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Economy of Lithuania vs South Africa compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $427B for South Africa, ranking 79/197 and 40/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $336B (78.6% of GDP) in South Africa.

Lithuania vs South Africa GDP by year

Lithuania
South Africa
1x
Year GDP, current $
Lithuania South Africa
2025 $95,210,150,818 $427,184,325,997
2024 $85,503,938,574 $401,144,998,374
2023 $80,356,613,555 $381,440,724,491
2022 $70,639,687,326 $407,596,043,068
2021 $67,072,165,721 $419,986,284,375
2020 $57,412,038,533 $337,974,655,408
2019 $55,122,066,226 $389,330,032,224
2018 $54,261,795,149 $405,260,723,893
2017 $47,756,764,508 $381,448,814,653
2016 $42,970,749,245 $323,585,509,674
2015 $41,540,954,817 $346,709,790,459
2014 $48,306,546,657 $381,198,869,776
2013 $46,303,660,422 $400,886,013,596
2012 $42,709,372,067 $434,400,545,086
2011 $43,186,501,863 $458,199,494,831
2010 $36,638,128,534 $417,363,822,802
2009 $37,494,380,039 $329,754,060,647
2008 $47,831,254,208 $316,131,258,616
2007 $39,729,151,615 $333,077,117,254
2006 $30,116,192,747 $303,858,675,364
2005 $26,105,207,115 $288,867,217,197
2004 $22,743,164,431 $255,806,908,595
2003 $18,809,197,970 $197,018,965,309
2002 $14,282,292,665 $129,087,556,612
2001 $12,260,761,329 $135,429,905,923
2000 $11,550,695,727 $151,752,757,215
1999 $11,022,095,814 $151,516,957,079
1998 $11,289,161,847 $152,982,984,557
1997 $10,168,271,903 $168,978,057,328
1996 $8,430,207,164 $163,234,925,381
1995 $7,921,210,340 $171,735,933,897
1994 - $153,512,712,382
1993 - $147,194,747,566
1992 - $146,956,150,987
1991 - $135,203,698,238
1990 - $126,048,140,142
1989 - $108,055,624,082
1988 - $103,976,831,871
1987 - $96,535,763,418
1986 - $73,354,771,399
1985 - $64,459,376,087
1984 - $84,870,163,366
1983 - $96,204,110,942
1982 - $85,904,057,409
1981 - $93,141,472,164
1980 - $89,411,864,402
1979 - $63,038,658,089
1978 - $51,607,412,902
1977 - $45,328,411,332
1976 - $41,150,460,288
1975 - $42,906,905,672
1974 - $41,389,186,095
1973 - $33,262,772,008
1972 - $24,515,919,217
1971 - $23,411,076,638
1970 - $21,218,391,513
1969 - $19,256,992,297
1968 - $17,124,793,150
1967 - $15,821,393,671
1966 - $14,211,394,315
1965 - $13,068,994,772
1964 - $11,955,995,218
1963 - $10,854,195,658
1962 - $9,813,996,074
1961 - $9,225,996,310
1960 - $8,748,596,501

