Lithuania

Description of Lithuania

Welcome to our website dedicated to exploring the geopolitical and macroeconomic landscape of Lithuania. As a country nestled in the Baltic region of Europe, Lithuania holds a strategic position with its historical ties to both Eastern and Western Europe. Through examining key macroeconomic statistics and geopolitical developments, we aim to provide valuable insights into how Lithuania is shaping its path amidst a rapidly evolving global environment.

Population And Age Structure

Population, total: Lithuania has a population of 2,794,885. This is significantly below the average population of 40,097,746. Lithuania ranks 137 out of 194 countries in terms of total population.

Population ages 0-14 (% of total population): With 15.07% of the population in the 0-14 age group, Lithuania is below the average of 27.34%. The country ranks 173 out of 194 countries in this age group distribution.

Population ages 0-14, total: The total population in Lithuania aged 0-14 is 421,192, much lower than the average of 10,327,379. Lithuania ranks 146 out of 194 countries in this category.

Population ages 15-64 (% of total population): Lithuania's 15-64 age group constitutes 64.51% of the population, slightly above the average of 63.44%. The country ranks 100 out of 194 in this age group distribution.

Population ages 15-64, total: The total population in Lithuania aged 15-64 is 1,802,976, which is significantly lower than the average of 26,003,407. Lithuania ranks 138 out of 194 countries in this category.

Population ages 65 and above (% of total population): With 20.42% of its population in the 65 and above age group, Lithuania is well above the average of 9.22%. The country ranks 13 out of 194 in this age group distribution.

Population ages 65 and above, total: The total population in Lithuania aged 65 and above is 570,717, below the average of 3,766,959. Lithuania ranks 92 out of 194 countries in this category.

Summary

Lithuania has a relatively small population compared to the global average, with a higher percentage of people in the older age groups. This demographic profile is important as it can impact the country's workforce productivity, healthcare system, pension obligations, and overall economic growth trajectory.

Population Miscellaneous

For the attribute of Rural population, Lithuania has a value of 893,078, which is significantly below the average of 18,044,041. Lithuania is ranked 133rd out of 190 countries in this category.

Regarding Rural population (% of total population), Lithuania's value of 31.954% is lower than the average of 41.158%. The country is ranked 116th out of 190 countries for this metric.

Lithuania's Urban population is 1,901,807, notably lower than the average of 22,425,747. This places Lithuania at 132nd out of 194 countries in terms of Urban population.

Urban population (% of total population) in Lithuania stands at 68.046%, above the average of 59.691%. Lithuania ranks 79th out of 194 countries for this indicator.

The Age dependency ratio (% of working-age population) for Lithuania is 55.015%, slightly below the average of 59.219%. This places Lithuania at the 95th rank out of 194 countries.

Lithuania's Birth rate, crude, is 9 births per 1,000 people, significantly lower than the average of 19.384. In this aspect, Lithuania ranks 174th out of 192 countries.

Regarding the Death rate, crude, Lithuania has a rate of 15.6 deaths per 1,000 people, higher than the average of 8.214. Despite this, Lithuania is ranked 5th out of 192 countries for this statistic.

Lithuania's Fertility rate, total, is 1.48 births per woman, below the average of 2.603. In this category, Lithuania ranks 156th out of 190 countries.

Summary

Lithuania stands out for having a relatively low rural population and a higher urban population compared to the global averages, reflecting a shift towards urbanization. The country also has a lower birth rate and fertility rate, indicating potential challenges in sustaining population growth. However, Lithuania faces a higher death rate than average, which could impact its demographic composition and workforce dynamics in the long run.

These indicators are crucial for policymakers and analysts to track as they offer insights into the country's demographic trends, economic development, and future labor force dynamics. Understanding these metrics can help guide government policies on areas such as healthcare, social security, urban planning, and economic growth strategies.

Military

Regarding Military expenditure (current USD), Lithuania's expenditure of $1,174,056,765.07 is significantly below the average of $12,904,993,617.17, ranking 64th out of 149 countries in the dataset.

For Military expenditure (% of GDP), Lithuania's expenditure of 2.07% is slightly above the average of 1.90%, placing it at the 44th position out of 148 countries included in the analysis.

In terms of Arms imports, Lithuania's value of $97,000,000 is notably lower than the average of $205,522,123.89, positioning it at the 37th position out of 113 countries.

When it comes to Armed forces personnel, Lithuania has 37,000 personnel, well below the average of 165,908.54, ranking 83rd out of 164 countries in the dataset.

Lastly, for Armed forces personnel (% of total labor force), Lithuania's percentage of 2.50% surpasses the average of 1.28%, placing it at the 20th position out of 164 countries included in the analysis.

Summary

Lithuania exhibits a pattern of maintaining a relatively lower military expenditure in terms of both total USD spent and as a percentage of its GDP when compared to the global average. Despite having a smaller number of armed forces personnel, Lithuania's personnel as a percentage of its total labor force is higher than the average. These statistics are crucial as they indicate Lithuania's strategic decisions in allocating resources towards defense, potentially reflecting its priorities and capabilities in national security.

Natural Resources

Analysis of key statistics for Lithuania:

1. Forest area (sq. km): Lithuania's forest area of 22,010 sq. km is below the average of 211,606.11 sq. km, ranking 102 out of 191 countries.

2. Land area (sq. km): With a land area of 62,620 sq. km, Lithuania falls below the average of 665,166.51 sq. km, ranking 120 out of 194 countries.

3. Surface area (sq. km): Lithuania's surface area of 65,290 sq. km is below the average of 689,779.56 sq. km, ranking 123 out of 194 countries.

4. Arable land (hectares): Lithuania's arable land of 2,249,400 hectares is below the average of 7,329,543.16 hectares, ranking 78 out of 190 countries.

