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Economy of Lithuania vs Uruguay compared: GDP & Debt

Updated on by Georank team

Lithuania has a GDP of $84.9B compared to $81B for Uruguay, ranking 79/197 and 81/197 by economy size, respectively.

Lithuania has $32.4B in government debt (38.2% of GDP), compared to $55.6B (68.7% of GDP) in Uruguay.

Lithuania vs Uruguay GDP by year

Lithuania
Uruguay
1x
Year GDP, current $
Lithuania Uruguay
2024 $84,869,215,513 $80,961,511,074
2023 $79,789,877,416 $77,991,666,838
2022 $71,033,884,500 $70,594,110,920
2021 $67,037,321,009 $60,739,084,241
2020 $57,412,038,533 $53,559,359,262
2019 $55,122,066,226 $62,222,313,619
2018 $54,261,795,149 $65,344,577,416
2017 $47,756,764,508 $65,005,997,963
2016 $42,970,749,245 $57,480,787,465
2015 $41,540,954,817 $57,680,327,999
2014 $48,306,546,657 $61,496,186,974
2013 $46,303,660,422 $61,337,621,934
2012 $42,709,372,067 $54,232,266,359
2011 $43,186,501,863 $50,342,406,067
2010 $36,638,128,534 $41,950,361,212
2009 $37,494,380,039 $32,708,319,078
2008 $47,831,254,208 $31,119,602,539
2007 $39,729,151,615 $23,797,773,024
2006 $30,116,192,747 $19,741,420,740
2005 $26,105,207,115 $17,362,857,684
2004 $22,743,164,431 $13,686,329,890
2003 $18,809,197,970 $12,045,638,352
2002 $14,282,292,665 $13,606,515,723
2001 $12,260,761,329 $20,898,761,742
2000 $11,550,695,727 $22,823,270,892
1999 $11,022,095,814 $23,983,945,191
1998 $11,289,161,847 $25,385,886,978
1997 $10,168,271,903 $23,969,739,234
1996 $8,430,207,164 $20,515,458,114
1995 $7,921,210,340 $19,297,663,097
1994 - $17,474,588,896
1993 - $15,002,136,971
1992 - $12,878,148,791
1991 - $11,206,176,651
1990 - $9,298,807,850
1989 - $8,438,951,476
1988 - $8,213,538,369
1987 - $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

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

GDP per capita in Lithuania vs Uruguay by year

Lithuania
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $29,384 $55,286 $23,907 $36,418
2023 $27,786 $52,348 $23,019 $34,471
2022 $25,086 $50,936 $20,819 $33,001
2021 $23,870 $45,874 $17,882 $29,432
2020 $20,429 $41,263 $15,758 $25,725
2019 $19,609 $40,564 $18,316 $25,783
2018 $19,247 $36,492 $19,250 $24,386
2017 $16,800 $31,305 $19,185 $23,607
2016 $14,934 $28,699 $17,010 $22,841
2015 $14,270 $26,949 $17,126 $22,169
2014 $16,446 $26,275 $18,322 $21,868
2013 $15,637 $24,890 $18,335 $20,661
2012 $14,288 $23,275 $16,260 $19,495
2011 $14,262 $21,558 $15,132 $19,135
2010 $11,829 $18,719 $12,641 $17,873
2009 $11,854 $17,055 $9,881 $16,422
2008 $14,956 $19,410 $9,424 $15,694
2007 $12,295 $17,969 $7,222 $14,397
2006 $9,210 $15,522 $6,001 $13,179
2005 $7,857 $13,951 $5,284 $12,296
2004 $6,735 $12,605 $4,169 $11,103
2003 $5,507 $11,660 $3,671 $10,303
2002 $4,148 $10,296 $4,150 $10,030
2001 $3,533 $9,399 $6,383 $10,719
2000 $3,301 $8,475 $6,988 $10,929
1999 $3,128 $7,918 $7,371 $10,938
1998 $3,181 $7,846 $7,837 $11,002
1997 $2,844 $7,167 $7,436 $10,461
1996 $2,341 $6,479 $6,398 $9,524
1995 $2,183 $6,023 $6,050 $8,906
1994 - $5,667 $5,508 $8,897
1993 - $6,107 $4,753 $8,162
1992 - $7,087 $4,102 $7,808
1991 - $8,790 $3,589 $7,112
1990 - $9,030 $2,995 $6,683
1989 - - $2,734 -
1988 - - $2,677 -
1987 - - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

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

Lithuania's GDP per capita is $29,384, ranking 43/197, compared to $23,907 in Uruguay, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Uruguay ranks 61st at $36,418.

