Skip to content

Economy of Lithuania vs Romania compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $383B for Romania, ranking 79/197 and 42/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $220B (57.4% of GDP) in Romania.

Lithuania vs Romania GDP by year

Lithuania
Romania
1x
Year GDP, current $
Lithuania Romania
2024 $84,869,215,513 $382,564,217,989
2023 $79,789,877,416 $347,757,995,759
2022 $71,033,884,500 $295,319,437,557
2021 $67,037,321,009 $285,071,280,114
2020 $57,412,038,533 $250,625,048,304
2019 $55,122,066,226 $250,080,428,512
2018 $54,261,795,149 $241,791,427,224
2017 $47,756,764,508 $210,147,385,855
2016 $42,970,749,245 $185,290,759,249
2015 $41,540,954,817 $177,885,131,240
2014 $48,306,546,657 $199,722,319,676
2013 $46,303,660,422 $189,798,603,751
2012 $42,709,372,067 $179,117,323,107
2011 $43,186,501,863 $192,623,977,894
2010 $36,638,128,534 $170,064,350,672
2009 $37,494,380,039 $174,110,532,659
2008 $47,831,254,208 $214,315,932,061
2007 $39,729,151,615 $174,588,782,939
2006 $30,116,192,747 $122,023,735,993
2005 $26,105,207,115 $98,454,380,120
2004 $22,743,164,431 $74,973,656,852
2003 $18,809,197,970 $57,806,384,143
2002 $14,282,292,665 $46,065,502,703
2001 $12,260,761,329 $40,395,116,581
2000 $11,550,695,727 $37,253,739,511
1999 $11,022,095,814 $35,953,156,754
1998 $11,289,161,847 $41,696,091,974
1997 $10,168,271,903 $35,575,214,078
1996 $8,430,207,164 $36,937,074,278
1995 $7,921,210,340 $37,430,162,103
1994 - $30,072,805,104
1993 - $26,361,160,450
1992 - $25,121,666,667
1991 - $28,850,634,900
1990 - $38,247,882,300
1989 - $41,450,777,202
1988 - $40,424,528,302
1987 - $38,067,567,568

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Lithuania vs Romania by year

Lithuania
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $20,080 $49,077
2023 $27,786 $52,348 $18,244 $45,982
2022 $25,086 $50,936 $15,504 $41,979
2021 $23,870 $45,874 $14,908 $37,534
2020 $20,429 $41,263 $13,009 $34,194
2019 $19,609 $40,564 $12,910 $33,425
2018 $19,247 $36,492 $12,416 $29,383
2017 $16,800 $31,305 $10,728 $26,943
2016 $14,934 $28,699 $9,405 $23,905
2015 $14,270 $26,949 $8,977 $21,625
2014 $16,446 $26,275 $10,032 $20,633
2013 $15,637 $24,890 $9,498 $19,678
2012 $14,288 $23,275 $8,930 $19,808
2011 $14,262 $21,558 $9,561 $18,804
2010 $11,829 $18,719 $8,400 $17,355
2009 $11,854 $17,055 $8,548 $16,641
2008 $14,956 $19,410 $10,435 $16,782
2007 $12,295 $17,969 $8,360 $13,703
2006 $9,210 $15,522 $5,758 $11,554
2005 $7,857 $13,951 $4,618 $9,602
2004 $6,735 $12,605 $3,495 $8,989
2003 $5,507 $11,660 $2,679 $7,559
2002 $4,148 $10,296 $2,120 $7,162
2001 $3,533 $9,399 $1,825 $6,520
2000 $3,301 $8,475 $1,660 $5,850
1999 $3,128 $7,918 $1,600 $5,596
1998 $3,181 $7,846 $1,853 $5,545
1997 $2,844 $7,167 $1,577 $5,564
1996 $2,341 $6,479 $1,633 $5,746
1995 $2,183 $6,023 $1,650 $5,429
1994 - $5,667 $1,323 $4,995
1993 - $6,107 $1,158 $4,699
1992 - $7,087 $1,102 $4,515
1991 - $8,790 $1,254 $4,795
1990 - $9,030 $1,648 $5,280
1989 - - $1,790 -
1988 - - $1,753 -
1987 - - $1,659 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Romania ranks 47th at $49,077.