5. Land under cereal production (hectares): With 1,382,440 hectares under cereal production, Lithuania is below the average of 4,206,011.63 hectares, ranking 67 out of 174 countries.

6. Average precipitation in depth (mm per year): Lithuania's average precipitation of 656 mm per year is below the average of 1,157.83 mm per year, ranking 118 out of 178 countries.

7. Renewable internal freshwater resources, total (billion cubic meters): Lithuania has 15.46 billion cubic meters, falling below the average of 240.41 billion cubic meters, and ranking 109 out of 178 countries.

Summary

Lithuania exhibits below-average figures in key macroeconomic indicators such as forest area, land area, arable land, land under cereal production, average precipitation, and renewable internal freshwater resources. These statistics are crucial as they indicate limitations in natural resources which can affect agricultural productivity, environmental sustainability, and overall economic development in the country.

Resource Rents

- Total natural resources rents (% of GDP): Lithuania's value of 0.31% is significantly below the average of 4.63%. This places Lithuania at rank 130 out of 175 countries in the dataset.

- Forest rents (% of GDP): Lithuania's value of 0.30% is below the average of 1.53%. This puts Lithuania at rank 82 out of 174 countries included in the analysis.

- Oil rents (% of GDP): Lithuania's value of 0.008% is notably lower than the average of 2.51%. This slots Lithuania at rank 95 out of 117 countries with available data.

Summary

Lithuania's total natural resources rents, forest rents, and oil rents as a percentage of GDP are notably below global averages, positioning the country at ranks 130, 82, and 95 respectively out of the countries analyzed. This indicates that Lithuania is less reliant on natural resource-based income compared to many other nations, which can be advantageous in promoting economic diversification and reducing vulnerability to commodity price fluctuations.

Commodities

Analysis of Key Agricultural and Environmental Statistics for Lithuania:

Summary

Lithuania's agricultural production, particularly in cereals, aquaculture, and fisheries, falls below global averages in terms of output. Additionally, Lithuania's fertilizer consumption per hectare of arable land is slightly below the world average. These indicators are crucial as they highlight areas where Lithuania may need to improve efficiency and productivity in its agricultural sector to meet domestic demand and remain competitive in the global market.

Intellectual Property

- Industrial design applications, nonresident, by count: Lithuania's value of 504 is below the average of 1415.83, ranking 42 out of 112 countries. - Industrial design applications, resident, by count: Lithuania's value of 106 is significantly below the average of 9799.58, placing it at rank 69 out of 113 countries. - Patent applications, nonresidents: With 18 applications, Lithuania falls below the average of 6538.40, ranking 90 out of 129 countries. - Patent applications, residents: Lithuania's 95 applications are well below the average of 19037.56, ranking 66 out of 117 countries. - Trademark applications, nonresident, by count: Lithuania's 3105 applications are below the average of 15878.93, ranking 90 out of 130 countries. - Trademark applications, resident, by count: With 3398 applications, Lithuania is below the average of 111055.78, at rank 73 out of 129 countries. - Scientific and technical journal articles: Lithuania's 2738.88 articles are below the average of 15103.76, ranking 65 out of 192 countries. - Charges for the use of intellectual property, payments: Lithuania's payment amount of 77947223.91 is significantly below the average of 3218843494.39, ranking 75 out of 143 countries. - Charges for the use of intellectual property, receipts: Lithuania's receipt amount of 8407564.15 falls below the average of 3191687117.58, at rank 68 out of 122 countries. - Researchers in R&D (per million people): Lithuania's value of 3590.75 researchers per million people is above the average of 2556.45, ranking 23 out of 72 countries.

Summary

These key macroeconomic indicators highlight Lithuania's lower-than-average performance in various aspects of intellectual property and innovation compared to global averages. Particularly noteworthy is Lithuania's significantly lower patent, trademark, and industrial design application counts, as well as lower charges for the use of intellectual property. These indicators suggest potential challenges in innovation and competitiveness that Lithuania may need to address to enhance its economic growth and development in an increasingly knowledge-driven global economy.

Broad Economy Attributes

For GDP (current US$), Lithuania's value of $56,964,942,999.3651 is below the average of $442,870,224,838.6818, ranking 79th out of 189 countries.

In terms of GDP, PPP (current international $), Lithuania's value of $115,060,426,529.35 is significantly below the average of $734,141,122,350.7834, ranking 82nd out of 181 countries.

Lithuania's GDP per capita (current US$) is $20,381.86, surpassing the average of $15,462.11. This places Lithuania 44th out of 190 countries.

For GDP per capita, PPP (current international $), Lithuania exceeds the average with a value of $41,168.21 compared to the average of $21,251.89. Lithuania ranks 35th out of 181 countries.

In GNI (current US$), Lithuania's value of $55,325,495,240.9729 falls below the average of $452,040,815,370.6972, ranking 76th out of 185 countries.

For GNI, PPP (current international $), Lithuania's value of $111,748,994,121.609 is notably below the average of $730,698,223,823.4666, placing Lithuania 82nd out of 181 countries.

Regarding GNI per capita, PPP (current international $), Lithuania's value of $39,980 is higher than the average of $20,615.75. Lithuania ranks 34th out of 181 countries.

Summary

Lithuania's macroeconomic indicators, such as GDP, GDP per capita, and GNI, are generally below the global averages. Despite ranking lower than the averages in most categories, Lithuania performs relatively better in terms of GDP per capita, surpassing the global average. These statistics are crucial as they provide insights into Lithuania's economic development, standard of living, and its position within the global economy, highlighting areas for potential growth and improvement.

