Source: world bank Nominal/PPP
Summary:
Lithuania GDP Per Capita expanded from 1995 to 2024, increasing from $2,182.69 to $29,384.02 .The compound annual growth rate (CAGR) averaged 9.38% 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 20.9%, indicating the largest cyclical decline from peak levels. The country experienced 3 recession episode(s) during the observed period.
Lithuania Economic Phases (1995 - 2024)
From 1995 to 2024, Lithuania economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1996–1998) indicating robust economic expansion
- High Growth (2000–2008) indicating robust economic expansion
- High Growth (2013–2014) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- Expansion (2019–2020) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 2007 with an increase of 33.496%, while the largest decline was in 2009 at -20.736%.