Economic indicators

Lithuania Romania
Gross domestic product
$84.9B
2024
$383B
2024
GDP rank
79/197
2024
42/197
2024
GDP growth
2.77%
2023-2024
0.92%
2023-2024
GDP per capita
$29,384
2024
$20,080
2024
GDP per capita rank
43/197
2024
58/197
2024
GDP per capita, PPP
$55,286
2024
$49,077
2024
GDP per capita PPP rank
39/197
2024
47/197
2024
Government debt
$32.4B
2024
$220B
2024
Debt-to-GDP ratio
38.2%
2024
57.4%
2024
Government debt per person
$11,232
2024
$11,533
2024
Government debt per person rank
49/185
2024
48/185
2024
Average annual personal income after taxes
$19,946
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
27.3%
2023
21.8%
2023
Income share by poorest 10%
2.2%
2023
2.4%
2023
Government expenditure, % of GDP
39.5%
2024
39.9%
2024
Consumer prices inflation
0.72%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
7.1%
2024
5.43%
2024
Population
2829914
18839108

Spending and national debt comparison by year

Lithuania
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Lithuania Romania
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 39.9% 57.4%
2023 37.4% 37.3% 36.6% 52.1%
2022 36.3% 38.1% 37.4% 51.7%
2021 37.3% 43.3% 37% 51.5%
2020 42.4% 45.9% 38.1% 49.3%
2019 34.6% 35.6% 33.2% 36.5%
2018 33.8% 33.3% 31.7% 36.2%
2017 33.4% 39.3% 31% 37.1%
2016 34.5% 40% 31.8% 39.5%
2015 35.2% 42.6% 34.2% 39.4%
2014 35% 40.7% 33.8% 40.5%
2013 35.7% 38.9% 34.2% 39.3%
2012 36.6% 39.9% 33.5% 36.2%
2011 40.1% 37.5% 35% 32.6%
2010 43% 36.7% 37.4% 30.2%
2009 44.8% 27.9% 36.3% 22.5%
2008 38.2% 14.6% 35.3% 13%
2007 35.3% 15.9% 34.6% 12.4%
2006 34.4% 17.3% 33.9% 12.7%
2005 34.1% 17.6% 32.3% 17.8%
2004 33.9% 18.6% 33.7% 21.3%
2003 32.8% 20.4% 31.8% 24.9%
2002 34.4% 22.1% 32.1% 27.4%
2001 36.5% 22.9% 33.2% 27.4%
2000 38.7% 23.5% 35% 29.6%
1999 42.4% 28% 35.1% 21.7%
1998 39.6% 21.7% 34.7% 16.5%
1997 35% - 33.5% 15%
1996 34.4% - 33.5% 11%
1995 35.5% - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 57.4% in Romania, ranking 139/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Romania
1x
Year Deficit/surplus, % of GDP
Lithuania Romania
2024 -1.28% -8.68%
2023 -0.69% -5.61%
2022 -0.72% -5.83%
2021 -1.15% -6.7%
2020 -6.42% -9.54%
2019 0.41% -4.55%
2018 0.52% -2.74%
2017 0.36% -2.86%
2016 0.03% -2.5%
2015 -0.77% -1.35%
2014 -1.79% -1.76%
2013 -2.69% -2.44%
2012 -3.15% -2.39%
2011 -5.92% -4.14%
2010 -6.95% -6.22%
2009 -9.09% -6.86%
2008 -3.09% -4.6%
2007 -0.82% -3.05%
2006 -0.27% -1.36%
2005 -0.34% -0.69%
2004 -1.39% -3.39%
2003 -1.26% -2.29%
2002 -1.85% -2.59%
2001 -3.52% -3.2%
2000 -3.18% -3.99%
1999 -7.82% -3.58%
1998 -4.93% -5.33%
1997 -0.76% -5.19%
1996 -3.59% -4.74%
1995 -3.31% -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/lithuania/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 30 years, Lithuania recorded a fiscal deficit in 26 of those years, while Romania ran a deficit in 30 years. On average, Lithuania posted an annual deficit equal to 2.51% of GDP, compared to deficit of 4.05% of GDP for Romania.

