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Economy of Lithuania vs Oman compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $110B for Oman, ranking 79/197 and 70/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Lithuania vs Oman GDP by year

Lithuania
Oman
1x
Year GDP, current $
Lithuania Oman
2025 $95,210,150,818 $109,604,780,696
2024 $85,503,938,574 $107,137,198,700
2023 $80,356,613,555 $106,174,707,932
2022 $70,639,687,326 $109,852,795,839
2021 $67,072,165,721 $87,323,797,139
2020 $57,412,038,533 $75,909,492,848
2019 $55,122,066,226 $88,060,858,257
2018 $54,261,795,149 $91,505,851,756
2017 $47,756,764,508 $80,856,697,009
2016 $42,970,749,245 $75,128,738,622
2015 $41,540,954,817 $78,710,793,238
2014 $48,306,546,657 $92,699,089,727
2013 $46,303,660,422 $89,936,020,806
2012 $42,709,372,067 $87,408,842,653
2011 $43,186,501,863 $77,497,529,259
2010 $36,638,128,534 $64,993,498,049
2009 $37,494,380,039 $55,454,096,229
2008 $47,831,254,208 $69,804,681,404
2007 $39,729,151,615 $48,300,390,117
2006 $30,116,192,747 $42,577,633,290
2005 $26,105,207,115 $35,506,892,068
2004 $22,743,164,431 $28,378,933,680
2003 $18,809,197,970 $24,733,680,104
2002 $14,282,292,665 $23,065,539,662
2001 $12,260,761,329 $22,205,721,717
2000 $11,550,695,727 $22,259,557,867
1999 $11,022,095,814 $17,832,769,831
1998 $11,289,161,847 $16,044,213,264
1997 $10,168,271,903 $18,039,791,938
1996 $8,430,207,164 $17,402,080,624
1995 $7,921,210,340 $15,722,236,671
1994 - $14,715,214,564
1993 - $14,230,429,129
1992 - $14,183,615,085
1991 - $12,918,335,501
1990 - $13,310,273,082
1989 - $9,372,171,651
1988 - $8,386,215,865
1987 - $7,811,183,095
1986 - $7,324,167,369
1985 - $10,005,645,420
1984 - $8,821,443,151
1983 - $7,932,541,691
1982 - $7,554,719,456
1981 - $7,259,120,151
1980 - $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

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

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

GDP per capita in Lithuania vs Oman by year

Lithuania
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $19,947 -
2024 $29,604 $55,286 $20,285 $41,740
2023 $27,983 $52,348 $21,028 $41,945
2022 $24,947 $50,936 $23,224 $42,616
2021 $23,883 $45,874 $19,403 $38,719
2020 $20,429 $41,263 $16,785 $35,163
2019 $19,609 $40,564 $19,180 $37,251
2018 $19,247 $36,492 $19,902 $37,780
2017 $16,800 $31,305 $17,820 $33,619
2016 $14,934 $28,699 $17,110 $33,334
2015 $14,270 $26,949 $18,808 $36,058
2014 $16,446 $26,275 $23,161 $44,236
2013 $15,637 $24,890 $23,458 $47,013
2012 $14,288 $23,275 $24,642 $49,989
2011 $14,262 $21,558 $25,188 $52,393
2010 $11,829 $18,719 $23,570 $55,667
2009 $11,854 $17,055 $20,656 $55,127
2008 $14,956 $19,410 $26,577 $52,841
2007 $12,295 $17,969 $18,793 $48,627
2006 $9,210 $15,522 $16,931 $46,091
2005 $7,857 $13,951 $14,435 $43,673
2004 $6,735 $12,605 $11,801 $42,142
2003 $5,507 $11,660 $10,464 $40,935
2002 $4,148 $10,296 $9,869 $41,511
2001 $3,533 $9,399 $9,612 $41,679
2000 $3,301 $8,475 $9,754 $39,443
1999 $3,128 $7,918 $7,915 $36,792
1998 $3,181 $7,846 $7,219 $36,666
1997 $2,844 $7,167 $8,235 $36,809
1996 $2,341 $6,479 $8,068 $34,661
1995 $2,183 $6,023 $7,414 $33,598
1994 - $5,667 $7,068 $31,925
1993 - $6,107 $7,039 $30,987
1992 - $7,087 $7,318 $29,773
1991 - $8,790 $6,977 $28,109
1990 - $9,030 $7,546 $26,904
1989 - - $5,591 -
1988 - - $5,279 -
1987 - - $5,204 -
1986 - - $5,182 -
1985 - - $7,549 -
1984 - - $7,070 -
1983 - - $6,714 -
1982 - - $6,759 -
1981 - - $6,866 -
1980 - - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

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

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

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Oman ranks 55th at $41,740.

