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Economy of China vs Lithuania compared: GDP & Debt

Updated on by Georank team

China has a GDP of $18.7T compared to $84.9B for Lithuania, ranking 2/197 and 79/197 by economy size, respectively.

China has $16.6T in government debt (88.3% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

China vs Lithuania GDP by year

China
Lithuania
1x
Year GDP, current $
China Lithuania
2024 $18,743,803,170,827 $84,869,215,513
2023 $18,270,356,654,533 $79,789,877,416
2022 $18,316,765,021,690 $71,033,884,500
2021 $18,201,698,719,564 $67,037,321,009
2020 $14,996,414,166,715 $57,412,038,533
2019 $14,560,167,101,283 $55,122,066,226
2018 $14,147,765,772,964 $54,261,795,149
2017 $12,537,559,062,283 $47,756,764,508
2016 $11,456,024,084,962 $42,970,749,245
2015 $11,280,814,787,469 $41,540,954,817
2014 $10,674,533,168,257 $48,306,546,657
2013 $9,743,124,247,267 $46,303,660,422
2012 $8,673,664,713,189 $42,709,372,067
2011 $7,671,757,207,851 $43,186,501,863
2010 $6,192,564,874,453 $36,638,128,534
2009 $5,189,577,094,998 $37,494,380,039
2008 $4,667,346,414,522 $47,831,254,208
2007 $3,604,055,822,572 $39,729,151,615
2006 $2,791,498,472,804 $30,116,192,747
2005 $2,317,551,298,052 $26,105,207,115
2004 $1,984,196,551,300 $22,743,164,431
2003 $1,683,903,309,844 $18,809,197,970
2002 $1,489,821,682,051 $14,282,292,665
2001 $1,355,036,590,252 $12,260,761,329
2000 $1,223,754,919,971 $11,550,695,727
1999 $1,103,843,203,576 $11,022,095,814
1998 $1,037,134,141,760 $11,289,161,847
1997 $967,753,570,435 $10,168,271,903
1996 $868,523,936,530 $8,430,207,164
1995 $738,190,896,228 $7,921,210,340
1994 $566,929,539,493 -
1993 $446,557,291,212 -
1992 $428,502,354,788 -
1991 $384,510,452,962 -
1990 $361,560,229,446 -
1989 $348,380,566,802 -
1988 $312,888,888,889 -
1987 $273,455,156,951 -
1986 $301,310,144,928 -
1985 $310,064,625,850 -
1984 $260,442,857,143 -
1983 $231,130,268,199 -
1982 $205,480,916,031 -
1981 $196,218,253,968 -
1980 $191,487,500,000 -
1979 $178,573,913,043 -
1978 $149,788,617,886 -
1977 $175,226,595,860 -
1976 $154,196,810,059 -
1975 $163,687,619,736 -
1974 $144,418,433,058 -
1973 $138,764,340,892 -
1972 $113,871,930,714 -
1971 $99,959,013,880 -
1970 $92,752,930,873 -
1969 $79,847,786,729 -
1968 $70,980,323,819 -
1967 $73,011,350,596 -
1966 $76,854,053,259 -
1965 $70,565,994,356 -
1964 $59,821,862,703 -
1963 $50,812,227,919 -
1962 $47,310,737,754 -
1961 $50,162,299,350 -
1960 $59,846,235,025 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/lithuania | CC BY