Economic indicators

Lithuania Uruguay
Gross domestic product
$84.9B
2024
$81B
2024
GDP rank
79/197
2024
81/197
2024
GDP growth
2.77%
2023-2024
3.11%
2023-2024
GDP per capita
$29,384
2024
$23,907
2024
GDP per capita rank
43/197
2024
52/197
2024
GDP per capita, PPP
$55,286
2024
$36,418
2024
GDP per capita PPP rank
39/197
2024
61/197
2024
Government debt
$32.4B
2024
$55.6B
2024
Debt-to-GDP ratio
38.2%
2024
68.7%
2024
Government debt per person
$11,232
2024
$16,421
2024
Government debt per person rank
49/185
2024
38/185
2024
Average annual personal income after taxes
$19,946
2026
$12,433
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
27.3%
2023
30%
2024
Income share by poorest 10%
2.2%
2023
2.2%
2024
Government expenditure, % of GDP
39.5%
2024
31.1%
2024
Consumer prices inflation
0.72%
2023-2024
4.85%
2023-2024
Central bank interest rate n/a
8.25%
2025
Unemployment rate
7.1%
2024
8.21%
2024
Population
2829914
3382789

Spending and national debt comparison by year

Lithuania
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Lithuania Uruguay
Government spending Government debt Government spending Government debt
2024 39.5% 38.2% 31.1% 68.7%
2023 37.4% 37.3% 30.5% 64%
2022 36.3% 38.1% 30% 59.9%
2021 37.3% 43.3% 30.2% 64.1%
2020 42.4% 45.9% 32.8% 68.2%
2019 34.6% 35.6% 30.6% 59.6%
2018 33.8% 33.3% 30.3% 57.9%
2017 33.4% 39.3% 29.7% 55.8%
2016 34.5% 40% 29.7% 56.4%
2015 35.2% 42.6% 28.4% 57.8%
2014 35% 40.7% 29.1% 51.1%
2013 35.7% 38.9% 28.8% 50%
2012 36.6% 39.9% 27.7% 49.8%
2011 40.1% 37.5% 26.3% 41.3%
2010 43% 36.7% 27.4% 40.9%
2009 44.8% 27.9% 27.2% 46.2%
2008 38.2% 14.6% 26.3% 46.2%
2007 35.3% 15.9% 26.8% 52.8%
2006 34.4% 17.3% 26.8% 61.1%
2005 34.1% 17.6% 26.3% 66.2%
2004 33.9% 18.6% 26.6% 73.7%
2003 32.8% 20.4% 27.7% 91.9%
2002 34.4% 22.1% 27.6% 90.1%
2001 36.5% 22.9% 27.8% 39.4%
2000 38.7% 23.5% 26.6% 30.5%
1999 42.4% 28% 27.2% 24.1%
1998 39.6% 21.7% 27.3% 19.4%
1997 35% - 27.6% 18.8%
1996 34.4% - 26.5% 18.3%
1995 35.5% - 26.2% 18.5%
1994 - - 29.5% 19.3%
1993 - - 27.7% 20%
1992 - - 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-02-20).

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

In 2024, Lithuania's government spending was $33.5B, accounting for 39.5% of its GDP, while Uruguay spent $25.2B, or 31.1% of GDP.

Debt-to-GDP ratio is 38.2% in Lithuania and 68.7% in Uruguay, ranking 139/185 and 59/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Uruguay
1x
Year Deficit/surplus, % of GDP
Lithuania Uruguay
2024 -1.28% -3.22%
2023 -0.69% -3.13%
2022 -0.72% -2.52%
2021 -1.15% -2.61%
2020 -6.42% -4.64%
2019 0.41% -2.71%
2018 0.52% -1.89%
2017 0.36% -2.51%
2016 0.03% -2.68%
2015 -0.77% -1.86%
2014 -1.79% -2.6%
2013 -2.69% -1.72%
2012 -3.15% -2.17%
2011 -5.92% -0.33%
2010 -6.95% -0.39%
2009 -9.09% -1.39%
2008 -3.09% -1.31%
2007 -0.82% -0.16%
2006 -0.27% -0.64%
2005 -0.34% -0.28%
2004 -1.39% -0.87%
2003 -1.26% -2.19%
2002 -1.85% -3.19%
2001 -3.52% -2.85%
2000 -3.18% -2.76%
1999 -7.82% -2.76%
1998 -4.93% -0.76%
1997 -0.76% -0.97%
1996 -3.59% -1.32%
1995 -3.31% -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, retrieved 2026-02-20).

GeoRank.org/economy/lithuania/uruguay | 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 Uruguay's deficit of $2.6B, or 3.22% of GDP.

Over the past 30 years, Lithuania recorded a fiscal deficit in 26 of those years, while Uruguay ran a deficit in 30 years. On average, Lithuania posted an annual deficit equal to 2.51% of GDP, compared to deficit of 1.92% of GDP for Uruguay.