Broad Value Added

- The Gross value added at basic prices (GVA) in Lithuania amounts to $51,065,986,672.18, ranking 73rd out of 176 countries. This value is significantly below the attribute average of $360,070,943,595.12.
- Lithuania's Agriculture, forestry, and fishing value added (% of GDP) is 3.51%, ranking 123rd out of 182 countries. This percentage is notably lower than the attribute average of 10.86%.
- The country's Agriculture, forestry, and fishing value added in current US dollars is $2,001,332,035.98. Lithuania ranks 105th out of 182 countries, with a value considerably lower than the attribute average of $19,924,732,828.07.
- Lithuania's Services value added (% of GDP) stands at 61.22%, surpassing the attribute average of 56.72%. The country ranks 61st out of 183 nations.
- In terms of Services value added in current US dollars, Lithuania contributes $34,873,875,399.47. This places Lithuania at 73rd out of 183 countries, below the attribute average of $295,837,711,130.69.
- The Industry (including construction) value added in current US dollars for Lithuania is $14,190,779,236.73, ranking 79th out of 183 countries. This value is notably lower than the attribute average of $118,421,095,413.50.

Summary

Lithuania's economy exhibits a relatively lower involvement in the agriculture, forestry, and fishing sectors compared to the global average. Instead, the country relies more on the services sector, contributing significantly to its GDP. The industry sector, however, lags behind compared to many other nations. This mix of economic activities suggests Lithuania's potential for further diversification and growth by focusing on enhancing its industrial capabilities while maintaining the strength of its services sector.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Lithuania's value added in manufacturing is $8,859,078,616.31, which is significantly below the attribute average of $76,207,179,589.66. Lithuania ranks 68 out of 173 countries in this regard.

2. Manufacturing, value added (% of GDP): Lithuania's manufacturing value added as a percentage of GDP is 15.55%, higher than the attribute average of 11.90%. Lithuania ranks 49 out of 173 countries in this aspect.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Lithuania's value in this category is 29.06%, surpassing the attribute average of 24.49%. Lithuania ranks 52 out of 149 countries.

4. Chemicals (% of value added in manufacturing): Lithuania's value in this segment is 15.31%, exceeding the attribute average of 11.56%. Lithuania ranks 19 out of 89 countries.

5. Food, beverages and tobacco (% of value added in manufacturing): Lithuania's value in this sector is 17.86%, lower than the attribute average of 24.51%. Lithuania ranks 53 out of 92 countries.

6. Machinery and transport equipment (% of value added in manufacturing): Lithuania's value is 15.51%, slightly below the attribute average of 16.85%. Lithuania ranks 46 out of 93 countries.

7. Textiles and clothing (% of value added in manufacturing): Lithuania's value is 6.16%, slightly below the attribute average of 6.33%. Lithuania ranks 30 out of 93 countries.

8. Other manufacturing (% of value added in manufacturing): Lithuania's percentage in this category is 45.16%, higher than the attribute average of 42.13%. Lithuania ranks 34 out of 94 countries.

Summary

Lithuania has a strong manufacturing sector, with a significant percentage of GDP coming from manufacturing activities. The country excels in high-tech manufacturing and chemical production, outperforming global averages in these areas. However, there is room for improvement in sectors like food, beverages, and textiles to align with international benchmarks.

These findings are important as they showcase Lithuania's strengths and weaknesses in its manufacturing sector compared to other countries. By capitalizing on its high-tech and chemical industries, Lithuania can further boost its economic growth and competitiveness on the global stage. Addressing the relatively lower contributions from sectors like food and textiles can help diversify the economy and enhance resilience against external shocks.

Money

Regarding Inflation, consumer prices (annual %), Lithuania has a rate of 1.20%, which is notably lower than the average of 8.26% among 165 countries. Lithuania ranks 105th out of 165 countries for this attribute.

Concerning Inflation, GDP deflator (annual %), Lithuania exhibits a rate of 1.89%, below the average of 6.90% observed across 188 countries. In this aspect, Lithuania holds the 97th position out of 188 countries.

Summary

Lithuania maintains relatively low inflation rates both in terms of consumer prices and GDP deflator compared to global averages. These indicators suggest that Lithuania has a stable economic environment with controlled price levels, which can promote consumer confidence, attract investment, and support sustainable economic growth in the long term.

Consumption Expenditure

- Final consumption expenditure (current US$): Lithuania's final consumption expenditure is $43.37 billion, significantly below the average of $381.63 billion, ranking 74th out of 159 countries.
- Final consumption expenditure (% of GDP): Lithuania's final consumption expenditure as a percentage of GDP is 76.14%, slightly below the average of 82.37%, placing it at the 103rd rank out of 159 countries.
- General government final consumption expenditure (current US$): Lithuania's government expenditure is $10.54 billion, much lower than the average of $93.68 billion, with a rank of 68 out of 158 countries.
- General government final consumption expenditure (% of GDP): Lithuania's government expenditure as a percentage of GDP is 18.50%, slightly below the average of 18.71%, ranking 73rd out of 158 countries.
- Household and NPISHs Final consumption expenditure (current US$): Lithuania's household expenditure is $32.83 billion, well below the average of $290.13 billion, placing it at the 75th rank out of 158 countries.
- Household and NPISHs final consumption expenditure (% of GDP): Lithuania's household expenditure as a percentage of GDP is 57.63%, below the average of 63.68%, with a ranking of 100 out of 158 countries.

Summary

Lithuania's final consumption expenditure, both in absolute terms and as a percentage of GDP, is notably below the global average, indicating a relatively lower level of economic activity and consumption compared to other countries. This suggests that Lithuania may have room for further economic growth and development by increasing consumption expenditure to stimulate domestic demand and economic activity. Additionally, the lower government expenditure compared to the average implies potential opportunities for increased public investment in infrastructure, social programs, and other areas to drive overall economic growth and development.

Equities

Analysis of Fertilizer Consumption (% of fertilizer production) in Lithuania: Lithuania's fertilizer consumption (% of fertilizer production) is 21.54%, which is significantly above the attribute average of 2.06%. This places Lithuania at the 11th rank out of 79 countries in terms of fertilizer consumption relative to production.

