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Economy of Lithuania vs Netherlands compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $1.21T for the Netherlands, ranking 79/197 and 19/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $532B (43.8% of GDP) in the Netherlands.

Lithuania vs Netherlands GDP by year

Lithuania
Netherlands
1x
Year GDP, current $
Lithuania Netherlands
2024 $84,869,215,513 $1,214,927,698,573
2023 $79,789,877,416 $1,135,475,867,551
2022 $71,033,884,500 $1,046,540,797,549
2021 $67,037,321,009 $1,054,472,123,450
2020 $57,412,038,533 $932,560,861,701
2019 $55,122,066,226 $928,903,005,576
2018 $54,261,795,149 $929,733,599,797
2017 $47,756,764,508 $848,233,537,846
2016 $42,970,749,245 $797,163,949,290
2015 $41,540,954,817 $775,743,675,303
2014 $48,306,546,657 $901,556,501,756
2013 $46,303,660,422 $883,951,539,007
2012 $42,709,372,067 $845,689,017,066
2011 $43,186,501,863 $913,140,741,333
2010 $36,638,128,534 $852,464,982,433
2009 $37,494,380,039 $878,954,223,140
2008 $47,831,254,208 $957,901,566,041
2007 $39,729,151,615 $853,499,460,873
2006 $30,116,192,747 $737,593,995,289
2005 $26,105,207,115 $688,133,699,636
2004 $22,743,164,431 $661,224,886,143
2003 $18,809,197,970 $582,435,617,082
2002 $14,282,292,665 $475,529,972,123
2001 $12,260,761,329 $432,536,219,669
2000 $11,550,695,727 $417,649,282,154
1999 $11,022,095,814 $447,778,514,140
1998 $11,289,161,847 $438,612,530,549
1997 $10,168,271,903 $417,506,211,882
1996 $8,430,207,164 $451,372,549,020
1995 $7,921,210,340 $452,967,334,614
1994 - $379,688,232,232
1993 - $354,070,495,966
1992 - $363,497,050,125
1991 - $327,982,316,124
1990 - $318,799,003,994
1989 - $258,716,904,292
1988 - $262,295,966,105
1987 - $245,406,949,521
1986 - $201,157,708,221
1985 - $144,057,523,222
1984 - $144,124,462,912
1983 - $153,671,294,109
1982 - $158,712,765,536
1981 - $164,375,775,854
1980 - $195,439,301,707
1979 - $179,933,827,310
1978 - $156,089,077,205
1977 - $127,203,923,857
1976 - $109,329,386,564
1975 - $100,397,061,694
1974 - $87,371,810,804
1973 - $71,946,639,603
1972 - $54,787,070,173
1971 - $44,644,730,576
1970 - $38,220,884,519
1969 - $34,086,038,090
1968 - $30,097,635,751
1967 - $27,143,828,099
1966 - $24,741,480,717
1965 - $22,721,869,808
1964 - $20,232,048,553
1963 - $17,193,744,109
1962 - $15,847,582,341
1961 - $14,599,836,396
1960 - $13,282,979,015

