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| LITHUANIAN ECONOMY STATS: |
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Agriculture > products grain, potatoes, sugar beets, flax, vegetables; beef, milk, eggs; fish |
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Aid as % of GDP
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0.9% |
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[93rd of 129]
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Big Mac Index
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$2.31 |
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[33rd of 65]
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Debt > External
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$22,700,000,000.00 |
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[65th of 136]
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Distribution of family income > Gini index
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36 |
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[14th of 43]
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Economic freedom
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2.65 |
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[30th of 156]
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Economy > Overview Lithuania, the Baltic state that has conducted the most trade with Russia, has grown rapidly since rebounding from the 1998 Russian financial crisis. Unemployment fell to 3.2% in 2007 while wages continued to grow at double digit rates, contributing to rising inflation. Exports and imports also grew strongly, and the current account deficit rose to nearly 15% of GDP in 2007. Trade has been increasingly oriented toward the West. Lithuania has gained membership in the World Trade Organization and joined the EU in May 2004. Privatization of the large, state-owned utilities is nearly complete. Foreign government and business support have helped in the transition from the old command economy to a market economy. |
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Exports
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$17,180,000,000.00 |
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[69th of 189]
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GDP
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$29,790,800,000.00 |
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[69th of 203]
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GDP > PPP
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$44,779,000,000.00 |
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[71st of 163]
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GDP > Real growth rate
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8.8% |
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[22nd of 198]
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GINI index
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36.03
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[25th of 40]
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Gross National Income
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$11,652,500,000.00 |
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[73rd of 172]
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Human Development Index
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0.852 |
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[39th of 178]
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Income category
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Upper middle income |
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Income distribution > Richest 10%
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25.6% |
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[83rd of 114]
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Population below poverty line
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4% |
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[42nd of 46]
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Poverty > Share of all poor people
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0.01 % of world's poor |
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[74th of 80]
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Public debt
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17.3 % of GDP |
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[99th of 121]
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Tourist arrivals
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1,012,000 |
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[51st of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; The Economist.; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Lithuania, Republic of Lithuania, Lietuvos Respublika, Lietuva
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