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Economy of Lithuania vs Nepal compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $42.9B for Nepal, ranking 79/197 and 101/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Lithuania vs Nepal GDP by year

Lithuania
Nepal
1x
Year GDP, current $
Lithuania Nepal
2024 $84,869,215,513 $42,914,268,287
2023 $79,789,877,416 $41,047,772,331
2022 $71,033,884,500 $41,182,939,601
2021 $67,037,321,009 $36,924,841,394
2020 $57,412,038,533 $33,433,659,301
2019 $55,122,066,226 $34,186,180,699
2018 $54,261,795,149 $33,111,525,237
2017 $47,756,764,508 $28,971,588,940
2016 $42,970,749,245 $24,524,109,484
2015 $41,540,954,817 $24,360,801,287
2014 $48,306,546,657 $22,731,612,922
2013 $46,303,660,422 $22,162,204,925
2012 $42,709,372,067 $21,703,100,877
2011 $43,186,501,863 $21,573,872,421
2010 $36,638,128,534 $16,002,656,434
2009 $37,494,380,039 $12,854,985,464
2008 $47,831,254,208 $12,545,438,605
2007 $39,729,151,615 $10,325,618,017
2006 $30,116,192,747 $9,043,715,356
2005 $26,105,207,115 $8,130,258,378
2004 $22,743,164,431 $7,273,938,315
2003 $18,809,197,970 $6,330,473,097
2002 $14,282,292,665 $6,050,875,807
2001 $12,260,761,329 $6,007,055,042
2000 $11,550,695,727 $5,494,252,208
1999 $11,022,095,814 $5,033,642,384
1998 $11,289,161,847 $4,856,255,044
1997 $10,168,271,903 $4,918,691,917
1996 $8,430,207,164 $4,521,580,381
1995 $7,921,210,340 $4,401,104,418
1994 - $4,066,775,510
1993 - $3,660,041,667
1992 - $3,401,211,581
1991 - $3,921,476,085
1990 - $3,627,560,239
1989 - $3,525,225,787
1988 - $3,487,009,748
1987 - $2,957,255,380
1986 - $2,850,782,044
1985 - $2,619,913,956
1984 - $2,581,207,388
1983 - $2,447,174,803
1982 - $2,395,423,742
1981 - $2,275,583,317
1980 - $1,945,916,583
1979 - $1,851,250,008
1978 - $1,604,162,497
1977 - $1,382,400,000
1976 - $1,452,788,985
1975 - $1,575,789,254
1974 - $1,217,953,547
1973 - $972,101,725
1972 - $1,024,098,400
1971 - $882,765,472
1970 - $865,975,309
1969 - $788,641,965
1968 - $772,231,387
1967 - $841,974,025
1966 - $906,811,944
1965 - $735,267,082
1964 - $496,098,775
1963 - $496,947,904
1962 - $574,091,101
1961 - $531,959,562
1960 - $508,334,414

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

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

GDP per capita in Lithuania vs Nepal by year

Lithuania
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $1,447 $5,737
2023 $27,786 $52,348 $1,382 $5,395
2022 $25,086 $50,936 $1,386 $5,103
2021 $23,870 $45,874 $1,253 $4,546
2020 $20,429 $41,263 $1,154 $4,236
2019 $19,609 $40,564 $1,203 $4,261
2018 $19,247 $36,492 $1,179 $3,956
2017 $16,800 $31,305 $1,034 $3,605
2016 $14,934 $28,699 $877 $2,976
2015 $14,270 $26,949 $876 $2,957
2014 $16,446 $26,275 $821 $2,901
2013 $15,637 $24,890 $803 $2,658
2012 $14,288 $23,275 $788 $2,466
2011 $14,262 $21,558 $786 $2,248
2010 $11,829 $18,719 $585 $2,139
2009 $11,854 $17,055 $473 $2,029
2008 $14,956 $19,410 $465 $1,942
2007 $12,295 $17,969 $385 $1,809
2006 $9,210 $15,522 $340 $1,718
2005 $7,857 $13,951 $309 $1,628
2004 $6,735 $12,605 $279.6 $1,542
2003 $5,507 $11,660 $246.4 $1,453
2002 $4,148 $10,296 $238.9 $1,390
2001 $3,533 $9,399 $240.8 $1,388
2000 $3,301 $8,475 $223.8 $1,317
1999 $3,128 $7,918 $208.6 $1,234
1998 $3,181 $7,846 $205.1 $1,187
1997 $2,844 $7,167 $211.8 $1,162
1996 $2,341 $6,479 $198.8 $1,110
1995 $2,183 $6,023 $197.8 $1,058
1994 - $5,667 $187.3 $1,026
1993 - $6,107 $172.8 $952
1992 - $7,087 $165 $920
1991 - $8,790 $195.7 $889
1990 - $9,030 $185.8 $830
1989 - - $185 -
1988 - - $187.1 -
1987 - - $162 -
1986 - - $159.5 -
1985 - - $149.9 -
1984 - - $151.1 -
1983 - - $146.6 -
1982 - - $147 -
1981 - - $142.9 -
1980 - - $125.1 -
1979 - - $121.9 -
1978 - - $108.1 -
1977 - - $95.3 -
1976 - - $102.5 -
1975 - - $113.6 -
1974 - - $89.8 -
1973 - - $73.2 -
1972 - - $78.8 -
1971 - - $69.5 -
1970 - - $69.6 -
1969 - - $64.8 -
1968 - - $64.9 -
1967 - - $72.3 -
1966 - - $79.5 -
1965 - - $65.8 -
1964 - - $45.3 -
1963 - - $46.3 -
1962 - - $54.6 -
1961 - - $51.6 -
1960 - - $50.2 -

