IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL LITHUANIA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Vilnius

2017 2018 2019 2020 2021

65 2020

29

0.876 2020 2.79 2020 55.7 2020 38,852 2020

30

Exchange Rate (per $)

31

32

33

57

Population - market size (millions)

CHALLENGES IN 2021 Harness the post-COVID recovery measures to build the green economy and advance digitalization. • Harness the post-COVID recovery measures to build the green economy and advance digitalization. • Increase investments into high value-added sectors of the economy to boost productivity and innovation. • Build public sector capacity for evidence-based policy making and delivery. • Reach the social and political consensus on the appropriate level of taxation required to finance the public services. • Improve the quality of the skills formation and develop a more effective talent attraction policy.

55

Gross Domestic Product (GDP) (US$ billions)

31

GDP (PPP) per capita (US$)

-0.8 2020 1.06 2020 8.50 2020 1.48 2020 8.36 2020 20.4 2019 2.88 2019

6

Real GDP growth (%)

33

Consumer price inflation (%)

48

Unemployment rate (%)

56

Labor force (millions)

4

Current account balance (% of GDP)

60

Direct investment stocks inward ($bn)

Enterprise Lithuania Provided by: Enterprise Lithuania

25

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

5

17

21

22

26

27 27

28

29 29 27

30 32

30

37

38

43

43

46

53

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

18

18

19

19

20

20

20

20

21

21

85

IMD WORLD COMPETITIVENESS BOOKLET 2021