Lithuania's GDP changed from approximately $6B 696M in 1995 to $81B 170M in 2024, showing an overall 1112.2% sharply increased during the period.
The lowest GDP was recorded in 1995 at $6B 696M, and the highest in 2024 at $81B 170M.
Over the 29-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 9.0%.
For comparison, the average annual growth rate of Latvia was 10.8%, and that of Poland was 6.3%.
Lithuania GDP from 1995 to 2024
The total market value of goods and services produced annually in Lithuania.
Overview of Lithuania's GDP (1995–2024)
The Gross Domestic Product (GDP) of Lithuania recorded a 1112.2% sharply increased from 1995 to 2024.
The average GDP during this period was $37B 399M, and the median was $40B 602M.
GDP fluctuated within a range of $74B 474M, with a standard deviation of $21B 619M.
The average annual change was $2B 375M.
Highest and Lowest GDP Records
- Lowest GDP: 1995, $6B 696M
- Highest GDP: 2024, $81B 170M
- Most Recent GDP: 2024, $81B 170M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2009: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Lithuania's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $54B 815M → $56B 919M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $39B 764M → $37B 475M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $11B 525M → $12B 238M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $10B 119M → $11B 240M
- Outcome: sharply increased
Key Economic Indicators of Lithuania (1995–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1995 | 0 % | $ 6B 696M | $ 24B 881M | $ 1,845.10 | $ 6,856.03 | 13.59 % | 3M 629K people | -9.176 % | 0 % |
1996 | 5.239 % | $ 8B 382M | $ 26B 664M | $ 2,327.50 | $ 7,403.43 | 12.44 % | 3M 602K people | -8.621 % | 0 % |
1997 | 8.311 % | $ 10B 119M | $ 29B 378M | $ 2,830.27 | $ 8,217.22 | 14.86 % | 3M 575K people | -9.699 % | 0 % |
1998 | 7.476 % | $ 11B 240M | $ 31B 929M | $ 3,166.72 | $ 8,995.94 | 12.75 % | 3M 549K people | -11.55 % | 0 % |
1999 | -1.141 % | $ 10B 972M | $ 32B 11M | $ 3,113.27 | $ 9,083.33 | 10.66 % | 3M 524K people | -10.883 % | 0 % |
2000 | 3.696 % | $ 11B 525M | $ 33B 945M | $ 3,293.31 | $ 9,700.38 | 13.26 % | 3M 500K people | -5.855 % | -2.818 % |
2001 | 6.526 % | $ 12B 238M | $ 36B 976M | $ 3,525.85 | $ 10,653.42 | 14.54 % | 3M 471K people | -4.688 % | -2.866 % |
2002 | 6.751 % | $ 14B 257M | $ 40B 86M | $ 4,140.73 | $ 11,642.43 | 15.57 % | 3M 443K people | -5.148 % | -0.913 % |
2003 | 10.566 % | $ 18B 782M | $ 45B 196M | $ 5,499.48 | $ 13,233.81 | 15.12 % | 3M 415K people | -6.807 % | -0.409 % |
2004 | 6.57 % | $ 22B 624M | $ 49B 461M | $ 6,699.37 | $ 14,645.99 | 15.12 % | 3M 377K people | -7.622 % | -0.819 % |
2005 | 7.732 % | $ 26B 115M | $ 54B 956M | $ 7,860.18 | $ 16,540.50 | 16.88 % | 3M 323K people | -7.388 % | 0.071 % |
2006 | 7.414 % | $ 30B 203M | $ 60B 851M | $ 9,236.62 | $ 18,609.32 | 16.33 % | 3M 270K people | -10.619 % | 0.047 % |
2007 | 11.107 % | $ 39B 764M | $ 69B 441M | $ 12,305.92 | $ 21,490.31 | 16.98 % | 3M 231K people | -15.329 % | -0.614 % |
2008 | 2.615 % | $ 48B 30M | $ 72B 630M | $ 15,017.56 | $ 22,709.37 | 14.90 % | 3M 198K people | -13.228 % | -2.861 % |
2009 | -14.839 % | $ 37B 475M | $ 62B 234M | $ 11,848.20 | $ 19,676.04 | 14.69 % | 3M 163K people | 2.037 % | -8.207 % |
2010 | 1.652 % | $ 37B 195M | $ 64B 30M | $ 12,009.03 | $ 20,673.11 | 18.34 % | 3M 97K people | 0.217 % | -5.239 % |
2011 | 6.039 % | $ 43B 584M | $ 69B 298M | $ 14,393.27 | $ 22,884.95 | 18.29 % | 3M 28K people | -3.671 % | -7.241 % |
2012 | 3.844 % | $ 42B 952M | $ 73B 809M | $ 14,376 | $ 24,703.76 | 18.19 % | 2M 988K people | -1.571 % | -1.144 % |
2013 | 3.55 % | $ 46B 537M | $ 79B 34M | $ 15,734.38 | $ 26,721.62 | 21.21 % | 2M 958K people | 1.685 % | -0.775 % |
2014 | 3.537 % | $ 48B 611M | $ 82B 647M | $ 16,577.33 | $ 28,184.35 | 23.09 % | 2M 932K people | 3.463 % | 1.069 % |