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

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

GDP per capita in Lithuania vs Netherlands by year

Lithuania
GDP per capita

GDP per capita, PPP
Netherlands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Netherlands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $67,520 $86,174
2023 $27,786 $52,348 $63,516 $81,729
2022 $25,086 $50,936 $59,123 $78,630
2021 $23,870 $45,874 $60,142 $68,574
2020 $20,429 $41,263 $53,468 $62,597
2019 $19,609 $40,564 $53,555 $62,345
2018 $19,247 $36,492 $53,955 $58,819
2017 $16,800 $31,305 $49,514 $56,038
2016 $14,934 $28,699 $46,809 $53,162
2015 $14,270 $26,949 $45,794 $50,957
2014 $16,446 $26,275 $53,457 $49,751
2013 $15,637 $24,890 $52,602 $49,622
2012 $14,288 $23,275 $50,474 $47,653
2011 $14,262 $21,558 $54,702 $47,004
2010 $11,829 $18,719 $51,306 $45,301
2009 $11,854 $17,055 $53,172 $44,959
2008 $14,956 $19,410 $58,247 $46,714
2007 $12,295 $17,969 $52,101 $44,203
2006 $9,210 $15,522 $45,124 $41,208
2005 $7,857 $13,951 $42,165 $37,778
2004 $6,735 $12,605 $40,611 $35,961
2003 $5,507 $11,660 $35,897 $34,286
2002 $4,148 $10,296 $29,447 $34,568
2001 $3,533 $9,399 $26,956 $33,259
2000 $3,301 $8,475 $26,225 $31,895
1999 $3,128 $7,918 $28,319 $29,316
1998 $3,181 $7,846 $27,924 $27,749
1997 $2,844 $7,167 $26,745 $26,062
1996 $2,341 $6,479 $29,064 $24,564
1995 $2,183 $6,023 $29,301 $23,480
1994 - $5,667 $24,683 $22,414
1993 - $6,107 $23,156 $21,443
1992 - $7,087 $23,939 $20,831
1991 - $8,790 $21,764 $20,177
1990 - $9,030 $21,322 $19,203
1989 - - $17,423 -
1988 - - $17,771 -
1987 - - $16,734 -
1986 - - $13,804 -
1985 - - $9,941 -
1984 - - $9,992 -
1983 - - $10,696 -
1982 - - $11,089 -
1981 - - $11,537 -
1980 - - $13,812 -
1979 - - $12,817 -
1978 - - $11,196 -
1977 - - $9,180 -
1976 - - $7,937 -
1975 - - $7,346 -
1974 - - $6,450 -
1973 - - $5,353 -
1972 - - $4,110 -
1971 - - $3,384 -
1970 - - $2,931 -
1969 - - $2,647 -
1968 - - $2,364 -
1967 - - $2,155 -
1966 - - $1,986 -
1965 - - $1,848 -
1964 - - $1,668 -
1963 - - $1,437 -
1962 - - $1,342 -
1961 - - $1,254 -
1960 - - $1,156 -

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

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

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $67,520 in the Netherlands, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while the Netherlands ranks 11th at $86,174.

Economic indicators

Lithuania Netherlands
Gross domestic product
$84.9B
2024
$1.21T
2024
GDP rank
79/197
2024
19/197
2024
GDP growth
2.77%
2023-2024
1.08%
2023-2024
GDP per capita
$29,384
2024
$67,520
2024
GDP per capita rank
43/197
2024
13/197
2024
GDP per capita, PPP
$55,286
2024
$86,174
2024
GDP per capita PPP rank
39/197
2024
11/197
2024
Government debt
$32.4B
2024
$532B
2024
Debt-to-GDP ratio
38.2%
2024
43.8%
2024
Government debt per person
$11,232
2024
$29,571
2024
Government debt per person rank
49/185
2024
24/185
2024
Average annual personal income after taxes
$19,946
2026
$47,815
2026
Market capitalization of domestic companies n/a
$1.1T
2017
Number of millionaires n/a
1,267,000
2025
Number of billionaires n/a
13
2025
Income share by richest 10%
27.3%
2023
21.4%
2021
Income share by poorest 10%
2.2%
2023
3.6%
2021
Government expenditure, % of GDP
39.5%
2024
44.4%
2024
Consumer prices inflation
0.72%
2023-2024
3.35%
2023-2024
Unemployment rate
7.1%
2024
3.64%
2024
Population
2829914
18252623

