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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.
Lithuania | Milestones
On January 1, Lithuania abandoned the litas, becoming the 19th member of the eurozone and joining Baltic peers Estonia and Latvia in the economic and monetary union.
USD 5.8 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 53.3 billion (2018, estimate)
Intl$ 97.0 billion (2018, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
7.4% | 11.1% | 2.6% | -14.8% | 1.6% | 6.1% | 3.8% |
2014 | 2015 | 2016 | 2017 | 2018* | ||
3.6% | 3% | 1.6% | 2.6% | 3% |
*Estimate
USD 19,143.4 (2018, estimate)
1980 | 1990 | 2000 | 2010 | 2018 |
N/A | N/A | 0.07% | 0.07% | 0.07% |
*Estimate
(2018 estimate)
0.9% (2017)
2015 | 2016 | 2017 | 2018* | 2019* |
-0.7% | 0.7% | 3.7% | 2.5% | 2.3% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
9.1% | 7.9% | 7.1% | 6.1% | 6.1% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
42.6% | 39.9% | 39.4% | 34.2% | 31.8% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
-0.2% | 0.3% | 0.5% | 0.7% | 0.5% |
*Estimate
Standard & Poor's: A
Moody's: A3
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
1.6 % (2018 estimate)
82.3% (2018)
0.17% (2018)
0.20% (2018)
Refined fuel, machinery and equipment, chemicals, textiles, foodstuffs, plastics
Oil, natural gas, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals
Russia 15%, Latvia 9.9%, Poland 8.1%, Germany 7.3%, US 5.2%, Estonia 5%, Sweden 4.8%(2017)
Russia 13%, Germany 12.3%, Poland 10.6%, Latvia 7.1%, Italy 5.2%, Netherlands 5.1%, Sweden 4% (2017)
2016 | 2017 | 2018 |
USD 264 million | USD 652 million | USD 905 million |
2016 | 2017 | 2018 |
USD 108 million | USD 33 million | USD 838 million |
2015 | 2016 | 2017 | 2018 |
N/A | USD 17 million | USD 16 million | USD 554 million |
N/A
N/A
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
39 out of 141 countries
(2019)
Ranking: 21 / Score: 74.2 (Mostly free)
(100=totally free 0=totally repressed)
Lithuanian (official) 82%, Russian 8%, Polish 5.6%, other 0.9%, unspecified 3.5% (2011 est.)
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.)
1990 | 2000 | 2010 | 2015 | 2020* |
N/A | 3.5 million | 3.1 million | 2.91 million | 2.76 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
39.5% | 61.2% | 67% | 67.7% |
Total population: 99.8%
Male: 99.8%
Female: 99.8%
Definition: age 15 and over can read and write (2015 est.)
1.5% (last available estimate, 2015)
37.4 (last available estimate, 2015)
(0=perfect equality, 100=absolute inequality)
Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 15.2% Mobile: 164.3% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)