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    Lithuania Index 2006

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    Lithuania Economy - 2006
    https://theodora.com/wfbcurrent/lithuania/lithuania_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 5.3% in 2005. 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):
      $50.12 billion (2005 est.)

      GDP (official exchange rate):
      $23.48 billion (2005 est.)

      GDP - real growth rate:
      6.7% (2005 est.)

      GDP - per capita (PPP):
      $13,900 (2005 est.)

      GDP - composition by sector:
      agriculture: 5.7%
      industry: 32.4%
      services: 62% (2005 est.)

      Labor force:
      1.61 million (2005 est.)

      Labor force - by occupation:
      agriculture: 20%
      industry: 30%
      services: 50% (1997 est.)

      Unemployment rate:
      5.3% (2005 est.)

      Population below poverty line:
      NA%

      Household income or consumption by percentage share:
      lowest 10%: 3.1%
      highest 10%: 25.6% (1996)

      Distribution of family income - Gini index:
      31.9 (2000)

      Inflation rate (consumer prices):
      2.6% (2005 est.)

      Investment (gross fixed):
      22.1% of GDP (2005 est.)

      Budget:
      revenues: $8.429 billion
      expenditures: $9.103 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      21.4% of GDP (2005 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:
      6% (2005 est.)

      Electricity - production:
      18.64 billion kWh (2003)

      Electricity - consumption:
      9.109 billion kWh (2003)

      Electricity - exports:
      12.37 billion kWh (2003)

      Electricity - imports:
      4.144 billion kWh (2003)

      Oil - production:
      12,360 bbl/day (2003 est.)

      Oil - consumption:
      89,000 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      3.03 billion cu m (2003 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      2.76 billion cu m (2001 est.)

      Current account balance:
      -$1.87 billion (2005 est.)

      Exports:
      $10.95 billion f.o.b. (2005 est.)

      Exports - commodities:
      mineral products 23%, textiles and clothing 16%, machinery and equipment 11%, chemicals 6%, wood and wood products 5%, foodstuffs 5% (2001)

      Exports - partners:
      Germany 10.2%, Latvia 10.2%, Russia 9.3%, France 6.3%, UK 5.3%, Sweden 5.1%, Estonia 5%, Poland 4.8%, Netherlands 4.8%, Denmark 4.8%, US 4.7%, Switzerland 4.6% (2004)

      Imports:
      $13.33 billion f.o.b. (2005 est.)

      Imports - commodities:
      mineral products, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals

      Imports - partners:
      Russia 23.1%, Germany 16.7%, Poland 7.7%, Netherlands 4% (2004)

      Reserves of foreign exchange and gold:
      $3.785 billion (2005 est.)

      Debt - external:
      $10.47 billion (31 December 2004 est.)

      Economic aid - recipient:
      $228.5 million (1995)

      Currency (code):
      litas (LTL)

      Exchange rates:
      litai per US dollar - 2.774 (2005), 2.7806 (2004), 3.0609 (2003), 3.677 (2002), 4 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Lithuania on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Lithuania Economy 2006 information contained here. All suggestions for corrections of any errors about Lithuania Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/lithuania/lithuania_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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