OECD - OECD Economic Surveys: Lithuania 2016

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OECD Economic Surveys: Lithuania 2016 Economic Assessment

Please cite this publication as:
OECD (2016), OECD Economic Surveys: Lithuania 2016: Economic Assessment, OECD Publishing, Paris, http://dx.doi.org/10.1787/eco_surveys-ltu-2016-en.

Metadata, Legal and Rights

ISBN: 978-92-64-25115-1 (epub) - 978-92-64-25113-7 (print) - 978-92-64-25114-4 (pdf)

DOI: http://dx.doi.org/10.1787/eco_surveys-ltu-2016-en

Series: OECD Economic Surveys

ISSN: 0376-6438 (print) - 1609-7513 (online)

This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law.

This Survey was prepared in the Economics Department by Lilas Demmou and Ben Westmore under the supervision of Andreas Wrgtter. 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 .

Photo credits: Cover iStockphoto.com/Krivinis

Corrigenda to OECD publications may be found on line at: www.oecd.org/about/publishing/corrigenda.htm.

OECD 2016

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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 km	45.1	(35.2)
Under 15 (%)	14.6	(18.1)	Life expectancy (years)	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
Expenditure	34.8	(41.9)	Gross financial debt	52.7	(112.8)
Revenue	34.1	(37.8)	Net financial debt	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