar to the funded (second) pillar
• Fund the wage-independent basic pension through the
general budget rather than social contributions
• Continue reorganising the hospital sector and improve
outpatient and long-term care
• Provide financial incentives for life-long learning to firms
and employees, especially older
• Reach out better to emigrants and ease restrictions for
high-skilled immigrants
• Extend and improve support for childcare, to help
parents reconcile work and family 32
33. For more information
33
• Disclaimers: The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use
of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the
West Bank under the terms of international law.
• This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the
delimitation of international frontiers and boundaries and to the name of any territory, city or area.
http://www.oecd.org/eco/surveys/economic-survey-lithuania.htm
@OECD
@OECDeconomy