Summary

Lithuania's fertilizer consumption (% of fertilizer production) stands at 21.54%, far exceeding the global average of 2.06%. This places Lithuania at the 11th rank out of 79 countries in terms of fertilizer consumption relative to production, indicating a strong reliance on fertilizers in agricultural practices. This high level of fertilizer consumption reflects the country's emphasis on maximizing agricultural productivity and highlights its robust agricultural sector, essential for food security and economic growth.

Investment

Foreign direct investment, net (BoP, current US$): Lithuania's value is -656,252,376.84, which is below the average of -1,615,235,980.51. The country ranks 97 out of 169 countries in this dataset.

Foreign direct investment, net inflows (BoP, current US$): Lithuania's value of 4,505,744,062.33 is below the average of 5,749,271,080.15. It ranks 34 out of 182 countries.

Foreign direct investment, net inflows (% of GDP): The country's value of 7.91% exceeds the average of 2.61%. Lithuania ranks 18 out of 178 countries in this indicator.

Foreign direct investment, net outflows (BoP, current US$): With a value of 3,849,491,685.50, Lithuania is below the average of 5,707,991,116.07. It ranks 28 out of 156 countries.

Foreign direct investment, net outflows (% of GDP): Lithuania's value of 6.76% is higher than the average of 1%. It ranks 5 out of 155 countries in this metric.

Portfolio Investment, net (BoP, current US$): Lithuania's value is -2,077,196,105.97, significantly below the average of 679,559,169.57. The country ranks 135 out of 159 countries.

Portfolio equity, net inflows (BoP, current US$): With a value of 430,846,387.60, Lithuania is far below the average of 9,197,145,994.70. It ranks 22 out of 125 countries included in the dataset.

Summary

Lithuania shows a mixed performance in foreign direct investment, with net inflows as a percentage of GDP outperforming the average significantly. However, the country lags behind in net FDI outflows and portfolio investment, indicating a need to attract more foreign investment and improve its portfolio equity position for sustainable economic growth.

These statistics are essential as they reflect Lithuania's attractiveness to foreign investors and its ability to engage in global financial markets. Strengthening FDI inflows and portfolio investment can lead to increased capital flows, technology transfer, job creation, and overall economic development for the country.

Broad Trade Attributes

Trade (% of GDP): Lithuania's trade value accounts for 136.91% of its GDP, well above the average of 82.34%. This places Lithuania at rank 20 out of 163 countries.

Merchandise trade (% of GDP): With merchandise trade making up 116.10% of its GDP, Lithuania surpasses the average of 60.01%. Lithuania ranks 17 out of 186 countries in this aspect.

Trade in services (% of GDP): Lithuania's trade in services constitutes 33.73% of its GDP, higher than the average of 24.63%. The country holds the 29th position out of 171 countries.

External balance on goods and services (current US$): Lithuania's external balance on goods and services amounts to $5,288,367,984.44, surpassing the average of $3,405,509,011.13. Lithuania is ranked 33 out of 163 countries.

External balance on goods and services (% of GDP): The external balance on goods and services accounts for 9.28% of Lithuania's GDP, well above the average of -5.97%. This places Lithuania at rank 12 out of 163 countries.

Summary

Lithuania demonstrates strong trade performance, with trade, merchandise trade, and trade in services all exceeding global averages. The country also boasts a significantly positive external balance on goods and services, both in absolute terms and as a percentage of GDP, positioning Lithuania favorably in the global economy. These indicators suggest that Lithuania has a robust economy with a competitive edge in international trade, indicating strong economic resilience and potential for further growth.

Net Trade

1. Current account balance (BoP, current US$): Lithuania's current account balance is $4,161,014,414.86, ranking 29th out of 170 countries. This is significantly higher than the average balance of $1,443,864,831.49.

2. Current account balance (% of GDP): Lithuania's current account balance is 7.30% of its GDP, ranking 16th out of 170 countries. This value is higher than the average balance, which is -2.36% of GDP.

3. Net trade in goods and services (BoP, current US$): Lithuania's net trade value is $5,306,603,678.11, ranking 32nd out of 171 countries. This is above the average net trade value of $2,604,730,003.57.

4. Net primary income (BoP, current US$): Lithuania has a net primary income of -$1,642,684,555.72, ranking 116th out of 170 countries. The country's income is below the average of -$903,807,529.74.

5. Net secondary income (BoP, current US$): Lithuania's net secondary income is $497,095,292.47, ranking 79th out of 170 countries. This figure is higher than the average net secondary income.

6. Net trade in goods (BoP, current US$): Lithuania's net trade in goods is -$450,948,455.60, ranking 91st out of 171 countries. The country trades at a lower value than the average of $1,302,831,005.68.

7. Net capital account (BoP, current US$): Lithuania's net capital account balance is $991,334,613.86, ranking 15th out of 159 countries. This value is significantly higher than the average, indicating strong capital inflows.

8. Net financial account (BoP, current US$): Lithuania's net financial account is $4,024,983,127.82, ranking 29th out of 170 countries. The country performs above the average in financial account transactions.

Summary

Lithuania demonstrates strong economic performance in its current account balance, net trade values, and capital inflows, ranking above average in most indicators. The country's positive current account balance, robust net trade in goods and services, and solid net capital account signify a healthy balance of payments and sustainable economic growth. These indicators are crucial as they reflect Lithuania's position in the global economy, its ability to attract investments, and its capacity to maintain stable trade relationships with other nations.

