Lithuania Economy

June 29, 2010Lithuaniaby EconomyWatch

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Lithuania is an upper middle-income country comes under the Europe and Central Asia, according to the classification made by the World Bank on the basis of income and region for the year 2006. It has a total surface area of 65,300.0 square kilometers in 2004 with a total forest area of 20,200.0 square kilometers.

Social Indicators:

Demographic and social indicators of Lithuania are as follows:

Social Indicators 2000 2003 2004 Population, total 3.5 million 3.5 million 3.4 million Population growth (annual %) -0.9 -0.4 -0.5 Life expectancy at birth, total (years) 72.0 71.9 71.9 Fertility rate, total (births per woman) 1.3 1.3 1.3 Mortality rate, infant (per 1,000 live births) 8.5 6.7 7.5

Economic Indicators:

Adoption of free market economic norms in the country over the years has given birth better economic results in the recent years. Present economic indicators of the country are as follows:

Econmic Indicator 2000 2003 2004 GNI, Atlas method (current US$) 11.1 billion 15.7 billion 19.7 billion GNI per capita, Atlas method (current US$) 3,170.0 4,540.0 5,740.0 GDP (current US$) 11.4 billion 18.4 billion 22.3 billion GDP growth (annual %) 3.9 9.7 6.7 Inflation, GDP deflator (annual %) 1.0 -0.8 3.3

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