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Economy of Lithuania vs Nigeria compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $291B for Nigeria, ranking 79/197 and 50/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $103B (35.5% of GDP) in Nigeria.

Lithuania vs Nigeria GDP by year

Lithuania
Nigeria
1x
Year GDP, current $
Lithuania Nigeria
2025 $95,210,150,818 $290,794,361,542
2024 $85,503,938,574 $252,261,880,140
2023 $80,356,613,555 $487,387,801,878
2022 $70,639,687,326 $646,950,257,575
2021 $67,072,165,721 $609,147,716,965
2020 $57,412,038,533 $598,586,817,817
2019 $55,122,066,226 $668,219,992,687
2018 $54,261,795,149 $421,739,251,509
2017 $47,756,764,508 $375,745,731,053
2016 $42,970,749,245 $404,649,125,252
2015 $41,540,954,817 $493,026,682,801
2014 $48,306,546,657 $574,183,763,412
2013 $46,303,660,422 $520,117,180,314
2012 $42,709,372,067 $463,971,018,239
2011 $43,186,501,863 $414,466,676,831
2010 $36,638,128,534 $366,990,417,129
2009 $37,494,380,039 $295,008,835,381
2008 $47,831,254,208 $339,476,276,258
2007 $39,729,151,615 $278,260,846,800
2006 $30,116,192,747 $238,454,997,161
2005 $26,105,207,115 $175,670,569,969
2004 $22,743,164,431 $135,764,731,646
2003 $18,809,197,970 $104,738,954,264
2002 $14,282,292,665 $95,054,059,303
2001 $12,260,761,329 $73,557,840,064
2000 $11,550,695,727 $69,171,451,627
1999 $11,022,095,814 $59,145,077,039
1998 $11,289,161,847 $218,416,200,673
1997 $10,168,271,903 $200,850,397,618
1996 $8,430,207,164 $185,730,236,700
1995 $7,921,210,340 $140,919,776,986
1994 - $80,399,613,064
1993 - $56,721,051,402
1992 - $52,058,181,854
1991 - $59,526,833,412
1990 - $54,035,795,388
1989 - $44,003,061,108
1988 - $49,648,470,440
1987 - $52,676,041,931
1986 - $54,805,852,581
1985 - $73,745,821,158
1984 - $73,484,359,521
1983 - $97,094,911,792
1982 - $142,769,363,314
1981 - $164,475,209,516
1980 - $64,201,788,123
1979 - $47,259,911,894
1978 - $36,527,862,209
1977 - $36,035,407,725
1976 - $36,308,883,249
1975 - $27,778,934,625
1974 - $24,846,641,318
1973 - $15,162,871,287
1972 - $12,274,416,018
1971 - $9,181,769,912
1970 - $12,546,094,982
1969 - $6,634,317,346
1968 - $5,200,997,920
1967 - $5,203,237,919
1966 - $6,366,917,453
1965 - $5,874,537,650
1964 - $5,552,931,319
1963 - $5,165,590,254
1962 - $4,909,399,176
1961 - $4,467,287,893
1960 - $4,196,174,502

