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Economy of Lithuania vs Venezuela compared: GDP & Debt

Updated on by Georank

Lithuania has a GDP of $95.2B compared to $99.7B for Venezuela, ranking 79/197 and 78/197 by economy size, respectively.

Lithuania has $37.9B in government debt (39.8% of GDP), compared to $308B (309% of GDP) in Venezuela.

Lithuania vs Venezuela GDP by year

Lithuania
Venezuela
1x
Year GDP, current $
Lithuania Venezuela
2025 $95,210,150,818 $99,661,244,156
2024 $85,503,938,574 $120,566,112,397
2023 $80,356,613,555 $102,377,501,186
2022 $70,639,687,326 $89,013,251,021
2021 $67,072,165,721 $56,615,026,263
2020 $57,412,038,533 $42,837,965,907
2019 $55,122,066,226 $73,014,157,108
2018 $54,261,795,149 $101,987,075,929
2017 $47,756,764,508 $115,892,475,743
2016 $42,970,749,245 $112,948,035,495
2015 $41,540,954,817 $125,249,941,854
2014 $48,306,546,657 $214,838,755,022
2013 $46,303,660,422 $258,512,396,298
2012 $42,709,372,067 $371,846,610,182
2011 $43,186,501,863 $316,482,190,800
2010 $36,638,128,534 $393,192,354,511
2009 $37,494,380,039 $329,787,628,928
2008 $47,831,254,208 $315,953,388,511
2007 $39,729,151,615 $230,364,012,576
2006 $30,116,192,747 $183,477,522,124
2005 $26,105,207,115 $145,513,489,652
2004 $22,743,164,431 $112,451,400,425
2003 $18,809,197,970 $83,620,628,582
2002 $14,282,292,665 $92,893,587,734
2001 $12,260,761,329 $122,911,036,747
2000 $11,550,695,727 $117,146,466,003
1999 $11,022,095,814 $97,972,842,462
1998 $11,289,161,847 $91,336,763,255
1997 $10,168,271,903 $85,837,678,560
1996 $8,430,207,164 $70,543,211,119
1995 $7,921,210,340 $77,389,487,770
1994 - $58,418,666,667
1993 - $60,037,460,783
1992 - $60,416,519,620
1991 - $53,453,444,787
1990 - $48,606,952,195
1989 - $43,536,709,104
1988 - $60,226,413,793
1987 - $48,029,034,483
1986 - $60,516,123,711
1985 - $61,965,466,667
1984 - $59,867,743,468
1983 - $67,556,279,070
1982 - $67,736,744,186
1981 - $66,327,441,860
1980 - $59,116,511,628
1979 - $48,310,930,233
1978 - $39,316,279,070
1977 - $36,210,697,674
1976 - $31,419,534,884
1975 - $27,464,651,163
1974 - $26,100,930,233
1973 - $17,035,581,395
1972 - $13,977,727,273
1971 - $12,986,590,909
1970 - $11,561,111,111
1969 - $10,285,111,111
1968 - $10,034,444,444
1967 - $9,250,000,000
1966 - $8,781,333,333
1965 - $8,427,777,778
1964 - $8,192,413,793
1963 - $9,608,717,288
1962 - $8,814,309,884
1961 - $8,067,267,031
1960 - $7,663,938,303

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

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

GDP per capita in Lithuania vs Venezuela by year

Lithuania
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Lithuania Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,959 - $3,495 -
2024 $29,604 $55,286 $4,244 -
2023 $27,983 $52,348 $3,617 -
2022 $24,947 $50,936 $3,155 -
2021 $23,883 $45,874 $2,005 -
2020 $20,429 $41,263 $1,506 -
2019 $19,609 $40,564 $2,523 -
2018 $19,247 $36,492 $3,422 -
2017 $16,800 $31,305 $3,792 -
2016 $14,934 $28,699 $3,671 -
2015 $14,270 $26,949 $4,097 -
2014 $16,446 $26,275 $7,101 -
2013 $15,637 $24,890 $8,642 -
2012 $14,288 $23,275 $12,582 -
2011 $14,262 $21,558 $10,844 $21,241
2010 $11,829 $18,719 $13,646 $20,236
2009 $11,854 $17,055 $11,597 $20,562
2008 $14,956 $19,410 $11,262 $21,402
2007 $12,295 $17,969 $8,332 $20,236
2006 $9,210 $15,522 $6,739 $18,399
2005 $7,857 $13,951 $5,432 $16,511
2004 $6,735 $12,605 $4,269 $14,757
2003 $5,507 $11,660 $3,230 $12,359
2002 $4,148 $10,296 $3,652 $13,375
2001 $3,533 $9,399 $4,920 $14,714
2000 $3,301 $8,475 $4,776 $14,174
1999 $3,128 $7,918 $4,071 $13,623
1998 $3,181 $7,846 $3,870 $14,568
1997 $2,844 $7,167 $3,711 $14,655
1996 $2,341 $6,479 $3,113 $13,824
1995 $2,183 $6,023 $3,487 $13,890
1994 - $5,667 $2,689 $13,370
1993 - $6,107 $2,825 $13,702
1992 - $7,087 $2,907 $13,652
1991 - $8,790 $2,633 $12,880
1990 - $9,030 $2,452 $11,628
1989 - - $2,250 -
1988 - - $3,191 -
1987 - - $2,611 -
1986 - - $3,376 -
1985 - - $3,549 -
1984 - - $3,520 -
1983 - - $4,079 -
1982 - - $4,202 -
1981 - - $4,228 -
1980 - - $3,874 -
1979 - - $3,257 -
1978 - - $2,727 -
1977 - - $2,585 -
1976 - - $2,309 -
1975 - - $2,078 -
1974 - - $2,034 -
1973 - - $1,367 -
1972 - - $1,155 -
1971 - - $1,106 -
1970 - - $1,015 -
1969 - - $932 -
1968 - - $938 -
1967 - - $893 -
1966 - - $876 -
1965 - - $869 -
1964 - - $874 -
1963 - - $1,060 -
1962 - - $1,007 -
1961 - - $954 -
1960 - - $939 -

