Economy - overview:
Lithuania gained membership in the World Trade Organization and joined the EU in May 2004. Despite Lithuania's EU accession, Lithuania's trade with its Central and Eastern European neighbors, and Russia in particular, accounts for a significant share of total trade. Foreign investment and business support have helped in the transition from the old command economy to a market economy. Lithuania's economy grew on average 8% per year for the four years prior to 2008 driven by exports and domestic demand. However, GDP plunged nearly 15% in 2009 - the three former Soviet Baltic republics were among the hardest hit by the 2008-09 financial crisis. In 2009, the government launched a high-profile campaign, led by Prime Minister KUBILIUS, to attract foreign investment and to develop export markets, and the government's steadfast commitment to broad economic reforms has been vital in Lithuania's quick recovery from a deep recession, although unemployment - at 16.2%in 2011 - remains stubbornly high. Lithuania in 2011 began to unbundle its energy networks in order to reduce its dependence on Russian energy.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Lithuania on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Lithuania Economy 2012 information contained here. All suggestions for corrections of any errors about Lithuania Economy 2012 should be addressed to the CIA.
$61.3 billion (2011 est.)
country comparison to the world: 88
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$43.2 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
6% (2011 est.)
country comparison to the world: 50
[see also: GDP - real growth rate country ranks ]
$18,700 (2011 est.)
country comparison to the world: 66
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 3.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 28%
[see also: GDP - composition by sector - industry country ranks ]
services: 68.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
1.618 million (2011 est.)
country comparison to the world: 126
[see also: Labor force country ranks ]
agriculture: 14%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 29.1%
[see also: Labor force - by occupation - industry country ranks ]
services: 56.9% (2005)
[see also: Labor force - by occupation - services country ranks ]
16.2% (2011 est.)
country comparison to the world: 152
[see also: Unemployment rate country ranks ]
4% (2003)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 29.1% (2008)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
37.6 (2008)
country comparison to the world: 78
[see also: Distribution of family income - Gini index country ranks ]
16.9% of GDP (2011 est.)
country comparison to the world: 152
[see also: Investment (gross fixed) country ranks ]
revenues: $14.09 billion
[see also: Budget revenues country ranks ]
expenditures: $16.54 billion (2011 est.)
[see also: Budget expenditures country ranks ]
32.6% of GDP (2011 est.)
country comparison to the world: 76
[see also: Taxes and other revenues country ranks ]
-5.7% of GDP (2011 est.)
country comparison to the world: 160
[see also: Budget surplus (+) or deficit (-) country ranks ]
37.7% of GDP (2011 est.)
country comparison to the world: 79
note: data cover general Government Gross Debt, and includes debt instruments issued (or owned) by Government entities, including sub-sectors of central government, state government, local government, and social security funds
[see also: Public debt country ranks ]
4% (2011 est.)
country comparison to the world: 98
[see also: Inflation rate (consumer prices) country ranks ]
3% (31 December 2010 est.)
country comparison to the world: 106
[see also: Central bank discount rate country ranks ]
5.5% (31 December 2011 est.)
country comparison to the world: 145
[see also: Commercial bank prime lending rate country ranks ]
$12.14 billion (31 December 2011 est.)
country comparison to the world: 70
[see also: Stock of narrow money country ranks ]
$20.49 billion (31 December 2011 est.)
country comparison to the world: 84
[see also: Stock of broad money country ranks ]
$25.71 billion (31 December 2011 est.)
country comparison to the world: 74
[see also: Stock of domestic credit country ranks ]
$5.661 billion (31 December 2010)
country comparison to the world: 83
[see also: Market value of publicly traded shares country ranks ]
grain, potatoes, sugar beets, flax, vegetables; beef, milk, eggs; fish
metal-cutting machine tools, electric motors, television sets, refrigerators and freezers, petroleum refining, shipbuilding (small ships), furniture making, textiles, food processing, fertilizers, agricultural machinery, optical equipment, electronic components, computers, amber jewelry
6.7% (2011 est.)
country comparison to the world: 40
[see also: Industrial production growth rate country ranks ]
12.27 billion kWh (2008 est.)
country comparison to the world: 85
[see also: Electricity - production country ranks ]
10.3 billion kWh (2008 est.)
country comparison to the world: 87
[see also: Electricity - consumption country ranks ]
7.715 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]
2.932 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
5,732 bbl/day (2010 est.)
country comparison to the world: 92
[see also: Oil - production country ranks ]
67,000 bbl/day (2010 est.)
country comparison to the world: 90
[see also: Oil - consumption country ranks ]
76,510 bbl/day (2009 est.)
country comparison to the world: 70
[see also: Oil - exports country ranks ]
183,100 bbl/day (2009 est.)
country comparison to the world: 51
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 206
[see also: Natural gas - production country ranks ]
2.7 billion cu m (2009 est.)
country comparison to the world: 76
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 132
[see also: Natural gas - exports country ranks ]
2.7 billion cu m (2009 est.)
country comparison to the world: 42
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2011 est.)
country comparison to the world: 156
[see also: Natural gas - proved reserves country ranks ]
-$1.225 billion (2011 est.)
country comparison to the world: 136
[see also: Current account balance country ranks ]
$27.04 billion (2011 est.)
country comparison to the world: 65
[see also: Exports country ranks ]
mineral products 22%, machinery and equipment 10%, chemicals 9%, textiles 7%, foodstuffs 7%, plastics 7%
Russia 15.7%, Germany 10.1%, Latvia 9.8%, Poland 7.9%, Netherlands 5.7%, Belarus 5.2%, Estonia 5.2%, UK 5% (2010)
$29.4 billion (2011 est.)
country comparison to the world: 65
[see also: Imports country ranks ]
mineral products, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals
Russia 32.9%, Germany 11%, Poland 8.9%, Latvia 6.3%, Netherlands 4.4% (2010)
$7.474 billion (31 December 2011 est.)
country comparison to the world: 78
[see also: Reserves of foreign exchange and gold country ranks ]
$27.67 billion (31 December 2011 est.)
country comparison to the world: 71
[see also: Debt - external country ranks ]
$15.01 billion (31 December 2011 est.)
country comparison to the world: 77
[see also: Stock of direct foreign investment - at home country ranks ]
$2.317 billion (31 December 2011 est.)
country comparison to the world: 68
[see also: Stock of direct foreign investment - abroad country ranks ]
litai (LTL) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12