OECD Economic Surveys: Lithuania 2018

Abstract

This Survey was discussed at a meeting of the Economic and Development Review Committee on 5 March 2018. The draft was revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 11 April 2018. The Survey is published on the responsibility of the Secretary-General of the OECD.

The Secretariat’s draft report was prepared for the Committee by Hansjörg Blöchliger and Vassiliki Koutsogeorgopoulou under the supervision of Piritta Sorsa. Analytical and statistical research was provided by Demetrio Guzzardi and Hermes Morgavi and editorial assistance was provided by Carolina González.

The previous Survey of Lithuania was issued in March 2016.

Basic Statistics of Lithuania, 2017

LAND, PEOPLE AND ELECTORAL CYCLE
Population (million)	3.1		Population density per km²	45.5	(37.2)
Under 15 (%)	14.5	(17.9)	Life expectancy (years, 2015)	74.5	(80.5)
Over 65 (%)	17.3	(17.0)	Men	69.2	(74.5)
Foreign-born (%, 2016)	0.6		Women	79.7	(79.8)
Latest 5-year average growth (%)	-0.6	(0.6)	Latest general election	October
ECONOMY
Gross domestic product (GDP)			Value added shares (%)
In current prices (billion USD)	47.2		Primary sector	1.7	(2.5)
In current prices (billion EUR)	41.9		Industry including construction	37.2	(26.9)
Latest 5-year average real growth (%)	3.0	(2.1)	Services	67.1	(70.6)
Per capita (000 USD PPP)	32.1	(43.8)
GENERAL GOVERNMENT Per cent of GDP
Expenditure	33.3	(0.0)	Gross financial debt	48.0	(0.0)
Revenue	33.8	(39.3)	Net financial debt	17.8	(0.0)
EXTERNAL ACCOUNTS
Exchange rate (EUR per USD)	0.885		Main exports (% of total merchandise exports)
PPP exchange rate (USA = 1)	0.482		Wholesale and retail trade; repair of motor vehicles and motorcycles	41.2
In per cent of GDP			Manufacture of chemicals and chemical products	9.8
Exports of goods and services	81.3	(55.7)	Manufacture of food products	9.1
Imports of goods and services	79.3	(51.3)	Main imports (% of total merchandise imports)
Current account balance	0.4	(0.4)	Wholesale and retail trade; repair of motor vehicles and motorcycles	54.1
Net international investment position	-37.8		Manufacture of coke and refined petroleum products	33.4
			Manufacture of chemicals and chemical products	8.3
LABOUR MARKET, SKILLS AND INNOVATION
Employment rate for 15-64 year-olds (%, 2016)	69.4	(67.0)	Unemployment rate, Labour Force Survey (age 15 and over) (%, 2016)	7.9	(6.3)
Men	70.0	(74.8)	Youth (age 15-24, %)	14.5	(13.0)
Women	68.8	(59.4)	Long-term unemployed (1 year and over, %)	3.0	(2.0)
Participation rate for 15-64 year-olds (%, 2016)	75.5	(71.7)	Tertiary educational attainment 25-64 year-olds (%)	39.7	(35.7)
Average hours worked per year (2016)	1 885	(1 763)	Gross domestic expenditure on R&D (% of GDP, 2015)	1.0	(2.4)
ENVIRONMENT
Total primary energy supply per capita (toe, 2014)	2.2	(4.2)	CO2 emissions from fuel combustion per capita (tonnes, 2015)	3.3	(9.2)
Renewables (%, 2014)		(9.4)	Water abstractions per capita (1 000 m3, 2015)	0.1
Exposure to air pollution (more than 10 g/m3 of PM2.5, % of population, 2015)	94.6	(75.2)	Municipal waste per capita (tonnes, 2015)	0.4	(0.5)
SOCIETY
Income inequality (Gini coefficient, 2015)	0.372	(0.313)	Education outcomes (PISA score, 2015)
Relative poverty rate (%, 2015)	16.5	(11.2)	Reading	472	(493)
Median disposable household income (000 USD PPP, 2015)	12.7	(22.3)	Mathematics	478	(490)
Public and private spending (% of GDP)			Science	475	(493)
Health care (2016)	6.5	(8.7)	Share of women in parliament (%)	21.3	(28.7)
Pensions (2015)	6.9	(9.1)	Net official development assistance (% of GNI, 2016)	0.14	(0.38)
Education (primary, secondary, post sec. non tertiary, 2014)	2.6	(3.7)

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

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