ECON FACTBOOK

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Economy of Lithuania

Population: 3.0 million in 2013¹

GDP: $46 billion in 2013²

GDP per capita: $15,538 nominal³ ($25,417 PPP⁴) in 2013

GDP growth rate: 3.3% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Other activities	11,815	30.5%
Manufacturing	7,935	20.5%
Wholesale, retail trade, restaurants and hotels	7,417	19.2%
Transport, storage and communication	5,924	15.3%
Construction	2,517	6.5%
Mining and utilities	1,638	4.2%
Agriculture, hunting, forestry, fishing	1,474	3.8%
Total value added	38,719	100%

Employment

Unemployment rate: 11.8% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Wholesale trade, retail trade and repair of motor vehicles	228	17.6%
Manufacturing	199	15.4%
Education	126	9.7%
Agriculture, forestry and fishing	109	8.4%
Construction	99	7.7%
Transportation and storage	94	7.3%
Human health and social work	85	6.6%
Public administration and defence	80	6.2%
Professional, scientific and technical	53	4.1%
Administrative and support service	41	3.2%
Accommodation and food service	33	2.6%
Other service	28	2.2%
Arts, entertainment and recreation	26	2.0%
Information and communication	25	1.9%
Finance and insurance	18	1.4%
Real estate	16	1.2%
Water supply, sewerage and waste management	16	1.3%
Electricity, gas, steam and air conditioning	11	0.9%
Mining and quarrying	4	0.3%
Activities of households as employers	2	0.2%
Extraterritorial organizations and bodies	0	0.0%
Total employment	1,293	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $57 billion (123% of GDP) in 2014¹⁰

Household Wealth per Adult: $22,689 in 2014¹⁰

Gini Coefficient: .326 in 2011¹¹

Government

Central Government

Central Government Revenue: $14.5 billion (31% of GDP) in 2013¹²

Central Government Expenditure: $15.3 billion (33% of GDP) in 2013¹²

Central Government Budget Balance: -$0.8 billion (-2% of GDP) in 2013¹²

Central Government Public Debt: $16.7 billion (36% of GDP) in Dec 2014* ¹³

Central Government 10 Year Bond Interest Rate: 1.30% on Feb 5, 2015¹⁴

* Public debt calculated using the exchange rate 0.871 EUR = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013¹⁵

15%: $0+

Corporate Tax Rate: 15% in 2014¹⁶

Monetary Policy

Money Supply (Euro area, M1): $6.67 trillion in Nov 2014* ¹⁷

Benchmark Interest Rate (Euro area): Main Refinancing rate = 0.05% in Sept 2014¹⁸

Total Reserves: $8 billion (17% of GDP) in 2013¹⁹

Exchange Rate: 0.871 Euro = 1 U.S. Dollar on Feb 5, 2015²⁰

Inflation: 1.1% in 2013²¹

* Money supply calculated using the exchange rate .871 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $30.4 billion (66% of GDP) in 2013²³

Imports: $32.5 billion (71% of GDP) in 2013²³

Trade Balance: -$2.1 billion (-5% of GDP) in 2013²³

Foreign Direct Investment Inflow: $712 million (2% of GDP) in 2013²⁴

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References