IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL LITHUANIA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Vilnius

2016 2017 2018 2019 2020

65 2019

29

0.893 2019 2.79 2019 54.1 2019 36,897 2019

30

Exchange Rate (per $)

31

32

33

57

Population - market size (millions)

CHALLENGES IN 2020 Minimise economic damage caused by the Covid-19 pandemic. Change the structure of the economy towards the higher value- • Minimise economic damage caused by the Covid-19 pandemic. • Change the structure of the economy towards the higher value- added sectors to escape the middle-income trap. • Attract foreign direct investments in medium-high and high technologies. • Reach the social and political compromise on the appropriate size of the public sector so that public services are sufficiently financed. • Improve the quality of the skills formation and reduce the skills- mismatch.

56

Gross Domestic Product (GDP) (US$ billions)

33

GDP (PPP) per capita (US$)

3.9 2019 2.24 2019 6.30 2019 1.47 2019 4.49 2019 17.7 2018 2.50 2019

13

Real GDP growth (%)

36

Consumer price inflation (%)

41

Unemployment rate (%)

56

Labor force (millions)

15

Current account balance (% of GDP)

60

Direct investment stocks inward ($bn)

Enterprise Lithuania Provided by: Enterprise Lithuania

26

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

7

8

12

21

22

22

29

29

30

30 30

33 30

36

39

40

42

46

48

55

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

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

18

18

18

19

20

20

20

20

21

21

86

IMD WORLD COMPETITIVENESS BOOKLET 2020