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 nearly 15% in 2009 - during the 2008-09 crisis the three former Soviet Baltic republics had the world’s worst economic declines. In 2009, the government launched a high-profile campaign, led by Prime Minister KUBILIUS, to attract foreign investment and to develop export markets. The current account deficit, which had risen to roughly 15% of GDP in 2007-08, recovered to a surplus of 4% 2009 and 3.5% in 2010 in the wake of a cutback in imports to almost half the 2008 level. Nevertheless, economic growth was flat and unemployment continued upward to 16% in 2010.

$56.22 billion (2010 est.)

$55.99 billion (2009 est.)

$65.72 billion (2008 est.)

$35.73 billion (2010 est.)

0.4% (2010 est.)

-14.8% (2009 est.)

2.8% (2008 est.)

$15,900 (2010 est.)

$15,700 (2009 est.)

$18,400 (2008 est.)

1.633 million (2010 est.)

16% (2010 est.)

13.7% (2009 est.)

4% (2003)

36 (2005)

34 (1999)

15.2% of GDP (2010 est.)

36.7% of GDP (2010 est.)

29.5% of GDP (2009 est.)

0.9% (2010 est.)

4.5% (2009 est.)

1.75% (February 2010)

4.73% (31 December 2008)

8.39% (31 December 2009 est.)

8.41% (31 December 2008 est.)

$8.917 billion (31 December 2010 est)

$8.896 billion (31 December 2009 est)

$17.26 billion (31 December 2010 est.)

$17.6 billion (31 December 2009 est.)

$25.35 billion (31 December 2010 est.)

$25.85 billion (31 December 2009 est.)

$4.477 billion (31 December 2009)

$3.625 billion (31 December 2008)

$10.13 billion (31 December 2007)

grain, potatoes, sugar beets, flax, vegetables; beef, milk, eggs; fish

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

2.5% (2010 est.)

12.09 billion kWh (2007 est.)

9.612 billion kWh (2007 est.)

6.606 billion kWh (2008 est.)

5.649 billion kWh (2008 est.)

6,333 bbl/day (2009 est.)

74,000 bbl/day (2009 est.)

137,200 bbl/day (2007 est.)

204,000 bbl/day (2007 est.)

12 million bbl (1 January 2010 est.)

0 cu m (2008 est.)

3.53 billion cu m (2008 est.)

0 cu m (2008 est.)

3.53 billion cu m (2008 est.)

0 cu m (1 January 2010 est.)

$1.231 billion (2010 est.)

$1.492 billion (2009 est.)

$19.29 billion (2010 est.)

$16.48 billion (2009 est.)

mineral products 22%, machinery and equipment 10%, chemicals 9%, textiles 7%, foodstuffs 7%, plastics 7%

Russia 13.2%, Latvia 10%, Germany 9.6%, Poland 7.1%, Estonia 7.1%, Belarus 4.7%, UK 4.3% (2009)

$20.34 billion (2010 est.)

$17.56 billion (2009 est.)

mineral products, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals

Russia 30.1%, Germany 11.1%, Poland 9.9%, Latvia 6.3% (2009)

$6.418 billion (31 December 2010 est.)

$6.66 billion (31 December 2009 est.)

$27.6 billion (31 December 2010 est.)

$28.69 billion (31 December 2009 est.)

$14.11 billion (31 December 2010 est.)

$13.81 billion (31 December 2009 est.)

$2.507 billion (31 December 2010 est.)

$2.307 billion (31 December 2009 est.)

litai (LTL) per US dollar - 2.6637 (2010), 2.4787 (2009), 2.3251 (2008), 2.5362 (2007), 2.7498 (2006)