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

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

GDP per capita in Lithuania vs Nigeria by year

Lithuania
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $1,224 -
2024 $29,604 $55,286 $1,084 $9,087
2023 $27,983 $52,348 $2,139 $8,705
2022 $24,947 $50,936 $2,899 $8,305
2021 $23,883 $45,874 $2,787 $7,588
2020 $20,429 $41,263 $2,797 $7,415
2019 $19,609 $40,564 $3,190 $7,551
2018 $19,247 $36,492 $2,058 $7,158
2017 $16,800 $31,305 $1,876 $7,037
2016 $14,934 $28,699 $2,070 $7,072
2015 $14,270 $26,949 $2,586 $7,308
2014 $16,446 $26,275 $3,089 $7,396
2013 $15,637 $24,890 $2,873 $7,004
2012 $14,288 $23,275 $2,633 $6,671
2011 $14,262 $21,558 $2,418 $6,585
2010 $11,829 $18,719 $2,202 $6,301
2009 $11,854 $17,055 $1,820 $5,927
2008 $14,956 $19,410 $2,154 $5,607
2007 $12,295 $17,969 $1,816 $5,298
2006 $9,210 $15,522 $1,600 $4,975
2005 $7,857 $13,951 $1,211 $4,678
2004 $6,735 $12,605 $962 $4,381
2003 $5,507 $11,660 $763 $4,015
2002 $4,148 $10,296 $712 $3,770
2001 $3,533 $9,399 $566 $3,309
2000 $3,301 $8,475 $547 $3,139
1999 $3,128 $7,918 $481 $3,002
1998 $3,181 $7,846 $1,822 $3,022
1997 $2,844 $7,167 $1,720 $2,990
1996 $2,341 $6,479 $1,633 $2,931
1995 $2,183 $6,023 $1,272 $2,835
1994 - $5,667 $745 $2,853
1993 - $6,107 $540 $2,921
1992 - $7,087 $509 $2,991
1991 - $8,790 $597 $2,870
1990 - $9,030 $556 $2,840
1989 - - $465 -
1988 - - $540 -
1987 - - $588 -
1986 - - $628 -
1985 - - $869 -
1984 - - $890 -
1983 - - $1,207 -
1982 - - $1,822 -
1981 - - $2,162 -
1980 - - $870 -
1979 - - $661 -
1978 - - $527 -
1977 - - $536 -
1976 - - $556 -
1975 - - $438 -
1974 - - $403 -
1973 - - $252.4 -
1972 - - $209.5 -
1971 - - $160.5 -
1970 - - $224.5 -
1969 - - $121.4 -
1968 - - $97.3 -
1967 - - $99.5 -
1966 - - $124.4 -
1965 - - $117.3 -
1964 - - $113.3 -
1963 - - $107.7 -
1962 - - $104.5 -
1961 - - $97.1 -
1960 - - $93.1 -

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

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

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $1,224 in Nigeria, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Nigeria ranks 136th at $9,087.

Economic indicators

Lithuania Nigeria
Gross domestic product
$95.2B
2025
$291B
2025
GDP rank
79/197
2025
50/197
2025
GDP growth
2.92%
2024-2025
4.01%
2024-2025
GDP per capita
$32,959
2025
$1,224
2025
GDP per capita rank
39/197
2025
172/197
2025
GDP per capita, PPP
$55,286
2024
$9,087
2024
GDP per capita PPP rank
39/197
2024
136/197
2024
Government debt
$37.9B
2025
$103B
2025
Debt-to-GDP ratio
39.8%
2025
35.5%
2025
Government debt per person
$13,127
2025
$434
2025
Government debt per person rank
49/185
2025
170/185
2025
Average annual personal income after taxes
$20,453
2026
$768
2026
Market capitalization of domestic companies n/a
$86.9B
2025
Number of billionaires n/a
4
2026
Income share by richest 10%
27.3%
2023
26.3%
2022
Income share by poorest 10%
2.2%
2023
3%
2022
Government expenditure, % of GDP
41.2%
2025
11.7%
2025
Consumer prices inflation
3.79%
2024-2025
23%
2024-2025
Central bank interest rate n/a
26.5%
2026
Unemployment rate
6.9%
2025
3.45%
2024
Population
2845693
245016045