Inflation comparison by year

Inflation
Lithuania

Uruguay
1x
Year Consumer prices inflation
Lithuania Uruguay
2024 0.72% 4.85%
2023 9.12% 5.87%
2022 19.7% 9.1%
2021 4.68% 7.75%
2020 1.2% 9.76%
2019 2.33% 7.88%
2018 2.7% 7.61%
2017 3.72% 6.22%
2016 0.91% 9.64%
2015 -0.88% 8.67%
2014 0.1% 8.88%
2013 1.05% 8.58%
2012 3.09% 8.1%
2011 4.13% 8.09%
2010 1.32% 6.7%
2009 4.45% 7.06%
2008 10.9% 7.88%
2007 5.74% 8.11%
2006 3.74% 6.4%
2005 2.66% 4.7%
2004 1.16% 9.16%
2003 -1.13% 19.4%
2002 0.28% 14%
2001 1.37% 4.36%
2000 0.98% 4.76%
1999 0.73% 5.66%
1998 5.07% 10.8%
1997 8.88% 19.8%

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

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

Over the past 28 years, Lithuania has recorded an average annual inflation rate of 3.53%, compared with 8.56% in Uruguay. In 2024, inflation was 0.72% in Lithuania and 4.85% in Uruguay.

Top exports between countries

Lithuania
Export category Export value
Processed food, beverages & tobacco $2.69M
Raw materials & minerals $1.36M
Manufacturing & construction services $1.3M
Machinery & equipment $512K
Business & finance services $469K
Raw agricultural goods $327K
Textiles & consumer goods $256K
Animal & marine products $145K
Transport & tourism services $111K
Metals $69K
Uruguay
Export category Export value
Animal & marine products $1.03M
Textiles & consumer goods $421K
Raw agricultural goods $228K
Metals $189K
Wood & paper products $117K
Machinery & equipment $36K
Processed food, beverages & tobacco $5K

Balance of trade

Lithuania Uruguay
Current account balance
$2.77B
2024
-$633M
2024
Current account balance ranking
41/190
2024
111/190
2024
Current account balance, % of GDP
+3.27%
2024
-0.78%
2024
Goods imports
$43.8B
2024
$13B
2024
Goods exports
$38.9B
2024
$16.3B
2024
Service imports
$14.7B
2024
$6.22B
2024
Service exports
$24.3B
2024
$7.1B
2024
Imports of goods and services, % of GDP
68.9%
2024
23.7%
2024
Exports of goods and services, % of GDP
74.1%
2024
28.8%
2024

Economic freedom indices

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

Lithuania Uruguay
Economic freedom 75.3 69.8
Economic freedom ranking 18/197 39/197
Property rights 91.8 87.4
Government integrity 71.4 79
Judicial effectiveness 73.2 80.9
Tax burden 76.2 73.3
Government spending 57.3 72
Fiscal health 95.8 76.6
Business freedom 84.2 83.8
Labor freedom 58.1 61.7
Monetary freedom 76.7 70.2
Trade freedom 79.4 73.2
Investment freedom 70 50
Financial freedom 70 30

Economic freedom comparison by year

Lithuania
Uruguay
1x
Year Economic freedom index
Lithuania Uruguay
2026 75.3 69.8
2025 74.6 70.2
2024 72.9 69.8
2023 72.2 70.2
2022 75.8 70
2021 76.9 69.3
2020 76.7 69.1
2019 74.2 68.6
2018 75.3 69.2
2017 75.8 69.7
2016 75.2 68.8
2015 74.7 68.6
2014 73 69.3
2013 72.1 69.7
2012 71.5 69.9
2011 71.3 70
2010 70.3 69.8
2009 70 69.1
2008 70.9 67.9
2007 71.5 68.4
2006 71.8 65.3
2005 70.5 66.9
2004 72.4 66.7
2003 69.7 69.8
2002 66.1 68.7
2001 65.5 70.7
2000 61.9 69.3
1999 61.5 68.5
1998 59.4 68.6
1997 57.3 67.5
1996 49.7 63.7
1995 - 62.5

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Uruguay
Services, % of GDP
63.6%
2024
65.3%
2024
Industry, % of GDP
23.4%
2024
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
2.57%
2024
6.42%
2024
GNI, Atlas method
$78.4B
2024
$73.3B
2024
GNI per capita, PPP
$53,920
2024
$34,170
2024
Total reserves including gold
$7.41B
2024
$17.4B
2024
Total reserves ranking
86/177
2024
66/177
2024
Net foreign direct investment
-$3.91B
2024
$2.58B
2024
Net inflows of foreign direct investment
$4.7B
2024
-$3.94B
2024
Net outflows of foreign direct investment
$795M
2024
-$1.37B
2024
Poverty at national poverty lines
20.9%
2021
17.3%
2024
Gross capital formation, % of GDP
20.4%
2024
15.6%
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/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1955–1998, 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 (2015–2024, 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.