Lithuania in focus

Euro
EU, NATO, WTO, Shengen, OECD
Lithuanian
Members
Lithuania is a fast growing economy
Lithuania is the largest economy in the Baltics1
One of the highest values in the Baltics 2
+39% real wages growth
Highest growth in real wages among the OECD countries since 20084
+60% growth in FDI
Foreign Direct Investment up by 60% since 20125
€42bn in GDP
€23,500 per capita
1 Eurostat, 2018
2 Eurostat, 2018
3 Lithuanian Department of Statistics
4 OECD data, 2018
5 Invest Lithuania
Lithuanian Department of Statistics
+3.4% GDP growth in 2018
Lithuanian economic indicators
Low and stable rate of inflation1
Decreased almost twice since 2013 2
+2.5%
Inflation (HICP)
6.3%
Unemployment rate
1 Statistics Lithuania, 2018
2 Statistics Lithuania, 2018
3 Statistics Lithuania, 2018
Increased by approx. 10% in the past year 3
927.8 Eur
Average monthly wage
Lithuania is a good spot to start business
Lithuania ranked in its highest position globally1
Vilnius is the 1st capital in the European Union (EU)2
#1 in fulfilling ICT business needs
#1 Public Wi-Fi globally
#3 in the EU for 4G LTE coverage
According to Rotten Wi-Fi, Lithuania has the best public in the world4
According to OpenSignal (2018), 88.4% of the area of Lithuania is covered with 4G LTE mobile network5
#14 in the Ease of Doing Business
#1 Capital in the Ease of Starting a Business
In the whole world3
1 Doing Business Report 2018 by World Bank
2, 3 Invest Lithuania
4 2016, Rotten WiFi
5 OpenSignal, 2018
Globally ranked player
Global Competitiveness Index1
Economic Freedom of the World2
#29 out of 180 countries
#38 out of 180 countries
#18 out of 190 countries
Corruption Perception Index4
Paying Taxes Ranking5
#40 out of 140 countries
#13 out of 162 countries
Environmental Performance Index3
1 World Economic Forum, 2018
2 Fraser Institute, 2017
3 Yale University, 2016
4 Transparency International, 2018 5 OpenSignal, 2018
5 PWC, 2017
6 The Global Innovation Index, 2018
#3 out of 126 countries
Mobile App Creation Indicator6
Performance in FDI
Source: Invest Lithuania, 2018
TOP investing countries by share of total projects | 2010-2018
15%
United States
8%
Germany
9%
Denmark
8%
Sweden
8%
Norway
12%
UK
5%
Finland
Export structure is well diversified
TOP export markets of Lithuanian goods, 2018
9.1%
Germany
7.1%
7.6%
Latvia
9.2%
Poland
7.9%
USA
Sweden
Source: Enterprise Lithuania, 2019
TOP export goods, 2018
TOP export services, 2017
Food...

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