household debts in Lithuania

Gross debt in Lithuania

General government debt of Lithuania refers to the debts of the state, their states and municipalities, and also of public sector institutions such as social security funds.

The government debt in the period from 2000 to 2021 was between 2.7 billion and 29.7 billion USD. The highest level of the last years at 30 billion US Dollar was reached in 2021. The budget deficit in the same year was 764.5 million USD.

Based on the number of inhabitants, this is a debt of 10,595 USD per person. For comparison, the average debt per person in the same year in the European Union was 35,341 USD.

Back to overview: Lithuania

Gross debt of the last 21 years in billion USD

YearLithuania total% of GDPper capitaEU per capita
20002.71 bn USD23.52%775 USD10,328 USD
20012.81 bn USD22.92%808 USD10,404 USD
20023.16 bn USD22.17%918 USD11,368 USD
20033.83 bn USD20.39%1,121 USD14,148 USD
20044.23 bn USD18.69%1,252 USD16,162 USD
20054.60 bn USD17.64%1,386 USD16,918 USD
20065.21 bn USD17.26%1,593 USD17,549 USD
20076.31 bn USD15.89%1,952 USD19,574 USD
20086.97 bn USD14.58%2,179 USD22,721 USD
200910.46 bn USD27.99%3,309 USD23,701 USD
201013.44 bn USD36.21%4,341 USD25,145 USD
201116.17 bn USD37.13%5,339 USD28,417 USD
201217.04 bn USD39.70%5,704 USD27,784 USD
201317.99 bn USD38.67%6,083 USD30,021 USD
201419.67 bn USD40.53%6,707 USD30,832 USD
201517.69 bn USD42.68%6,088 USD26,170 USD
201617.17 bn USD39.90%5,988 USD26,655 USD
201718.79 bn USD39.34%6,642 USD27,535 USD
201818.09 bn USD33.66%6,459 USD29,172 USD
201919.64 bn USD35.87%7,028 USD27,927 USD
202026.48 bn USD46.58%9,474 USD32,227 USD
202129.67 bn USD44.66%10,595 USD35,341 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Lithuania       European Union

Budget deficit in Lithuania

household debts in LithuaniaThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Lithuania in the period between 1998 and 2022 varied between -3.90 billion euros and +288.87 million euros. In 2022, Lithuania reached a balance of -448 million euros.

In ratio to population, this equals a new indebtedness of 160 euros per capita in Lithuania in 2022. For comparison, the average debt per capita in the European Union in the same year was 1,254 euros.

Budget deficit and surplus in the last 24 years

YearLithuania total% of GDPper capitaEU per capita
1998-338.01 M USD-3.01%-95 USD-398 USD
1999-309.61 M USD-2.82%-88 USD-204 USD
2000-367.41 M USD-3.19%-105 USD112 USD
2001-432.13 M USD-3.53%-125 USD-299 USD
2002-266.19 M USD-1.87%-77 USD-565 USD
2003-238.34 M USD-1.27%-70 USD-840 USD
2004-315.83 M USD-1.40%-94 USD-920 USD
2005-89.70 M USD-0.34%-27 USD-822 USD
2006-82.24 M USD-0.27%-25 USD-568 USD
2007-324.53 M USD-0.82%-100 USD-360 USD
2008-1,482.57 M USD-3.10%-464 USD-1,085 USD
2009-3,420.89 M USD-9.15%-1,082 USD-2,021 USD
2010-2,564.57 M USD-6.91%-828 USD-1,970 USD
2011-3,900.38 M USD-8.96%-1,288 USD-1,463 USD
2012-1,361.25 M USD-3.17%-456 USD-1,220 USD
2013-1,222.25 M USD-2.63%-413 USD-1,027 USD
2014-292.27 M USD-0.60%-100 USD-851 USD
2015-124.04 M USD-0.30%-43 USD-574 USD
2016108.25 M USD0.25%38 USD-421 USD
2017199.28 M USD0.42%70 USD-263 USD
2018288.87 M USD0.54%103 USD-134 USD
2019258.27 M USD0.47%92 USD-191 USD
2020-3,709.64 M USD-6.53%-1,327 USD-2,317 USD
2021-764.50 M USD-1.15%-273 USD-1,852 USD
2022-448.47 M USD-160 USD-1,254 USD

(negative numbers = deficit)
Comparison: average incomeAverage income around the worldA comparison of the average income per capita over 69 countries worldwide
The richest countries in the worldThe richest countries in the worldThese are the 50 wealthiest countries in a global comparison: tax havens, gambling, and oil ensure prosperity.
Australia: Public HolidaysPublic holidays in Australia 2023-2027Statutory and inofficial holidays in Australia for 2023 to 2027