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

GeoRank.org/economy/lithuania/south-africa | CC BY

GDP per capita in Lithuania vs South Africa by year

Lithuania
GDP per capita

GDP per capita, PPP
South Africa
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania South Africa
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $6,598 -
2024 $29,604 $55,286 $6,267 $15,456
2023 $27,983 $52,348 $6,034 $15,200
2022 $24,947 $50,936 $6,534 $14,749
2021 $23,883 $45,874 $6,829 $13,682
2020 $20,429 $41,263 $5,581 $12,671
2019 $19,609 $40,564 $6,534 $13,361
2018 $19,247 $36,492 $6,914 $13,347
2017 $16,800 $31,305 $6,618 $13,738
2016 $14,934 $28,699 $5,651 $13,519
2015 $14,270 $26,949 $6,112 $13,398
2014 $16,446 $26,275 $6,857 $13,359
2013 $15,637 $24,890 $7,332 $13,369
2012 $14,288 $23,275 $8,077 $12,987
2011 $14,262 $21,558 $8,646 $13,143
2010 $11,829 $18,719 $7,973 $12,637
2009 $11,854 $17,055 $6,375 $12,261
2008 $14,956 $19,410 $6,185 $12,525
2007 $12,295 $17,969 $6,592 $12,047
2006 $9,210 $15,522 $6,077 $11,250
2005 $7,857 $13,951 $5,837 $10,441
2004 $6,735 $12,605 $5,221 $9,714
2003 $5,507 $11,660 $4,062 $9,139
2002 $4,148 $10,296 $2,688 $8,792
2001 $3,533 $9,399 $2,847 $8,428
2000 $3,301 $8,475 $3,218 $8,095
1999 $3,128 $7,918 $3,242 $7,667
1998 $3,181 $7,846 $3,310 $7,463
1997 $2,844 $7,167 $3,700 $7,433
1996 $2,341 $6,479 $3,618 $7,208
1995 $2,183 $6,023 $3,856 $6,875
1994 - $5,667 $3,489 $6,611
1993 - $6,107 $3,400 $6,375
1992 - $7,087 $3,462 $6,275
1991 - $8,790 $3,243 $6,383
1990 - $9,030 $3,093 $6,382
1989 - - $2,727 -
1988 - - $2,702 -
1987 - - $2,586 -
1986 - - $2,027 -
1985 - - $1,839 -
1984 - - $2,504 -
1983 - - $2,938 -
1982 - - $2,717 -
1981 - - $3,050 -
1980 - - $3,029 -
1979 - - $2,202 -
1978 - - $1,852 -
1977 - - $1,671 -
1976 - - $1,559 -
1975 - - $1,670 -
1974 - - $1,656 -
1973 - - $1,369 -
1972 - - $1,038 -
1971 - - $1,020 -
1970 - - $952 -
1969 - - $891 -
1968 - - $817 -
1967 - - $779 -
1966 - - $722 -
1965 - - $685 -
1964 - - $646 -
1963 - - $605 -
1962 - - $563 -
1961 - - $546 -
1960 - - $532 -

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

GeoRank.org/economy/lithuania/south-africa | CC BY

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $6,598 in South Africa, ranking 109/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while South Africa ranks 112th at $15,456.

Economic indicators

Lithuania South Africa
Gross domestic product
$95.2B
2025
$427B
2025
GDP rank
79/197
2025
40/197
2025
GDP growth
2.92%
2024-2025
1.11%
2024-2025
GDP per capita
$32,959
2025
$6,598
2025
GDP per capita rank
39/197
2025
109/197
2025
GDP per capita, PPP
$55,286
2024
$15,456
2024
GDP per capita PPP rank
39/197
2024
112/197
2024
Government debt
$37.9B
2025
$336B
2025
Debt-to-GDP ratio
39.8%
2025
78.6%
2025
Government debt per person
$13,127
2025
$5,189
2025
Government debt per person rank
49/185
2025
84/185
2025
Average annual personal income after taxes
$20,453
2026
$4,738
2026
Market capitalization of domestic companies n/a
$1.4T
2025
Number of millionaires n/a
97,000
2026
Number of billionaires n/a
7
2026
Income share by richest 10%
27.3%
2023
42.1%
2022
Income share by poorest 10%
2.2%
2023
1.4%
2022
Government expenditure, % of GDP
41.2%
2025
34.2%
2025
Consumer prices inflation
3.79%
2024-2025
3.21%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
6.9%
2025
32.3%
2024
Population
2845693
65829368

