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 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 in Lithuania a debt of 10,383 USD per person. For comparison: The average debt per person in the same year in the European Union was 33,674 USD.
Back to overview: Lithuania
Gross debt of the last 23 years in billion USD
Year | Lithuania total | Lithuania per capita | EU per capita |
---|---|---|---|
1998 | 1.77 bn USD | 499 USD | 14,079 USD |
1999 | 2.64 bn USD | 750 USD | 14,032 USD |
2000 | 2.69 bn USD | 769 USD | 11,232 USD |
2001 | 2.85 bn USD | 822 USD | 11,255 USD |
2002 | 3.18 bn USD | 924 USD | 12,258 USD |
2003 | 3.84 bn USD | 1,125 USD | 15,286 USD |
2004 | 4.23 bn USD | 1,254 USD | 17,595 USD |
2005 | 4.61 bn USD | 1,386 USD | 18,327 USD |
2006 | 5.21 bn USD | 1,594 USD | 18,877 USD |
2007 | 6.32 bn USD | 1,955 USD | 20,898 USD |
2008 | 7.00 bn USD | 2,190 USD | 24,086 USD |
2009 | 10.50 bn USD | 3,320 USD | 25,361 USD |
2010 | 13.46 bn USD | 4,345 USD | 26,496 USD |
2011 | 16.19 bn USD | 5,346 USD | 29,231 USD |
2012 | 17.04 bn USD | 5,704 USD | 28,174 USD |
2013 | 18.00 bn USD | 6,085 USD | 29,981 USD |
2014 | 19.70 bn USD | 6,718 USD | 30,648 USD |
2015 | 17.62 bn USD | 6,066 USD | 25,920 USD |
2016 | 17.10 bn USD | 5,961 USD | 26,262 USD |
2017 | 18.69 bn USD | 6,606 USD | 27,025 USD |
2018 | 18.09 bn USD | 6,459 USD | 28,454 USD |
2019 | 19.62 bn USD | 7,022 USD | 27,178 USD |
2020 | 26.34 bn USD | 9,425 USD | 30,798 USD |
2021 | 29.02 bn USD | 10,383 USD | 33,674 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 2021 varied between -4.12 bn Euro and +288.75 m Euro. In 2021 was reached a balance of -656 m Euro.
In ratio to population, this equals a new indebtedness of 235 Euro per capita in Lithuania only in 2021. For comparison, the average debt per capita in the European Union was in the same year at 1,786 Euro.
Budget deficit and surplus in the last 23 years
Year | Lithuania total | Lithuania per capita | EU 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 USD | 112 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 |
2016 | 108.25 M USD | 38 USD | -423 USD |
2017 | 199.28 M USD | 70 USD | -263 USD |
2018 | 288.75 M USD | 103 USD | -139 USD |
2019 | 259.05 M USD | 93 USD | -197 USD |
2020 | -4,117.52 M USD | -1,473 USD | -2,313 USD |
2021 | -655.93 M USD | -235 USD | -1,786 USD |
(negative numbers = deficit)