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Flag description:
three equal horizontal bands of yellow (top), green, and red

Economy Lithuania

Economy - overview:
Lithuania, the Baltic state that has conducted the most trade with
Russia, has slowly rebounded from the 1998 Russian financial crisis.
Unemployment dropped from 11% in 2003 to 4.5% in 2006. Growing
domestic consumption and increased investment have furthered
recovery. Trade has been increasingly oriented toward the West.
Lithuania has gained membership in the World Trade Organization and
joined the EU in May 2004. Privatization of the large, state-owned
utilities, particularly in the energy sector, is nearing completion.
Overall, more than 80% of enterprises have been privatized. Foreign
government and business support have helped in the transition from
the old command economy to a market economy.

GDP (purchasing power parity):
$54.03 billion (2006 est.)

GDP (official exchange rate):
$25.78 billion (2006 est.)

GDP - real growth rate:
7.2% (2006 est.)

GDP - per capita (PPP):
$15,100 (2006 est.)

GDP - composition by sector:
agriculture: 5.5%
industry: 33.3%
services: 61.2% (2006 est.)

Labor force:
1.617 million (2006 est.)

Labor force - by occupation:
agriculture: 15.8%
industry: 28.2%
services: 56% (2004)

Unemployment rate:
4.5% (2006 est.)

Population below poverty line:
4%

Household income or consumption by percentage share:
lowest 10%: 3.2%
highest 10%: 24.9% (2000)

Distribution of family income - Gini index:
32.5 (2003)

Inflation rate (consumer prices):
3.6% (2006 est.)

Investment (gross fixed):
23% of GDP (2006 est.)

Budget:
revenues: $9.415 billion
expenditures: $9.761 billion; including capital expenditures of $NA
(2006 est.)

Public debt:
18% of GDP (2006 est.)

Agriculture - products:
grain, potatoes, sugar beets, flax, vegetables; beef, milk, eggs;
fish

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

Industrial production growth rate:
7% (2006 est.)

Electricity - production:
17.8 billion kWh (2004)

Electricity - production by source:
fossil fuel: 16.5%