Lithuania: Economy

Economic Trivia

The government offers special incentives for investments into the high-technology sectors and high value-added products.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Russia, Poland, and Germany
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Industrial Machinery, and Furniture

Top Industries Source: CIA World Factbook

Metal-Cutting Machine Tools; Electric Motors; Television Sets; Refrigerators and Freezers

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $80,699,093,694 (2015)
GDP Growth Rate (annual %) 1.594% (2015)
GDP Per Capita, PPP (current international) $27,730 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 89/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.879% (2015)
External debt stocks, total (DOD, current US$) $29,988,119,000 (2011)
Total tax rate (% of commercial profits) 42.6% (2015)
Real Interest Rate (5 year average %) 3.527% (2010)
Manufacturing, value added (% of GDP) 19.272% (2014)
Current Account Balance (BoP, current US$) ($719,458,151) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 1,537,729 (2014)
Employment in Agriculture (% of total employment) 9% (2014)
Employment in Industry (% of total employment) 24.8% (2014)
Employment in Services (% of total employment) 65.8% (2014)
Unemployment Rate 11.3% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $31,927,581,235 (2015)
Exports of goods and services (current US$) $31,878,119,108 (2015)
Total Merchandise Trade (% of GDP) 139.932% (2014)
FDI, net inflows (BoP, current US$) $627,349,108 (2015)
Commercial Service Exports (current US$) $7,700,122,667 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Lithuania’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary