Lithuania vs North Macedonia: Economic Indicators Comparison

Lithuania with a GDP of $53.4B ranked the 83rd largest economy in the world, while North Macedonia ranked 135th with $12.7B. By GDP 5-years average growth and GDP per capita, Lithuania and North Macedonia ranked 83rd vs 110th and 49th vs 100th, respectively.

Gross Domestic Product & Income

StatLithuaniaNorth Macedonia
GDP$53.4B$12.7B
GDP growth, 1 year3.4%2.7%
GDP growth, 5-years average3.1%2.6%
Population2.8M2.1M
GDP per capita$19k$6.1k
GDP per capita growth5.09%2.62%
Purchasing Power Parity conversion factor0.4619.38
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.37
GDP per capita, PPP adjusted$35k$16k
GNI, Atlas method$48.6B$11.4B
GNI per capita$17k$5.5k
GNI, PPP adjusted$95.7B$32.6B
GNI per capita, PPP adjusted$34k$16k

Financial system and Human development

StatLithuaniaNorth Macedonia
Income Tax Rate20%10%
Corporate Tax Rate15%10%
Inflation, consumer prices2.5%1.5%
Inflation, GDP deflator3.3%4.3%
Unemployment6%21.6%
Economic Freedom Index76.769.5
Personal Freedom Index8.578.17
Human Freedom Index7.947.55
Property Rights Index77.962.5
Judical Effectiveness Index62.142.7
Business Freedom Index71.980.6
Fiscal Health Index97.487.7
Labor Freedom Index76.567
Investment Freedom Index8065
Financial Freedom Index7060
Trade Freedom Index86.486.2
Monetary Freedom Index79.777.7
Government Spending Index6671
Tax Burden Index84.991.5
Government Integrity Index67.442.2
Corruption Perceptions Index5937
Life expectancy at birth, years74.775.6
Suicide mortality rate, per 100,000 people31.97.9
Mortality caused by road traffic injury, per 100,000 people86.4
Intentional homicides, per 100,000 people4.51.5
International tourism, number of arrivals2.8M707k

Government debt & reserves

StatLithuaniaNorth Macedonia
Central government debt, % of GDP35.9%39.5%
External debt stocks, % of GNIN/A72%
External debt stocksN/A$8.7B
Short-term debt, % of total reservesN/A40.9%
Total debt service, % of exports and primary incomeN/A16.6%
Adjusted net savings including particulate emission damage, % of GNI3.4%15.4%
Gross savings, % of GDP20.3%33%
Gross capital formation, % of GDP19.8%33%
Total reserves including gold$5.8B$3.3B
Foreign direct investment net inflows$867.7M$648.7M

Exports, imports and economic structure

StatLithuaniaNorth Macedonia
Exports of goods and services, % of GDP75.6%60.3%
Imports of goods and services, % of GDP73.7%72.9%
Current account balance (balance of payments)$817.6M-$25.6M
Revenue excluding grants, % of GDP31.2%26.8%
Grants excluding technical cooperation, BoP$236.8M$133.8M
Personal remittances received$1.4B$344.5M
Industry including construction value added, % of GDP25.5%23.6%
Agriculture, forestry and fishing value added, % of GDP2.9%7.2%
Charges for the use of intellectual property, payments BoP$61.7M$188.8M
Charges for the use of intellectual property, receipts BoP$31.1M$11.8M
Expense, % of GDP31.1%27.9%
Government Expenditure, % of GDP33.7%31.1%

Compare with countries close by GDP per capita

Lithuania vs

CountryGDP
per capita
Population
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M

North Macedonia vs

CountryGDP
per capita
Population
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M