Worlddata.info

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 10.912 US Dollar per capita. In contrast, the GDP in Lithuania reached 20.232 US dollars per inhabitant, or 56.55 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 37.

Inflation in Lithuania was in 2021 at around 4.68%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 39.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Lithuania

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Lithuania in 2020 increased from 54.70 billion US Dollar to 56.55 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 3.4 percent increase has been rather unusual this year. While most countries have suffered significant losses, Lithuania has certainly held its own. The unemployment rate rose from 6.3 to 8.5 percent. The country's gross debt increased by 34.3%. The inflation rate has fallen from 2.3 percent previously to 1.2 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Lithuania
Total
Lithuania
per capita
EU
Total
EU
per capita
GDP56.55 bn USD20,232.30 USD15,291.93 tn USD29,710.69 USD
Gross national product54.84 bn USD19,619.88 USD15,330.84 tn USD29,786.28 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 2021


 Lithuania
Total
Lithuania
per capita
EU
Total
EU
per capita
Gross debt29.02 bn USD10,382.59 USD15,068.26 tn USD29,276.12 USD
Budget deficit655.93 m USD234.69 USD799.24 bn USD1,552.84 USD


Im- and Exports 2020

 Lithuania
Total
Lithuania
per capita
EU
Total
EU
per capita
Imports36.37 bn USD13,014.27 USD7,340.01 bn USD14,260.90 USD
Exports41.64 bn USD14,899.24 USD7,939.04 bn USD15,424.75 USD


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

Exports
Imports



Lithuania: AirportsLargest airports and airlines in LithuaniaThe 3 biggest airports and 6 airlines in Lithuania with further information and data
Lithuania: Public HolidaysPublic holidays in Lithuania 2022-2026Statutory and inofficial holidays in Lithuania for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.