Spending and national debt comparison by year

Lithuania
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Lithuania Nigeria
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 11.7% 35.5%
2024 39.4% 38% 12% 39.3%
2023 37.2% 37.1% 10.4% 36.3%
2022 36.6% 38.3% 10.6% 29.8%
2021 37.3% 43.3% 9.09% 26.6%
2020 42.4% 45.9% 8.73% 25.7%
2019 34.6% 35.6% 8.87% 21.4%
2018 33.8% 33.3% 9.1% 20.4%
2017 33.4% 39.1% 8.51% 18%
2016 34.5% 39.8% 6.93% 17.4%
2015 35.2% 42.4% 7.85% 14.9%
2014 35% 40.7% 9.49% 15.8%
2013 35.7% 38.9% 10% 13%
2012 36.6% 39.9% 10.5% 12.5%
2011 40.1% 37.5% 12.3% 12.4%
2010 43% 36.7% 11.8% 6.67%
2009 44.8% 27.9% 11% 6.12%
2008 38.2% 14.6% 10.2% 5.17%
2007 35.3% 15.9% 12.9% 5.76%
2006 34.4% 17.3% 8.75% 6.68%
2005 34.1% 17.6% 12.6% 13.4%
2004 33.9% 18.6% 13% 25.2%
2003 32.8% 20.4% 16.5% 29.9%
2002 34.4% 22.1% 13.8% 30.7%
2001 36.5% 22.9% 21.9% 37.7%
2000 38.7% 23.5% 17.6% 40.9%
1999 42.4% 28% 14.9% 46.1%
1998 39.6% 21.7% 11.2% 15.8%
1997 35.1% - 9.68% 17.1%
1996 34.4% - 7.87% 17.9%
1995 35.5% - 8.87% 24.2%
1994 - - 12.1% 39.7%
1993 - - 20% 50.4%
1992 - - 15.9% 49.8%
1991 - - 13.6% 53.2%
1990 - - 14.2% 50.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while Nigeria spent $34.1B, or 11.7% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 35.5% in Nigeria, ranking 135/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Nigeria
1x
Year Deficit/surplus, % of GDP
Lithuania Nigeria
2025 -2.18% -1.76%
2024 -1.28% -1.27%
2023 -0.66% -3.12%
2022 -0.72% -4%
2021 -1.15% -3.97%
2020 -6.42% -4.03%
2019 0.41% -3.31%
2018 0.52% -3.06%
2017 0.36% -3.85%
2016 0.03% -3.3%
2015 -0.77% -2.7%
2014 -1.79% -1.72%
2013 -2.69% -1.89%
2012 -3.15% -0.09%
2011 -5.92% 0.31%
2010 -6.95% -2.96%
2009 -9.09% -3.78%
2008 -3.09% 4.05%
2007 -0.82% -0.79%
2006 -0.27% 6.22%
2005 -0.34% 3.49%
2004 -1.39% 3.9%
2003 -1.26% -1.56%
2002 -1.85% 0.95%
2001 -3.52% -2.29%
2000 -3.18% 2.89%
1999 -7.82% -1.39%
1998 -4.93% -3.47%
1997 -0.76% 1.14%
1996 -3.58% 3.37%
1995 -3.31% 2.52%
1994 - -2.96%
1993 - -6.07%
1992 - 0.94%
1991 - -1.18%
1990 - -0.48%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lithuania/nigeria | 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 Nigeria's deficit of $5.12B, or 1.76% of GDP.

Over the past 31 years, Lithuania recorded a fiscal deficit in 27 of those years, while Nigeria ran a deficit in 21 years. On average, Lithuania posted an annual deficit equal to 2.5% of GDP, compared to deficit of 0.82% of GDP for Nigeria.

Inflation comparison by year

Inflation
Lithuania

Nigeria
1x
Year Consumer prices inflation
Lithuania Nigeria
2025 3.79% 23%
2024 0.72% 33.2%
2023 9.12% 24.7%
2022 19.7% 18.8%
2021 4.68% 17%
2020 1.2% 13.2%
2019 2.33% 11.4%
2018 2.7% 12.1%
2017 3.72% 16.5%
2016 0.91% 15.7%
2015 -0.88% 9.01%
2014 0.1% 8.05%
2013 1.05% 8.5%
2012 3.09% 12.2%
2011 4.13% 10.8%
2010 1.32% 13.7%
2009 4.45% 12.5%
2008 10.9% 11.6%
2007 5.74% 5.39%
2006 3.74% 8.23%
2005 2.66% 17.9%
2004 1.16% 15%
2003 -1.13% 14%
2002 0.28% 12.9%
2001 1.37% 18.9%
2000 0.98% 6.93%
1999 0.73% 6.62%
1998 5.07% 10%
1997 8.88% 8.53%

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

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

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 3.54%, compared with 13.7% in Nigeria. In 2025, inflation was 3.79% in Lithuania and 23% in Nigeria.

