Indicators of economy in Lithuania
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Lithuania reached 19.602 US dollars per inhabitant, or 54.63 bn US Dollar in the whole country. Lithuania is therefore currently ranked 83 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Lithuania is in the list of the world's richest countries in place 37.Inflation in Lithuania was in 2019 at around 2.33%. For the the EU, the average of the same was year at 1.63%.
Compared to Germany, the prices for convenience goods are approximately 36.09% lower.
The Corruption Perceptions Index for the public sector counts 60 and is compared to other countries moderate.
Back to overview: Lithuania
Unemployment rates in percent 1991 - 2020
Economic performance 2019
Lithuania Total | Lithuania per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 54.63 bn USD | 19,601.89 USD | 15,626.45 tn USD | 30,381.17 USD |
Gross national product | 53.16 bn USD | 19,076.12 USD | 16,026.52 tn USD | 31,158.99 USD |
Lithuania ranked 40th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.
Development of the Gross domestic product in billion US Dollar 1995 - 2019
Household debt and deficits 2019
Lithuania Total | Lithuania per capita | EU Total | EU per capita | |
---|---|---|---|---|
Gross debt | 19.62 bn USD | 7,039.51 USD | 14,618.72 tn USD | 28,421.93 USD |
Budget deficit | -146.32 m USD | -52.50 USD | 148.52 bn USD | 288.76 USD |
Please note: A negative budget deficit equivalents to a surplus |
› Debt budget development
› Development of inflation
› Corruption in Lithuania
› Cost of living in a global comparison
› Development of inflation
› Corruption in Lithuania
› Cost of living in a global comparison
Im- and Exports 2019
Lithuania Total | Lithuania per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 39.30 bn USD | 14,102.12 USD | 8,073.39 bn USD | 15,696.41 USD |
Exports | 42.33 bn USD | 15,187.72 USD | 8,622.21 bn USD | 16,763.44 USD |
Development of imports and exports in billion US dollars 1993 - 2019
Exports
Imports