This Survey was prepared in the Economics Department by Lilas Demmou and Ben Westmore under the supervision of Andreas Wörgötter. Research assistance was provided by Corinne Chanteloup and secretarial assistance by Heloise Wickramanayake. The draft also benefited from the contribution of consultants; Silvia Avram, Jekaterina Navicke, John Earle and Solomiya Shpak.

The Economic Survey of Lithuania was discussed by the Economic Development and Review Committee on 17 December 2015, with participation of representatives of the Lithuanian government and representatives of Finland and Israel as lead speakers.

This Survey is published under the responsibility of the Secretary-General of the OECD.

This is the first Economic Assessment of Lithuania.

Information about other Surveys and more information about how surveys are prepared is available at www.oecd.org/eco/surveys.

  
Basic Statistics of Lithuania, 2014
(Numbers in parentheses refer to the OECD average)*

LAND, PEOPLE AND ELECTORAL CYCLE

Population (millions)

2.9

Population density per km²

45.1

(35.2)

Under 15 (%)

14.6

(18.1)

Life expectancy (years)a

74.6

(80.4)

Over 65 (%)

18.4

(16.0)

Men

69.1

(77.8)

Foreign-born (%)

4.7

Women

79.9

(83.0)

Latest 5-year average growth (%)

-1.6

(0.6)

Latest general election (parliament)

October 2012

ECONOMY

Gross domestic product (GDP)

Value added shares (%)

In current prices (billion USD)

48.4

Primary (Agriculture, forestry and fishing)

3.4

(2.5)

In current prices (billion EUR)

36.4

Industry including construction

30.5

(26.6)

Latest 5-year average real growth (%)

3.6

(1.9)

Services

66.0

(70.8)

Per capita (000 USD PPP)

26.7

(39.0)

GENERAL GOVERNMENT

Per cent of GDP

Expenditurea

34.8

(41.9)

Gross financial debta

52.7

(112.8)

Revenuea

34.1

(37.8)

Net financial debta

25.3

(69.6)

EXTERNAL ACCOUNTS

Exchange rate (EUR per USD, 2015)

0.902

Main exports (% of total merchandise exports)

PPP exchange rate (USA = 1, 2015)

0.445

Machinery and transport equipment

20.2

In per cent of GDP

Mineral fuels, lubricants and related materials

17.6

Exports of goods and services

81.2

(53.3)

Miscellaneous manufactured articles

15.5

Imports of goods and services

79.3

(49.4)

Main imports (% of total merchandise imports)

Current account balance

3.6

( 0.0)

Mineral fuels, lubricants and related materials

24.5

Net international investment position

-42.2

Machinery and transport equipment

23.4

Chemicals and related products

13.8

LABOUR MARKET, SKILLS AND INNOVATION

Employment rate for 15-64 year olds (%)

65.7

(65.7)

Unemployment rate, Labour Force survey (15 and over) (%)

10.7

(7.3)

Men

66.5

(73.6)

Youth (age 15-24) (%)

19.3

(15.1)

Women

64.9

(57.9)

Long-term unemployed (1 year and over) (%)

4.8

(2.5)

Participation rate for 15-64 year-olds (%)

73.7

(71.2)

Tertiary educational attainment 25-64 year-oldsa (%)

36.7

(33.3)

Average worked hours per year

1 834

(1 770)

Gross domestic expenditure on R&D (% of GDP)a

1.0

(2.4)

ENVIRONMENT

Total primary energy supply per capita (toe, 2013)b

2.4

(4.1)

CO2 emissions from fuel combustion per capita (tonnes, 2012)

4.5

(9.7)

Renewables (%, 2013)b

17.4

(9.1)

Fine particulate matter concentration (urban, PM10, μg/m3, 2011)

31.8

(28.0)

SOCIETY

Income inequality (Gini coefficient, 2012)c

0.351

(0.308)

Education outcomes (PISA score, 2012)

Relative poverty rate (% below 50% of median income)d

11.3

(11.0)

Reading

477

(497)

Median equivalised household income (000 USD PPP, 2012)

9.4

(22.7)

Mathematics

479

(494)

Public and private spending (% of GDP)

Science

496

(501)

Health care

6.3

(8.9)

Share of women in parliament (%, September 2015)

23.4

(27.7)

Pensionse

7.0

(8.7)

Net official development assistance (% of GNI)

0.10

(0.36)

Education (primary, secondary, post sec non tertiary, 2012)e

2.9

(3.9)

Better life index: www.oecdbetterlifeindex.org

* Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exists for at least 29 member countries.

a. 2013 for the OECD.

b. 2014 for the OECD.

c. For Lithuania, OECD Secretariat calculations from EU-SILC – preliminary results.

d. 2012 for the OECD.

e. 2011 for the OECD.

Source: Calculations based on data extracted from the databases of the following organisations: OECD, International Energy Agency; Eurostat; World Bank; International Monetary Fund; and Inter-Parliamentary Union.