Economic indicators

Lithuania Oman
Gross domestic product
$95.2B
2025
$110B
2025
GDP rank
79/197
2025
70/197
2025
GDP growth
2.92%
2024-2025
2.4%
2024-2025
GDP per capita
$32,959
2025
$19,947
2025
GDP per capita rank
39/197
2025
60/197
2025
GDP per capita, PPP
$55,286
2024
$41,740
2024
GDP per capita PPP rank
39/197
2024
55/197
2024
Government debt
$37.9B
2025
$39.2B
2025
Debt-to-GDP ratio
39.8%
2025
35.8%
2025
Government debt per person
$13,127
2025
$7,132
2025
Government debt per person rank
49/185
2025
70/185
2025
Average annual personal income after taxes
$20,453
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires n/a
2
2026
Income share by richest 10%
27.3%
2023
n/a
Income share by poorest 10%
2.2%
2023
n/a
Government expenditure, % of GDP
41.2%
2025
28.9%
2025
Consumer prices inflation
3.79%
2024-2025
1%
2024-2025
Central bank interest rate n/a
4.5%
2025
Unemployment rate
6.9%
2025
3.3%
2024
Population
2845693
5775345

Spending and national debt comparison by year

Lithuania
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Lithuania Oman
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 28.9% 35.8%
2024 39.4% 38% 28.7% 35.5%
2023 37.2% 37.1% 27.5% 37.4%
2022 36.6% 38.3% 31.1% 41.7%
2021 37.3% 43.3% 36.5% 61.9%
2020 42.4% 45.9% 44.5% 67.9%
2019 34.6% 35.6% 38.8% 52.5%
2018 33.8% 33.3% 38.3% 44.7%
2017 33.4% 39.1% 39.4% 40.1%
2016 34.5% 39.8% 44.6% 29.3%
2015 35.2% 42.4% 44.5% 13.9%
2014 35% 40.7% 41.4% 4.04%
2013 35.7% 38.9% 39.3% 4.66%
2012 36.6% 39.9% 38.6% 4.59%
2011 40.1% 37.5% 34.5% 4.44%
2010 43% 36.7% 30.6% 5.46%
2009 44.8% 27.9% 33.4% 5.8%
2008 38.2% 14.6% 25.6% 3.2%
2007 35.3% 15.9% 30.7% 4.44%
2006 34.4% 17.3% 30.1% 7.56%
2005 34.1% 17.6% 30.6% 8.39%
2004 33.9% 18.6% 34.1% 14.5%
2003 32.8% 20.4% 34% 13%
2002 34.4% 22.1% 34.1% 15.9%
2001 36.5% 22.9% 33.3% 22.5%
2000 38.7% 23.5% 31.2% 21.7%
1999 42.4% 28% 34.2% 28.9%
1998 39.6% 21.7% 36.1% 30.9%
1997 35.1% - 32.1% 20.8%
1996 34.4% - 33.5% 21.2%
1995 35.5% - 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

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

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

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 35.8% in Oman, ranking 135/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Oman
1x
Year Deficit/surplus, % of GDP
Lithuania Oman
2025 -2.18% 1.04%
2024 -1.28% 3.22%
2023 -0.66% 6.72%
2022 -0.72% 10.3%
2021 -1.15% -3.17%
2020 -6.42% -15.7%
2019 0.41% -4.83%
2018 0.52% -6.72%
2017 0.36% -10.5%
2016 0.03% -19.6%
2015 -0.77% -13.5%
2014 -1.79% -1.58%
2013 -2.69% 2.78%
2012 -3.15% 4.07%
2011 -5.92% 8.24%
2010 -6.95% 4.95%
2009 -9.09% -0.27%
2008 -3.09% 14.7%
2007 -0.82% 10.5%
2006 -0.27% 12.2%
2005 -0.34% 11.2%
2004 -1.39% 5.43%
2003 -1.26% 5.92%
2002 -1.85% 5.31%
2001 -3.52% 7.55%
2000 -3.18% 12.2%
1999 -7.82% 0.3%
1998 -4.93% -4.37%
1997 -0.76% 4.77%
1996 -3.58% 2.22%
1995 -3.31% -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

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

GeoRank.org/economy/lithuania/oman | 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 Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 31 years, Lithuania recorded a fiscal deficit in 27 of those years, while Oman ran a deficit in 11 years. On average, Lithuania posted an annual deficit equal to 2.5% of GDP, compared to surplus of 1.6% of GDP for Oman.

