[ Nominal GDP in billions of USD ]
Year -
$84.87 billions
Lithuania GDP expanded from 1995 to 2024, increasing from $7.92 billion to $84.87 billion.The compound annual growth rate (CAGR) averaged 8.52% over the period. The economy recorded its peak level in 2024 and its lowest level in 1995. Growth volatility remained high. The maximum drawdown reached 23.4%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 84.87 Billions | $ 159.68 Int Billions |
| Growth (YoY) | 6.366% | 6.226% |
| Net Change vs Previous Year | $ 5.08 Billion | $ 9.36 Int Billion |
| % of World GDP | 0.08% | 0.08% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | - | - | - | 33.39 | - | - |
| 1991 | - | - | - | 32.56 | -0.83 | -2.486 % |
| 1992 | - | - | - | 26.22 | -6.34 | -19.465 % |
| 1993 | - | - | - | 22.49 | -3.73 | -14.241 % |
| 1994 | - | - | - | 20.73 | -1.76 | -7.839 % |
| 1995 | 7.92 | - | - | 21.86 | 1.13 | 5.456 % |
| 1996 | 8.43 | 0.51 | 6.426 % | 23.34 | 1.48 | 6.768 % |
| 1997 | 10.17 | 1.74 | 20.617 % | 25.62 | 2.29 | 9.8 % |
| 1998 | 11.29 | 1.12 | 11.023 % | 27.85 | 2.23 | 8.691 % |
| 1999 | 11.02 | -0.27 | -2.366 % | 27.91 | 0.06 | 0.205 % |
| 2000 | 11.55 | 0.53 | 4.796 % | 29.66 | 1.75 | 6.274 % |
| 2001 | 12.26 | 0.71 | 6.147 % | 32.62 | 2.97 | 10.002 % |
| 2002 | 14.28 | 2.02 | 16.488 % | 35.45 | 2.82 | 8.659 % |
| 2003 | 18.81 | 4.53 | 31.696 % | 39.82 | 4.37 | 12.336 % |
| 2004 | 22.74 | 3.93 | 20.915 % | 42.57 | 2.75 | 6.899 % |
| 2005 | 26.11 | 3.36 | 14.783 % | 46.35 | 3.79 | 8.893 % |
| 2006 | 30.12 | 4.01 | 15.365 % | 50.76 | 4.4 | 9.499 % |
| 2007 | 39.73 | 9.61 | 31.92 % | 58.06 | 7.31 | 14.393 % |
| 2008 | 47.83 | 8.1 | 20.393 % | 62.08 | 4.02 | 6.916 % |
| 2009 | 37.49 | -10.34 | -21.611 % | 53.94 | -8.14 | -13.105 % |
| 2010 | 36.64 | -0.86 | -2.284 % | 57.98 | 4.04 | 7.481 % |
| 2011 | 43.19 | 6.55 | 17.873 % | 65.28 | 7.3 | 12.593 % |
| 2012 | 42.71 | -0.48 | -1.105 % | 69.57 | 4.29 | 6.578 % |
| 2013 | 46.3 | 3.59 | 8.416 % | 73.71 | 4.13 | 5.939 % |
| 2014 | 48.31 | 2 | 4.326 % | 77.18 | 3.47 | 4.709 % |
| 2015 | 41.54 | -6.77 | -14.006 % | 78.45 | 1.27 | 1.652 % |
| 2016 | 42.97 | 1.43 | 3.442 % | 82.58 | 4.13 | 5.259 % |
| 2017 | 47.76 | 4.79 | 11.138 % | 88.99 | 6.41 | 7.766 % |
| 2018 | 54.26 | 6.51 | 13.621 % | 102.88 | 13.89 | 15.608 % |
| 2019 | 55.12 | 0.86 | 1.585 % | 114.03 | 11.15 | 10.839 % |
| 2020 | 57.41 | 2.29 | 4.154 % | 115.96 | 1.93 | 1.697 % |
| 2021 | 67.04 | 9.63 | 16.765 % | 128.83 | 12.87 | 11.096 % |
| 2022 | 71.03 | 4 | 5.962 % | 144.23 | 15.4 | 11.955 % |
| 2023 | 79.79 | 8.76 | 12.327 % | 150.32 | 6.09 | 4.222 % |
| 2024 | 84.87 | 5.08 | 6.366 % | 159.68 | 9.36 | 6.226 % |
Between 1995 to 2024, Lithuania experienced the following economic phases:
The most remarkable growth occurred in 2007 with an increase of 31.92%, while the largest decline was in 2009 at -21.611%.