Broad Export Attributes

- The Exports of goods, services and primary income (BoP, current US$) for Lithuania amount to $43,039,934,078.95, which is below the attribute average of $146,238,908,936.30. Lithuania is ranked 53rd out of 170 countries in this dataset.
- Lithuania's Exports of goods and services (BoP, current US$) is $41,720,683,937.57, also below the attribute average of $122,938,540,059.78. The country holds the 53rd position out of 170 countries for this statistic.
- With an Exports of goods and services (current US$) value of $41,640,278,272.58, Lithuania falls short of the attribute average of $129,596,864,610.19. The country ranks 55th out of 163 nations.
- Lithuania's Exports of goods and services (% of GDP) stands at 73.10%, surpassing the attribute average of 38.19%. This places Lithuania at the 16th position out of 163 countries in the dataset.
- Goods exports (BoP, current US$) for Lithuania total $29,236,161,038.77, lower than the attribute average of $93,310,581,697.39, ranking Lithuania 57th out of 171 countries.
- Lithuania's ICT goods exports (% of total goods exports) is 3.92%, slightly above the attribute average of 3.81%. Lithuania is ranked 29th out of 142 countries for this metric.

Summary

Lithuania's exports across various categories, such as goods, services, and primary income, are consistently below the attribute averages compared to other countries in the dataset. Despite this, Lithuania stands out for having a high percentage of GDP attributed to exports, ranking 16th out of 163 countries. This indicates that while Lithuania may not have the highest export values, the proportion of its economy driven by exports is significant, showcasing the country's reliance on international trade for economic growth and stability.

Merchandise Exports

- Merchandise exports (current US$): Lithuania's merchandise exports amount to $32.8 billion, which is significantly below the average of $89.5 billion. This places Lithuania at rank 57 out of 187 countries in the dataset.

- Agricultural raw materials exports (% of merchandise exports): Lithuania's export percentage of agricultural raw materials is 2.94%, slightly below the average of 2.97%. The country ranks 40 out of 151 countries in this aspect.

- Food exports (% of merchandise exports): Lithuania's food exports account for 20.19% of its merchandise exports, lower than the average of 24.06%. This places Lithuania at rank 65 out of 152 countries.

- Fuel exports (% of merchandise exports): With fuel exports making up 6.91% of its merchandise exports, Lithuania falls below the average of 13.70%. The country ranks 55 out of 147 countries in this category.

- Ores and metals exports (% of merchandise exports): Lithuania's exports of ores and metals constitute 2.18% of its total merchandise exports, significantly lower than the average of 9.10%. The country ranks 93 out of 152 countries in this aspect.

- Merchandise exports by the reporting economy, residual (% of total merchandise exports): Lithuania's residual merchandise exports contribute to 0.27% of its total merchandise exports, well below the average of 3.20%. Lithuania holds rank 90 out of 166 countries in this metric.

Summary

Lithuania's key macroeconomic indicators show that the country has lower-than-average exports in merchandise, agricultural raw materials, food, fuel, ores, and metals. This means that Lithuania may have a more limited exposure to global markets compared to other countries, which could affect its economic resilience and growth potential. It highlights the need for Lithuania to diversify its export base and potentially explore new markets to enhance its economic stability and competitiveness in the long run.

Technology Exports

Manufactures exports (% of merchandise exports): Lithuania's value for this attribute is 66.51%, which is above the average of 42.62%. It ranks 48th out of 152 countries in the data.

High-technology exports (current US$): Lithuania's value for this attribute is $2,619,106. This is significantly below the average of $16,655,934,078.80. Lithuania ranks 39th out of 151 countries in this aspect.

High-technology exports (% of manufactured exports): Lithuania's value for this attribute is 12.01%, which is above the average of 10.15%. It ranks 43rd out of 150 countries in the dataset.

Medium and high-tech exports (% manufactured exports): Lithuania's value for this attribute is 47.38%, which is above the average of 34.29%. It ranks 50th out of 149 countries included in the data.

Summary

Lithuania has a strong presence in manufacturing exports, with a percentage well above the average. However, its high-technology exports in terms of value are significantly below the average. Despite this, Lithuania excels in the proportion of high-technology exports compared to manufactured exports, showcasing a focus on innovation. Additionally, its medium and high-tech exports percentage outperforms the average, indicating potential for further technological growth and specialization in the global market. These indicators are crucial as they demonstrate Lithuania's strengths and areas for potential improvement in its economic structure and global competitiveness.

Service Exports

1. Service exports (BoP, current US$): Lithuania's service exports amount to $12,484,522,898.79, which is below the average of $28,917,292,503.82. Lithuania is ranked 45th out of 171 countries in this attribute.

2. ICT service exports (BoP, current US$): Lithuania's ICT service exports total $1,087,663,926.68, falling below the average of $4,578,501,153.77. The country holds the 52nd position out of 166 countries.

3. ICT service exports (% of service exports, BoP): Lithuania's ICT service exports as a percentage of total service exports is 8.71%, lower than the average of 11.75%. The country ranks 84th out of 166 nations.

4. Communications, computer, etc. (% of service exports, BoP): In Lithuania, these services represent 30.48% of total service exports, which is under the average of 45.85%. Lithuania ranks 118th out of 169 countries.

5. Transport services (% of service exports, BoP): Lithuania excels in this area with transport services constituting 62.53% of its service exports, significantly surpassing the average of 21.80%. The country holds the 7th rank out of 169 countries.

6. Travel services (% of service exports, BoP): Lithuania's travel services make up 4.60% of its service exports, lower than the average of 26.40%. Lithuania is ranked 146th out of 167 countries.

7. Insurance and financial services (% of service exports, BoP): In Lithuania, insurance and financial services contribute 2.39% to its service exports, well below the average of 6.46%. Lithuania is placed 104th out of 161 countries.

Summary

Lithuania's key macroeconomic indicators in service exports and ICT service exports reveal that the country performs below average in most areas, such as ICT service exports, ICT service exports as a percentage of total service exports, and communications, computer, etc. as a percentage of service exports. However, Lithuania excels in transport services, where it surpasses the average significantly and ranks 7th globally. These findings are crucial as they highlight Lithuania's strengths and weaknesses in different service export sectors, which can inform policymakers and stakeholders in decision-making, strategic planning, and charting the country's economic development path.

