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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
