Gross debt in Lithuania
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.The gross debt in Lithuania in the period from 1998 to 2019 was between 1.8 bn and 19.7 bn USD. The hightest level within the past 21 years was reached in 2014. However, the liabilities in 2019 have been only 19.62 bn USD
Based on the number of inhabitants, this is in Lithuania a debt of 7,040 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,667 USD.
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Gross debt of the last 21 years in billion USD
Jahr | Lithuania total | Lithuania per capita | EU per capita |
---|---|---|---|
1998 | 1.77 bn USD | 499 USD | 12,387 USD |
1999 | 2.64 bn USD | 750 USD | 12,342 USD |
2000 | 2.69 bn USD | 769 USD | 10,778 USD |
2001 | 2.85 bn USD | 822 USD | 10,717 USD |
2002 | 3.18 bn USD | 924 USD | 11,593 USD |
2003 | 3.94 bn USD | 1,155 USD | 14,402 USD |
2004 | 4.23 bn USD | 1,254 USD | 16,970 USD |
2005 | 4.61 bn USD | 1,386 USD | 17,846 USD |
2006 | 5.21 bn USD | 1,594 USD | 18,591 USD |
2007 | 6.32 bn USD | 1,955 USD | 20,509 USD |
2008 | 7.00 bn USD | 2,190 USD | 23,520 USD |
2009 | 10.50 bn USD | 3,320 USD | 25,266 USD |
2010 | 13.46 bn USD | 4,345 USD | 30,683 USD |
2011 | 16.19 bn USD | 5,346 USD | 34,278 USD |
2012 | 17.04 bn USD | 5,704 USD | 33,161 USD |
2013 | 18.00 bn USD | 6,085 USD | 35,247 USD |
2014 | 19.70 bn USD | 6,718 USD | 36,694 USD |
2015 | 17.62 bn USD | 6,066 USD | 31,489 USD |
2016 | 17.10 bn USD | 5,961 USD | 31,202 USD |
2017 | 18.69 bn USD | 6,606 USD | 32,056 USD |
2018 | 18.09 bn USD | 6,459 USD | 33,826 USD |
2019 | 19.62 bn USD | 7,040 USD | 32,667 USD |
Comparison of the gross debt per capita with the European Union in Euro
Budget deficit in Lithuania
The 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 insurances, 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 - it is less, it is called deficit.The budget balance in Lithuania in the period between 1998 and 2019 varied between -3.89 bn Euro and +321.00 m Euro. In 2019 was reached a balance of 146.32 m Euro.
In ratio to population, this equals a surplus of 53 Euro per capita in Lithuania. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.
Budget deficit and surplus in the last 21 years
Jahr | Lithuania total | Lithuania per capita | EU per capita |
---|---|---|---|
1998 | -338.01 M USD | -95 USD | -350 USD |
1999 | -309.61 M USD | -88 USD | -180 USD |
2000 | -367.41 M USD | -105 USD | 98 USD |
2001 | -432.13 M USD | -125 USD | -263 USD |
2002 | -266.19 M USD | -77 USD | -496 USD |
2003 | -238.34 M USD | -70 USD | -738 USD |
2004 | -315.83 M USD | -94 USD | -808 USD |
2005 | -89.70 M USD | -27 USD | -722 USD |
2006 | -82.24 M USD | -25 USD | -499 USD |
2007 | -324.53 M USD | -100 USD | -315 USD |
2008 | -1,482.57 M USD | -464 USD | -951 USD |
2009 | -3,420.89 M USD | -1,082 USD | -2,252 USD |
2010 | -2,564.57 M USD | -828 USD | -2,486 USD |
2011 | -3,891.89 M USD | -1,285 USD | -1,907 USD |
2012 | -1,348.01 M USD | -451 USD | -1,689 USD |
2013 | -1,212.56 M USD | -410 USD | -1,354 USD |
2014 | -300.51 M USD | -102 USD | -1,226 USD |
2015 | -111.73 M USD | -38 USD | -871 USD |
2016 | 99.95 M USD | 35 USD | -620 USD |
2017 | 216.90 M USD | 77 USD | -406 USD |
2018 | 321.00 M USD | 115 USD | -288 USD |
2019 | 146.32 M USD | 53 USD | -332 USD |
(negative numbers = deficit)