OECD Economic Surveys: Lithuania 2020

Abstract

This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of Lithuania were reviewed by the Committee on 24 September 2020. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 29 October 2020.

The Secretariat’s draft report was prepared for the Committee by Hansjörg Blöchliger and Vassiliki Koutsogeorgopoulou under the supervision of Piritta Sorsa. Statistical research assistance was provided by Roland Tusz and editorial coordination by Carolina Gonzalez.

The previous Survey of Lithuania was issued in June 2018.

Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at http://www.oecd.org/eco/surveys.

Basic statistics of Lithuania, 2019

(Numbers in parentheses refer to the OECD average)1

LAND, PEOPLE AND ELECTORAL CYCLE
Population (million)	2.8		Population density per km² (2018)	44.7	(38.0)
Under 15 (%)	15.1	(17.9)	Life expectancy at birth (years, 2018)	75.7	(80.1)
Over 65 (%)	20.2	(17.1)	Men (2018)	70.9	(77.5)
Foreign born (%, 2018)	4.7		Women (2018)	80.7	(82.8)
Latest 5-year average growth (%)	-1.0	(0.6)	Latest general election	October-2020
ECONOMY
Gross domestic product (GDP)			Value added shares (%)
In current prices (billion USD)	54.2		Agriculture, forestry and fishing	3.3		(2.6)
In current prices (billion CRC)	48.4		Industry including construction	28.1		(26.8)
Latest 5-year average real growth (%)	3.3	(2.2)	Services	68.6		(70.5)
Per capita (000 USD PPP)	38.2	(48.3)
GENERAL GOVERNMENT Per cent of GDP
Expenditure	34.9	(41.7)	Gross financial debt (OECD: 2017)	44.9	(108.9)
Revenue	35.2	(38.5)	Net financial debt (OECD: 2017)	13.8	(69.0)
EXTERNAL ACCOUNTS
Exchange rate (EUR per USD)	0.89		Main exports (% of total merchandise exports)
PPP exchange rate (USA = 1)	0.45		Machinery and transport equipment	20.3
In per cent of GDP			Miscellaneous manufactured articles	16.4
Exports of goods and services	78.1	(54.2)	Chemicals and related products, n.e.s.	15.1
Imports of goods and services	72.5	(50.5)	Main imports (% of total merchandise imports)
Current account balance	4.3	(0.3)	Machinery and transport equipment	26.9
Net international investment position	-21.6		Mineral fuels, lubricants and related materials	17.9
			Chemicals and related products, n.e.s.	14.8
LABOUR MARKET, SKILLS AND INNOVATION
Employment rate (aged 15 and over, %)	58.2	(57.5)	Unemployment rate, Labour Force Survey (aged 15 and over, %)	6.3		(5.4)
Men	63.1	(65.6)	Youth (aged 15-24, %)	11.9		(11.7)
Women	54.1	(49.9)	Long-term unemployed (1 year and over, %)	1.9		(1.4)
Participation rate (aged 15 and over, %)	62.1	(61.1)	Tertiary educational attainment (aged 25-64, %, 2018)	41.7		(36.9)
Average hours worked per year)	1,635	(1,726)	Gross domestic expenditure on R&D (% of GDP, 2018)	0.9		(2.6)
ENVIRONMENT
Total primary energy supply per capita (toe, 2018)	2.8	(4.0)	CO2 emissions from fuel combustion per capita (tonnes, 2018)	4.2		( 8.6)
Renewables (%, 2018)	19.3	(10.5)	Water abstractions per capita (1 000 m³, 2018)	0.1
Exposure to air pollution (more than 10 μg/m³ of PM 2.5, % of population, 2017)	96.6	(58.7)	Municipal waste per capita (tonnes, 2018)	0.5		(0.5)
SOCIETY
Income inequality (Gini coefficient, 2017, OECD: 2016)	0.374	(0.310)	Education outcomes (PISA score, 2018)
Relative poverty rate (%, 2017, OECD: 2016)	17.3	(11.5)	Reading	476		(487)
Median disposable household income (000 USD PPP, 2017, OECD: 2016)	15.4	(24.4)	Mathematics	481		(489)
Public and private spending (% of GDP)			Science	482		(489)
Health care	6.8	(8.8)	Share of women in parliament (%)	21.3		(30.7)
Pensions (2015)	6.9	(8.5)	Net official development assistance (% of GNI, 2017)	0.1		(0.4)
Education (% of GNI, 2018)	3.9	(4.5)

1. The year is indicated in parenthesis if it deviates from the year in the main title of this table. 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 80% of member countries.

Source: Calculations based on data extracted from databases of the following organisations: OECD, IEA, ILO, IMF, World Bank.