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Economy of Ireland vs Lithuania compared: GDP & Debt

Updated on by Georank

Ireland has a GDP of $722B compared to $95.2B for Lithuania, ranking 24/197 and 79/197 by economy size, respectively.

Ireland has $238B in government debt (32.9% of GDP), compared to $37.9B (39.8% of GDP) in Lithuania.

Ireland vs Lithuania GDP by year

Ireland
Lithuania
1x
Year GDP, current $
Ireland Lithuania
2025 $721,701,359,046 $95,210,150,818
2024 $609,157,459,747 $85,503,938,574
2023 $567,372,737,459 $80,356,613,555
2022 $548,341,794,599 $70,639,687,326
2021 $530,394,123,830 $67,072,165,721
2020 $436,009,027,819 $57,412,038,533
2019 $407,211,793,801 $55,122,066,226
2018 $395,780,319,817 $54,261,795,149
2017 $348,355,212,569 $47,756,764,508
2016 $305,431,252,709 $42,970,749,245
2015 $302,101,388,556 $41,540,954,817
2014 $266,490,442,124 $48,306,546,657
2013 $242,924,245,719 $46,303,660,422
2012 $226,921,827,888 $42,709,372,067
2011 $240,975,871,047 $43,186,501,863
2010 $221,732,824,603 $36,638,128,534
2009 $236,443,115,854 $37,494,380,039
2008 $275,447,471,451 $47,831,254,208
2007 $270,079,279,420 $39,729,151,615
2006 $232,180,617,162 $30,116,192,747
2005 $211,876,989,656 $26,105,207,115
2004 $194,372,115,041 $22,743,164,431
2003 $164,670,771,260 $18,809,197,970
2002 $128,596,035,288 $14,282,292,665
2001 $109,346,669,230 $12,260,761,329
2000 $100,207,610,430 $11,550,695,727
1999 $98,893,958,263 $11,022,095,814
1998 $90,199,410,116 $11,289,161,847
1997 $82,856,648,758 $10,168,271,903
1996 $75,790,786,290 $8,430,207,164
1995 $69,139,823,232 $7,921,210,340
1994 $57,097,656,066 -
1993 $52,417,477,614 -
1992 $55,918,538,121 -
1991 $49,787,501,584 -
1990 $49,305,632,408 -
1989 $39,238,392,678 -
1988 $37,772,896,221 -
1987 $33,920,518,493 -
1986 $28,714,571,852 -
1985 $21,270,013,326 -
1984 $20,106,648,455 -
1983 $20,766,047,764 -
1982 $21,474,752,962 -
1981 $20,670,190,138 -
1980 $21,747,855,640 -
1979 $18,319,334,300 -
1978 $14,647,996,074 -
1977 $11,248,340,431 -
1976 $9,453,756,015 -
1975 $9,483,808,362 -
1974 $7,896,860,615 -
1973 $7,481,173,066 -
1972 $6,318,060,582 -
1971 $5,098,250,287 -
1970 $4,395,995,086 -
1969 $3,902,721,632 -
1968 $3,378,701,147 -
1967 $3,445,739,915 -
1966 $3,198,820,904 -
1965 $3,035,655,794 -
1964 $2,851,091,646 -
1963 $2,505,073,358 -
1962 $2,329,372,972 -
1961 $2,151,772,980 -
1960 $1,998,550,222 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Ireland vs Lithuania by year