Commercial Service Exports

Analysis of key statistics for Commercial Service Exports in Lithuania:

1. Commercial service exports (current US$): Lithuania's value of $12,436,329,457.80 is below the average of $28,508,218,402.80. Lithuania ranks 45th out of 171 countries in this data set.

2. Travel services (% of commercial service exports): Lithuania's value of 4.62% is below the average of 27.89%. Lithuania ranks 149th out of 167 countries in this data set.

3. Computer, communications and other services (% of commercial service exports): Lithuania's value of 30.21% is below the average of 42.44%. Lithuania ranks 110th out of 169 countries in this data set.

4. Insurance and financial services (% of commercial service exports): Lithuania's value of 2.40% is below the average of 6.97%. Lithuania ranks 107th out of 161 countries in this data set.

5. Transport services (% of commercial service exports): Lithuania's value of 62.77% is above the average of 23.37%. Lithuania ranks 8th out of 169 countries in this data set.

Summary

Lithuania's key statistics for Commercial Service Exports reveal a mixed performance compared to global averages. While the country excels in Transport services, ranking 8th globally, it falls behind in Travel services, Computer, communications, and other services, as well as Insurance and financial services. These indicators are crucial for Lithuania's economic development as they highlight areas of strength and weakness in its service export sector, guiding policymakers towards fostering growth in underperforming segments to enhance overall competitiveness in the global market.

Broad Import Attributes

Imports of goods and services (current US$): Lithuania's value of 36,351,910,288.1402 is below the average of 126,191,355,599.062 in a dataset of 163 countries, ranking 61st.

Imports of goods and services (% of GDP): Lithuania's value of 63.81% exceeds the average of 44.15%, placing it at the 28th rank out of 163 countries.

ICT goods imports (% total goods imports): Lithuania's value of 6.18% is below the average of 6.85%, ranking 54th out of 143 countries.

Goods imports (BoP, current US$): Lithuania's value of 29,687,109,494.3786 falls below the average of 92,007,788,027.16908, ranking 59th out of 171 countries.

Imports of goods and services (BoP, current US$): Lithuania's value of 36,414,080,259.4586 is lower than the average of 120,321,577,988.12045, placing it at the 61st position out of 170 countries.

Imports of goods, services and primary income (BoP, current US$): Lithuania's value of 39,376,014,956.5572 is below the average of 144,514,428,722.27856, ranking 62nd out of 170 countries.

Summary

Lithuania demonstrates a consistent trend of below-average imports across various categories compared to a dataset of countries. Despite its below-average import values, Lithuania's imports as a percentage of GDP exceed the average, indicating a potentially significant reliance on imports for economic activity. These findings are crucial for understanding Lithuania's trade dynamics, economic dependency on imports, and its positioning in the global market in terms of import competitiveness.

Merchandise Imports

1. Lithuania's merchandise imports amount to $33.3 billion, ranking 60th out of 190 countries. This is significantly below the average of $89.4 billion for all countries in the dataset.

2. Manufactures imports account for 67.77% of Lithuania's total merchandise imports, slightly above the average of 66.76%. Lithuania ranks 77th out of 152 countries in this aspect.

3. Agricultural raw materials imports make up 2.66% of Lithuania's merchandise imports, ranking 10th out of 152 countries. This is notably higher than the average of 1.27%.

4. Food imports represent 13.50% of Lithuania's merchandise imports, lower than the average of 15.89%. Lithuania holds the 84th rank out of 152 countries in this category.

5. Fuel imports constitute 11.14% of Lithuania's merchandise imports, slightly below the average of 11.38%. Lithuania ranks 75th out of 152 countries in fuel imports.

6. Ores and metals imports make up 2.24% of Lithuania's merchandise imports, lower than the average of 2.57%. Lithuania ranks 62nd out of 152 countries.

7. Lithuania's merchandise imports by the reporting economy residual only account for 0.0018% of total merchandise imports, significantly lower than the average of 2.51%. This places Lithuania at the 169th rank out of 180 countries.

Summary

Lithuania's merchandise imports are below the global average, with a noticeable focus on manufactures followed by agricultural raw materials. However, the country lags in food imports compared to the average. This import composition reflects Lithuania's industrialized economy and reliance on imported raw materials for its manufacturing sector. The low percentage of merchandise imports by the reporting economy residual indicates a minimal impact on global trade data, underscoring Lithuania's limited influence on the global market despite its specific import preferences.

Service Imports

Service imports (BoP, current US$): Lithuania's service import value is $6,726,970,765.08, which is below the average of $27,615,356,170.47. Lithuania ranks 64 out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP): Lithuania's percentage in this category is 35.31%, lower than the average of 44.40%. Lithuania holds the 114th rank out of 169 countries.

Transport services (% of service imports, BoP): Lithuania's percentage stands at 53.60%, higher than the average of 32.90%. It ranks 20th out of 169 countries.

Travel services (% of service imports, BoP): Lithuania's value is 7.99%, below the average of 14.14%. The country is ranked 108th out of 169 countries.

Insurance and financial services (% of service imports, BoP): Lithuania's percentage is 3.10%, which is lower than the average of 8.53%. The country ranks 137th out of 169 countries.

Summary

Lithuania's service imports are significantly below the global average, with a notable focus on transport services. The country places emphasis on transport services with a percentage well above the average, ranking 20th globally. However, there is room for growth in other service import categories such as communications and financial services where Lithuania lags behind.

These findings are crucial for Lithuania's economic development as they highlight the country's strengths and weaknesses in the service import sector. Understanding these metrics can aid policymakers in fostering the growth of industries where Lithuania is already competitive, while also identifying areas that require attention and investment to improve the overall service import ecosystem.

