Lithuania Economic Statistics and Indicators
28, Apr 2017, EDT. Welcome to the Lithuania economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Lithuania › Change country
National or Regional Currency: Litas, LTL
Year of data: 2015 › Change year
Number of Indicators Listed: 39
Full Dataset: From Year 1980 to 2021
Date of Last Update: 30th June 2016
Population: 3505738 ; note: Statistics Lithuania (the national statistical agency of Lithuania) estimates the country's total population at the start of 2013 to be 2,971,905, which takes into account the findings of Lithuania's 2011 census and the high rate of net outmigration since the country joined the EU in 2004 (July 2014 est.)
Area: total: 65,300 sq km ; land: 62,680 sq km ; water: 2,620 sq km
Natural Resources: peat, arable land, amber
Capital: name: Vilnius ; geographic coordinates: 54 41 N, 25 19 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Lithuania gained membership in the World Trade Organization and joined the EU in May 2004. Despite its EU accession, Lithuania's trade with its Central and Eastern European neighbors, and Russia in particular, accounts for a significant share of total trade. Foreign investment and business support have helped in the transition from the old command economy to a market economy. The three former Soviet Baltic republics were among the hardest hit by the 2008-09 financial crisis. The government's efforts to attract foreign investment, to develop export markets, and to pursue broad economic reforms has been key to Lithuania's quick recovery from a deep recession, making Lithuania one of the fastest growing economies in the EU. Lithuania is committed to meeting the Maastricht criteria to join the euro zone, which the government expects to achieve by 2015. Under the Conservative Party's leadership, Lithuania raised the monthly minimum wage in January 2012 nearly 25% over 2011. In January 2013, the new Social Democrat-led government increased the minimum wage another 25% over January 2012. Despite government efforts, unemployment remains high.
More on the Lithuania Economy
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GDP (Constant Prices, National Currency) for Lithuania in year 2015 is LTL 33.45 Billion.
GDP (Current Prices, National Currency) for Lithuania in year 2015 is LTL 37.19 Billion.
GDP (Current Prices, US Dollars) for Lithuania in year 2015 is US$ 41.267 Billion.
GDP Deflator for Lithuania in year 2015 is 111.181 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Current Prices, US Dollars) for Lithuania in year 2015 is US$ 14,210.28 .
GDP (PPP), US Dollars for Lithuania in year 2015 is US$ 82.355 Billion.
GDP Per Capita (PPP), US Dollars for Lithuania in year 2015 is US$ 28,359.10 .
Investment (% of GDP) for Lithuania in year 2015 is 18.62 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Lithuania in year 2015 is 139.137 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Lithuania in year 2015 is 139.11 (Index, Base Year 2000 = 100).
Employment for Lithuania in year 2015 is 1.338 Million .
Population for Lithuania in year 2015 is 2.904 Million .
General government revenue (National Currency) for Lithuania in year 2015 is LTL 12.715 Billions.
General government total expenditure (National Currency) for Lithuania in year 2015 is LTL 12.972 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Lithuania in year 2015 is LTL -0.257 Billions.
General Government Structural Balance (National Currency) for Lithuania in year 2015 is LTL -0.183 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Lithuania in year 2015 is LTL 37.19 Billions.
Current Account Balance (US Dollars) for Lithuania in year 2015 is US$ -0.932 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International