GDP per capita in China vs Lithuania by year

China
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
China Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $13,303 $27,105 $29,384 $55,286
2023 $12,951 $25,179 $27,786 $52,348
2022 $12,971 $23,032 $25,086 $50,936
2021 $12,887 $20,843 $23,870 $45,874
2020 $10,627 $18,267 $20,429 $41,263
2019 $10,343 $17,601 $19,609 $40,564
2018 $10,086 $16,298 $19,247 $36,492
2017 $8,980 $15,022 $16,800 $31,305
2016 $8,255 $14,157 $14,934 $28,699
2015 $8,175 $13,463 $14,270 $26,949
2014 $7,781 $12,942 $16,446 $26,275
2013 $7,147 $12,228 $15,637 $24,890
2012 $6,405 $11,420 $14,288 $23,275
2011 $5,704 $10,457 $14,262 $21,558
2010 $4,629 $9,411 $11,829 $18,719
2009 $3,898 $8,448 $11,854 $17,055
2008 $3,523 $7,713 $14,956 $19,410
2007 $2,735 $6,935 $12,295 $17,969
2006 $2,129 $5,946 $9,210 $15,522
2005 $1,778 $5,148 $7,857 $13,951
2004 $1,531 $4,505 $6,735 $12,605
2003 $1,307 $4,007 $5,507 $11,660
2002 $1,164 $3,591 $4,148 $10,296
2001 $1,065 $3,258 $3,533 $9,399
2000 $969 $2,964 $3,301 $8,475
1999 $881 $2,690 $3,128 $7,918
1998 $835 $2,483 $3,181 $7,846
1997 $787 $2,297 $2,844 $7,167
1996 $713 $2,088 $2,341 $6,479
1995 $613 $1,884 $2,183 $6,023
1994 $476 $1,680 - $5,667
1993 $379 $1,471 - $6,107
1992 $368 $1,276 - $7,087
1991 $334 $1,105 - $8,790
1990 $319 $991 - $9,030
1989 $311 - - -
1988 $284 - - -
1987 $252.3 - - -
1986 $282.4 - - -
1985 $295 - - -
1984 $251.2 - - -
1983 $225.9 - - -
1982 $203.7 - - -
1981 $197.4 - - -
1980 $195.1 - - -
1979 $184.3 - - -
1978 $156.7 - - -
1977 $185.7 - - -
1976 $165.7 - - -
1975 $178.6 - - -
1974 $160.4 - - -
1973 $157.3 - - -
1972 $132.1 - - -
1971 $118.8 - - -
1970 $113.3 - - -
1969 $100.3 - - -
1968 $91.6 - - -
1967 $96.8 - - -
1966 $104.5 - - -
1965 $98.7 - - -
1964 $85.7 - - -
1963 $74.5 - - -
1962 $71.1 - - -
1961 $76 - - -
1960 $89.7 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/lithuania | CC BY

China's GDP per capita is $13,303, ranking 76/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), China ranks 77th at $27,105, while Lithuania ranks 39th at $55,286.

Economic indicators

China Lithuania
Gross domestic product
$18.7T
2024
$84.9B
2024
GDP rank
2/197
2024
79/197
2024
GDP growth
4.98%
2023-2024
2.77%
2023-2024
GDP per capita
$13,303
2024
$29,384
2024
GDP per capita rank
76/197
2024
43/197
2024
GDP per capita, PPP
$27,105
2024
$55,286
2024
GDP per capita PPP rank
77/197
2024
39/197
2024
Government debt
$16.6T
2024
$32.4B
2024
Debt-to-GDP ratio
88.3%
2024
38.2%
2024
Government debt per person
$11,749
2024
$11,232
2024
Government debt per person rank
47/185
2024
49/185
2024
Average annual personal income after taxes
$9,826
2026
$19,946
2026
Market capitalization of domestic companies
$11.8T
2024
n/a
Number of millionaires
6,327,000
2025
n/a
Number of billionaires
450
2025
n/a
Income share by richest 10%
28.4%
2022
27.3%
2023
Income share by poorest 10%
3.1%
2022
2.2%
2023
Government expenditure, % of GDP
32.9%
2024
39.5%
2024
Consumer prices inflation
0.2%
2023-2024
0.72%
2023-2024
Central bank interest rate
3.1%
2024
n/a
Unemployment rate
5.11%
2021
7.1%
2024
Population
1402578808
2829914