Commercial Service Imports

Commercial service imports (current US$): Lithuania's value for commercial service imports is significantly lower than the average, ranking 63 out of 171 countries included in the data.

Computer, communications and other services (% of commercial service imports): Lithuania's percentage for this attribute is below the average, ranking 105 out of 169 countries included in the data.

Insurance and financial services (% of commercial service imports): Lithuania's share for insurance and financial services in commercial imports is below the average, ranking 138 out of 169 countries included in the data.

Transport services (% of commercial service imports): Lithuania's percentage for transport services in commercial imports is above the average, ranking 24 out of 169 countries included in the data.

Travel services (% of commercial service imports): Lithuania's percentage for travel services in commercial imports is below the average, ranking 112 out of 169 countries included in the data.

Summary

In analyzing key macroeconomic indicators for Lithuania, it is evident that the country's values for commercial service imports, computer, communications and other services, insurance and financial services, transport services, and travel services all vary in comparison to the global average. These rankings provide insight into Lithuania's competitiveness and specialization in different service sectors, signaling potential areas for further development and growth in the country's economy.

Infrastructure

Railways, passengers carried: Lithuania carries 260 million passenger-km, significantly below the average of 32,281.92 million passenger-km. Lithuania ranks 49 out of 64 countries in this attribute.

Railways, goods transported: With 15,865 million ton-km, Lithuania's transportation of goods is well below the average of 119,231.19 million ton-km. It ranks 20 out of 62 countries.

Air transport, freight: Lithuania transports 2.81 million ton-km of freight, much lower than the average of 1384.37 million ton-km. The country ranks 89 out of 126 countries.

Air transport, registered carrier departures worldwide: Lithuania has 2619 registered carrier departures, contrasting sharply with the average of 134,365.61 departures. It ranks 118 out of 149 countries.

Air transport, passengers carried: Lithuania ferries 35,027 passengers, significantly below the average of 11,848,242.70 passengers. It holds the 134th rank out of 149 countries.

Container port traffic: Lithuania handles 639,006 TEUs, which is notably lower than the average of 6,907,110.27 TEUs. It ranks 78 out of 110 countries in this aspect.

Rail lines: Lithuania has a total route of 1911 km, well below the average of 12,204.74 km. It ranks 43 out of 66 countries regarding rail lines.

Summary

Lithuania's key macroeconomic indicators in the transportation sector reveal that the country significantly lags behind global averages in terms of railways passengers carried, railways goods transported, air transport for both freight and passengers, container port traffic, and total rail lines. These statistics are crucial as they indicate Lithuania's limited connectivity and lower levels of trade and movement of goods and people compared to many other countries. Improving these transportation metrics could enhance Lithuania's economic competitiveness, increase trade opportunities, and boost overall connectivity with the global market.

Information Technology Infrastructure

1. Secure Internet servers: Lithuania has 131,718 secure internet servers, which is below the average of 458,294.19. It is ranked 42 out of 193 countries in this category.

2. Secure Internet servers (per 1 million people): Lithuania has 47,128.24 secure internet servers per 1 million people, significantly higher than the average of 14,067.17. It is ranked 18 out of 193 countries.

3. Individuals using the Internet (% of population): With 83.06% of its population using the internet, Lithuania exceeds the average of 64.77%. It is ranked 55 out of 180 countries.

4. Fixed broadband subscriptions: Lithuania has 796,761 fixed broadband subscriptions, below the average of 6,591,956.35. It is ranked 75 out of 185 countries in this aspect.

5. Mobile cellular subscriptions: Lithuania has 3,671,995 mobile cellular subscriptions, which is below the average of 42,526,463.87. It is ranked 131 out of 193 countries.

Summary

In summary, Lithuania exhibits a high presence of secure internet servers both in absolute terms and per 1 million people, along with a significantly high percentage of its population using the internet. However, the country lags behind in fixed broadband and mobile cellular subscriptions compared to the global average. These indicators are crucial as they reflect the country's level of digital infrastructure development, connectivity, and access to information and communication technologies, which are vital for economic growth, innovation, and overall competitiveness in the modern globalized world.

Energy Consumption

Regarding Renewable energy consumption (% of total final energy consumption), Lithuania's value of 31.7% is slightly below the average of 32.18%. This places Lithuania at rank 76 out of 191 countries in the dataset.

In terms of CO2 emissions (kt), Lithuania's emission of 11693.8kt is significantly below the average of 171895.94kt. This positions Lithuania at rank 96 out of 188 countries in the dataset.

Summary

Lithuania's renewable energy consumption of 31.7% falls slightly below the global average of 32.18%, ranking 76 out of 191 countries. Additionally, its CO2 emissions of 11693.8kt are significantly lower than the world average of 171895.94kt, positioning Lithuania at rank 96 out of 188 countries. These indicators are crucial as they reflect Lithuania's progress towards sustainable development and environmental preservation, showcasing its commitment to reducing carbon emissions and transitioning towards renewable energy sources.

Government Balance Sheet

Central government debt, total (% of GDP): Lithuania's government debt as a percentage of GDP is 53.31%, which is below the average of 74.12%. Lithuania ranks 38th out of 61 countries in this metric.

Reserves and related items (BoP, current US$): Lithuania's value in this category is -425,034,232.57 USD, significantly below the average of 1,924,407,186.58 USD. Lithuania ranks 125th out of 171 countries for this indicator.

Total reserves minus gold (current US$): Lithuania's value of 4,492,883,349.92 USD is well below the average of 74,221,588,171.61 USD. Lithuania ranks 91st out of 161 countries in this metric.

Total reserves (includes gold, current US$): Lithuania's total reserves amount to 4,846,519,049.92 USD, considerably lower than the average of 85,708,019,773.47 USD. Lithuania is ranked 92nd out of 161 countries for this statistic.

