grew strongly, and the current
account deficit rose to nearly 15% of GDP in 2007. 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 is nearly
complete. Foreign government and business support have helped in the
transition from the old command economy to a market economy.

GDP (purchasing power parity):

$59.98 billion (2007 est.)

GDP (official exchange rate):

$38.35 billion (2007 est.)

GDP - real growth rate:

8.8% (2007 est.)

GDP - per capita (PPP):

$16,800 (2007 est.)

GDP - composition by sector:

agriculture: 5.3%
industry: 33.3%
services: 61.4% (2007 est.)

Labor force:

1.603 million (2007 est.)

Labor force - by occupation:

agriculture: 15.8%
industry: 28.2%
services: 56% (2004)

Unemployment rate:

3.5%
note: based on survey data, official registered unemployment of 5.7%
(2007 est.)

Population below poverty line:

4% (2003)

Household income or consumption by percentage share:

lowest 10%: 2.7%
highest 10%: 27.7% (2003)

Distribution of family income - Gini index:

36 (2005)

Investment (gross fixed):

26.6% of GDP (2007 est.)

Budget:

revenues: $13.28 billion
expenditures: $13.75 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

17.3% of GDP (2007 est.)

Inflation rate (consumer prices):

5.7% (2007 est.)

Central bank discount rate:

4.85% (31 December 2007)

Commercial bank prime lending rate:

6.86% (31 December 2007)

Stock of money:

$11.84 billion (31 December 2007)

Stock of quasi money:

$6.917 billion (31 December 2007)

Stock of domestic credit:

$25.05 billion (31 December 2007)

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:

7.4% (2007 est.)

Electricity - production:

11.91 billion kWh (2006 est.)

Electricity - consumption:

10.4 billion kWh (2006 est.)

Electricity - exports:

7.217 billion kWh (2007 est.)