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

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

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Nepal ranks 155th at $5,737.

Economic indicators

Lithuania Nepal
Gross domestic product
$84.9B
2024
$42.9B
2024
GDP rank
79/197
2024
101/197
2024
GDP growth
2.77%
2023-2024
3.67%
2023-2024
GDP per capita
$29,384
2024
$1,447
2024
GDP per capita rank
43/197
2024
164/197
2024
GDP per capita, PPP
$55,286
2024
$5,737
2024
GDP per capita PPP rank
39/197
2024
155/197
2024
Government debt
$32.4B
2024
$20.7B
2024
Debt-to-GDP ratio
38.2%
2024
48.3%
2024
Government debt per person
$11,232
2024
$700
2024
Government debt per person rank
49/185
2024
154/185
2024
Average annual personal income after taxes
$19,946
2026
$2,170
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
27.3%
2023
24.2%
2022
Income share by poorest 10%
2.2%
2023
3.7%
2022
Government expenditure, % of GDP
39.5%
2024
22.1%
2024
Consumer prices inflation
0.72%
2023-2024
4.69%
2023-2024
Unemployment rate
7.1%
2024
10.7%
2017
Population
2829914
29596762

Spending and national debt comparison by year

Lithuania
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Lithuania Nepal
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 22.1% 48.3%
2023 37.4% 37.3% 25.1% 47%
2022 36.3% 38.1% 26.1% 42.7%
2021 37.3% 43.3% 27.2% 43.3%
2020 42.4% 45.9% 28.5% 43.3%
2019 34.6% 35.6% 27.1% 34%
2018 33.8% 33.3% 28% 31.1%
2017 33.4% 39.3% 23.6% 25%
2016 34.5% 40% 19% 25%
2015 35.2% 42.6% 17.7% 25.7%
2014 35% 40.7% 16.6% 27.6%
2013 35.7% 38.9% 15.5% 31.9%
2012 36.6% 39.9% 16.8% 34.5%
2011 40.1% 37.5% 16.3% 32.4%
2010 43% 36.7% 16.5% 35.4%
2009 44.8% 27.9% 17% 39.5%
2008 38.2% 14.6% 13.4% 36.8%
2007 35.3% 15.9% 13.1% 37.9%
2006 34.4% 17.3% 11.2% 42.9%
2005 34.1% 17.6% 12% 45.1%
2004 33.9% 18.6% 11.8% 51.3%
2003 32.8% 20.4% 12% 53%
2002 34.4% 22.1% 13% 51.8%
2001 36.5% 22.9% 12.9% 50.8%
2000 38.7% 23.5% 11.4% 50.8%
1999 42.4% 28% - -
1998 39.6% 21.7% - -
1997 35% - - -
1996 34.4% - - -
1995 35.5% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 48.3% in Nepal, ranking 139/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Nepal
1x
Year Deficit/surplus, % of GDP
Lithuania Nepal
2024 -1.28% -2.76%
2023 -0.69% -5.81%
2022 -0.72% -3.12%
2021 -1.15% -3.98%
2020 -6.42% -7.47%
2019 0.41% -4.27%
2018 0.52% -5.83%
2017 0.36% -2.69%
2016 0.03% 1.2%
2015 -0.77% 0.46%
2014 -1.79% 1.36%
2013 -2.69% 1.57%
2012 -3.15% -1.18%
2011 -5.92% -0.72%
2010 -6.95% -0.67%
2009 -9.09% -2.24%
2008 -3.09% -0.29%
2007 -0.82% -0.67%
2006 -0.27% 0.24%
2005 -0.34% 0.24%
2004 -1.39% -0.14%
2003 -1.26% -0.34%
2002 -1.85% -2.46%
2001 -3.52% -2.35%
2000 -3.18% -1.48%
1999 -7.82% -
1998 -4.93% -
1997 -0.76% -
1996 -3.59% -
1995 -3.31% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