Spending and national debt comparison by year

China
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
China Lithuania
Government spending Government debt Government spending Government debt
2024 32.9% 88.3% 39.5% 38.2%
2023 32.7% 82% 37.4% 37.3%
2022 32.6% 75.5% 36.3% 38.1%
2021 31.9% 70.1% 37.3% 43.3%
2020 34.8% 69% 42.4% 45.9%
2019 33.6% 59.4% 34.6% 35.6%
2018 32.6% 55.6% 33.8% 33.3%
2017 32% 53.9% 33.4% 39.3%
2016 31.7% 49.7% 34.5% 40%
2015 31% 40.8% 35.2% 42.6%
2014 28.4% 39.3% 35% 40.7%
2013 28.1% 36.4% 35.7% 38.9%
2012 27.7% 33.8% 36.6% 39.9%
2011 26.6% 33.2% 40.1% 37.5%
2010 24.7% 33.3% 43% 36.7%
2009 25.2% 34% 44.8% 27.9%
2008 22.2% 26.7% 38.2% 14.6%
2007 17.9% 28.7% 35.3% 15.9%
2006 18.1% 25.2% 34.4% 17.3%
2005 18% 25.9% 34.1% 17.6%
2004 17.6% 26% 33.9% 18.6%
2003 18% 26.4% 32.8% 20.4%
2002 18.2% 25.6% 34.4% 22.1%
2001 17.2% 24.3% 36.5% 22.9%
2000 16.1% 22.7% 38.7% 23.5%
1999 14.9% 21.6% 42.4% 28%
1998 12.6% 20.4% 39.6% 21.7%
1997 11.5% 20.4% 35% -
1996 11% 21.2% 34.4% -
1995 11.1% 21.4% 35.5% -
1994 12.4% - - -
1993 13.4% - - -
1992 14.6% - - -
1991 16.5% - - -
1990 18.2% - - -
1989 18.6% - - -
1988 20.9% 4.46% - -
1987 23.4% 3.6% - -
1986 25.6% 3.24% - -
1985 25.8% 3.31% - -
1984 26.9% 0.97% - -
1983 28.3% - - -
1982 27.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/lithuania | CC BY

In 2024, China's government spending was $6.18T, accounting for 32.9% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 88.3% in China and 38.2% in Lithuania, ranking 34/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
China

Lithuania
1x
Year Deficit/surplus, % of GDP
China Lithuania
2024 -7.34% -1.28%
2023 -6.71% -0.69%
2022 -7.32% -0.72%
2021 -5.9% -1.15%
2020 -9.56% -6.42%
2019 -6% 0.41%
2018 -4.2% 0.52%
2017 -3.34% 0.36%
2016 -3.33% 0.03%
2015 -2.5% -0.77%
2014 -0.67% -1.79%
2013 -0.82% -2.69%
2012 -0.3% -3.15%
2011 -0.1% -5.92%
2010 -0.36% -6.95%
2009 -1.72% -9.09%
2008 -0.02% -3.09%
2007 0.06% -0.82%
2006 -1.13% -0.27%
2005 -1.38% -0.34%
2004 -1.49% -1.39%
2003 -2.36% -1.26%
2002 -2.84% -1.85%
2001 -2.56% -3.52%
2000 -2.81% -3.18%
1999 -2.3% -7.82%
1998 -1.08% -4.93%
1997 -0.73% -0.76%
1996 -0.73% -3.59%
1995 -0.94% -3.31%
1994 -1.68% -
1993 -0.89% -
1992 -1.22% -
1991 -1.04% -
1990 -0.72% -
1989 -0.91% -
1988 -2.22% -
1987 -2.08% -
1986 -1.82% -
1985 -0.45% -
1984 -1.44% -
1983 -1.61% -
1982 -1.33% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20).

GeoRank.org/economy/china/lithuania | CC BY

In 2024, China's government deficit, the difference between spending and revenue, was $1.38T, equivalent to 7.34% of GDP. This compares to Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, China recorded a fiscal deficit in 29 of those years, while Lithuania ran a deficit in 26 years. On average, China posted an annual deficit equal to 2.68% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
China

Lithuania
1x
Year Consumer prices inflation
China Lithuania
2024 0.2% 0.72%
2023 0.2% 9.12%
2022 2% 19.7%
2021 0.9% 4.68%
2020 2.5% 1.2%
2019 2.9% 2.33%
2018 2.1% 2.7%
2017 1.6% 3.72%
2016 2% 0.91%
2015 1.5% -0.88%
2014 2% 0.1%
2013 2.7% 1.05%
2012 2.6% 3.09%
2011 5.4% 4.13%
2010 3.3% 1.32%
2009 -0.7% 4.45%
2008 5.9% 10.9%
2007 4.7% 5.74%
2006 1.5% 3.74%
2005 1.8% 2.66%
2004 3.9% 1.16%
2003 1.1% -1.13%
2002 -0.8% 0.28%
2001 0.7% 1.37%
2000 0.4% 0.98%
1999 -1.4% 0.73%
1998 -0.8% 5.07%
1997 2.8% 8.88%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/china/lithuania | CC BY

Over the past 28 years, China has recorded an average annual inflation rate of 1.82%, compared with 3.53% in Lithuania. In 2024, inflation was 0.2% in China and 0.72% in Lithuania.

