Skip to content

Economy of Lithuania vs Luxembourg compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $101B for Luxembourg, ranking 79/197 and 75/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $27.3B (27% of GDP) in Luxembourg.

Lithuania vs Luxembourg GDP by year

Lithuania
Luxembourg
1x
Year GDP, current $
Lithuania Luxembourg
2025 $95,210,150,818 $101,157,829,491
2024 $85,503,938,574 $93,279,851,863
2023 $80,356,613,555 $88,788,881,539
2022 $70,639,687,326 $80,801,680,397
2021 $67,072,165,721 $86,386,759,695
2020 $57,412,038,533 $73,670,782,100
2019 $55,122,066,226 $69,872,035,114
2018 $54,261,795,149 $71,085,623,495
2017 $47,756,764,508 $65,712,180,343
2016 $42,970,749,245 $62,216,885,436
2015 $41,540,954,817 $60,071,584,216
2014 $48,306,546,657 $68,804,814,555
2013 $46,303,660,422 $65,203,276,467
2012 $42,709,372,067 $59,776,383,527
2011 $43,186,501,863 $61,696,281,326
2010 $36,638,128,534 $56,213,985,987
2009 $37,494,380,039 $54,467,289,898
2008 $47,831,254,208 $58,844,277,702
2007 $39,729,151,615 $51,587,401,416
2006 $30,116,192,747 $42,910,153,830
2005 $26,105,207,115 $37,672,311,223
2004 $22,743,164,431 $35,064,843,793
2003 $18,809,197,970 $29,667,268,248
2002 $14,282,292,665 $23,649,832,387
2001 $12,260,761,329 $21,387,550,720
2000 $11,550,695,727 $21,230,200,538
1999 $11,022,095,814 $21,899,317,599
1998 $11,289,161,847 $20,150,055,568
1997 $10,168,271,903 $19,563,836,265
1996 $8,430,207,164 $20,895,314,658
1995 $7,921,210,340 $20,853,093,870
1994 - $17,701,798,891
1993 - $15,925,521,222
1992 - $15,518,702,635
1991 - $13,834,219,728
1990 - $12,778,792,854
1989 - $10,037,674,038
1988 - $9,418,167,855
1987 - $8,320,902,215
1986 - $6,685,595,088
1985 - $4,577,211,767
1984 - $4,438,435,493
1983 - $4,524,217,751
1982 - $4,602,316,793
1981 - $5,053,665,797
1980 - $6,019,805,490
1979 - $5,516,982,664
1978 - $4,718,539,772
1977 - $3,789,321,328
1976 - $3,423,586,207
1975 - $3,123,333,333
1974 - $3,183,637,117
1973 - $2,609,875,802
1972 - $1,901,697,370
1971 - $1,518,773,421
1970 - $1,457,768,455
1969 - $1,245,432,991
1968 - $1,075,561,623
1967 - $983,052,315
1966 - $976,717,015
1965 - $929,477,285
1964 - $910,877,686
1963 - $797,902,154
1962 - $747,846,862
1961 - $710,163,719
1960 - $709,941,874

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

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

GDP per capita in Lithuania vs Luxembourg by year

Lithuania
GDP per capita

GDP per capita, PPP
Luxembourg
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Luxembourg
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $147,252 -
2024 $29,604 $55,286 $137,782 $155,941
2023 $27,983 $52,348 $133,231 $150,508
2022 $24,947 $50,936 $123,720 $146,919
2021 $23,883 $45,874 $134,966 $136,772
2020 $20,429 $41,263 $116,860 $122,067
2019 $19,609 $40,564 $112,697 $121,372
2018 $19,247 $36,492 $116,927 $116,638
2017 $16,800 $31,305 $110,193 $114,986
2016 $14,934 $28,699 $106,899 $113,365
2015 $14,270 $26,949 $105,462 $107,860
2014 $16,446 $26,275 $123,679 $105,296
2013 $15,637 $24,890 $120,000 $100,925
2012 $14,288 $23,275 $112,585 $96,636
2011 $14,262 $21,558 $119,025 $94,475
2010 $11,829 $18,719 $110,886 $90,336
2009 $11,854 $17,055 $109,420 $86,919
2008 $14,956 $19,410 $120,422 $90,971
2007 $12,295 $17,969 $107,475 $85,126
2006 $9,210 $15,522 $90,789 $78,861
2005 $7,857 $13,951 $80,988 $68,788
2004 $6,735 $12,605 $76,545 $64,686
2003 $5,507 $11,660 $65,689 $60,192
2002 $4,148 $10,296 $53,006 $58,576
2001 $3,533 $9,399 $48,440 $56,136
2000 $3,301 $8,475 $48,660 $55,136
1999 $3,128 $7,918 $50,872 $49,845
1998 $3,181 $7,846 $47,445 $44,270
1997 $2,844 $7,167 $46,642 $42,488
1996 $2,341 $6,479 $50,444 $39,722
1995 $2,183 $6,023 $51,032 $38,345
1994 - $5,667 $43,933 $37,551
1993 - $6,107 $40,067 $35,899
1992 - $7,087 $39,571 $34,108
1991 - $8,790 $35,747 $33,191
1990 - $9,030 $33,465 $29,949
1989 - - $26,618 -
1988 - - $25,219 -
1987 - - $22,443 -
1986 - - $18,150 -
1985 - - $12,482 -
1984 - - $12,127 -
1983 - - $12,374 -
1982 - - $12,591 -
1981 - - $13,837 -
1980 - - $16,531 -
1979 - - $15,204 -
1978 - - $13,034 -
1977 - - $10,486 -
1976 - - $9,491 -
1975 - - $8,701 -
1974 - - $8,967 -
1973 - - $7,447 -
1972 - - $5,487 -
1971 - - $4,435 -
1970 - - $4,298 -
1969 - - $3,690 -
1968 - - $3,203 -
1967 - - $2,935 -
1966 - - $2,925 -
1965 - - $2,804 -
1964 - - $2,779 -
1963 - - $2,462 -
1962 - - $2,332 -
1961 - - $2,241 -
1960 - - $2,261 -

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

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

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $147,252 in Luxembourg, ranking 3/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Luxembourg ranks 1st at $155,941.

Economic indicators

Lithuania Luxembourg
Gross domestic product
$95.2B
2025
$101B
2025
GDP rank
79/197
2025
75/197
2025
GDP growth
2.92%
2024-2025
0.64%
2024-2025
GDP per capita
$32,959
2025
$147,252
2025
GDP per capita rank
39/197
2025
3/197
2025
GDP per capita, PPP
$55,286
2024
$155,941
2024
GDP per capita PPP rank
39/197
2024
1/197
2024
Government debt
$37.9B
2025
$27.3B
2025
Debt-to-GDP ratio
39.8%
2025
27%
2025
Government debt per person
$13,127
2025
$39,717
2025
Government debt per person rank
49/185
2025
18/185
2025
Average annual personal income after taxes
$20,453
2026
$71,808
2026
Market capitalization of domestic companies n/a
$69.4B
2025
Number of millionaires n/a
85,000
2026
Number of billionaires n/a
1
2026
Income share by richest 10%
27.3%
2023
25%
2023
Income share by poorest 10%
2.2%
2023
2.8%
2023
Government expenditure, % of GDP
41.2%
2025
48.3%
2025
Consumer prices inflation
3.79%
2024-2025
2.26%
2024-2025
Unemployment rate
6.9%
2025
6.5%
2025
Population
2845693
697802

Spending and national debt comparison by year

Lithuania
Spending

Debt
Luxembourg
Spending

Debt
1x
Year % of GDP
Lithuania Luxembourg
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 48.3% 27%
2024 39.4% 38% 46.8% 26.3%
2023 37.2% 37.1% 46.4% 24.7%
2022 36.6% 38.3% 44.3% 24.9%
2021 37.3% 43.3% 42.4% 24.2%
2020 42.4% 45.9% 47% 24.5%
2019 34.6% 35.6% 43.1% 22.3%
2018 33.8% 33.3% 42.3% 20.9%
2017 33.4% 39.1% 41.3% 21.8%
2016 34.5% 39.8% 40% 19.6%
2015 35.2% 42.4% 40.4% 21.1%
2014 35% 40.7% 40.6% 21.9%
2013 35.7% 38.9% 41.2% 22.4%
2012 36.6% 39.9% 41.8% 20.8%
2011 40.1% 37.5% 41.5% 18.5%
2010 43% 36.7% 42% 19.1%
2009 44.8% 27.9% 42.7% 15.3%
2008 38.2% 14.6% 37.9% 14.6%
2007 35.3% 15.9% 37.4% 8.09%
2006 34.4% 17.3% 39.4% 8.21%
2005 34.1% 17.6% 43.4% 7.95%
2004 33.9% 18.6% 43.7% 7.83%
2003 32.8% 20.4% 43.3% 7.43%
2002 34.4% 22.1% 41.8% 7.45%
2001 36.5% 22.9% 38.1% 7.62%
2000 38.7% 23.5% 38% 7.49%
1999 42.4% 28% 41.7% 8.39%
1998 39.6% 21.7% 43.9% 9.51%
1997 35.1% - 44.2% 10.1%
1996 34.4% - 42.5% 10.2%
1995 35.5% - 42% 10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while Luxembourg spent $48.8B, or 48.3% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 27% in Luxembourg, ranking 135/185 and 165/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Luxembourg
1x
Year Deficit/surplus, % of GDP
Lithuania Luxembourg
2025 -2.18% -0.96%
2024 -1.28% 0.89%
2023 -0.66% -0.65%
2022 -0.72% 0.21%
2021 -1.15% 1.11%
2020 -6.42% -3.09%
2019 0.41% 2.68%
2018 0.52% 3.17%
2017 0.36% 1.37%
2016 0.03% 1.89%
2015 -0.77% 1.3%
2014 -1.79% 1.33%
2013 -2.69% 0.84%
2012 -3.15% 0.5%
2011 -5.92% 0.65%
2010 -6.95% -0.26%
2009 -9.09% -0.21%
2008 -3.09% 3.37%
2007 -0.82% 4.35%
2006 -0.27% 1.9%
2005 -0.34% -0.21%
2004 -1.39% -1.39%
2003 -1.26% 0.28%
2002 -1.85% 2.03%
2001 -3.52% 5.62%
2000 -3.18% 5.55%
1999 -7.82% 3.24%
1998 -4.93% 2.98%
1997 -0.76% 2.65%
1996 -3.58% 2.37%
1995 -3.31% 2.71%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Lithuania's government deficit, the difference between spending and revenue, was $2.08B, equivalent to 2.18% of GDP. This compares to Luxembourg's deficit of $976M, or 0.96% of GDP.

Over the past 31 years, Lithuania recorded a fiscal deficit in 27 of those years, while Luxembourg ran a deficit in 7 years. On average, Lithuania posted an annual deficit equal to 2.5% of GDP, compared to surplus of 1.49% of GDP for Luxembourg.

Inflation comparison by year

Inflation
Lithuania

Luxembourg
1x
Year Consumer prices inflation
Lithuania Luxembourg
2025 3.79% 2.26%
2024 0.72% 2.05%
2023 9.12% 3.74%
2022 19.7% 6.34%
2021 4.68% 2.53%
2020 1.2% 0.82%
2019 2.33% 1.74%
2018 2.7% 1.53%
2017 3.72% 1.73%
2016 0.91% 0.29%
2015 -0.88% 0.47%
2014 0.1% 0.63%
2013 1.05% 1.73%
2012 3.09% 2.66%
2011 4.13% 3.41%
2010 1.32% 2.27%
2009 4.45% 0.37%
2008 10.9% 3.4%
2007 5.74% 2.31%
2006 3.74% 2.67%
2005 2.66% 2.49%
2004 1.16% 2.23%
2003 -1.13% 2.05%
2002 0.28% 2.07%
2001 1.37% 2.66%
2000 0.98% 3.15%
1999 0.73% 1.03%
1998 5.07% 0.96%
1997 8.88% 1.37%

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

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

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 3.54%, compared with 2.1% in Luxembourg. In 2025, inflation was 3.79% in Lithuania and 2.26% in Luxembourg.

Top exports between countries

Lithuania
Export category Export value
Transport & tourism services $110M
Processed food, beverages & tobacco $58.3M
Machinery & equipment $53.1M
Business & finance services $32.1M
Chemicals & pharma $15.8M
Textiles & consumer goods $7.6M
IT & IP services $5.63M
Manufacturing & construction services $2.92M
Wood & paper products $704K
Metals $315K
Luxembourg
Export category Export value
Business & finance services $65.9M
Transport & tourism services $11.9M
Machinery & equipment $11.7M
Metals $7.62M
Textiles & consumer goods $4.19M
Chemicals & pharma $3.77M
Raw agricultural goods $2.83M
Raw materials & minerals $2.35M
Processed food, beverages & tobacco $1.39M
Wood & paper products $1.01M

Balance of trade

Lithuania Luxembourg
Current account balance
$900M
2025
$5.29B
2025
Current account balance ranking
51/190
2025
31/190
2025
Current account balance, % of GDP
+0.94%
2025
+5.23%
2025
Goods imports
$48.3B
2025
$30.9B
2025
Goods exports
$40.7B
2025
$33B
2025
Service imports
$17.5B
2025
$133B
2025
Service exports
$28.8B
2025
$167B
2025
Imports of goods and services, % of GDP
69.1%
2025
159.4%
2025
Exports of goods and services, % of GDP
73%
2025
190.5%
2025

Economic freedom indices

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

Lithuania Luxembourg
Economic freedom 75.3 79.7
Economic freedom ranking 18/197 7/197
Property rights 91.8 96.6
Government integrity 71.4 88.7
Judicial effectiveness 73.2 99.1
Tax burden 76.2 62.3
Government spending 57.3 36.9
Fiscal health 95.8 98.6
Business freedom 84.2 89.5
Labor freedom 58.1 56.7
Monetary freedom 76.7 74.1
Trade freedom 79.4 79.4
Investment freedom 70 95
Financial freedom 70 80

Economic freedom comparison by year

Lithuania
Luxembourg
1x
Year Economic freedom index
Lithuania Luxembourg
2026 75.3 79.7
2025 74.6 79.5
2024 72.9 79.2
2023 72.2 78.4
2022 75.8 80.6
2021 76.9 76
2020 76.7 75.8
2019 74.2 75.9
2018 75.3 76.4
2017 75.8 75.9
2016 75.2 73.9
2015 74.7 73.2
2014 73 74.2
2013 72.1 74.2
2012 71.5 74.5
2011 71.3 76.2
2010 70.3 75.4
2009 70 75.2
2008 70.9 74.7
2007 71.5 74.6
2006 71.8 75.3
2005 70.5 76.3
2004 72.4 78.9
2003 69.7 79.9
2002 66.1 79.4
2001 65.5 80.1
2000 61.9 76.4
1999 61.5 72.4
1998 59.4 72.7
1997 57.3 72.8
1996 49.7 72.5

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 79.7 for Luxembourg, ranking 7/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Luxembourg
Services, % of GDP
64.8%
2025
81.4%
2025
Industry, % of GDP
22.1%
2025
8.88%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
0.23%
2025
GNI, Atlas method
$88.1B
2025
$65.8B
2025
GNI per capita, PPP
$55,010
2025
$106,640
2025
Total reserves including gold
$7.06B
2025
$3.06B
2025
Total reserves ranking
90/177
2025
120/177
2025
Net foreign direct investment
-$2.96B
2025
$196B
2025
Net inflows of foreign direct investment
$4.7B
2024
$106B
2024
Net outflows of foreign direct investment
$795M
2024
$109B
2024
Poverty at national poverty lines
20.9%
2021
17.3%
2021
Gross capital formation, % of GDP
22.2%
2025
15.5%
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/lithuania/luxembourg | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2023–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.