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Economy of Lithuania vs United States compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $28.8T for the United States, ranking 79/197 and 1/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

Lithuania vs United States GDP by year

Lithuania
United States
1x
Year GDP, current $
Lithuania United States
2024 $84,869,215,513 $28,750,956,130,731
2023 $79,789,877,416 $27,292,170,793,214
2022 $71,033,884,500 $25,604,848,907,611
2021 $67,037,321,009 $23,315,080,560,000
2020 $57,412,038,533 $21,060,473,613,000
2019 $55,122,066,226 $21,380,976,119,000
2018 $54,261,795,149 $20,533,057,312,000
2017 $47,756,764,508 $19,477,336,549,000
2016 $42,970,749,245 $18,695,110,842,000
2015 $41,540,954,817 $18,206,020,741,000
2014 $48,306,546,657 $17,550,680,174,000
2013 $46,303,660,422 $16,843,190,993,000
2012 $42,709,372,067 $16,253,972,230,000
2011 $43,186,501,863 $15,599,728,123,000
2010 $36,638,128,534 $15,048,964,444,000
2009 $37,494,380,039 $14,478,064,934,000
2008 $47,831,254,208 $14,769,857,911,000
2007 $39,729,151,615 $14,474,226,905,000
2006 $30,116,192,747 $13,815,586,948,000
2005 $26,105,207,115 $13,039,199,193,000
2004 $22,743,164,431 $12,217,193,198,000
2003 $18,809,197,970 $11,456,442,041,000
2002 $14,282,292,665 $10,929,112,955,000
2001 $12,260,761,329 $10,581,929,774,000
2000 $11,550,695,727 $10,250,947,997,000
1999 $11,022,095,814 $9,631,174,489,000
1998 $11,289,161,847 $9,062,818,202,000
1997 $10,168,271,903 $8,577,554,457,000
1996 $8,430,207,164 $8,073,122,000,000
1995 $7,921,210,340 $7,639,749,000,000
1994 - $7,287,236,000,000
1993 - $6,858,559,000,000
1992 - $6,520,327,000,000
1991 - $6,158,129,000,000
1990 - $5,963,144,000,000
1989 - $5,641,580,000,000
1988 - $5,236,438,000,000
1987 - $4,855,215,000,000
1986 - $4,579,631,000,000
1985 - $4,338,979,000,000
1984 - $4,037,613,000,000
1983 - $3,634,038,000,000
1982 - $3,343,789,000,000
1981 - $3,207,041,000,000
1980 - $2,857,307,000,000
1979 - $2,627,333,000,000
1978 - $2,351,599,000,000
1977 - $2,081,826,000,000
1976 - $1,873,412,000,000
1975 - $1,684,904,000,000
1974 - $1,545,243,000,000
1973 - $1,425,376,000,000
1972 - $1,279,110,000,000
1971 - $1,164,850,000,000
1970 - $1,073,303,000,000
1969 - $1,017,438,172,414
1968 - $940,225,000,000
1967 - $859,620,034,483
1966 - $813,032,758,621
1965 - $741,904,862,069
1964 - $684,144,620,690
1963 - $637,058,551,724
1962 - $603,639,413,793
1961 - $561,940,310,345
1960 - $541,988,586,207

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/lithuania/united-states | CC BY

