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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


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities11,81530.5%
Wholesale, retail trade, restaurants and hotels7,41719.2%
Transport, storage and communication5,92415.3%
Mining and utilities1,6384.2%
Agriculture, hunting, forestry, fishing1,4743.8%
Total value added38,719100%


Unemployment rate: 11.8% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles22817.6%
Agriculture, forestry and fishing1098.4%
Transportation and storage947.3%
Human health and social work856.6%
Public administration and defence806.2%
Professional, scientific and technical534.1%
Administrative and support service413.2%
Accommodation and food service332.6%
Other service282.2%
Arts, entertainment and recreation262.0%
Information and communication251.9%
Finance and insurance181.4%
Real estate161.2%
Water supply, sewerage and waste management161.3%
Electricity, gas, steam and air conditioning110.9%
Mining and quarrying40.3%
Activities of households as employers20.2%
Extraterritorial organizations and bodies00.0%
Total employment1,293100%


Top 10 Corporations by Revenue 20139



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

Household Wealth per Adult: $22,689 in 201410

Gini Coefficient: .326 in 201111


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


Tax Structure

Individual Income Tax Rates and Thresholds in 201315

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


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access National Sumary Data (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: Ernst & Young, Doing business in Lithuania (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: ECB Monetary developments (Money supply) Go back
18. Source: ECB Key interest rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back