Total reserves in months of imports: Lithuania's reserves in months of imports measure 1.48, significantly below the average of 7.10 months. Lithuania ranks 136th out of 151 countries in this aspect.

Summary

Lithuania's government debt as a percentage of GDP is relatively low compared to the average, ranking 38th out of 61 countries. However, the country's reserves and related items, total reserves minus gold, total reserves including gold, and reserves in months of imports are all below their respective global averages, with rankings ranging from 91st to 136th. These statistics are crucial as they reflect Lithuania's financial stability, ability to handle external shocks, and readiness to meet its international financial obligations.

Government Revenue

Revenue, excluding grants (% of GDP): Lithuania's value of 32.34% is above the average of 27.02%. With a rank of 33 out of 122 countries, Lithuania performs well in this aspect.

Grants and other revenue (% of revenue): Lithuania's value of 10.44% is below the average of 23.54%. It ranks 83 out of 108 countries in this metric.

Social contributions (% of revenue): Lithuania's value of 30.74% is above the average of 22.29%. The country ranks 32 out of 81 nations in this category.

Taxes on goods and services (% of revenue): Lithuania's value of 33.40% is slightly above the average of 31.82%. It holds the 55th position out of 122 countries.

Other taxes (% of revenue): Lithuania's value of 0.06% is significantly below the average of 2.12%. The country ranks 92 out of 106 nations in this aspect.

Taxes on income, profits and capital gains (% of revenue): Lithuania's value of 25.36% is slightly above the average of 24.66%. It ranks 52 out of 119 countries in this category.

Summary

Lithuania's government revenue is primarily derived from taxes on goods and services and social contributions, with both values above the global average. However, the country relies less on grants and other revenue sources compared to the average. This indicates a relatively stable and balanced revenue structure, with room for further optimization to reduce dependency on certain revenue streams and improve fiscal resilience.

Taxes

The tax revenue in Lithuania accounts for 19.98% of the GDP, which is above the average of 16.72%. Lithuania ranks 40th out of 123 countries in this aspect.

Regarding taxes on income, profits, and capital gains, Lithuania contributes 43.12% of total taxes, higher than the average of 38.40%. Lithuania holds the 41st rank out of 120 countries.

Lithuania's applied tariff rate of 1.48% for all products is below the average of 5.21%. The country secures the 127th rank out of 153 countries in this criterion.

Summary

In summary, Lithuania showcases a strong performance in tax revenue, with it accounting for 19.98% of the GDP, above the global average. Additionally, the country's contribution to taxes on income, profits, and capital gains is higher than average. However, Lithuania's applied tariff rate for all products is notably below the global average.

These findings are crucial as they indicate Lithuania's solid fiscal standing in terms of tax revenue, which can be indicative of the government's ability to fund public services and infrastructure. The lower applied tariff rate may suggest a strategic approach towards international trade and economic cooperation.

Government Expenses

1. Expense (% of GDP): Lithuania's expense as a percentage of GDP is 39.24%, which is 7.55% higher than the average of 31.69%. This places Lithuania at rank 33 out of 123 countries in the dataset.

2. Compensation of employees (% of expense): Lithuania's compensation of employees as a percentage of expense is 15.13%, which is 9.57% below the average of 24.70%. Lithuania ranks 87 out of 123 countries in this category.

3. Goods and services expense (% of expense): Lithuania's goods and services expense as a percentage of total expense is 6.34%, indicating a performance 8.44% lower than the average of 14.77%. The country ranks 101 out of 122 countries in this regard.

4. Interest payments (% of expense): Lithuania's interest payments as a percentage of total expense amount to 1.94%, 4.90% below the average of 6.85%. With this, Lithuania is ranked 98 out of 121 countries.

5. Other expense (% of expense): Lithuania allocates 3.25% of its total expense to other expenses, which is 5.04% lower than the average of 8.29%. The country holds the 96th position out of 120 countries in this category.

6. Subsidies and other transfers (% of expense): Lithuania's allocation towards subsidies and other transfers stands at 46.32% of total expenses, 3.03% higher than the average of 43.29%. This places Lithuania at the 54th position out of 121 countries.

Summary

Lithuania's expense as a percentage of GDP is higher than the average, placing it at 33rd out of 123 countries. However, the country's compensation of employees, goods and services expense, interest payments, and other expenses are all below their respective category averages, resulting in rankings ranging from 87th to 101st. On the other hand, Lithuania allocates a higher percentage towards subsidies and other transfers compared to the average, placing it at the 54th position.

These findings are important as they provide insights into Lithuania's fiscal management and priorities. The higher expense as a percentage of GDP may indicate potential areas for fiscal consolidation or efficiency improvements. The lower allocations towards employee compensation, goods and services, and other expenses could signify areas for potential investment or cost optimization. The higher allocation towards subsidies and transfers highlights the government's focus on social welfare or economic support programs.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population ages 65 and above (% of total population) 13/194
Death rate, crude (per 1,000 people) 5/192
Foreign direct investment, net outflows (% of GDP) 5/155
Merchandise trade (% of GDP) 17/186
External balance on goods and services (% of GDP) 12/163
Current account balance (% of GDP) 16/170
Net capital account (BoP, current US$) 15/159
Exports of goods and services (% of GDP) 16/163
Transport services (% of service exports, BoP) 7/169
Transport services (% of commercial service exports) 8/169
Agricultural raw materials imports (% of merchandise imports) 10/152
Secure Internet servers (per 1 million people) 18/193

Ranks in Bottom Decile For:

Attribute Rank/Total
Birth rate, crude (per 1,000 people) 174/192
Merchandise imports by the reporting economy, residual (% of total merchandise imports) 169/180
Total reserves in months of imports 136/151