household debts in Lithuania

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. 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 2021 was between 1.8 billion and 29.0 billion USD. The highest level of the last years at 29 billion US Dollar was reached in 2021. The budget deficit in the same year was 655.9 million USD.

Based on the number of inhabitants, this is a debt of 10,361 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearLithuania totalLithuania per capitaEU per capita
19981.77 bn USD499 USD14,079 USD
19992.64 bn USD750 USD14,032 USD
20002.69 bn USD769 USD11,232 USD
20012.85 bn USD822 USD11,255 USD
20023.18 bn USD924 USD12,258 USD
20033.84 bn USD1,125 USD15,286 USD
20044.23 bn USD1,254 USD17,595 USD
20054.61 bn USD1,386 USD18,327 USD
20065.21 bn USD1,594 USD18,877 USD
20076.32 bn USD1,955 USD20,898 USD
20087.00 bn USD2,190 USD24,086 USD
200910.50 bn USD3,320 USD25,361 USD
201013.46 bn USD4,345 USD26,496 USD
201116.19 bn USD5,346 USD29,231 USD
201217.04 bn USD5,704 USD28,174 USD
201318.00 bn USD6,085 USD29,981 USD
201419.70 bn USD6,718 USD30,648 USD
201517.62 bn USD6,066 USD25,918 USD
201617.10 bn USD5,961 USD26,261 USD
201718.69 bn USD6,606 USD27,024 USD
201818.09 bn USD6,459 USD28,448 USD
201919.62 bn USD7,022 USD27,168 USD
202026.34 bn USD9,425 USD30,783 USD
202129.02 bn USD10,361 USD33,695 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 2021 varied between -4.12 billion euros and +288.75 million euros. In 2021, Lithuania reached a balance of -656 million euros.

In ratio to population, this equals a new indebtedness of 234 euros per capita in Lithuania in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearLithuania totalLithuania per capitaEU per capita
1998-338.01 M USD-95 USD-398 USD
1999-309.61 M USD-88 USD-204 USD
2000-367.41 M USD-105 USD112 USD
2001-432.13 M USD-125 USD-299 USD
2002-266.19 M USD-77 USD-565 USD
2003-238.34 M USD-70 USD-840 USD
2004-315.83 M USD-94 USD-920 USD
2005-89.70 M USD-27 USD-822 USD
2006-82.24 M USD-25 USD-568 USD
2007-324.53 M USD-100 USD-360 USD
2008-1,482.57 M USD-464 USD-1,085 USD
2009-3,420.89 M USD-1,082 USD-2,021 USD
2010-2,564.57 M USD-828 USD-1,970 USD
2011-3,900.38 M USD-1,288 USD-1,462 USD
2012-1,361.25 M USD-456 USD-1,220 USD
2013-1,222.25 M USD-413 USD-1,027 USD
2014-292.27 M USD-100 USD-852 USD
2015-124.04 M USD-43 USD-577 USD
2016108.25 M USD38 USD-423 USD
2017199.28 M USD70 USD-263 USD
2018288.75 M USD103 USD-139 USD
2019259.05 M USD93 USD-197 USD
2020-4,117.52 M USD-1,473 USD-2,312 USD
2021-655.93 M USD-234 USD-1,787 USD

(negative numbers = deficit)
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