Source
Central bank

Bank of Lithuania

International Reserves

USD 5.8 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 53.3 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 97.0 billion (2018, estimate)

Real GDP growth
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

GDP per capita - current prices

USD 19,143.4 (2018, estimate)

GDP per capita - PPP

Intl$ 34,825.8 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2018
N/A N/A 0.07% 0.07% 0.07%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.7% 
  • industry: 26.1% 
  • services: 61.1%

(2018 estimate)

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

0.9% (2017)

Inflation
2015 2016 2017 2018* 2019*
-0.7% 0.7% 3.7% 2.5% 2.3%

*Estimate

Unemployment rate
2015 2016 2017 2018* 2019*
9.1% 7.9% 7.1% 6.1% 6.1%

*Estimate

Household saving rates

-5.2% (Net, 2017 forecast)

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
42.6% 39.9% 39.4% 34.2% 31.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-0.2% 0.3% 0.5% 0.7% 0.5%

*Estimate

Government bond ratings

Standard & Poor's: A

Moody's: A3

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD 0.9 billion (2018 estimate)

Current account balance by percentage of GDP

1.6 % (2018 estimate)

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

82.3% (2018)

Shares in world total merchandising export

0.17% (2018)

Shares in world total commercial services export

0.20% (2018)

Total exports

USD 44.0 billion (2018 estimate)

Export commodities

Refined fuel, machinery and equipment, chemicals, textiles, foodstuffs, plastics

Total imports

USD 42.4 billion (2018 estimate)

 
 
Source
Import commodities

Oil, natural gas, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals

Exports - major partners

Russia 15%, Latvia 9.9%, Poland 8.1%, Germany 7.3%, US 5.2%, Estonia 5%, Sweden 4.8%(2017)

Imports - major partners

Russia 13%, Germany 12.3%, Poland 10.6%, Latvia 7.1%, Italy 5.2%, Netherlands 5.1%, Sweden 4% (2017)

FDI inflows
2016 2017 2018
USD 264 million USD 652 million USD 905 million
FDI outflows
2016 2017 2018
USD 108 million USD 33 million USD 838 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A USD 17 million USD 16 million USD 554 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

Global competitiveness ranking

39 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 21 / Score: 74.2 (Mostly free)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+2

Total area

65,300 sq km

Capital

Vilnius 

Currency

Litai (LTL)

Government type

Semi-presidential republic

Languages

Lithuanian (official) 82%, Russian 8%, Polish 5.6%, other 0.9%, unspecified 3.5% (2011 est.)

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.)

Total population
1990 2000 2010 2015 2020*
N/A 3.5 million 3.1 million 2.91 million 2.76 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
39.5% 61.2% 67% 67.7%
Population median age

44 years 

Population growth rate

-1.1% (2018 estimate)

Life expectancy

75.2 years (2018 estimate)

Literacy

Total population: 99.8% 
Male: 99.8% 
Female: 99.8%
Definition: age 15 and over can read and write (2015 est.)

% of population living on less than $3.10 a day

1.5% (last available estimate, 2015)

Inequality of wealth distribution (Gini index)

37.4 (last available estimate, 2015)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 15.2% Mobile: 164.3% (2018) 
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

79.72 % (2018)

Mercer Cost of living index

Vilnius: 152nd (2019)

CO2 emissions

4.38 metric tons per capita (2014)

World's Best Developed & Emerging Markets Banks

World's Best Internet Banks

World's Best Subcustodian Banks

World’s Best Foreign Exchange Providers

World's Best Banks By Region

World's Best Banks

2013

World’s Best Trade Finance Banks

Best of…

Additional Awards