Lithuania

Business Context Overview

EU Member State; euro area member
Flag - Lithuania
2.85M
Approx. 2.85 million inhabitants.
Population
€82–88B
Approx. €82–88 billion.
GDP (Nominal)
€28,000–€30,000
Approx. €28,000–€30,000.
GDP per Capita
2.5–3.0%
Approx. 2.5–3.0%.
GDP Growth
2.0–3.0%
Approx. 2.0–3.0%.
Inflation
6.5–7.0%
Approx. 6.5–7.0%.
Unemployment Rate
Euro (EUR)
Euro (EUR)
Currency
37–40%
Approx. 37–40% of GDP.
Public Debt

Economic Structure

Sweden Lithuania has developed a diversified export economy with increasing strength in manufacturing and internationally tradable services.

Manufacturing
Transport and logistics
ICT and shared services
Food processing
Chemicals and life sciences

Economic Outlook

Lithuania is expected to maintain solid medium-term growth, supported by exports, business services, and investment. Future performance will depend on productivity, innovation, and external demand conditions.

Business Environment (High-Level)

Lithuania offers a business environment shaped by Manufacturing, Transport and logistics, ICT and shared services, with commercial activity supported by Machinery and equipment, Chemicals and regional market integration.

16% standard in 2025; reduced regimes apply in some cases.

21%

National statutory minimum wage applies.

EU Member State; euro area member.

Typically around 4–6 days. Lithuania offers a relatively competitive business cost structure, digital administration, and strong regional connectivity.

Main Export Products

  • Machinery and equipment
  • Chemicals
  • Food products
  • Furniture
  • Transport-related goods and services

Main Export Partners

  • Latvia
  • Poland
  • Germany
  • Netherlands
  • United States
  • Sweden Lithuania has developed a diversified export economy with increasing strength in manufacturing and internationally tradable services.

Data & Transparency

Data Sources:

  • IMF
  • World Bank
  • Eurostat
  • Statistics Lithuania
  • OECD
  • European
  • Commission

Last Updated: April 2026

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This profile is based on publicly available data and AI-supported analysis. It does not constitute official or legally binding information. Users are required to verify all data with relevant authorities before making decisions. We are not a governmental body, public authority, or official representative of any country unless explicitly stated.