Spending and national debt comparison by year

Lithuania
Spending

Debt
Netherlands
Spending

Debt
1x
Year % of GDP
Lithuania Netherlands
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 44.4% 43.8%
2023 37.4% 37.3% 44% 45.9%
2022 36.3% 38.1% 43.3% 48.4%
2021 37.3% 43.3% 45.9% 50.5%
2020 42.4% 45.9% 47.8% 53.4%
2019 34.6% 35.6% 42.1% 47.7%
2018 33.8% 33.3% 42.4% 51.6%
2017 33.4% 39.3% 42.8% 56%
2016 34.5% 40% 43.9% 60.9%
2015 35.2% 42.6% 45.3% 63.8%
2014 35% 40.7% 46.7% 67.2%
2013 35.7% 38.9% 47.5% 67.2%
2012 36.6% 39.9% 47.6% 65.7%
2011 40.1% 37.5% 47.8% 61.2%
2010 43% 36.7% 48.9% 58.9%
2009 44.8% 27.9% 48.4% 56.3%
2008 38.2% 14.6% 44.3% 54.4%
2007 35.3% 15.9% 43.3% 42.7%
2006 34.4% 17.3% 44% 45%
2005 34.1% 17.6% 43.4% 49.6%
2004 33.9% 18.6% 44.7% 50.1%
2003 32.8% 20.4% 45.8% 49.8%
2002 34.4% 22.1% 44.8% 48.7%
2001 36.5% 22.9% 44.1% 49.4%
2000 38.7% 23.5% 43.2% 52.2%
1999 42.4% 28% 44.3% 58.6%
1998 39.6% 21.7% 44.6% 62.7%
1997 35% - 45.7% 65.7%
1996 34.4% - 47.3% 71.2%
1995 35.5% - 53.9% 73%
1994 - - 49.4% 73.5%
1993 - - 50.9% 76.7%
1992 - - 50.2% 75.6%
1991 - - 49.6% 74.8%
1990 - - 48.8% 75%
1989 - - 54.5% 73.7%
1988 - - 56.4% 73.7%
1987 - - 58.5% 71.3%
1986 - - 57% 68.9%
1985 - - 57.3% 67.1%
1984 - - 58.1% 61.9%
1983 - - 59.1% 58.4%
1982 - - 59.1% 52.4%
1981 - - 56.8% 46.9%
1980 - - 55.2% 43.6%
1979 - - 53.7% 39.5%
1978 - - 52.3% 38.1%
1977 - - 50.6% 34.9%
1976 - - 50.8% 35.2%
1975 - - 50.8% 36.1%
1974 - - 46.4% 36.3%
1973 - - 44.6% 38.1%
1972 - - 44.9% 41.3%
1971 - - 44.6% 43.7%
1970 - - 43.2% 46.1%
1969 - - 42.1% 48.2%
1968 - - 25.4% 54.4%
1967 - - 24.1% 55%
1966 - - 24.4% 55.6%
1965 - - 23.4% 55.8%
1964 - - 22.3% 57.1%
1963 - - 21.9% 61.7%
1962 - - 22.1% 63.8%
1961 - - 22.2% 65.9%
1960 - - 20.4% 66.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while the Netherlands spent $540B, or 44.4% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 43.8% in the Netherlands, ranking 139/185 and 123/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Netherlands
1x
Year Deficit/surplus, % of GDP
Lithuania Netherlands
2024 -1.28% -0.94%
2023 -0.69% -0.37%
2022 -0.72% 0.002%
2021 -1.15% -2.26%
2020 -6.42% -3.72%
2019 0.41% 1.91%
2018 0.52% 1.49%
2017 0.36% 1.35%
2016 0.03% 0.23%
2015 -0.77% -1.84%
2014 -1.79% -2.17%
2013 -2.69% -2.87%
2012 -3.15% -3.83%
2011 -5.92% -4.42%
2010 -6.95% -5.3%
2009 -9.09% -5.06%
2008 -3.09% -0.06%
2007 -0.82% -0.16%
2006 -0.27% 0.04%
2005 -0.34% -0.51%
2004 -1.39% -1.82%
2003 -1.26% -3.19%
2002 -1.85% -2.23%
2001 -3.52% -0.47%
2000 -3.18% 1.14%
1999 -7.82% 0.28%
1998 -4.93% -1.34%
1997 -0.76% -1.6%
1996 -3.59% -1.91%
1995 -3.31% -8.72%
1994 - -3.53%
1993 - -3.13%
1992 - -3.12%
1991 - -2.05%
1990 - -4.08%
1989 - -5%
1988 - -4.23%
1987 - -5.39%
1986 - -4.62%
1985 - -3.6%
1984 - -5.25%
1983 - -5.47%
1982 - -6.17%
1981 - -4.92%
1980 - -3.95%
1979 - -2.46%
1978 - -2.09%
1977 - -0.75%
1976 - -2.02%
1975 - -2.82%
1974 - -0.26%
1973 - 0.54%
1972 - -0.7%
1971 - -1.58%
1970 - -1.52%
1969 - -1.14%
1968 - -3.06%
1967 - -1.97%
1966 - -2.37%
1965 - -1.15%
1964 - -1.2%
1963 - -0.54%
1962 - -1.38%
1961 - -0.38%
1960 - 0.9%
1959 - -0.74%
1958 - -0.89%
1957 - 0.3%
1956 - -0.83%
1955 - -0.25%
1954 - 0.76%
1953 - -2.95%
1952 - 2.19%
1951 - 2.13%
1950 - 0.81%
1949 - 2.3%
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -3.19%
1938 - -0.37%
1937 - 0.02%
1936 - -0.41%
1935 - -0.69%
1934 - -0.92%
1933 - -2.55%
1932 - -1.97%
1931 - -1.66%
1930 - -0.55%
1929 - -1.16%
1928 - -0.62%
1927 - -0.33%
1926 - -0.78%
1925 - -2.04%
1924 - -3.37%
1923 - -2.62%
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -0.45%
1912 - -0.47%
1911 - -0.13%
1910 - -0.93%
1909 - -0.34%
1908 - -0.57%
1907 - 0.03%
1906 - 0.16%
1905 - 0.1%
1904 - -0.72%
1903 - 0.09%
1902 - -0.14%
1901 - 0.03%
1900 - 0.06%
1899 - -0.13%
1898 - -0.48%
1897 - -0.45%
1896 - 0.08%
1895 - -0.06%
1894 - 0.12%
1893 - -0.76%
1892 - -1.72%
1891 - -0.06%
1890 - -0.06%
1889 - 0.04%
1888 - -0.31%
1887 - -0.37%
1886 - -0.08%
1885 - -0.55%
1884 - 0%
1883 - -2.1%
1882 - -1.11%
1881 - -1.06%
1880 - 0.21%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/lithuania/netherlands | 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 the Netherlands' deficit of $11.5B, or 0.94% of GDP.