GDP per capita in Lithuania vs United States by year

Lithuania
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $84,534 $85,810
2023 $27,786 $52,348 $81,490 $82,305
2022 $25,086 $50,936 $76,829 $77,861
2021 $23,870 $45,874 $70,249 $71,307
2020 $20,429 $41,263 $63,526 $64,402
2019 $19,609 $40,564 $65,120 $65,228
2018 $19,247 $36,492 $62,823 $62,876
2017 $16,800 $31,305 $59,908 $60,048
2016 $14,934 $28,699 $57,867 $57,977
2015 $14,270 $26,949 $56,763 $56,849
2014 $16,446 $26,275 $55,124 $55,153
2013 $15,637 $24,890 $53,291 $53,297
2012 $14,288 $23,275 $51,784 $51,708
2011 $14,262 $21,558 $50,066 $50,025
2010 $11,829 $18,719 $48,651 $48,643
2009 $11,854 $17,055 $47,195 $47,195
2008 $14,956 $19,410 $48,570 $48,570
2007 $12,295 $17,969 $48,050 $48,050
2006 $9,210 $15,522 $46,302 $46,302
2005 $7,857 $13,951 $44,123 $44,123
2004 $6,735 $12,605 $41,725 $41,725
2003 $5,507 $11,660 $39,490 $39,490
2002 $4,148 $10,296 $37,998 $37,998
2001 $3,533 $9,399 $37,134 $37,134
2000 $3,301 $8,475 $36,330 $36,330
1999 $3,128 $7,918 $34,484 $34,515
1998 $3,181 $7,846 $32,823 $32,854
1997 $2,844 $7,167 $31,430 $31,459
1996 $2,341 $6,479 $29,937 $29,968
1995 $2,183 $6,023 $28,661 $28,691
1994 - $5,667 $27,662 $27,695
1993 - $6,107 $26,353 $26,387
1992 - $7,087 $25,381 $25,419
1991 - $8,790 $24,293 $24,342
1990 - $9,030 $23,840 $23,889
1989 - - $22,857 -
1988 - - $21,417 -
1987 - - $20,039 -
1986 - - $19,071 -
1985 - - $18,237 -
1984 - - $17,121 -
1983 - - $15,544 -
1982 - - $14,434 -
1981 - - $13,976 -
1980 - - $12,613 -
1979 - - $11,674 -
1978 - - $10,565 -
1977 - - $9,453 -
1976 - - $8,592 -
1975 - - $7,801 -
1974 - - $7,226 -
1973 - - $6,726 -
1972 - - $6,094 -
1971 - - $5,609 -
1970 - - $5,234 -
1969 - - $5,020 -
1968 - - $4,685 -
1967 - - $4,326 -
1966 - - $4,136 -
1965 - - $3,818 -
1964 - - $3,565 -
1963 - - $3,366 -
1962 - - $3,236 -
1961 - - $3,059 -
1960 - - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/lithuania/united-states | CC BY

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while the United States ranks 12th at $85,810.

Economic indicators

Lithuania United States
Gross domestic product
$84.9B
2024
$28.8T
2024
GDP rank
79/197
2024
1/197
2024
GDP growth
2.77%
2023-2024
2.79%
2023-2024
GDP per capita
$29,384
2024
$84,534
2024
GDP per capita rank
43/197
2024
10/197
2024
GDP per capita, PPP
$55,286
2024
$85,810
2024
GDP per capita PPP rank
39/197
2024
12/197
2024
Government debt
$32.4B
2024
$35.2T
2024
Debt-to-GDP ratio
38.2%
2024
122.3%
2024
Government debt per person
$11,232
2024
$103,404
2024
Government debt per person rank
49/185
2024
2/185
2024
Average annual personal income after taxes
$19,946
2026
$53,202
2026
Market capitalization of domestic companies n/a
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires n/a
902
2025
Income share by richest 10%
27.3%
2023
30.4%
2023
Income share by poorest 10%
2.2%
2023
1.8%
2023
Government expenditure, % of GDP
39.5%
2024
37.9%
2024
Consumer prices inflation
0.72%
2023-2024
2.95%
2023-2024
Central bank interest rate n/a
3.75%
2025
Unemployment rate
7.1%
2024
4.02%
2024
Population
2829914
344023146