Top exports between countries

China
Export category Export value
Machinery & equipment $1.03B
Textiles & consumer goods $322M
Chemicals & pharma $211M
Metals $135M
Raw materials & minerals $88.8M
Miscellaneous $84.3M
Processed food, beverages & tobacco $63M
Wood & paper products $22.2M
Raw agricultural goods $19.4M
Animal & marine products $5.71M
Lithuania
Export category Export value
Raw agricultural goods $77M
Machinery & equipment $68.2M
Chemicals & pharma $59.7M
Textiles & consumer goods $36.2M
Metals $35.6M
Wood & paper products $22.4M
Transport & tourism services $6.46M
IT & IP services $5.06M
Animal & marine products $4.77M
Manufacturing & construction services $3.16M

Balance of trade

China Lithuania
Current account balance
$424B
2024
$2.77B
2024
Current account balance ranking
1/190
2024
41/190
2024
Current account balance, % of GDP
+2.26%
2024
+3.27%
2024
Goods imports
$2.64T
2024
$43.8B
2024
Goods exports
$3.41T
2024
$38.9B
2024
Service imports
$613B
2024
$14.7B
2024
Service exports
$384B
2024
$24.3B
2024
Imports of goods and services, % of GDP
17.2%
2024
68.9%
2024
Exports of goods and services, % of GDP
20%
2024
74.1%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

China Lithuania
Economic freedom 48.3 75.3
Economic freedom ranking 170/197 18/197
Property rights 40.9 91.8
Government integrity 42.3 71.4
Judicial effectiveness 38.6 73.2
Tax burden 69.3 76.2
Government spending 67.8 57.3
Fiscal health 4.4 95.8
Business freedom 68.7 84.2
Labor freedom 57.9 58.1
Monetary freedom 76.1 76.7
Trade freedom 73.4 79.4
Investment freedom 20 70
Financial freedom 20 70

Economic freedom comparison by year

China
Lithuania
1x
Year Economic freedom index
China Lithuania
2026 48.3 75.3
2025 49 74.6
2024 48.5 72.9
2023 48.3 72.2
2022 48 75.8
2021 58.4 76.9
2020 59.5 76.7
2019 58.4 74.2
2018 57.8 75.3
2017 57.4 75.8
2016 52 75.2
2015 52.7 74.7
2014 52.5 73
2013 51.9 72.1
2012 51.2 71.5
2011 52 71.3
2010 51 70.3
2009 53.2 70
2008 53.1 70.9
2007 52 71.5
2006 53.6 71.8
2005 53.7 70.5
2004 52.5 72.4
2003 52.6 69.7
2002 52.8 66.1
2001 52.6 65.5
2000 56.4 61.9
1999 54.8 61.5
1998 53.1 59.4
1997 51.7 57.3
1996 51.3 49.7
1995 52 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/china/lithuania | CC BY

The Economic Freedom Index for China is 48.3, ranking 170/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

China Lithuania
Services, % of GDP
56.7%
2024
63.6%
2024
Industry, % of GDP
36.5%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
6.78%
2024
2.57%
2024
GNI, Atlas method
$19.3T
2024
$78.4B
2024
GNI per capita, PPP
$26,920
2024
$53,920
2024
Total reserves including gold
$3.46T
2024
$7.41B
2024
Total reserves ranking
1/177
2024
86/177
2024
Net foreign direct investment
$154B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$18.6B
2024
$4.7B
2024
Net outflows of foreign direct investment
$172B
2024
$795M
2024
Servicing debt to the IMF, % of GNI
1.89%
2024
n/a
Poverty at national poverty lines
0%
2020
20.9%
2021
Gross capital formation, % of GDP
40.6%
2024
20.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/china/lithuania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1982–1989, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.