IMD World Competitiveness Booklet 2022

Lithuania Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Vilnius

65 2021

29

29

30

0.845 2021

Exchange Rate (per $)

31

32

2.78 2021 54 65.4 2021 53 43,038 2021 33 4.9 2021 32 4.63 2021 50 7.10 2021 42 1.47 2021 54 1.25 2021 26 23.7 2020 59 7.92 2020 07

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Ensure efficiency growth during post-COVID recovery and geopolitical turbulences. • Finalize the institutional reform aimed at increasing investments into high value-added sectors. • Build public sector capacity for evidence-based policy making and delivery. • Finalize the systemic tax review to remove tax-related hurdles to enterprise growth. • Take advantage of the recent cross-party agreement on education for boosting necessary reforms.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Innovation Agency Lithuania

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

11

14

20 16

20

26 24

27 27

28 27

32 29 33

33

40

41

41

49

53

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

18

18

19

19

19

20

20

20

20

21

86 Competitiveness Country Profiles