LithuaniaChapitres
Lithuania has a small, open economy with strengths in services, digital sectors, and industrial exports, supported by EU and eurozone membership. The country has improved energy security and benefits from a relatively stable banking sector. However, it faces structural challenges including a shrinking workforce, tight labour market, and high inflation. Trade with Russia has declined, and public finances remain under pressure. Despite these challenges, growth is expected to continue moderately, supported by exports, EU-funded projects, and private consumption.
Source: Coface
Indicateurs clés
- Surface
- 65,300 sq km
- Population
- 2,888,278 (2024)
- Type de gouvernement
- semi-presidential republic
- Langues
- Lithuanian (official) 85.3%, Russian 6.8%, Polish 5.1%, other 1.1%, two mother tongues 1.7% (2021 est.)
- PIB
- $84.87 billion (2024)
- Taux de croissance
- 2.8% (2024)
- HDI
- 39
- Capitale
- Vilnius
Indicateurs macroéconomiques
Lithuania’s economy is expected to continue growing over the forecast horizon, supported by private consumption, which will be driven by increasing wages and release of the second pillar pensions. Investment is also expected to grow. US tariffs and the adverse geopolitical context are having a limited economic effect. Real GDP is projected to grow by 2.7% in 2025, 3.0% in 2026 and 2.1% in 2027. Inflation is expected to rise to 3.4% in 2025 driven by an increase in services and food prices but ease to 2.9% in 2026, restrained by lower energy prices. In 2027, energy prices are expected to rise due to introduction of ETS2, the overall inflation constituting 2.4%. The general government deficit is projected to increase from 2.2% in 2025, to 2.6% in 2026, and to 2.7% in 2027.
Source: European Commission
IMF Statistics:
| Subject descriptor | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|
|
All Items, Consumer price index (CPI), Period average, percent change Percent (Units) |
8.685 |
0.852 |
3.576 |
3.059 |
2.514 |
|
Current account balance (credit less debit), Percent of GDP Percent (Units) |
1.099 |
2.473 |
2.082 |
2.149 |
2.25 |
|
Current account balance (credit less debit), US dollar US dollar (Billions) |
0.877 |
2.099 |
1.983 |
2.249 |
2.456 |
|
Exports of goods and services, Volume, Free on board (FOB), Percent change Percent (Units) |
-3.395 |
2.063 |
2.323 |
1.694 |
2.874 |
|
Gross domestic product (GDP), Constant prices, Percent change Percent (Units) |
0.428 |
2.726 |
2.733 |
2.933 |
2.129 |
|
Gross domestic product (GDP), Current prices, Per capita, US dollar US dollar (Units) |
27798.037 |
29378.609 |
32982.41 |
36225.11 |
38101.771 |
|
Gross domestic product (GDP), Current prices, US dollar US dollar (Billions) |
79.824 |
84.847 |
95.274 |
104.651 |
109.192 |
|
Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change Percent (Units) |
-5.338 |
2.388 |
3.487 |
2.703 |
2.866 |
|
Unemployment rate |
6.875 |
7.133 |
6.6 |
6.1 |
6.0 |
Estimates
Source: IMF Statistics - Lithuania
Le Luxembourg et le pays
Existing conventions and agreements
Non double taxation agreement
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 22.11.2004 (Memorial 2006, A No.65, p.1300)
- Effective as of 01.01.2007 (Memorial 2006, A No.65, p.1300)
- Amendment of the Convention from 20.06.2014 (Memorial 2015, A No.232, p.5116)
- Law from 24.12.2015
- Effective as of 01.01.2016
Application of the most favoured nation clause (Newsletter of 22.11.2019)
Effective as of 01.01.2019
Air Services agreement
None
Informations supplémentaires
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Lithuania
Embassy of the Grand Duchy of Luxembourg in Warsaw
Ambassador with residence in Warsaw: Ms Peggy FRANTZEN
ul. Sloneczna 15
00-789 Warsaw
Poland
Tel.: (+48) 22 507 86 50
Fax: (+48) 22 507 86 61
E-Mail: varsovie.amb@mae.etat.lu
Website: varsovie.mae.lu
Honorary Consuls
Kaunas
Honorary Consul with Jurisdiction over the Constituencies of Kaunas, Alytus, Marijampole, Taurage, and Klaipeda:
Mr Ramunas GARBARAVICIUS
Vaizganto 30
LT-44229 Kaunas
Poland
Tel.: (+37) (0) 621 762 15
E-Mail: kaunas@consul-hon.lu
Vilnius
Honorary Consul with jurisdiction over the Constituencies of Vilnius, Utena, Panevezys, Siauliai. and Telisi:
Ms Vilija VAITKUTE PAVAN
Jogailos 9
LT- 01116 Vilnius
Poland
Tel.: (+37) (0) 698 82026
E-Mail: E-mail: vilnius@consul-hon.lu
Source: Ministry of Foreign Affairs of Luxembourg
Country risk as defined by Office du Ducroire for Lithuania
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office – Country Risk for Lithuania