Includes Lithuania real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Lithuania economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Lithuania best banks and safest banks are also available.
Basic Information
Government Type: Semi-presidential republic
Capital City: Vilnius
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | Bank of Lithuania |
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Currency | Litai (LTL) |
International Reserves |
USD 5.8 billion (2018) International Monetary Fund (IMF), data retrieved October 2019 |
Gross Domestic Product – GDP |
USD 62.64 billion (2021 estimate) IMF – World Economic Outlook, October 202 |
GDP (Purchasing Power Parity) |
USD 117.63 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP Data
Real GDP growth |
2017 4.3% 2018 3.9% 2019 4.3% 2020* -0.9% 2021* 4.7% *Estimate |
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GDP per capita – current prices |
USD 22,411.65 (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP per capita – PPP |
USD 42,091.31 (2021 estimate) IMF – World Economic Outlook, October 2021 |
GDP (PPP) – share of world total | 0.08% (2021 estimate) |
GDP – composition by sector |
agriculture: 3.3% industry: 24.9% services: 61.5% (2018 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | 1.0% (2019) |
Inflation |
2017 3.7% 2018 2.5% 2019 2.2% 2020* 1.1% 2021* 3% *Estimate |
Lithuania
Inflation & Debt
Inflation |
2017 3.7% 2018 2.5% 2019 2.2% 2020* 1.1% 2021* 3% *Estimate |
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Government Bond Ratings |
Standard & Poor’s: A+ Moody’s: A2 Standard & Poor’s / Moody’s |
Unemployment rate |
2017 7.1% 2018 6.1% 2019 6.3% 2020* 8.5% 2021* 6.5% 2021* 12% *Estimate |
Household saving rates | 1.0% (2019) |
Public debt (General government gross debt as a % of GDP) |
2017 39.3% 2018 33.7% 2019 35.9% 2020* 47.1% 2021* 47.4% *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2017 1.6% 2019 1.5% 2019 1.1% 2020* -6.8% 2021* -4.9% *Estimate |
Market value of publicly traded shares | N/A |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) |
73.5% (2020) World Bank – World Development Indicators (updated Feb 2022) |
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Shares in world total merchandising export |
0.19% (2020) |
Shares in world total commercial services export | 0.2% (2020) |
Total exports | USD 41.4 billion (2020 estimate) |
Export commodities | Refined petroleum, furniture, cigarettes, wheat, polyethylene (2019) |
Total imports | USD 36 billion (2020 estimate) |
Import commodities | Crude petroleum, cars, packaged medicines, refined petroleum, electricity (2019) |
Exports – major partners | Poland 12%, Russia 12%, Germany 12%, Latvia 7%, Netherlands 5% (2019) |
Imports – major partners | Poland 12%, Russia 12%, Germany 12%, Latvia 7%, Netherlands 5% (2019) |
Competitiveness & Trade
Current account balance |
USD 4.2 billion (2021 estimate) IMF – World Economic Outlook, October 2021 |
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Current account balance by percentage of GDP |
6.7% (2021 estimate) IMF – World Economic Outlook, October 2021 |
FDI inflows |
2019 USD 977 million 2020 USD 1.2 million 2021 USD 479 million |
FDI Outflows |
2019 USD 704 million 2020 USD 143 million 2021 USD –285 million |
Value of cross-border M&A, by country of purchaser |
2018 USD 16 million 2019 USD 143 million 2020 N/A 2021 USD 32 million |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business |
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. Overall ranking: 11 out of 190 countries Subcategories: Starting a Business: 34 out of 190 countries Dealing with Construction Permits: 10 out of 190 countries Getting Electricity: 15 out of 190 countries Registering Property: 4 out of 190 countries Getting Credit: 48 out of 190 countries Protecting Minority Investors: 37 out of 190 countries Paying Taxes: 18 out of 190 countries Trading across Borders: 19 out of 190 countries Enforcing Contracts: 7 out of 190 countries Resolving Insolvency: 89 out of 190 countries World Bank – Doing Business 2020 |
Global competitiveness ranking |
18 out of 141 (2019) World Economic Forum / Global competitiveness ranking |
Index of Economic Freedom |
Ranking: 17 / Score: 75.8 (Mostly Free) The Heritage Foundation – 2022 Index of Economic Freedom |
Population & Geographic Data
Total Area |
65,300 sq km |
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Total Population |
1990 3.7 Million 2000 3.5 Million 2010 3.1 Million 2015 2.9 Million 2020 2.8 Million |
Urban population as % of total population |
1960 39.5% 1980 61.2% 2000 67% 2020 68% |
Population median age | 44.5 years |
Population growth rate | -1.04% (2022 estimate) |
Life expectancy | 75.8 years (2022 est.) |
% of population living on less than $3.10 a day | 0.7% (last available estimate, 2019) |
Inequality of wealth distribution (Gini index) |
35.3 (last available estimate, 2019) (0=perfect equality, 100=absolute inequality) |
Freedom House rating |
Total score: 67/100 Status: Partly Free Political Rights: 28/40 Civil Liberties: 39/60 (2022) Freedom House |
Total telephone subscribers as % of population |
Total score: 89/100 Status: Free Political Rights: 38/40 Civil Liberties: 51/60 (2022) |
Internet users as % of total population |
Fixed: 11.8% Mobile: 134.9% (2020) (fixed-telephone subscribers and mobile-cellular subscribers) |
Language & Religon
Languages | Lithuanian (official) 82%, Russian 8%, Polish 5.6%, other 0.9%, unspecified 3.5% (2011 est.) |
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Literacy |
Total population: 99.8% Male: 99.8% Female: 99.8% (2015) Definition: age 15 and over can read and write |
Religions | Roman Catholic 77.2%, Russian Orthodox 4.1%, Old Believer 0.8%, Evangelical Lutheran 0.6%, Evangelical Reformist 0.2%, other (including Sunni Muslim, Jewish, Greek Catholic, and Karaite) 0.8%, none 6.1%, unspecified 10.1% (2011 est.) |
World Rankings
Population | 2.8 million |
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Mercer Cost of living index | N/A |
C02 Emissions per capita | 4.1 metric tons per capita (2018) |
Global Finance Rankings & Awards: Lithuania
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000