Ireland
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ireland Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $131,592 - $32,959 -
2024 $112,895 $133,437 $29,604 $55,286
2023 $106,819 $129,683 $27,983 $52,348
2022 $105,191 $138,523 $24,947 $50,936
2021 $103,783 $116,904 $23,883 $45,874
2020 $86,514 $97,800 $20,429 $41,263
2019 $81,828 $92,023 $19,609 $40,564
2018 $80,804 $86,299 $19,247 $36,492
2017 $72,161 $80,450 $16,800 $31,305
2016 $64,130 $73,013 $14,934 $28,699
2015 $64,250 $71,588 $14,270 $26,949
2014 $57,215 $52,641 $16,446 $26,275
2013 $52,538 $48,839 $15,637 $24,890
2012 $49,336 $46,726 $14,288 $23,275
2011 $52,614 $45,526 $14,262 $21,558
2010 $48,624 $43,212 $11,829 $18,719
2009 $52,133 $41,491 $11,854 $17,055
2008 $61,353 $44,169 $14,956 $19,410
2007 $61,396 $46,782 $12,295 $17,969
2006 $54,329 $44,223 $9,210 $15,522
2005 $50,933 $40,466 $7,857 $13,951
2004 $47,754 $38,729 $6,735 $12,605
2003 $41,204 $36,280 $5,507 $11,660
2002 $32,705 $35,222 $4,148 $10,296
2001 $28,282 $32,573 $3,533 $9,399
2000 $26,335 $30,216 $3,301 $8,475
1999 $26,338 $27,041 $3,128 $7,918
1998 $24,295 $25,094 $3,181 $7,846
1997 $22,551 $22,637 $2,844 $7,167
1996 $20,836 $20,482 $2,341 $6,479
1995 $19,158 $18,944 $2,183 $6,023
1994 $15,903 $17,011 - $5,667
1993 $14,657 $15,811 - $6,107
1992 $15,714 $15,116 - $7,087
1991 $14,087 $14,399 - $8,790
1990 $14,031 $13,743 - $9,030
1989 $11,176 - - -
1988 $10,716 - - -
1987 $9,582 - - -
1986 $8,112 - - -
1985 $6,012 - - -
1984 $5,692 - - -
1983 $5,915 - - -
1982 $6,161 - - -
1981 $5,986 - - -
1980 $6,372 - - -
1979 $5,430 - - -
1978 $4,400 - - -
1977 $3,427 - - -
1976 $2,920 - - -
1975 $2,973 - - -
1974 $2,517 - - -
1973 $2,424 - - -
1972 $2,080 - - -
1971 $1,704 - - -
1970 $1,487 - - -
1969 $1,331 - - -
1968 $1,159 - - -
1967 $1,187 - - -
1966 $1,107 - - -
1965 $1,055 - - -
1964 $995 - - -
1963 $878 - - -
1962 $821 - - -
1961 $762 - - -
1960 $707 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Ireland's GDP per capita is $131,592, ranking 4/197, compared to $32,959 in Lithuania, ranking 39/197. Adjusted for purchasing power (GDP per capita PPP), Ireland ranks 4th at $133,437, while Lithuania ranks 39th at $55,286.

Economic indicators

Ireland Lithuania
Gross domestic product
$722B
2025
$95.2B
2025
GDP rank
24/197
2025
79/197
2025
GDP growth
12.3%
2024-2025
2.92%
2024-2025
GDP per capita
$131,592
2025
$32,959
2025
GDP per capita rank
4/197
2025
39/197
2025
GDP per capita, PPP
$133,437
2024
$55,286
2024
GDP per capita PPP rank
4/197
2024
39/197
2024
Government debt
$238B
2025
$37.9B
2025
Debt-to-GDP ratio
32.9%
2025
39.8%
2025
Government debt per person
$43,334
2025
$13,127
2025
Government debt per person rank
14/185
2025
49/185
2025
Average annual personal income after taxes
$47,174
2026
$20,453
2026
Market capitalization of domestic companies
$110B
2018
n/a
Number of millionaires
192,000
2026
n/a
Number of billionaires
11
2026
n/a
Income share by richest 10%
24.1%
2023
27.3%
2023
Income share by poorest 10%
3.7%
2023
2.2%
2023
Government expenditure, % of GDP
21.6%
2025
41.2%
2025
Consumer prices inflation
2.21%
2024-2025
3.79%
2024-2025
Unemployment rate
4.7%
2025
6.9%
2025
Population
5562212
2845693

