Lithuania GDP Data & Country Report

Lithuania Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Lithuania; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Bank of Lithuania

International Reserves

US$ 7.857 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 40.333 billion (2010 estimate)

GDP (Purchasing Power Parity)

59.825 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.3%	6.7%	6.9%	10.2%	7.4%	7.8%	7.8%	9.8%
2008	2009	2010	2011*
2.8%	-14.7%	1.3%	4.6%

*Estimate

GDP per capita - current prices

US$ 12,323 (2010 estimate)

GDP per capita - PPP

$18,279 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
N/A	N/A	0.07%	0.08%	0.07%

**Forecast

GDP - composition by sector

agriculture: 3.2%
industry: 28%
services: 68.8% (2011 estimate)

(Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)

N/A

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
11.1%(2008)	4.4%	1.2%	3.1%

*Estimate

Unemployment rate

2008	2009	2010	2011*
5.8%	13.7%	17.8%(2009)	16%

*Estimate

Household saving rates

N/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
16.9%	15.6%	29.6%	38.7%	43.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-1%	-3.3%	-8.9%	-7.7%	-7.7%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: BBB/Stable/A-3

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$10.134 billion	US$3.625 billion	US$4.477 billion

Largest companies in Lithuania

N/A

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ -0.4 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-0.9% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

60.2% (2008)

(Data released on December 2010)

Shares in world total merchandising export

0.14%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

0.11%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$19.29 billion f.o.b. (2010 estimate)

Export commodities

mineral products 23%, textiles and clothing 16%, machinery and equipment 11%, chemicals 6%, wood and wood products 5%, foodstuffs 5% (2001)

Total imports

US$30.26 billion f.o.b. (2008 estimate)

Import commodities

mineral products, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals

Exports - major partners

Russia 15%, Latvia 12.9%, Germany 10.5%, Poland 6.3%, Estonia 5.8%, UK 4.6%, Denmark 4.1%, Belarus 4% (2007)

Imports - major partners

Russia 18%, Germany 15%, Poland 10.6%, Latvia 5.5%, Netherlands 4.3% (2007)

FDI inflows

2008	2009	2010
US$2,045 million	US$172 million(2009)	US$629 million(2009)

FDI outflows

2008	2009	2010
US$336 million	US$217 million	US$128 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$31 million	N/A(2009)	N/A(2009)	N/A

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 23 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 87 out of 183 countries(2009)

Registering property: 7 out of 183 countries

Paying Taxes: 44 out of 183 countries

Getting credit: 46 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 31 out of 183 countries

Enforcing Contracts: 17 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 24 Score: 71.3 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+2

Total area

65,300 km² (2006)

Capital

Vilnius (2009)

Currency

litai (LTL) (2009)

Government type

parliamentary democracy (2009)

Languages

Lithuanian (official) 82%, Russian 8%, Polish 5.6%, other and unspecified 4.4% (2001 census)

Religions

Roman Catholic 79%, Russian Orthodox 4.1%, Protestant (including Lutheran and Evangelical Christian Baptist) 1.9%, other or unspecified 5.5%, none 9.5% (2001 census)

Total population

1980	1990	2000	2010*	2015**
N/A	N/A	3.5 million	3.32 million	3.22 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
39.5%	61.2%	67%	67.1%

Population median age

38.0 years (2006)

Population growth rate

-0.6% (2009)

Life expectancy

73 years (2007)

Adult literacy

100% (2000/2007)

% of population living on less than $2 a day

<2% (2011)

Inequality of wealth distribution (Gini index)

37.6 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

169.23% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

62.12% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Vilnius: 133rd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

4.5559 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

COUNTRY WINNERS SEB (National, 2012)

2011:

COUNTRY WINNERS SEB (National, 2011)

2010:

COUNTRY WINNERS Swedbank (National, 2010)

2009:

COUNTRY WINNERS SEB Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Consumer Internet Banks Swedbank (National, 2011)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks UniCredit Bank (National, 2011)

2010:

COUNTRY WINNERS / Best Consumer Internet Banks Swedbank (National, 2010)
COUNTRY WINNERS / Best Corporate / Institutional Internet Banks SEB Bankas (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks SEB bankas (National, 2009)
COUNTRY WINNERS / Best Consumer Internet Banks SEB bankas (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:

COUNTRY WINNERS SEB (National, 2012)

2011:

COUNTRY WINNERS SEB Bank (National, 2011)

2010:

COUNTRY WINNERS SEB Bank (National, 2010)

2009:

COUNTRY WINNERS Swedbank (2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

COUNTRY WINNERS SEB (National, 2012)

2011:

COUNTRY WINNERS SEB (National, 2011)

2010:

COUNTRY WINNERS Swedbank (National, 2010)

2009:

COUNTRY WINNERS SEB Bank (National, 2009)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Features : Arrested Development (1 match)
Archives > September 2004

Lithuania GDP Data & Country Report | Global Finance

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:

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2009:

WORLD'S BEST INTERNET BANKS

2011:

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2009:

WORLD'S BEST EMERGING MARKET BANKS

2012:

2011:

2010:

2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:

2011:

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2009: