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Economy of Lithuania vs Montenegro compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $9.23B for Montenegro, ranking 79/197 and 155/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $6.19B (67.1% of GDP) in Montenegro.

Lithuania vs Montenegro GDP by year

Lithuania
Montenegro
1x
Year GDP, current $
Lithuania Montenegro
2025 $95,210,150,818 $9,232,801,465
2024 $85,503,938,574 $8,274,290,506
2023 $80,356,613,555 $7,643,318,276
2022 $70,639,687,326 $6,259,721,790
2021 $67,072,165,721 $5,822,908,964
2020 $57,412,038,533 $4,734,192,593
2019 $55,122,066,226 $5,483,622,632
2018 $54,261,795,149 $5,433,469,311
2017 $47,756,764,508 $4,803,964,684
2016 $42,970,749,245 $4,357,467,226
2015 $41,540,954,817 $4,010,884,107
2014 $48,306,546,657 $4,579,635,404
2013 $46,303,660,422 $4,422,097,042
2012 $42,709,372,067 $4,071,828,832
2011 $43,186,501,863 $4,507,127,585
2010 $36,638,128,534 $4,136,936,244
2009 $37,494,380,039 $4,159,063,347
2008 $47,831,254,208 $4,559,410,049
2007 $39,729,151,615 $3,682,586,459
2006 $30,116,192,747 $2,719,979,875
2005 $26,105,207,115 $2,258,016,380
2004 $22,743,164,431 $2,077,046,942
2003 $18,809,197,970 $1,708,196,981
2002 $14,282,292,665 $1,286,314,054
2001 $12,260,761,329 $1,159,869,246
2000 $11,550,695,727 $984,293,044
1999 $11,022,095,814 $828,950,327
1998 $11,289,161,847 $854,261,161
1997 $10,168,271,903 $838,288,806
1996 $8,430,207,164 -
1995 $7,921,210,340 -

Data sources: World Bank | Economy & Growth (1995–2025, retrieved 2026-07-08).

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

GDP per capita in Lithuania vs Montenegro by year

Lithuania
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $14,817 -
2024 $29,604 $55,286 $13,270 $34,063
2023 $27,983 $52,348 $12,258 $31,863
2022 $24,947 $50,936 $10,038 $28,050
2021 $23,883 $45,874 $9,316 $23,690
2020 $20,429 $41,263 $7,555 $20,625
2019 $19,609 $40,564 $8,749 $23,706
2018 $19,247 $36,492 $8,674 $21,084
2017 $16,800 $31,305 $7,674 $19,357
2016 $14,934 $28,699 $6,968 $18,030
2015 $14,270 $26,949 $6,421 $16,092
2014 $16,446 $26,275 $7,342 $15,276
2013 $15,637 $24,890 $7,103 $14,692
2012 $14,288 $23,275 $6,552 $13,793
2011 $14,262 $21,558 $7,266 $14,347
2010 $11,829 $18,719 $6,679 $13,612
2009 $11,854 $17,055 $6,727 $12,976
2008 $14,956 $19,410 $7,390 $13,802
2007 $12,295 $17,969 $5,979 $12,452
2006 $9,210 $15,522 $4,423 $10,440
2005 $7,857 $13,951 $3,676 $8,314
2004 $6,735 $12,605 $3,386 $7,841
2003 $5,507 $11,660 $2,790 $7,340
2002 $4,148 $10,296 $2,109 $7,100
2001 $3,533 $9,399 $1,910 $6,772
2000 $3,301 $8,475 $1,627 $6,004
1999 $3,128 $7,918 $1,368 $5,684
1998 $3,181 $7,846 $1,406 $6,170
1997 $2,844 $7,167 $1,375 $5,798
1996 $2,341 $6,479 - -
1995 $2,183 $6,023 - -
1994 - $5,667 - -
1993 - $6,107 - -
1992 - $7,087 - -
1991 - $8,790 - -
1990 - $9,030 - -

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $14,817 in Montenegro, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Montenegro ranks 65th at $34,063.

Economic indicators

Lithuania Montenegro
Gross domestic product
$95.2B
2025
$9.23B
2025
GDP rank
79/197
2025
155/197
2025
GDP growth
2.92%
2024-2025
2.74%
2024-2025
GDP per capita
$32,959
2025
$14,817
2025
GDP per capita rank
39/197
2025
71/197
2025
GDP per capita, PPP
$55,286
2024
$34,063
2024
GDP per capita PPP rank
39/197
2024
65/197
2024
Government debt
$37.9B
2025
$6.19B
2025
Debt-to-GDP ratio
39.8%
2025
67.1%
2025
Government debt per person
$13,127
2025
$9,942
2025
Government debt per person rank
49/185
2025
61/185
2025
Average annual personal income after taxes
$20,453
2026
$12,768
2026
Market capitalization of domestic companies n/a
$3.79B
2012
Income share by richest 10%
27.3%
2023
24.7%
2021
Income share by poorest 10%
2.2%
2023
2.1%
2021
Government expenditure, % of GDP
41.2%
2025
43.9%
2025
Consumer prices inflation
3.79%
2024-2025
3.9%
2024-2025
Unemployment rate
6.9%
2025
11.5%
2024
Population
2845693
613759

Spending and national debt comparison by year

Lithuania
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
Lithuania Montenegro
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 43.9% 67.1%
2024 39.4% 38% 44.1% 60.8%
2023 37.2% 37.1% 40.4% 59.6%
2022 36.6% 38.3% 42.2% 70.3%
2021 37.3% 43.3% 45.1% 86.2%
2020 42.4% 45.9% 54.9% 108.4%
2019 34.6% 35.6% 44.4% 79.6%
2018 33.8% 33.3% 47.8% 72.9%
2017 33.4% 39.1% 47.6% 66.9%
2016 34.5% 39.8% 47.7% 66.7%
2015 35.2% 42.4% 46.9% 69.5%
2014 35% 40.7% 44.3% 63.6%
2013 35.7% 38.9% 46.3% 59.2%
2012 36.6% 39.9% 45.9% 57.1%
2011 40.1% 37.5% 45.7% 49%
2010 43% 36.7% 46.7% 45.1%
2009 44.8% 27.9% 51.5% 43.9%
2008 38.2% 14.6% 51.2% 34.2%
2007 35.3% 15.9% 43.9% 31.8%
2006 34.4% 17.3% 42.6% 36.7%
2005 34.1% 17.6% 38.2% 38.6%
2004 33.9% 18.6% 40% 45.4%
2003 32.8% 20.4% 43.3% 48.6%
2002 34.4% 22.1% 37.5% 85.7%
2001 36.5% 22.9% - -
2000 38.7% 23.5% - -
1999 42.4% 28% - -
1998 39.6% 21.7% - -
1997 35.1% - - -
1996 34.4% - - -
1995 35.5% - - -

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

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

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while Montenegro spent $4.05B, or 43.9% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 67.1% in Montenegro, ranking 135/185 and 63/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Montenegro
1x
Year Deficit/surplus, % of GDP
Lithuania Montenegro
2025 -2.18% -3.61%
2024 -1.28% -3.44%
2023 -0.66% 0.38%
2022 -0.72% -4.05%
2021 -1.15% -1.37%
2020 -6.42% -10.9%
2019 0.41% -1.74%
2018 0.52% -6.3%
2017 0.36% -6.89%
2016 0.03% -6.21%
2015 -0.77% -6.03%
2014 -1.79% -0.7%
2013 -2.69% -4.54%
2012 -3.15% -5.87%
2011 -5.92% -6.79%
2010 -6.95% -4.88%
2009 -9.09% -6.74%
2008 -3.09% -2.3%
2007 -0.82% 8.44%
2006 -0.27% 4.34%
2005 -0.34% -1.42%
2004 -1.39% -2.45%
2003 -1.26% -4.06%
2002 -1.85% -1.44%
2001 -3.52% -
2000 -3.18% -
1999 -7.82% -
1998 -4.93% -
1997 -0.76% -
1996 -3.58% -
1995 -3.31% -

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

GeoRank.org/economy/lithuania/montenegro | 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 Montenegro's deficit of $334M, or 3.61% of GDP.

Over the past 24 years, Lithuania recorded a fiscal deficit in 20 of those years, while Montenegro ran a deficit in 21 years. On average, Lithuania posted an annual deficit equal to 2.1% of GDP, compared to deficit of 3.27% of GDP for Montenegro.

