Lithuania GDP Trends from 1995 to 2024: A overall increase with some decline Flow

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%.

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.


Lithuania GDP from 1995 to 2024

The total market value of goods and services produced annually in Lithuania.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1995
    $ 6B 696M
    $ 1,845.10
    $ 6,856.03
    $ 24B 881M
    0 %
    -9.176 %
    13.59 %
    0 %
    3M 629K people
    1996
    $ 8B 382M
    $ 2,327.50
    $ 7,403.43
    $ 26B 664M
    5.239 %
    -8.621 %
    12.44 %
    0 %
    3M 602K people
    1997
    $ 10B 119M
    $ 2,830.27
    $ 8,217.22
    $ 29B 378M
    8.311 %
    -9.699 %
    14.86 %
    0 %
    3M 575K people
    1998
    $ 11B 240M
    $ 3,166.72
    $ 8,995.94
    $ 31B 929M
    7.476 %
    -11.55 %
    12.75 %
    0 %
    3M 549K people
    1999
    $ 10B 972M
    $ 3,113.27
    $ 9,083.33
    $ 32B 11M
    -1.141 %
    -10.883 %
    10.66 %
    0 %
    3M 524K people
    2000
    $ 11B 525M
    $ 3,293.31
    $ 9,700.38
    $ 33B 945M
    3.696 %
    -5.855 %
    13.26 %
    -2.818 %
    3M 500K people
    2001
    $ 12B 238M
    $ 3,525.85
    $ 10,653.42
    $ 36B 976M
    6.526 %
    -4.688 %
    14.54 %
    -2.866 %
    3M 471K people
    2002
    $ 14B 257M
    $ 4,140.73
    $ 11,642.43
    $ 40B 86M
    6.751 %
    -5.148 %
    15.57 %
    -0.913 %
    3M 443K people
    2003
    $ 18B 782M
    $ 5,499.48
    $ 13,233.81
    $ 45B 196M
    10.566 %
    -6.807 %
    15.12 %
    -0.409 %
    3M 415K people
    2004
    $ 22B 624M
    $ 6,699.37
    $ 14,645.99
    $ 49B 461M
    6.57 %
    -7.622 %
    15.12 %
    -0.819 %
    3M 377K people
    2005
    $ 26B 115M
    $ 7,860.18
    $ 16,540.50
    $ 54B 956M
    7.732 %
    -7.388 %
    16.88 %
    0.071 %
    3M 323K people
    2006
    $ 30B 203M
    $ 9,236.62
    $ 18,609.32
    $ 60B 851M
    7.414 %
    -10.619 %
    16.33 %
    0.047 %
    3M 270K people
    2007
    $ 39B 764M
    $ 12,305.92
    $ 21,490.31
    $ 69B 441M
    11.107 %
    -15.329 %
    16.98 %
    -0.614 %
    3M 231K people
    2008
    $ 48B 30M
    $ 15,017.56
    $ 22,709.37
    $ 72B 630M
    2.615 %
    -13.228 %
    14.90 %
    -2.861 %
    3M 198K people
    2009
    $ 37B 475M
    $ 11,848.20
    $ 19,676.04
    $ 62B 234M
    -14.839 %
    2.037 %
    14.69 %
    -8.207 %
    3M 163K people
    2010
    $ 37B 195M
    $ 12,009.03
    $ 20,673.11
    $ 64B 30M
    1.652 %
    0.217 %
    18.34 %
    -5.239 %
    3M 97K people
    2011
    $ 43B 584M
    $ 14,393.27
    $ 22,884.95
    $ 69B 298M
    6.039 %
    -3.671 %
    18.29 %
    -7.241 %
    3M 28K people
    2012
    $ 42B 952M
    $ 14,376
    $ 24,703.76
    $ 73B 809M
    3.844 %
    -1.571 %
    18.19 %
    -1.144 %
    2M 988K people
    2013
    $ 46B 537M
    $ 15,734.38
    $ 26,721.62
    $ 79B 34M
    3.55 %
    1.685 %
    21.21 %
    -0.775 %
    2M 958K people
    2014
    $ 48B 611M
    $ 16,577.33
    $ 28,184.35
    $ 82B 647M
    3.537 %
    3.463 %
    23.09 %
    1.069 %
    2M 932K people