Inflation comparison by year

Inflation
Lithuania

Oman
1x
Year Consumer prices inflation
Lithuania Oman
2025 3.79% 1%
2024 0.72% 0.6%
2023 9.12% 1%
2022 19.7% 2.5%
2021 4.68% 1.7%
2020 1.2% -0.4%
2019 2.33% 0.5%
2018 2.7% 0.7%
2017 3.72% 1.5%
2016 0.91% 0.9%
2015 -0.88% 0.1%
2014 0.1% 1.2%
2013 1.05% 1.3%
2012 3.09% 2.9%
2011 4.13% 4.1%
2010 1.32% 3.3%
2009 4.45% 3.5%
2008 10.9% 12.6%
2007 5.74% 5.9%
2006 3.74% 3.2%
2005 2.66% 1.9%
2004 1.16% 0.8%
2003 -1.13% 0.2%
2002 0.28% -0.3%
2001 1.37% -0.8%
2000 0.98% -1.2%
1999 0.73% 0.5%
1998 5.07% 0.4%
1997 8.88% -0.4%

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

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

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 3.54%, compared with 1.7% in Oman. In 2025, inflation was 3.79% in Lithuania and 1% in Oman.

Top exports between countries

Lithuania
Export category Export value
Wood & paper products $4.62M
Textiles & consumer goods $2.21M
Raw materials & minerals $1.39M
Machinery & equipment $1.06M
Weapons & explosives $680K
Animal & marine products $674K
Processed food, beverages & tobacco $405K
Chemicals & pharma $266K
Raw agricultural goods $142K
Metals $21K
Oman
Export category Export value
Metals $6.88M
Machinery & equipment $3.07M
Textiles & consumer goods $2.13M
Raw materials & minerals $1.28M
Chemicals & pharma $527K
Animal & marine products $28K
Wood & paper products $1K

Balance of trade

Lithuania Oman
Current account balance
$900M
2025
$3.07B
2024
Current account balance ranking
51/190
2025
37/190
2024
Current account balance, % of GDP
+0.94%
2025
+2.86%
2024
Goods imports
$48.3B
2025
$39.5B
2024
Goods exports
$40.7B
2025
$65.2B
2024
Service imports
$17.5B
2025
$12.8B
2024
Service exports
$28.8B
2025
$5.64B
2024
Imports of goods and services, % of GDP
69.1%
2025
48.8%
2024
Exports of goods and services, % of GDP
73%
2025
66.1%
2024

Economic freedom indices

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

Lithuania Oman
Economic freedom 75.3 68.5
Economic freedom ranking 18/197 45/197
Property rights 91.8 71.8
Government integrity 71.4 49.4
Judicial effectiveness 73.2 28
Tax burden 76.2 97.6
Government spending 57.3 74.7
Fiscal health 95.8 97.5
Business freedom 84.2 67.8
Labor freedom 58.1 47.7
Monetary freedom 76.7 79.2
Trade freedom 79.4 78.4
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Lithuania
Oman
1x
Year Economic freedom index
Lithuania Oman
2026 75.3 68.5
2025 74.6 65.4
2024 72.9 62.9
2023 72.2 58.5
2022 75.8 56.6
2021 76.9 64.6
2020 76.7 63.6
2019 74.2 61
2018 75.3 61
2017 75.8 62.1
2016 75.2 67.1
2015 74.7 66.7
2014 73 67.4
2013 72.1 68.1
2012 71.5 67.9
2011 71.3 69.8
2010 70.3 67.7
2009 70 67
2008 70.9 67.3
2007 71.5 65.8
2006 71.8 63.7
2005 70.5 66.5
2004 72.4 66.9
2003 69.7 64.6
2002 66.1 64
2001 65.5 67.7
2000 61.9 64.1
1999 61.5 64.9
1998 59.4 64.9
1997 57.3 64.5
1996 49.7 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Oman
Services, % of GDP
64.8%
2025
47.2%
2025
Industry, % of GDP
22.1%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
2.81%
2025
GNI, Atlas method
$88.1B
2025
$103B
2024
GNI per capita, PPP
$55,010
2025
$39,390
2024
Total reserves including gold
$7.06B
2025
$18.3B
2024
Total reserves ranking
90/177
2025
68/177
2024
Net foreign direct investment
-$2.96B
2025
-$12.6B
2024
Net inflows of foreign direct investment
$4.7B
2024
$12.5B
2024
Net outflows of foreign direct investment
$795M
2024
-$143M
2024
Poverty at national poverty lines
20.9%
2021
n/a
Gross capital formation, % of GDP
22.2%
2025
24.8%
2024

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/oman | 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 (2020–2025, 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.

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.