Inflation comparison by year

Inflation
Lithuania

Montenegro
1x
Year Consumer prices inflation
Lithuania Montenegro
2025 3.79% 3.9%
2024 0.72% 3.3%
2023 9.12% 8.6%
2022 19.7% 13%
2021 4.68% 2.4%
2020 1.2% -0.3%
2019 2.33% 0.4%
2018 2.7% 2.6%
2017 3.72% 2.4%
2016 0.91% -0.3%
2015 -0.88% 1.5%
2014 0.1% -0.7%
2013 1.05% 2.2%
2012 3.09% 4.1%
2011 4.13% 3.5%
2010 1.32% 0.4%
2009 4.45% 3.6%
2008 10.9% 9%
2007 5.74% 3.4%
2006 3.74% 2.1%
2005 2.66% 3.4%
2004 1.16% 3.1%
2003 -1.13% 7.5%
2002 0.28% 19.7%
2001 1.37% 23.7%
2000 0.98% 29.9%
1999 0.73% -
1998 5.07% -
1997 8.88% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2000–2025, retrieved 2026-07-08).

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

Over the past 26 years, Lithuania has recorded an average annual inflation rate of 3.38%, compared with 5.86% in Montenegro. In 2025, inflation was 3.79% in Lithuania and 3.9% in Montenegro.

Top exports between countries

Lithuania
Export category Export value
Machinery & equipment $2.45M
Processed food, beverages & tobacco $897K
Wood & paper products $589K
Textiles & consumer goods $537K
Raw materials & minerals $531K
Chemicals & pharma $286K
Animal & marine products $153K
Metals $63K
Precious metals & jewellery $17K
Miscellaneous $6K
Montenegro
Export category Export value
Processed food, beverages & tobacco $6.94M
Transport & tourism services $4.44M
Business & finance services $2.16M
Precious metals & jewellery $78K
Textiles & consumer goods $74K
Machinery & equipment $30K
Metals $9K
Wood & paper products $2K

Balance of trade

Lithuania Montenegro
Current account balance
$900M
2025
-$1.88B
2025
Current account balance ranking
51/190
2025
140/190
2025
Current account balance, % of GDP
+0.94%
2025
-20.4%
2025
Goods imports
$48.3B
2025
$4.91B
2025
Goods exports
$40.7B
2025
$663M
2025
Service imports
$17.5B
2025
$1.24B
2025
Service exports
$28.8B
2025
$3.07B
2025
Imports of goods and services, % of GDP
69.1%
2025
65.7%
2025
Exports of goods and services, % of GDP
73%
2025
40.1%
2025

Economic freedom indices

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

Lithuania Montenegro
Economic freedom 75.3 63.8
Economic freedom ranking 18/197 78/197
Property rights 91.8 60.9
Government integrity 71.4 49.9
Judicial effectiveness 73.2 51.5
Tax burden 76.2 88.7
Government spending 57.3 47.6
Fiscal health 95.8 86.2
Business freedom 84.2 68.4
Labor freedom 58.1 59.4
Monetary freedom 76.7 75.2
Trade freedom 79.4 78.4
Investment freedom 70 50
Financial freedom 70 50

Economic freedom comparison by year

Lithuania
Montenegro
1x
Year Economic freedom index
Lithuania Montenegro
2026 75.3 63.8
2025 74.6 63.8
2024 72.9 59.7
2023 72.2 60.9
2022 75.8 57.8
2021 76.9 63.4
2020 76.7 61.5
2019 74.2 60.5
2018 75.3 64.3
2017 75.8 62
2016 75.2 64.9
2015 74.7 64.7
2014 73 63.6
2013 72.1 62.6
2012 71.5 62.5
2011 71.3 62.5
2010 70.3 63.6
2009 70 58.2
2008 70.9 -
2007 71.5 -
2006 71.8 -
2005 70.5 -
2004 72.4 -
2003 69.7 43.5
2002 66.1 46.6
2001 65.5 -
2000 61.9 -
1999 61.5 -
1998 59.4 -
1997 57.3 -
1996 49.7 -

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Montenegro
Services, % of GDP
64.8%
2025
63.4%
2025
Industry, % of GDP
22.1%
2025
11.3%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
3.37%
2025
GNI, Atlas method
$88.1B
2025
$8.82B
2025
GNI per capita, PPP
$55,010
2025
$35,700
2025
Total reserves including gold
$7.06B
2025
$2.2B
2025
Total reserves ranking
90/177
2025
126/177
2025
Net foreign direct investment
-$2.96B
2025
-$601M
2025
Net inflows of foreign direct investment
$4.7B
2024
$599M
2024
Net outflows of foreign direct investment
$795M
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI n/a
15%
2024
Poverty at national poverty lines
20.9%
2021
20%
2023
Gross capital formation, % of GDP
22.2%
2025
26.9%
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/montenegro | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, 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.

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.