BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Bank of Lithuania

International Reserves

US$ 8.609 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 50 billion (2014 estimate)

GDP (Purchasing Power Parity)

71 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
10.2% 7.4% 7.8% 7.8% 9.8% 2.9% -14.8% 1.6%
2011 2012 2013 2014*        
6.0% 3.7% 3.3% 3.3%        

*Estimate

GDP per capita - current prices

US$ 16,742 (2014 estimate)

GDP per capita - PPP

$23,978 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.07% 0.08% 0.08%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 3.7% 
  • industry: 28.3% 
  • services: 68% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
4.1% 3.2% 1.2% 1.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
15.4% 13.4% 11.8% 10.8%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2013*
38.3% 39.2% 41.0% 39.3% 39.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-7.2% -5.5% -3.3% -2.1% -1.9%

*Estimate    

Government bond ratings

Standard & Poor's: A-

Moody's rating: Baa1

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$5.661 billion US$4.075 billion US$3.964 billion

*2010 Estimate       *2012 Estimate    

Largest companies in Lithuania

N/A

 
 
Source
Current account balance

US$ -113 million (2014 estimate)

Current account balance by percentage of GDP

-0.229% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

77.1% (2011)

Shares in world total merchandising export

0.16% (2012)

Shares in world total commercial services export

0.13% (2012)

Total exports

US$30 billion (2013 estimate) 

Export commodities

mineral products, machinery and equipment, chemicals, textiles , foodstuffs, plastics

Total imports

US$32.520 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Russia 19.8%, Latvia 9.9%, Estonia 7.5%, Poland 7.3%, Germany 7.1%, Belarus 5.1%, United Kingdom 4.9%, Netherlands 4.3% (2013 est.)

Imports - major partners

Russia 29.3%, Germany 10.3%, Poland 9.3%, Latvia 6.1% (2013 est.)

FDI inflows
2011 2012 2013
US$1,448 million US$700 million US$531 million
FDI outflows
2011 2012 2013  
US$55 million US$392 million US$101 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$0 US$4 million US$-3 million US$10 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 17 out of 189 countries (2013)

Subcategories:

Starting a business: 11 out of 189 countries

Enforcing Contracts: 17 out of 189 countries

Registering Property: 6 out of 189 countries

Getting credit: 28 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 15 out of 189 countries

Paying Taxes: 56 out of 189 countries

Dealing with Construction Permits: 39 out of 189 countries

Getting Electricity: 75 out of 189 countries

Resolving Insolvency: 44 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

41

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 21 Score: 73.0 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
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 2012* 2017**
N/A N/A 3.5 million 3.2 million 3.12 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
39.5% 61.2% 67% 67.1%
Population median age

39 years (2010)

Population growth rate

-2.6% (2011)

Life expectancy

72 years (2010)

Adult literacy

100% (2005/2010)

% of population living on less than $2 a day

<2% (2011)

Inequality of wealth distribution (Gini index)

37.57 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

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

Source
Total telephone subscribers as % of population

173.16% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

65.05% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer 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)

Source
CO2 emissions(Metric tons of CO2 per capita)

3.8425 (Data were released in 2012 and refer to 2009)

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2013

Best of…

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