Spending and national debt comparison by year

Lithuania
Spending

Debt
South Africa
Spending

Debt
1x
Year % of GDP
Lithuania South Africa
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 34.2% 78.6%
2024 39.4% 38% 33% 76%
2023 37.2% 37.1% 32.5% 73.2%
2022 36.6% 38.3% 31.9% 70.7%
2021 37.3% 43.3% 32.7% 68.8%
2020 42.4% 45.9% 34.6% 68.9%
2019 34.6% 35.6% 31.4% 56.1%
2018 33.8% 33.3% 30.2% 51.5%
2017 33.4% 39.1% 29.9% 48.6%
2016 34.5% 39.8% 29.9% 47.1%
2015 35.2% 42.4% 30.2% 45.2%
2014 35% 40.7% 29.3% 43.3%
2013 35.7% 38.9% 28.9% 40.4%
2012 36.6% 39.9% 28.6% 37.4%
2011 40.1% 37.5% 28.1% 34.7%
2010 43% 36.7% 28.3% 31.2%
2009 44.8% 27.9% 28.5% 27%
2008 38.2% 14.6% 26% 24%
2007 35.3% 15.9% 24.4% 24.3%
2006 34.4% 17.3% 24.7% 28%
2005 34.1% 17.6% 25.1% 29.6%
2004 33.9% 18.6% 22.7% 30.7%
2003 32.8% 20.4% 22.6% 31.5%
2002 34.4% 22.1% 22.2% 31.8%
2001 36.5% 22.9% 22.6% 38%
2000 38.7% 23.5% 22.6% 37.9%
1999 42.4% 28% 26.7% 45.9%
1998 39.6% 21.7% 27.1% 45.8%
1997 35.1% - 27.9% 45.8%
1996 34.4% - 28.5% 44.3%
1995 35.5% - 27.2% 47%
1994 - - 31.3% 46.4%
1993 - - 29.1% 39.8%
1992 - - 29.8% 34.8%
1991 - - 27.8% 34.7%
1990 - - 28.7% 31.8%
1989 - - 29.6% 33.3%
1988 - - 23.9% 30.6%
1987 - - 28% 33.5%
1986 - - 27.8% 32.5%
1985 - - 26.8% 26.3%
1984 - - 25.2% 23.2%
1983 - - 25.1% 28.7%
1982 - - 23.8% 31.3%
1981 - - 23.3% 27.4%
1980 - - 21.8% 33.3%
1979 - - 26.5% 41.9%
1978 - - 26.8% 44.7%
1977 - - 27.3% 45.3%
1976 - - 23% 35%
1975 - - 21.2% 32.8%
1974 - - 19.1% 33.7%
1973 - - 21% 38.2%
1972 - - 22.9% 41.1%
1971 - - 19.9% 41.1%
1970 - - 20% 43.3%
1969 - - 18.8% 44.4%
1968 - - 19.4% 42.7%
1967 - - 18.8% 41.1%
1966 - - 18.3% 41.4%
1965 - - 18.2% 42.7%
1964 - - 11.3% 30%
1963 - - 15.9% 43.4%
1962 - - 15.9% 45.7%
1961 - - 15.7% 52.8%
1960 - - 16.7% 52.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/lithuania/south-africa | CC BY

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while South Africa spent $146B, or 34.2% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 78.6% in South Africa, ranking 135/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

