Economic Geography

Economy of Lithuania

Lithuania takes the 16th place on ease of doing business list (World Bank).

GDP estimate
• Total
€42 bil. (2017, nominal)
$96 bil. (2018, PPP)
• Per capita
€14,800 / $19,930 (2018, nominal)
$34,033 (2018, PPP)

GDP Growth: 3.9% (2017-Q2)

Average gross salary
€895($2,000, PPP), monthly (Q1 2018)

Average net salary
€700($1,560, PPP), monthly (Q1 2018)

Public Debt/GDP: €15.7($16.8) billion, 41% of GDP (2016)

Unemployment
• 7.5%(2016-Q3)

Inflation: 1.7% (2016)
(Source:Wikipedia)

Main industries: petroleum refining, food processing, energy supplies, chemicals, furniture, wood products, textile and clothing.

Establishing limited company – UAB costs approximately 700 eur and minimum capital is 2500 eur. Corporate income tax is 15%.