The Republic of Lithuania is one of the countries of the EU with the largest economic growth
Lithuania, Estonia and Latvia are the so-called Baltic Tigers
Lithuania is a developed country (IMF)
Lithuania has a strategic role in the EU-Russia relations
Lithuanian GDP (nominal): 52,369 million dollars
GDP per capita of Lithuania: 20,321 dollars
Lithuania is a member of the EU since 2004
Lithuanian Currency: Euro
Top Lithuanian economic activities: tourism, agricultural industries, sustainable forestry, textiles, high technology products, biotechnology, shipbuilding and laser technologies
Lithuania ranked 24th in the world in the Index of Ease of Doing Business (WB) and 15th place (out of a total of 178 countries) in the Index of Economic Freedom (Heritage Foundation)
Several global companies such as Microsoft, IBM, Transcom, Barclays, Siemens, SEB, TeliaSonera, Paroc, Philip Morris and Thermo Fisher Scientific are in Lithuania
Lithuanian Foreign Trade
The EU is the largest trading partner of Lithuania, with 67%
of the total imports and 61.3% of the total exports
The Commonwealth of Independent States (CIS) is the second trading partner of Lithuania
The main Lithuanian Exports are minerals, machinery, chemical products, textiles, foods, plastics
Top Lithuanian exports destinations: Russia (15%), Latvia, Germany, Poland, Estonia, the Netherlands, Belarus
The main products imported by Lithuania are minerals, machinery, transport equipment, chemical products, textiles, metals
The main suppliers of Lithuania are Russia (32%), Germany,
Poland, Latvia
As a member of the EU, Lithuania is a beneficiary of the EU trade agreements with the MERCOSUR, Mexico, South Korea, the ASEAN, Egypt, Jordan, Lebanon, Ukraine, Moldova, Georgia...
The Port of Klaipeda, without ice, is in the western part of Lithuania. The port is an important regional hub that connects the sea, land and Rail transport routes of the east and west
(c) EENI Global Business School (1995-2024)
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