South Africa
1x
Year Deficit/surplus, % of GDP
Lithuania South Africa
2025 -2.18% -5.78%
2024 -1.28% -5.67%
2023 -0.66% -5.6%
2022 -0.72% -4.25%
2021 -1.15% -5.54%
2020 -6.42% -9.62%
2019 0.41% -5.07%
2018 0.52% -3.73%
2017 0.36% -4.02%
2016 0.03% -3.72%
2015 -0.77% -4.37%
2014 -1.79% -3.93%
2013 -2.69% -3.9%
2012 -3.15% -4.04%
2011 -5.92% -3.7%
2010 -6.95% -4.51%
2009 -9.09% -4.67%
2008 -3.09% -0.49%
2007 -0.82% 1.22%
2006 -0.27% 0.81%
2005 -0.34% -0.1%
2004 -1.39% -1.04%
2003 -1.26% -1.59%
2002 -1.85% -0.96%
2001 -3.52% -1.02%
2000 -3.18% -1.38%
1999 -7.82% -2.21%
1998 -4.93% -2.56%
1997 -0.76% -4.08%
1996 -3.58% -4.53%
1995 -3.31% -4.38%
1994 - -8.09%
1993 - -8.54%
1992 - -7.09%
1991 - -4.85%
1990 - -3.82%
1989 - -8.3%
1988 - -3.29%
1987 - -6.36%
1986 - -5.69%
1985 - -4.86%
1984 - -5.24%
1983 - -5.3%
1982 - -3.88%
1981 - -3.72%
1980 - -1.91%
1979 - -4.65%
1978 - -5.42%
1977 - -5.52%
1976 - -4.19%
1975 - -2.62%
1974 - -1.5%
1973 - -4.54%
1972 - -5.39%
1971 - -1.96%
1970 - -3.19%
1969 - -3.94%
1968 - -3.38%
1967 - -3.8%
1966 - -3.04%
1965 - -3.15%
1964 - -1.19%
1963 - -2.26%
1962 - -1.4%
1961 - -3.25%
1960 - -2.36%
1959 - -4.4%
1958 - -3.5%
1957 - -2.8%
1956 - -2.12%
1955 - -2.9%
1954 - -2.53%
1953 - -3.72%
1952 - -4.14%
1951 - -0.4%
1950 - -2.33%
1949 - -6.87%
1948 - -6.03%
1947 - -1.82%
1946 - -4.03%
1945 - -7.41%
1944 - -8.94%
1943 - -8.49%
1942 - -9.08%
1941 - -7.3%
1940 - -10.9%
1939 - -2.96%
1938 - -3.91%
1937 - -2.16%
1936 - -2.58%
1935 - -3.2%
1934 - -3.29%
1933 - -3.31%
1932 - -4.72%
1931 - -5.31%
1930 - -5.19%
1929 - -4.41%
1928 - -3.29%
1927 - -3.79%
1926 - -4.76%
1925 - -4.92%
1924 - -4.72%
1923 - -5.53%
1922 - -4.51%
1921 - -5.38%
1920 - -5.52%
1919 - -2.6%
1918 - -3.7%
1917 - -3.52%
1916 - -2.57%
1915 - -10.7%
1914 - -11.6%
1913 - -4.15%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/lithuania/south-africa | 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 South Africa's deficit of $24.7B, or 5.78% of GDP.

Over the past 31 years, Lithuania recorded a fiscal deficit in 27 of those years, while South Africa ran a deficit in 29 years. On average, Lithuania posted an annual deficit equal to 2.5% of GDP, compared to deficit of 3.37% of GDP for South Africa.

Inflation comparison by year

Inflation
Lithuania

South Africa
1x
Year Consumer prices inflation
Lithuania South Africa
2025 3.79% 3.21%
2024 0.72% 4.36%
2023 9.12% 6.08%
2022 19.7% 7.04%
2021 4.68% 4.62%
2020 1.2% 3.23%
2019 2.33% 4.1%
2018 2.7% 4.51%
2017 3.72% 5.19%
2016 0.91% 6.6%
2015 -0.88% 4.52%
2014 0.1% 6.13%
2013 1.05% 5.78%
2012 3.09% 5.74%
2011 4.13% 5%
2010 1.32% 4.07%
2009 4.45% 7.24%
2008 10.9% 9.91%
2007 5.74% 6.18%
2006 3.74% 3.24%
2005 2.66% 2.06%
2004 1.16% -0.69%
2003 -1.13% 5.68%
2002 0.28% 9.49%
2001 1.37% 5.7%
2000 0.98% 5.34%
1999 0.73% 5.18%
1998 5.07% 6.88%
1997 8.88% 8.6%

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

GeoRank.org/economy/lithuania/south-africa | CC BY

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 3.54%, compared with 5.34% in South Africa. In 2025, inflation was 3.79% in Lithuania and 3.21% in South Africa.