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

In 2024, Lithuania's government deficit, the difference between spending and revenue, was $1.09B, equivalent to 1.28% of GDP. This compares to Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Lithuania recorded a fiscal deficit in 21 of those years, while Nepal ran a deficit in 19 years. On average, Lithuania posted an annual deficit equal to 2.2% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Lithuania

Nepal
1x
Year Consumer prices inflation
Lithuania Nepal
2024 0.72% 4.69%
2023 9.12% 7.12%
2022 19.7% 7.67%
2021 4.68% 4.13%
2020 1.2% 5.06%
2019 2.33% 5.57%
2018 2.7% 4.41%
2017 3.72% 2.78%
2016 0.91% 8.79%
2015 -0.88% 7.87%
2014 0.1% 8.36%
2013 1.05% 9.04%
2012 3.09% 9.46%
2011 4.13% 9.23%
2010 1.32% 9.33%
2009 4.45% 11.1%
2008 10.9% 9.91%
2007 5.74% 2.27%
2006 3.74% 6.92%
2005 2.66% 6.84%
2004 1.16% 2.84%
2003 -1.13% 5.71%
2002 0.28% 3.03%
2001 1.37% 2.69%
2000 0.98% 2.48%
1999 0.73% 7.45%
1998 5.07% 11.2%
1997 8.88% 4.01%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 6.43% in Nepal. In 2024, inflation was 0.72% in Lithuania and 4.69% in Nepal.

Top exports between countries

Lithuania
Export category Export value
Machinery & equipment $264K
Raw materials & minerals $126K
Textiles & consumer goods $90K
Chemicals & pharma $12K
Metals $4K
Wood & paper products $2K
Nepal
Export category Export value
Textiles & consumer goods $142K
Precious metals & jewellery $93K
Raw agricultural goods $18K
Chemicals & pharma $15K
Machinery & equipment $8K
Wood & paper products $3K
Metals $2K

Balance of trade

Lithuania Nepal
Current account balance
$2.77B
2024
$1.68B
2024
Current account balance ranking
41/190
2024
50/190
2024
Current account balance, % of GDP
+3.27%
2024
+3.91%
2024
Goods imports
$43.8B
2024
$12.1B
2024
Goods exports
$38.9B
2024
$1.54B
2024
Service imports
$14.7B
2024
$2.27B
2024
Service exports
$24.3B
2024
$1.9B
2024
Imports of goods and services, % of GDP
68.9%
2024
32.9%
2024
Exports of goods and services, % of GDP
74.1%
2024
7.62%
2024

Economic freedom indices

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

Lithuania Nepal
Economic freedom 75.3 52.9
Economic freedom ranking 18/197 144/197
Property rights 91.8 38.8
Government integrity 71.4 38.9
Judicial effectiveness 73.2 42.9
Tax burden 76.2 84.3
Government spending 57.3 82.1
Fiscal health 95.8 71
Business freedom 84.2 60.8
Labor freedom 58.1 48.2
Monetary freedom 76.7 69.4
Trade freedom 79.4 58.6
Investment freedom 70 10
Financial freedom 70 30

Economic freedom comparison by year

Lithuania
Nepal
1x
Year Economic freedom index
Lithuania Nepal
2026 75.3 52.9
2025 74.6 52.5
2024 72.9 52.1
2023 72.2 51.4
2022 75.8 49.7
2021 76.9 50.7
2020 76.7 54.2
2019 74.2 53.8
2018 75.3 54.1
2017 75.8 55.1
2016 75.2 50.9
2015 74.7 51.3
2014 73 50.1
2013 72.1 50.4
2012 71.5 50.2
2011 71.3 50.1
2010 70.3 52.7
2009 70 53.2
2008 70.9 54.1
2007 71.5 54.4
2006 71.8 53.7
2005 70.5 51.4
2004 72.4 51.2
2003 69.7 51.5
2002 66.1 52.3
2001 65.5 51.6
2000 61.9 51.3
1999 61.5 53.1
1998 59.4 53.5
1997 57.3 53.6
1996 49.7 50.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Nepal
Services, % of GDP
63.6%
2024
55.2%
2024
Industry, % of GDP
23.4%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
21.9%
2024
GNI, Atlas method
$78.4B
2024
$43.7B
2024
GNI per capita, PPP
$53,920
2024
$5,830
2024
Total reserves including gold
$7.41B
2024
$12.5B
2023
Total reserves ranking
86/177
2024
74/177
2023
Net foreign direct investment
-$3.91B
2024
-$56.9M
2024
Net inflows of foreign direct investment
$4.7B
2024
$56.9M
2024
Net outflows of foreign direct investment
$795M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.23%
2024
Poverty at national poverty lines
20.9%
2021
20.3%
2022
Gross capital formation, % of GDP
20.4%
2024
30.4%
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/lithuania/nepal | 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 (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.