[ 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 | $ 157.15 Int Billions |
| Growth (YoY) | 6.366% | 7.486% |
| Net Change vs Previous Year | $ 5.08 Billion | $ 10.95 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 | - | - | - | 33.08 | - | - |
| 1991 | - | - | - | 32.26 | -0.82 | -2.486 % |
| 1992 | - | - | - | 25.98 | -6.28 | -19.465 % |
| 1993 | - | - | - | 22.28 | -3.7 | -14.241 % |
| 1994 | - | - | - | 20.54 | -1.75 | -7.839 % |
| 1995 | 7.92 | - | - | 21.66 | 1.12 | 5.456 % |
| 1996 | 8.43 | 0.51 | 6.426 % | 23.12 | 1.47 | 6.768 % |
| 1997 | 10.17 | 1.74 | 20.617 % | 25.39 | 2.27 | 9.829 % |
| 1998 | 11.29 | 1.12 | 11.023 % | 27.67 | 2.28 | 8.977 % |
| 1999 | 11.02 | -0.27 | -2.366 % | 27.69 | 0.02 | 0.056 % |
| 2000 | 11.55 | 0.53 | 4.796 % | 29.63 | 1.94 | 6.999 % |
| 2001 | 12.26 | 0.71 | 6.147 % | 32.82 | 3.2 | 10.788 % |
| 2002 | 14.28 | 2.02 | 16.488 % | 36.14 | 3.32 | 10.114 % |
| 2003 | 18.81 | 4.53 | 31.696 % | 41.28 | 5.13 | 14.203 % |
| 2004 | 22.74 | 3.93 | 20.915 % | 44.23 | 2.95 | 7.159 % |
| 2005 | 26.11 | 3.36 | 14.783 % | 48.23 | 3.99 | 9.032 % |
| 2006 | 30.12 | 4.01 | 15.365 % | 53.78 | 5.55 | 11.517 % |
| 2007 | 39.73 | 9.61 | 31.92 % | 61.76 | 7.98 | 14.843 % |
| 2008 | 47.83 | 8.1 | 20.393 % | 66.32 | 4.55 | 7.374 % |
| 2009 | 37.49 | -10.34 | -21.611 % | 57.46 | -8.85 | -13.352 % |
| 2010 | 36.64 | -0.86 | -2.284 % | 61.41 | 3.95 | 6.874 % |
| 2011 | 43.19 | 6.55 | 17.873 % | 68.74 | 7.33 | 11.936 % |
| 2012 | 42.71 | -0.48 | -1.105 % | 73.43 | 4.69 | 6.824 % |
| 2013 | 46.3 | 3.59 | 8.416 % | 78.66 | 5.23 | 7.118 % |
| 2014 | 48.31 | 2 | 4.326 % | 82.26 | 3.6 | 4.576 % |
| 2015 | 41.54 | -6.77 | -14.006 % | 84 | 1.74 | 2.112 % |
| 2016 | 42.97 | 1.43 | 3.442 % | 88.54 | 4.55 | 5.412 % |
| 2017 | 47.76 | 4.79 | 11.138 % | 95.49 | 6.95 | 7.844 % |
| 2018 | 54.26 | 6.51 | 13.621 % | 102.88 | 7.39 | 7.738 % |
| 2019 | 55.12 | 0.86 | 1.585 % | 114.03 | 11.15 | 10.839 % |
| 2020 | 57.41 | 2.29 | 4.154 % | 115.96 | 1.93 | 1.696 % |
| 2021 | 67.04 | 9.63 | 16.765 % | 128.83 | 12.87 | 11.096 % |
| 2022 | 71.03 | 4 | 5.962 % | 142.99 | 14.16 | 10.994 % |
| 2023 | 79.79 | 8.76 | 12.327 % | 146.21 | 3.21 | 2.247 % |
| 2024 | 84.87 | 5.08 | 6.366 % | 157.15 | 10.95 | 7.486 % |
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%.