Economy of Lithuania
Population: 2.79 M (2018)
GDP per Capita: 19,153 USD (2018)
53,430 M.

GDP USD

(2018)

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40,400 M.

EXPORTS USD

(2018)

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39,370 M.

IMPORTS USD

(2018)

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11.50 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 3.64 % (2018)
GDP of 2010 USD USD 49.40 B. (2018)
GDP Current USD USD 53.43 B. (2018)
GDP per Capita Current USD USD 19,153 (2018)
GDP per capita, PPP USD 31,178 (2018)
GDP per Capita, 2010 USD USD 17,709 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.49 % (2018)
Government Spending USD 8.81 B. (2018)
Government Debt % GDP 11.50 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 127.20 (2018)
Trade Openness 149.30 % (2018)
Exports of Goods and Services % GDP 75.62 % (2018)
Exports Goods & Services USD 40.40 B. (2018)
Exports Annual Growth 6.30 % (2018)
Imports as % GDP 73.68 % (2018)
Total Imports USD 39.37 B. (2018)
Foreign Direct Investment % GDP 1.62 % (2018)
Foreign Direct Investment USD 0.87 B. (2018)
Current Account Balance % GDP USD 1.53 % (2018)
Current Account Balance USD 0.82 B. (2018)
Trade Balance % GDP 1.94 % (2018)
Trade Balance USD 1.61 B. (2018)
Foreign Exchange Reserves incl Gold USD 5.77 B. (2018)
Remittances % GDP 2.60 % (2018)
Remittances USD 1,326 M. (2018)
Balance of Payments USD 460 M. (2017)

Labor Market

Indicator Value
Labor Force 1.44 M. (2019)
Unemployment Rate 6.64 % (2019)
Unemployment Rate Females 6.30 % (2019)
Unemployment Rate Males 6.40 % (2019)
Youth Unemployment (ages 15-24) 13.64 % (2019)
Labor Force Participation Rate 61.06 % (2019)
Labor Force (Percent Female) 50.16 % (2019)
Female Labor Force Participation Rate 56.42 % (2019)
Male Labor Force Participation Rate 66.69 % (2019)
Dependent People 52.88 % (2018)

Agriculture Sector

Indicator Value
Forest Area 34.80 % (2016)
Forest Area km² 21,820 km² (2016)
Agricultural Land 47.16 % (2016)
Agricultural Land km² 29,539 km² (2016)
Employment 7.64 % (2019)
Value added % GDP 2.91 % (2018)
Agriculture Value added USD 1.55 B. (2018)
Crop Production Index 199.90 (2016)
Precipitation 656 mm (2014)
Arable Land 34 % (2016)
Cereal Yield 4,230 kg/hectare (2017)
Food production index 137 (2016)
Rural Population 32 % (2018)
Fertilizer use of Arable Land 132 kg/hectare (2016)
Livestock Production Index 89 (2016)
Economy of Lithuania

According to the World Bank and its latest published data, the economy of the Lithuania presents a growth rate of 3.64 % (2018) to the previous year.

With a population that reaches 2.79 M (2018) and a gross domestic product of USD 53.43 B. (2018), it translates a Gross Domestic Product per Capita of USD 19,153 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Lithuania also has a workforce of 1.44 M. (2019) with an unemployment rate of 6.64 % (2019), where women represent 6.30 % (2019) and men 6.40 % (2019), the unemployment rate for young people between 15-24 years old stood at 13.64 % (2019). The total number of dependent people stands at 52.88 % (2018).

The central government spent 16.49 % (2018) of its gross domestic product that year, which in absolute terms is USD 8.81 B. (2018). Its consolidated public debt reached 11.50 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Lithuania exported USD 40.40 B. (2018), which represents 75.62 % (2018) of its gross domestic product, in that same sense its imports reached USD 39.37 B. (2018) with a direct foreign investment of USD 0.87 B. (2018).

Lithuania has a forest area of 21,820 km² (2016), which represents 34.80 % (2016) of its total area, an average rainfall of 656 mm (2014) per year and a population of 32 % (2018) living in rural areas. With a total area of 29,539 km² (2016) available for agriculture and 7.64 % (2019) of its employments, the agricultural sector contributes to the economy of the Lithuania about USD 1.55 B. (2018) (2.91 % (2018) of its GDP).