Top exports between countries

Lithuania
Export category Export value
Raw agricultural goods $78M
Machinery & equipment $21.9M
IT & IP services $10.4M
Chemicals & pharma $8.86M
Processed food, beverages & tobacco $5.95M
Business & finance services $3.42M
Raw materials & minerals $3.1M
Textiles & consumer goods $2.64M
Animal & marine products $795K
Transport & tourism services $541K
South Africa
Export category Export value
Raw materials & minerals $39.6M
Raw agricultural goods $8.33M
Chemicals & pharma $1.61M
Processed food, beverages & tobacco $1.45M
Textiles & consumer goods $1.27M
Machinery & equipment $919K
Metals $559K
Precious metals & jewellery $80K
Weapons & explosives $8K
Wood & paper products $4K

Balance of trade

Lithuania South Africa
Current account balance
$900M
2025
-$1.81B
2025
Current account balance ranking
51/190
2025
135/190
2025
Current account balance, % of GDP
+0.94%
2025
-0.42%
2025
Goods imports
$48.3B
2025
$104B
2025
Goods exports
$40.7B
2025
$116B
2025
Service imports
$17.5B
2025
$21.8B
2025
Service exports
$28.8B
2025
$18.1B
2025
Imports of goods and services, % of GDP
69.1%
2025
29.5%
2025
Exports of goods and services, % of GDP
73%
2025
31.4%
2025

Economic freedom indices

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

Lithuania South Africa
Economic freedom 75.3 58.6
Economic freedom ranking 18/197 110/197
Property rights 91.8 48.8
Government integrity 71.4 46.7
Judicial effectiveness 73.2 64.6
Tax burden 76.2 65.4
Government spending 57.3 68.4
Fiscal health 95.8 45.3
Business freedom 84.2 67.9
Labor freedom 58.1 70.8
Monetary freedom 76.7 75.8
Trade freedom 79.4 68.8
Investment freedom 70 40
Financial freedom 70 40

Economic freedom comparison by year

Lithuania
South Africa
1x
Year Economic freedom index
Lithuania South Africa
2026 75.3 58.6
2025 74.6 57.3
2024 72.9 55.3
2023 72.2 55.7
2022 75.8 56.2
2021 76.9 59.7
2020 76.7 58.8
2019 74.2 58.3
2018 75.3 63
2017 75.8 62.3
2016 75.2 61.9
2015 74.7 62.6
2014 73 62.5
2013 72.1 61.8
2012 71.5 62.7
2011 71.3 62.7
2010 70.3 62.8
2009 70 63.8
2008 70.9 63.4
2007 71.5 63.5
2006 71.8 63.7
2005 70.5 62.9
2004 72.4 66.3
2003 69.7 67.1
2002 66.1 64
2001 65.5 63.8
2000 61.9 63.7
1999 61.5 63.3
1998 59.4 64.3
1997 57.3 63.2
1996 49.7 62.5
1995 - 60.7

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

GeoRank.org/economy/lithuania/south-africa | CC BY

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 58.6 for South Africa, ranking 110/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania South Africa
Services, % of GDP
64.8%
2025
63.1%
2025
Industry, % of GDP
22.1%
2025
24.1%
2025
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
2.83%
2025
GNI, Atlas method
$88.1B
2025
$406B
2025
GNI per capita, PPP
$55,010
2025
$15,600
2025
Total reserves including gold
$7.06B
2025
$76B
2025
Total reserves ranking
90/177
2025
35/177
2025
Net foreign direct investment
-$2.96B
2025
-$1.85B
2025
Net inflows of foreign direct investment
$4.7B
2024
$2.33B
2024
Net outflows of foreign direct investment
$795M
2024
-$1.26B
2024
Servicing debt to the IMF, % of GNI n/a
5.74%
2024
Poverty at national poverty lines
20.9%
2021
37.9%
2022
Gross capital formation, % of GDP
22.2%
2025
13.9%
2025

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/south-africa | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.