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Lithuania

Lithuania gained membership in the World Trade Organization and joined the EU in May 2004. Despite Lithuania's EU accession, Lithuania's trade with its Central and Eastern European neighbors, and Russia in particular, accounts for a growing percentage of total trade. Privatization of the large, state-owned utilities is nearly complete. Foreign government and business support have helped in the transition from the old command economy to a market economy. Lithuania's economy grew on average 8% per year for the four years prior to 2008, driven by exports and domestic demand. However, GDP plunged 15% in 2009 - the th...  More..

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Economy of Lithuania
SOURCE: CIA - The World Factbook
Currency Lithuanian Litas
Fiscal Year 01 January - 31 December
GDP (PPP) $54.84 billion (2009 est.)
GDP (per capita) $15,400 (2009 est.)
Exports $16.1 billion (2009 est.)
Imports $17.84 billion (2009 est.)
Main Industries Metal-cutting Machine Tools, Electric Motors, Television Sets, Refrigerators and Freezers, Petroleum Refining, Shipbuilding (Small Ships), Furniture Making, Textiles, Food Processing, Fertilizers, Agricultural Machinery, Optical Equipment, Electronic Components, Computers, Amber Jewelry
Exports - Commodities Mineral Products 22%, Machinery and Equipment 10%, Chemicals 9%, Textiles 7%, Foodstuffs 7%, Plastics 7%
Imports - Commodities Mineral Products, Machinery and Equipment, Transport Equipment, Chemicals, Textiles and Clothing, Metals
Exports Partners Russia 13.2%, Latvia 10%, Germany 9.6%, Poland 7.1%, Estonia 7.1%, Belarus 4.7%, UK 4.3% (2009 est.)
Imports Partners Russia 30.1%, Germany 11.1%, Poland 9.9%, Latvia 6.3% (2009 est.)

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