Top exports between countries

Lithuania
Export category Export value
Raw agricultural goods $163M
Business & finance services $16M
Raw materials & minerals $7.27M
Animal & marine products $4.56M
Machinery & equipment $3.16M
Textiles & consumer goods $2.56M
Transport & tourism services $1.95M
Processed food, beverages & tobacco $1.77M
Metals $193K
Chemicals & pharma $144K
Nigeria
Export category Export value
Raw materials & minerals $32.5M
Raw agricultural goods $555K
Processed food, beverages & tobacco $327K
Metals $247K
Textiles & consumer goods $169K
Chemicals & pharma $155K
Machinery & equipment $43K

Balance of trade

Lithuania Nigeria
Current account balance
$900M
2025
$14B
2025
Current account balance ranking
51/190
2025
21/190
2025
Current account balance, % of GDP
+0.94%
2025
+4.83%
2025
Goods imports
$48.3B
2025
$43B
2025
Goods exports
$40.7B
2025
$57.5B
2025
Service imports
$17.5B
2025
$19.6B
2025
Service exports
$28.8B
2025
$5.06B
2025
Imports of goods and services, % of GDP
69.1%
2025
16.9%
1960
Exports of goods and services, % of GDP
73%
2025
9.24%
1960

Economic freedom indices

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

Lithuania Nigeria
Economic freedom 75.3 54.8
Economic freedom ranking 18/197 132/197
Property rights 91.8 29.7
Government integrity 71.4 23.5
Judicial effectiveness 73.2 34.4
Tax burden 76.2 84.6
Government spending 57.3 96.3
Fiscal health 95.8 83.5
Business freedom 84.2 50.3
Labor freedom 58.1 75.4
Monetary freedom 76.7 56.1
Trade freedom 79.4 64.4
Investment freedom 70 30
Financial freedom 70 30

Economic freedom comparison by year

Lithuania
Nigeria
1x
Year Economic freedom index
Lithuania Nigeria
2026 75.3 54.8
2025 74.6 53.4
2024 72.9 53.1
2023 72.2 53.9
2022 75.8 54.4
2021 76.9 58.7
2020 76.7 57.2
2019 74.2 57.3
2018 75.3 58.5
2017 75.8 57.1
2016 75.2 57.5
2015 74.7 55.6
2014 73 54.3
2013 72.1 55.1
2012 71.5 56.3
2011 71.3 56.7
2010 70.3 56.8
2009 70 55.1
2008 70.9 55.1
2007 71.5 55.6
2006 71.8 48.7
2005 70.5 48.4
2004 72.4 49.2
2003 69.7 49.5
2002 66.1 50.9
2001 65.5 49.6
2000 61.9 53.1
1999 61.5 55.7
1998 59.4 52.3
1997 57.3 52.8
1996 49.7 47.4
1995 - 47.3

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Nigeria
Services, % of GDP
64.8%
2025
58.2%
2025
Industry, % of GDP
22.1%
2025
16.4%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
23%
2025
GNI, Atlas method
$88.1B
2025
$324B
2025
GNI per capita, PPP
$55,010
2025
$9,230
2025
Total reserves including gold
$7.06B
2025
$46B
2025
Total reserves ranking
90/177
2025
52/177
2025
Net foreign direct investment
-$2.96B
2025
-$2.82B
2025
Net inflows of foreign direct investment
$4.7B
2024
$1.61B
2024
Net outflows of foreign direct investment
$795M
2024
$408M
2024
Servicing debt to the IMF, % of GNI n/a
5.46%
2024
Poverty at national poverty lines
20.9%
2021
56.2%
2023
Gross capital formation, % of GDP
22.2%
2025
n/a

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/nigeria | 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 (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, 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.