Lithuania FlagLithuania

The Strength Of The Nation Lies In Unity.

 

General


Population: 3,505,738 (2014), 3,515,858 (2013)
Land Area: 65,300 sq km
Natural Resources: Peat, arable land, amber
Capital: Vilnius
Political System: Parliamentary Democracy
State Leader: Dalia Grybauskaite (July 12th 2009)
Head of Government: Algirdas Butkevicius (November 22nd 2012)
Languages: Lithuanian, Russian, Polish
Currency: Litas (LTL)
Major Religions: Roman Catholic 79%, Russian Orthodox 4.1%, Protestant 1.9%, Other Or Unspecified 5.5%, None 9.5%
Major Ethnicities: Lithuanian 83.4%, Polish 6.7%, Russian 6.3%, Other or Unspecified 3.6%
Life Expectancy: 75.98 years (2014), 75.77 years (2013)

Economy


GDP Official Exchange Rate: 46.71 billion (2013), 43.5 billion (2012)
GDP Purchasing Power Parity: 67.43 billion (2013), 64.8 billion (2012)
GDP Per Capita (PPP): 22,600 (2013), 20,100 (2012)
GDP Growth Rate: 3.4% (2013), 3.5% (2012)
GDP Structure: Agriculture 3.7%, Industry 28.3%, Services 68% (2013)
Labour Force By Occupation: Agriculture 7.9%, Industry 19.6%, Services 72.5% (2012)
Industries: Metal-cutting machine tools, electrical motors, television sets, refrigerators and freezers, petroleum refining, shipbuilding, furniture making, textiles, food processing, fertilizers, agricultural machinery, optical equipment, electronic components, computers, amber jewelry
Agriculture Products: Grain, potatoes, sugar beets, flax, vegetables; beef, milk, eggs; fish
Human Development Index: 0.834 (25th)(2014), 0.818 (41st)(2013)
Tourism Revenue: 874 million (2004)
Unemployment Rate: 12.4% (2013)

MilitaryLithuania Map


Army Size: 13 510 (2004)
Budget: 1.2% of GDP (2006)

Current Situation

 

Lithuania is located in the Baltic region of Europe. Lithuania is bordered by Belarus, Latvia, Poland and Russia. Lithuania's growth rate for the past few years has been very high and very constant. Since joining the European Union Lithuania has taken advantage of trade links within the European Union, and now has one of the lowest corporate tax rates in the Union. Lithuania like the other Baltic countries has been hit hard by the global recession, its economy has cooled down enormously receding by 15% in 2009.

(2013) Lithuania has returned to growth in recent years and should be posting a heatlhy 2%+ growth in 2013.

(2014) Lithuania's economy achieved strong growth in 2013 and is set to continue on this positive thrend.

Thoughts & Comments

 

Sources

CIA World Factbook: Lithuania
Wikipedia: Lithuania
http://hdrstats.undp.org/en/countries/profiles/LTU.html

Updated on: October 17th, 2014