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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 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Lithuania reached 19.998 US dollars per inhabitant, or 55.89 bn US Dollar in the whole country. Lithuania is therefore currently ranked 81 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 30.

Inflation in Lithuania was in 2020 at around 1.20%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 36.24% 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 2020

 Lithuania
Total
Lithuania
per capita
EU
Total
EU
per capita
GDP55.89 bn USD19,997.59 USD15,192.65 tn USD29,499.72 USD
Gross national product53.10 bn USD19,000.57 USD16,012.29 tn USD31,091.23 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 - 2020


Household debt and deficits 2019


 Lithuania
Total
Lithuania
per capita
EU
Total
EU
per capita
Gross debt19.62 bn USD7,019.72 USD14,618.72 tn USD28,385.31 USD
Budget deficit-146.32 m USD-52.36 USD148.52 bn USD288.39 USD

Please note: A negative budget deficit equivalents to a surplus


Im- and Exports 2020

 Lithuania
Total
Lithuania
per capita
EU
Total
EU
per capita
Imports36.06 bn USD12,901.90 USD7,314.16 bn USD14,201.97 USD
Exports41.48 bn USD14,840.82 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in billion US dollars 1993 - 2020

Exports
Imports



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