Lithuania: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | The government offers special incentives for investments in the high-technology sectors and high value-added products. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): Russia, Germany, and Poland |
| Top Industries Source: CIA World Factbook | Metal-Cutting Machine Tools; Electric Motors; Television Sets; Refrigerators and Freezers |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $137,107,832,813 (2022) |
| GDP Growth Rate (annual %) | 1.888% (2022) |
| GDP Per Capita, PPP (current international) | $48,397 (2022) |
GDP Country Rank 86/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 19.705% (2022) |
| External debt stocks, total (DOD, current US$) | $29,988,119,000 (2011) |
| Total tax rate (% of commercial profits) | 42.6% (2019) |
| Real Interest Rate (5 year average %) | 3.527% (2010) |
| Manufacturing, value added (% of GDP) | 17.045% (2022) |
| Current Account Balance (BoP, current US$) | ($3,583,025,491) (2022) |
Labor and Employment [1]
| Labor Force, Total | 1,509,591 (2022) |
| Employment in Agriculture (% of total employment) | 5.317% (2021) |
| Employment in Industry (% of total employment) | 26.276% (2021) |
| Employment in Services (% of total employment) | 68.407% (2021) |
| Unemployment Rate | 5.569% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $62,979,195,498 (2022) |
| Exports of goods and services (current US$) | $61,585,506,687 (2022) |
| Total Merchandise Trade (% of GDP) | 143.995% (2022) |
| FDI, net inflows (BoP, current US$) | $685,714,457 (2022) |
| Commercial Service Exports (current US$) | $18,177,200,044 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.