Spending and national debt comparison by year

Lithuania
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Lithuania United States
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 37.9% 122.3%
2023 37.4% 37.3% 37.7% 119.8%
2022 36.3% 38.1% 36.8% 119.1%
2021 37.3% 43.3% 43.2% 125%
2020 42.4% 45.9% 44.7% 132.5%
2019 34.6% 35.6% 35.8% 108.8%
2018 33.8% 33.3% 35.3% 107.6%
2017 33.4% 39.3% 35.2% 106.4%
2016 34.5% 40% 35.3% 107.4%
2015 35.2% 42.6% 35% 105.4%
2014 35% 40.7% 35.3% 104.9%
2013 35.7% 38.9% 35.8% 105%
2012 36.6% 39.9% 37.2% 103.7%
2011 40.1% 37.5% 38.8% 100%
2010 43% 36.7% 39.8% 95.6%
2009 44.8% 27.9% 41.4% 87.1%
2008 38.2% 14.6% 37.1% 73.8%
2007 35.3% 15.9% 34.6% 64.9%
2006 34.4% 17.3% 33.7% 64.5%
2005 34.1% 17.6% 33.9% 65.8%
2004 33.9% 18.6% 33.7% 66.4%
2003 32.8% 20.4% 34% 59%
2002 34.4% 22.1% 33.7% 55.9%
2001 36.5% 22.9% 32.8% 53.5%
2000 38.7% 23.5% 31.7% 54.5%
1999 42.4% 28% 32.2% 60.5%
1998 39.6% 21.7% 32.8% 64.2%
1997 35% - 33.7% 67.4%
1996 34.4% - 34.7% 69.9%
1995 35.5% - 35.5% 70.7%
1994 - - 35.5% 71.1%
1993 - - 36.4% 71.9%
1992 - - 36.7% 70.3%
1991 - - 35.7% 67.9%
1990 - - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/lithuania/united-states | CC BY

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 122.3% in the United States, ranking 139/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

United States
1x
Year Deficit/surplus, % of GDP
Lithuania United States
2024 -1.28% -8.03%
2023 -0.69% -7.8%
2022 -0.72% -3.72%
2021 -1.15% -11.4%
2020 -6.42% -14.1%
2019 0.41% -5.81%
2018 0.52% -5.33%
2017 0.36% -4.79%
2016 0.03% -4.36%
2015 -0.77% -3.53%
2014 -1.79% -4.03%
2013 -2.69% -4.56%
2012 -3.15% -8.11%
2011 -5.92% -9.72%
2010 -6.95% -11%
2009 -9.09% -13.2%
2008 -3.09% -6.61%
2007 -0.82% -2.91%
2006 -0.27% -2.04%
2005 -0.34% -3.07%
2004 -1.39% -4.24%
2003 -1.26% -4.77%
2002 -1.85% -3.82%
2001 -3.52% -0.54%
2000 -3.18% 3.62%
1999 -7.82% 2.71%
1998 -4.93% 2.18%
1997 -0.76% 0.88%
1996 -3.59% -0.46%
1995 -3.31% -1.7%
1994 - -2.05%
1993 - -3.35%
1992 - -3.98%
1991 - -2.72%
1990 - -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/lithuania/united-states | 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 the United States' deficit of $2.31T, or 8.03% of GDP.

Over the past 30 years, Lithuania recorded a fiscal deficit in 26 of those years, while the United States ran a deficit in 26 years. On average, Lithuania posted an annual deficit equal to 2.51% of GDP, compared to deficit of 4.68% of GDP for the United States.

Inflation comparison by year

Inflation
Lithuania

United States
1x
Year Consumer prices inflation
Lithuania United States
2024 0.72% 2.95%
2023 9.12% 4.12%
2022 19.7% 8%
2021 4.68% 4.7%
2020 1.2% 1.23%
2019 2.33% 1.81%
2018 2.7% 2.44%
2017 3.72% 2.13%
2016 0.91% 1.26%
2015 -0.88% 0.12%
2014 0.1% 1.62%
2013 1.05% 1.46%
2012 3.09% 2.07%
2011 4.13% 3.16%
2010 1.32% 1.64%
2009 4.45% -0.36%
2008 10.9% 3.84%
2007 5.74% 2.85%
2006 3.74% 3.23%
2005 2.66% 3.39%
2004 1.16% 2.68%
2003 -1.13% 2.27%
2002 0.28% 1.59%
2001 1.37% 2.83%
2000 0.98% 3.38%
1999 0.73% 2.19%
1998 5.07% 1.55%
1997 8.88% 2.34%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/lithuania/united-states | CC BY

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 2.52% in the United States. In 2024, inflation was 0.72% in Lithuania and 2.95% in the United States.