Over the past 30 years, Lithuania recorded a fiscal deficit in 26 of those years, while the Netherlands ran a deficit in 22 years. On average, Lithuania posted an annual deficit equal to 2.51% of GDP, compared to deficit of 1.61% of GDP for the Netherlands.

Inflation comparison by year

Inflation
Lithuania

Netherlands
1x
Year Consumer prices inflation
Lithuania Netherlands
2024 0.72% 3.35%
2023 9.12% 3.84%
2022 19.7% 10%
2021 4.68% 2.68%
2020 1.2% 1.27%
2019 2.33% 2.63%
2018 2.7% 1.7%
2017 3.72% 1.38%
2016 0.91% 0.32%
2015 -0.88% 0.6%
2014 0.1% 0.98%
2013 1.05% 2.51%
2012 3.09% 2.46%
2011 4.13% 2.34%
2010 1.32% 1.28%
2009 4.45% 1.19%
2008 10.9% 2.49%
2007 5.74% 1.61%
2006 3.74% 1.1%
2005 2.66% 1.69%
2004 1.16% 1.26%
2003 -1.13% 2.09%
2002 0.28% 3.29%
2001 1.37% 4.16%
2000 0.98% 2.36%
1999 0.73% 2.16%
1998 5.07% 1.96%
1997 8.88% 2.11%

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

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

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 2.31% in the Netherlands. In 2024, inflation was 0.72% in Lithuania and 3.35% in the Netherlands.