Inflation comparison by year

Inflation
Lithuania

Romania
1x
Year Consumer prices inflation
Lithuania Romania
2024 0.72% 5.6%
2023 9.12% 10.4%
2022 19.7% 13.8%
2021 4.68% 5%
2020 1.2% 2.6%
2019 2.33% 3.8%
2018 2.7% 4.6%
2017 3.72% 1.3%
2016 0.91% -1.6%
2015 -0.88% -0.6%
2014 0.1% 1.1%
2013 1.05% 4%
2012 3.09% 3.3%
2011 4.13% 5.8%
2010 1.32% 6.1%
2009 4.45% 5.6%
2008 10.9% 7.8%
2007 5.74% 4.8%
2006 3.74% 6.6%
2005 2.66% 9%
2004 1.16% 11.9%
2003 -1.13% 15.4%
2002 0.28% 22.5%
2001 1.37% 34.5%
2000 0.98% 45.7%
1999 0.73% 45.8%
1998 5.07% 59.1%
1997 8.88% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 17.5% in Romania. In 2024, inflation was 0.72% in Lithuania and 5.6% in Romania.

Top exports between countries

Lithuania
Export category Export value
Machinery & equipment $98.1M
Textiles & consumer goods $51.4M
Business & finance services $47.6M
Chemicals & pharma $38.2M
Processed food, beverages & tobacco $34.2M
Animal & marine products $28.8M
Raw materials & minerals $14M
Metals $14M
Raw agricultural goods $9.61M
Wood & paper products $6.71M
Romania
Export category Export value
Transport & tourism services $64.9M
Machinery & equipment $62M
Processed food, beverages & tobacco $53M
Chemicals & pharma $45.1M
Textiles & consumer goods $29.2M
Metals $15M
IT & IP services $11.1M
Business & finance services $9.79M
Wood & paper products $6.89M
Manufacturing & construction services $6.88M

Balance of trade

Lithuania Romania
Current account balance
$2.77B
2024
-$31.2B
2024
Current account balance ranking
41/190
2024
185/190
2024
Current account balance, % of GDP
+3.27%
2024
-8.16%
2024
Goods imports
$43.8B
2024
$129B
2024
Goods exports
$38.9B
2024
$93.3B
2024
Service imports
$14.7B
2024
$30.2B
2024
Service exports
$24.3B
2024
$42.9B
2024
Imports of goods and services, % of GDP
68.9%
2024
41.6%
2024
Exports of goods and services, % of GDP
74.1%
2024
35.6%
2024

Economic freedom indices

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

Lithuania Romania
Economic freedom 75.3 65.4
Economic freedom ranking 18/197 64/197
Property rights 91.8 81
Government integrity 71.4 50
Judicial effectiveness 73.2 67
Tax burden 76.2 89.1
Government spending 57.3 56.7
Fiscal health 95.8 21.4
Business freedom 84.2 74.4
Labor freedom 58.1 63.6
Monetary freedom 76.7 72.7
Trade freedom 79.4 79.4
Investment freedom 70 70
Financial freedom 70 60

Economic freedom comparison by year

Lithuania
Romania
1x
Year Economic freedom index
Lithuania Romania
2026 75.3 65.4
2025 74.6 66.5
2024 72.9 64.4
2023 72.2 64.5
2022 75.8 67.1
2021 76.9 69.5
2020 76.7 69.7
2019 74.2 68.6
2018 75.3 69.4
2017 75.8 69.7
2016 75.2 65.6
2015 74.7 66.6
2014 73 65.5
2013 72.1 65.1
2012 71.5 64.4
2011 71.3 64.7
2010 70.3 64.2
2009 70 63.2
2008 70.9 61.7
2007 71.5 61.2
2006 71.8 58.2
2005 70.5 52.1
2004 72.4 50
2003 69.7 50.6
2002 66.1 48.7
2001 65.5 50
2000 61.9 52.1
1999 61.5 50.1
1998 59.4 54.4
1997 57.3 50.8
1996 49.7 46.2
1995 - 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Romania
Services, % of GDP
63.6%
2024
62.6%
2024
Industry, % of GDP
23.4%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
2.81%
2024
GNI, Atlas method
$78.4B
2024
$335B
2024
GNI per capita, PPP
$53,920
2024
$47,920
2024
Total reserves including gold
$7.41B
2024
$73.4B
2024
Total reserves ranking
86/177
2024
35/177
2024
Net foreign direct investment
-$3.91B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$4.7B
2024
$7.16B
2024
Net outflows of foreign direct investment
$795M
2024
$1.99B
2024
Poverty at national poverty lines
20.9%
2021
19%
2023
Gross capital formation, % of GDP
20.4%
2024
25%
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/romania | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2024, 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 (1962–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.