Spending and national debt comparison by year

Ireland
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Ireland Lithuania
Government spending Government debt Government spending Government debt
2025 21.6% 32.9% 41.2% 39.8%
2024 22.4% 38.3% 39.4% 38%
2023 22.2% 41.8% 37.2% 37.1%
2022 20.7% 42.9% 36.6% 38.3%
2021 23.5% 52.4% 37.3% 43.3%
2020 26.7% 56.9% 42.4% 45.9%
2019 23.9% 55.8% 34.6% 35.6%
2018 24.7% 61.3% 33.8% 33.3%
2017 25.3% 65.2% 33.4% 39.1%
2016 27.5% 72.7% 34.5% 39.8%
2015 28.1% 74% 35.2% 42.4%
2014 36.6% 101.4% 35% 40.7%
2013 39.8% 117.7% 35.7% 38.9%
2012 42.3% 118.9% 36.6% 39.9%
2011 46.9% 109.6% 40.1% 37.5%
2010 64.9% 86.2% 43% 36.7%
2009 46.9% 61.8% 44.8% 27.9%
2008 41.6% 42.5% 38.2% 14.6%
2007 35.6% 23.9% 35.3% 15.9%
2006 33.6% 23.7% 34.4% 17.3%
2005 33% 26.1% 34.1% 17.6%
2004 32.8% 28.1% 33.9% 18.6%
2003 32.7% 29.8% 32.8% 20.4%
2002 32.9% 30.9% 34.4% 22.1%
2001 32.2% 33.6% 36.5% 22.9%
2000 30.6% 36.4% 38.7% 23.5%
1999 32.5% 46.6% 42.4% 28%
1998 34.2% 51.4% 39.6% 21.7%
1997 36.1% 61.6% 35.1% -
1996 38.5% 69.8% 34.4% -
1995 40.3% 78.5% 35.5% -
1994 43.9% 88% - -
1993 44.6% 93.4% - -
1992 44.8% 90.6% - -
1991 44.4% 93.8% - -
1990 42.8% 92.7% - -
1989 42.5% 97.9% - -
1988 48.2% 106.5% - -
1987 51.4% 108.3% - -
1986 52.9% 107.2% - -
1985 53.2% 93% - -
1984 52.7% 90.2% - -
1983 55.6% 86.1% - -
1982 56.7% 73.5% - -
1981 54.1% 68.8% - -
1980 53.7% 64.6% - -
1979 48.7% 63.5% - -
1978 46.2% 50.6% - -
1977 44.6% 49.2% - -
1976 47.8% 51.7% - -
1975 48.2% 48.3% - -
1974 44.3% 43.5% - -
1973 40.3% 35.1% - -
1972 41.5% 37.3% - -
1971 45.3% 39.8% - -
1970 44.1% 41.7% - -
1969 42.5% 42.6% - -
1968 40% 44.7% - -
1967 39.3% 47.1% - -
1966 36.9% 47.7% - -
1965 35.8% 44.6% - -
1964 34.8% 43.1% - -
1963 33.6% 45.2% - -
1962 31.7% 44.5% - -
1961 31.4% 44.3% - -
1960 29.1% 44.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Ireland's government spending was $156B, accounting for 21.6% of its GDP, while Lithuania spent $39.2B, or 41.2% of GDP.

Debt-to-GDP ratio is 32.9% in Ireland and 39.8% in Lithuania, ranking 149/185 and 135/185, respectively.

