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 (2016): Russia, Germany, and Poland
Top 3 Exported Goods (2016): 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) [1]

GDP, PPP (current international) $86,071,646,855 (2016)
GDP Growth Rate (annual %) 2.299% (2016)
GDP Per Capita, PPP (current international) $29,966 (2016)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 87/194 (2016)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.906% (2016)
External debt stocks, total (DOD, current US$) $29,988,119,000 (2011)
Total tax rate (% of commercial profits) 42.7% (2017)
Real Interest Rate (5 year average %) 3.527% (2010)
Manufacturing, value added (% of GDP) 18.966% (2016)
Current Account Balance (BoP, current US$) ($398,015,961) (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,447,027 (2017)
Employment in Agriculture (% of total employment) 9.07% (2015)
Employment in Industry (% of total employment) 25.07% (2015)
Employment in Services (% of total employment) 65.86% (2015)
Unemployment Rate 9.169% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $31,411,920,977 (2016)
Exports of goods and services (current US$) $31,774,351,584 (2016)
Total Merchandise Trade (% of GDP) 122.001% (2016)
FDI, net inflows (BoP, current US$) $377,310,445 (2016)
Commercial Service Exports (current US$) $7,474,516,732 (2016)
Click on a row to display its 5-year graph on the right.

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.

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

Sources

  1. The World Bank