Top exports between countries

Lithuania
Export category Export value
Raw materials & minerals $709M
Machinery & equipment $539M
Chemicals & pharma $500M
Processed food, beverages & tobacco $347M
Textiles & consumer goods $259M
Wood & paper products $114M
Raw agricultural goods $99.8M
Animal & marine products $98.9M
Transport & tourism services $90.9M
Metals $28.4M
Netherlands
Export category Export value
Machinery & equipment $753M
Chemicals & pharma $372M
Transport & tourism services $276M
Raw agricultural goods $227M
Processed food, beverages & tobacco $156M
Textiles & consumer goods $138M
Business & finance services $103M
Raw materials & minerals $87.6M
Animal & marine products $79.5M
Metals $55.9M

Balance of trade

Lithuania Netherlands
Current account balance
$2.77B
2024
$111B
2024
Current account balance ranking
41/190
2024
5/190
2024
Current account balance, % of GDP
+3.27%
2024
+9.13%
2024
Goods imports
$43.8B
2024
$606B
2024
Goods exports
$38.9B
2024
$693B
2024
Service imports
$14.7B
2024
$262B
2024
Service exports
$24.3B
2024
$308B
2024
Imports of goods and services, % of GDP
68.9%
2024
71.4%
2024
Exports of goods and services, % of GDP
74.1%
2024
82.4%
2024

Economic freedom indices

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

Lithuania Netherlands
Economic freedom 75.3 78.5
Economic freedom ranking 18/197 11/197
Property rights 91.8 96
Government integrity 71.4 86.8
Judicial effectiveness 73.2 96.1
Tax burden 76.2 54
Government spending 57.3 42.2
Fiscal health 95.8 95.9
Business freedom 84.2 85
Labor freedom 58.1 59.3
Monetary freedom 76.7 77
Trade freedom 79.4 79.4
Investment freedom 70 90
Financial freedom 70 80

Economic freedom comparison by year

Lithuania
Netherlands
1x
Year Economic freedom index
Lithuania Netherlands
2026 75.3 78.5
2025 74.6 78.2
2024 72.9 77.3
2023 72.2 78
2022 75.8 79.5
2021 76.9 76.8
2020 76.7 77
2019 74.2 76.8
2018 75.3 76.2
2017 75.8 75.8
2016 75.2 74.6
2015 74.7 73.7
2014 73 74.2
2013 72.1 73.5
2012 71.5 73.3
2011 71.3 74.7
2010 70.3 75
2009 70 77
2008 70.9 77.4
2007 71.5 75.5
2006 71.8 75.4
2005 70.5 72.9
2004 72.4 74.5
2003 69.7 74.6
2002 66.1 75.1
2001 65.5 73
2000 61.9 70.4
1999 61.5 70.2
1998 59.4 69.2
1997 57.3 70.4
1996 49.7 69.7

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 78.5 for the Netherlands, ranking 11/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Netherlands
Services, % of GDP
63.6%
2024
70.5%
2024
Industry, % of GDP
23.4%
2024
17.5%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
1.73%
2024
GNI, Atlas method
$78.4B
2024
$1.12T
2024
GNI per capita, PPP
$53,920
2024
$84,970
2024
Total reserves including gold
$7.41B
2024
$79.1B
2024
Total reserves ranking
86/177
2024
34/177
2024
Net foreign direct investment
-$3.91B
2024
$11.1B
2024
Net inflows of foreign direct investment
$4.7B
2024
-$17.1B
2024
Net outflows of foreign direct investment
$795M
2024
-$5.93B
2024
Poverty at national poverty lines
20.9%
2021
14.5%
2021
Gross capital formation, % of GDP
20.4%
2024
19.7%
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/netherlands | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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)

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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.