Government deficit by year

Deficit/surplus
Ireland

Lithuania
1x
Year Deficit/surplus, % of GDP
Ireland Lithuania
2025 1.54% -2.18%
2024 4.02% -1.28%
2023 1.36% -0.66%
2022 1.58% -0.72%
2021 -1.31% -1.15%
2020 -4.87% -6.42%
2019 0.41% 0.41%
2018 0.09% 0.52%
2017 -0.3% 0.36%
2016 -0.76% 0.03%
2015 -1.97% -0.77%
2014 -3.52% -1.79%
2013 -6.28% -2.69%
2012 -8.42% -3.15%
2011 -13.5% -5.92%
2010 -32.1% -6.95%
2009 -13.9% -9.09%
2008 -7.03% -3.09%
2007 0.27% -0.82%
2006 2.78% -0.27%
2005 1.57% -0.34%
2004 1.3% -1.39%
2003 0.35% -1.26%
2002 -0.52% -1.85%
2001 0.96% -3.52%
2000 4.86% -3.18%
1999 3.54% -7.82%
1998 2.07% -4.93%
1997 1.37% -0.76%
1996 -0.2% -3.58%
1995 -2.07% -3.31%
1994 -1.98% -
1993 -2.7% -
1992 -2.92% -
1991 -2.82% -
1990 -2.77% -
1989 -2.64% -
1988 -4.62% -
1987 -8.47% -
1986 -10.5% -
1985 -10.7% -
1984 -9.43% -
1983 -11.5% -
1982 -13.1% -
1981 -12.1% -
1980 -11.1% -
1979 -10% -
1978 -8.27% -
1977 -6.44% -
1976 -7.34% -
1975 -11.1% -
1974 -6.96% -
1973 -3.84% -
1972 -3.23% -
1971 -3.5% -
1970 -3.64% -
1969 -3.4% -
1968 -2.72% -
1967 -2.69% -
1966 -2.26% -
1965 -3.5% -
1964 -3.35% -
1963 -2.92% -
1962 -2.91% -
1961 -2.6% -
1960 -1.97% -
1959 -2.16% -
1958 -4.3% -
1957 -5.19% -
1956 -3.23% -
1955 -5.06% -
1954 -5.28% -
1953 -5.77% -
1952 -7.84% -
1951 -4.62% -
1950 -5.21% -
1949 -2.17% -
1948 -1.29% -
1947 -1.8% -
1946 -0.43% -
1945 -0.43% -
1944 0.39% -
1943 -1.18% -
1942 -2.48% -
1941 -1.42% -
1940 -0.15% -
1939 -7.31% -
1938 -0.92% -
1937 -0.77% -
1936 -0.19% -
1935 - -
1934 - -
1933 2.97% -
1932 - -
1931 -1.63% -
1930 - -
1929 -3.41% -
1928 - -
1927 - -
1926 -1.95% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Ireland's government surplus, the difference between spending and revenue, was $11.2B, equivalent to 1.54% of GDP. This compares to Lithuania's deficit of $2.08B, or 2.18% of GDP.

Over the past 31 years, Ireland recorded a fiscal deficit in 15 of those years, while Lithuania ran a deficit in 27 years. On average, Ireland posted an annual deficit equal to 2.22% of GDP, compared to deficit of 2.5% of GDP for Lithuania.

Inflation comparison by year

Inflation
Ireland

Lithuania
1x
Year Consumer prices inflation
Ireland Lithuania
2025 2.21% 3.79%
2024 2.11% 0.72%
2023 6.3% 9.12%
2022 7.83% 19.7%
2021 2.34% 4.68%
2020 -0.33% 1.2%
2019 0.94% 2.33%
2018 0.47% 2.7%
2017 0.36% 3.72%
2016 0.02% 0.91%
2015 -0.33% -0.88%
2014 0.19% 0.1%
2013 0.52% 1.05%
2012 1.69% 3.09%
2011 2.55% 4.13%
2010 -0.92% 1.32%
2009 -4.45% 4.45%
2008 4.04% 10.9%
2007 4.89% 5.74%
2006 3.94% 3.74%
2005 2.46% 2.66%
2004 2.18% 1.16%
2003 3.49% -1.13%
2002 4.63% 0.28%
2001 4.85% 1.37%
2000 5.58% 0.98%
1999 1.63% 0.73%
1998 2.41% 5.07%
1997 1.54% 8.88%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Ireland has recorded an average annual inflation rate of 2.18%, compared with 3.54% in Lithuania. In 2025, inflation was 2.21% in Ireland and 3.79% in Lithuania.

