Lithuania GDP

Lithuania country overview

Before we start to Lithuania GDP first we start Lithuania country overview, so Lithuania is officially called the Republic of Lithuania. This country is located in Europe. Lithuania shares her border with Latvia, Belarus, Poland, and Russia. Vilnius is the capital and largest city of Lithuania.

Its official language is Lithuanian. In ethnic groups, 86% Lithuanians, 6% Poles, and other ethnic groups live Lithuania.

If we talk about the religious divide in Lithuania, 93% Christianity, 6% Non-religion, and 1% others lived in Lithuania. Lithuanian’s government system is the Unitary semi-presidential republic.

Its president name is Gitanas Nauseda. Its prime minister’s name is Ingrida Simonyte. Its land area is 65,301 km2. Its land area rank is 121st in the world.

Its total population is 2,784,280 in the year 2021. Its population rank is 142nd in the world. Its population density is 43 / km2 in the year 2021. Its population density rank is 138th in the world.

Lithuania Economy

Its currency name is Euro. Lithuanian economy is considered a developing economy. The inflation rate is 1.3% in the year 2020. 22% of the population lives below the poverty line.

Its HDI rate is 0.869 which is considered very high in the world. Its HDI rank is 34th in the world. The unemployment rate in Lithuania is 10% in the year 2020.

Its gross external debt is $34 billion in the year 2016. Its total foreign reserves are euro 4 billion in the year 2018.

Lithuania GDP

Lithuania’s total GDP is $64 billion (nominal) and $114 billion (PPP) in the year 2021. Its GDP rank is 83rd (nominal) and 86th (PPP) in the year 2021.

Its GDP growth rate is 4% in the year 2021. Its GDP per capita is $22,700 (nominal) and $41,200 (PPP) in the year 2021. Its GDP per capita rank is 41st (nominal) and 37th (PPP) in the year 2019.

When we talk about its GDP by sector, so agriculture by 3.2%, industry by 28%, and services are 68% in the year 2017.

Exports

Its total exports are $29 billion in the year 2017. Its main export goods are fuel, machinery, chemicals, food products, and others. Its main export partners are Russia, Poland, the United States, Germany, and others.

Imports

Lithuanian total imports are $31 billion in the year 2017. Its main import goods are oil, Gas, transport, textile, and others. Its main import partners are Russia, Germany, Italy, Netherlands, Sweden, and others.

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