The most important sectors of Lithuania’s economy in 2018 were wholesale and retail trade, transport, accommodation and food services (32.2%), industry (21.9%) and public administration, defence, education, human health and social work activities (14.3%). Currency: EURO GDP Per Capita: 19,455.5 USD (2019) GDP Growth Rate: 3.9%annual change (2019) Gross Domestic Product: 51,353.60 million (2019) GNI Per Capita: 34,680 PPP dollars (2018)
The top export destinations of Lithuania are Russia, Belarus, Latvia, Germany and Poland. The top import origins are Russia, Germany, Poland, Latvia, and the Netherlands. Exports : The top exports of Lithuania are Refined Petroleum($4.25B), Other Furniture ($1.44B), Rolled Tobacco ($920M), Polyacetals ($651M), and Packaged Medicaments ($586M). Imports: The top imports of Lithuania are Crude Petroleum ($3.53B), Cars($1.21B), Packaged Medicaments ($931M), Refined Petroleum($771M), and Tractors ($676M). Lithuania exports mostly to Russia ($4.34B), Latvia ($3.04B), Poland ($2.49B), Germany ($2.35B), and Sweden ($1.55B), and imports mostly from Russia ($4.2B), Germany ($4.01B), Poland ($3.88B), Latvia ($2.25B), and Netherlands ($1.65B).
Finances with European Union
Breakdown of Lithuania’s finances with the EU: Total EU spending in Lithuania : 2.071 billion Total EU spending as %of Lithuanian gross national income (GNI) : 4.80% Total Lithuanian contribution to the EU budget : 0.356 billion Lithuanian contribution to the EU budget as % of its GNI : 0.83%