Top exports between countries

Lithuania
Export category Export value
Chemicals & pharma $615M
Raw materials & minerals $601M
Machinery & equipment $328M
Textiles & consumer goods $223M
Metals $101M
Raw agricultural goods $41.6M
Wood & paper products $33.7M
Transport & tourism services $29.3M
Processed food, beverages & tobacco $25.7M
Animal & marine products $17.9M
United States
Export category Export value
Machinery & equipment $1.16B
Raw materials & minerals $289M
Chemicals & pharma $156M
Transport & tourism services $149M
Business & finance services $89M
Animal & marine products $86.3M
Raw agricultural goods $70.7M
Processed food, beverages & tobacco $47.6M
Weapons & explosives $45.4M
Textiles & consumer goods $29.9M

Balance of trade

Lithuania United States
Current account balance
$2.77B
2024
-$1.19T
2024
Current account balance ranking
41/190
2024
190/190
2024
Current account balance, % of GDP
+3.27%
2024
-4.12%
2024
Goods imports
$43.8B
2024
$3.3T
2024
Goods exports
$38.9B
2024
$2.08T
2024
Service imports
$14.7B
2024
$841B
2024
Service exports
$24.3B
2024
$1.15T
2024
Imports of goods and services, % of GDP
68.9%
2024
14.3%
2024
Exports of goods and services, % of GDP
74.1%
2024
11.1%
2024

Economic freedom indices

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

Lithuania United States
Economic freedom 75.3 72.8
Economic freedom ranking 18/197 27/197
Property rights 91.8 91.6
Government integrity 71.4 77.1
Judicial effectiveness 73.2 76.4
Tax burden 76.2 75.3
Government spending 57.3 57.9
Fiscal health 95.8 18.5
Business freedom 84.2 88.6
Labor freedom 58.1 76.3
Monetary freedom 76.7 84.2
Trade freedom 79.4 67.6
Investment freedom 70 80
Financial freedom 70 80

Economic freedom comparison by year

Lithuania
United States
1x
Year Economic freedom index
Lithuania United States
2026 75.3 72.8
2025 74.6 70.2
2024 72.9 70.1
2023 72.2 70.6
2022 75.8 72.1
2021 76.9 74.8
2020 76.7 76.6
2019 74.2 76.8
2018 75.3 75.7
2017 75.8 75.1
2016 75.2 75.4
2015 74.7 76.2
2014 73 75.5
2013 72.1 76
2012 71.5 76.3
2011 71.3 77.8
2010 70.3 78
2009 70 80.7
2008 70.9 81
2007 71.5 81.2
2006 71.8 81.2
2005 70.5 79.9
2004 72.4 78.7
2003 69.7 78.2
2002 66.1 78.4
2001 65.5 79.1
2000 61.9 76.4
1999 61.5 75.5
1998 59.4 75.4
1997 57.3 75.6
1996 49.7 76.7
1995 - 76.7

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

GeoRank.org/economy/lithuania/united-states | CC BY

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania United States
Services, % of GDP
63.6%
2024
79.7%
2024
Industry, % of GDP
23.4%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
0.85%
2024
GNI, Atlas method
$78.4B
2024
$28.4T
2024
GNI per capita, PPP
$53,920
2024
$85,980
2024
Total reserves including gold
$7.41B
2024
$910B
2024
Total reserves ranking
86/177
2024
3/177
2024
Net foreign direct investment
-$3.91B
2024
$25.1B
2024
Net inflows of foreign direct investment
$4.7B
2024
$297B
2024
Net outflows of foreign direct investment
$795M
2024
$322B
2024
Poverty at national poverty lines
20.9%
2021
15.1%
2020
Gross capital formation, % of GDP
20.4%
2024
21.8%
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/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.