Top exports between countries

Ireland
Export category Export value
Transport & tourism services $89.8M
Chemicals & pharma $53.5M
Machinery & equipment $33.2M
Business & finance services $24.9M
Processed food, beverages & tobacco $12.4M
Animal & marine products $3.23M
Textiles & consumer goods $3.02M
Metals $1.52M
Wood & paper products $1.26M
Raw materials & minerals $495K
Lithuania
Export category Export value
Transport & tourism services $122M
Business & finance services $84.3M
IT & IP services $83.2M
Chemicals & pharma $44.7M
Textiles & consumer goods $37.4M
Machinery & equipment $31.5M
Wood & paper products $23.7M
Processed food, beverages & tobacco $23.2M
Raw materials & minerals $22.2M
Manufacturing & construction services $18M

Balance of trade

Ireland Lithuania
Current account balance
$106B
2024
$900M
2025
Current account balance ranking
7/190
2024
51/190
2025
Current account balance, % of GDP
+17.4%
2024
+0.94%
2025
Goods imports
$165B
2024
$48.3B
2025
Goods exports
$356B
2024
$40.7B
2025
Service imports
$467B
2024
$17.5B
2025
Service exports
$526B
2024
$28.8B
2025
Imports of goods and services, % of GDP
99.9%
2025
69.1%
2025
Exports of goods and services, % of GDP
140.1%
2025
73%
2025

Economic freedom indices

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

Ireland Lithuania
Economic freedom 83.3 75.3
Economic freedom ranking 3/197 18/197
Property rights 94.4 91.8
Government integrity 84 71.4
Judicial effectiveness 95.4 73.2
Tax burden 77.7 76.2
Government spending 85.9 57.3
Fiscal health 97 95.8
Business freedom 85.5 84.2
Labor freedom 61.3 58.1
Monetary freedom 79.3 76.7
Trade freedom 79.4 79.4
Investment freedom 90 70
Financial freedom 70 70

Economic freedom comparison by year

Ireland
Lithuania
1x
Year Economic freedom index
Ireland Lithuania
2026 83.3 75.3
2025 83.1 74.6
2024 82.6 72.9
2023 82 72.2
2022 82 75.8
2021 81.4 76.9
2020 80.9 76.7
2019 80.5 74.2
2018 80.4 75.3
2017 76.7 75.8
2016 77.3 75.2
2015 76.6 74.7
2014 76.2 73
2013 75.7 72.1
2012 76.9 71.5
2011 78.7 71.3
2010 81.3 70.3
2009 82.2 70
2008 82.5 70.9
2007 82.6 71.5
2006 82.2 71.8
2005 80.8 70.5
2004 80.3 72.4
2003 80.9 69.7
2002 80.5 66.1
2001 81.2 65.5
2000 76.1 61.9
1999 74.6 61.5
1998 73.7 59.4
1997 72.6 57.3
1996 68.5 49.7
1995 68.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Ireland is 83.3, ranking 3/197, 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

Ireland Lithuania
Services, % of GDP
56.7%
2025
64.8%
2025
Industry, % of GDP
37.8%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.06%
2025
2.27%
2025
GNI, Atlas method
$479B
2025
$88.1B
2025
GNI per capita, PPP
$106,310
2025
$55,010
2025
Total reserves including gold
$13.7B
2025
$7.06B
2025
Total reserves ranking
73/177
2025
90/177
2025
Net foreign direct investment
$62.3B
2024
-$2.96B
2025
Net inflows of foreign direct investment
$4.82B
2024
$4.7B
2024
Net outflows of foreign direct investment
$67.1B
2024
$795M
2024
Poverty at national poverty lines
14%
2021
20.9%
2021
Gross capital formation, % of GDP
22.9%
2025
22.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1926–1994, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.

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.