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

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

Lithuania's GDP per capita is $32,959, ranking 39/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Lithuania ranks 39th at $55,286, while Venezuela ranks 93rd at $21,241.

Economic indicators

Lithuania Venezuela
Gross domestic product
$95.2B
2025
$99.7B
2025
GDP rank
79/197
2025
78/197
2025
GDP growth
2.92%
2024-2025
1.57%
2024-2025
GDP per capita
$32,959
2025
$3,495
2025
GDP per capita rank
39/197
2025
138/197
2025
GDP per capita, PPP
$55,286
2024
$21,241
2011
GDP per capita PPP rank
39/197
2024
93/197
2011
Government debt
$37.9B
2025
$308B
2025
Debt-to-GDP ratio
39.8%
2025
309%
2025
Government debt per person
$13,127
2025
$10,790
2025
Government debt per person rank
49/185
2025
58/185
2025
Average annual personal income after taxes
$20,453
2026
$2,659
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2026
Income share by richest 10%
27.3%
2023
33.2%
2006
Income share by poorest 10%
2.2%
2023
1.2%
2006
Government expenditure, % of GDP
41.2%
2025
20.3%
2025
Consumer prices inflation
3.79%
2024-2025
252%
2024-2025
Central bank interest rate n/a
58.9%
2026
Unemployment rate
6.9%
2025
7.53%
2020
Population
2845693
28692435

Spending and national debt comparison by year

Lithuania
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Lithuania Venezuela
Government spending Government debt Government spending Government debt
2025 41.2% 39.8% 20.3% 309%
2024 39.4% 38% 17.5% 169.1%
2023 37.2% 37.1% 13.1% 138.5%
2022 36.6% 38.3% 15.1% 164.4%
2021 37.3% 43.3% 13.1% 254.2%
2020 42.4% 45.9% 11.2% 337%
2019 34.6% 35.6% 21% 206%
2018 33.8% 33.3% 37.9% 175.3%
2017 33.4% 39.1% 21.8% 133.6%
2016 34.5% 39.8% 19.7% 138.4%
2015 35.2% 42.4% 22.9% 129.8%
2014 35% 40.7% 31.6% 84.9%
2013 35.7% 38.9% 36.5% 85.4%
2012 36.6% 39.9% 38% 58.4%
2011 40.1% 37.5% 39.4% 52.5%
2010 43% 36.7% 31.1% 37.7%
2009 44.8% 27.9% 33.3% 27.6%
2008 38.2% 14.6% 34.9% 20.3%
2007 35.3% 15.9% 35.9% 26.4%
2006 34.4% 17.3% 39.3% 25.7%
2005 34.1% 17.6% 33.5% 34.9%
2004 33.9% 18.6% 31.9% 41.8%
2003 32.8% 20.4% 32.2% 56%
2002 34.4% 22.1% 31% 48.2%
2001 36.5% 22.9% 31.9% 30.7%
2000 38.7% 23.5% 28.3% 27.7%
1999 42.4% 28% 26.1% 29.6%
1998 39.6% 21.7% 28.8% 30.7%
1997 35.1% - 31% 34.8%
1996 34.4% - 27.7% 45.9%
1995 35.5% - 32.9% 45.9%
1994 - - 42.2% 63.9%
1993 - - 27.7% 57.7%
1992 - - 30.6% 54.8%
1991 - - 33.9% 62.2%
1990 - - 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

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

In 2025, Lithuania's government spending was $39.2B, accounting for 41.2% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 39.8% in Lithuania and 309% in Venezuela, ranking 135/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Lithuania

Venezuela
1x
Year Deficit/surplus, % of GDP
Lithuania Venezuela
2025 -2.18% -5.84%
2024 -1.28% -3.67%
2023 -0.66% -1.25%
2022 -0.72% -5.29%
2021 -1.15% -5.85%
2020 -6.42% -6.63%
2019 0.41% -10.9%
2018 0.52% -31%
2017 0.36% -13.3%
2016 0.03% -8.46%
2015 -0.77% -8.06%
2014 -1.79% -9.81%
2013 -2.69% -10.4%
2012 -3.15% -9.86%
2011 -5.92% -8.24%
2010 -6.95% -4.74%
2009 -9.09% -8.69%
2008 -3.09% -3.46%
2007 -0.82% -2.82%
2006 -0.27% -1.6%
2005 -0.34% 4.09%
2004 -1.39% 2.47%
2003 -1.26% 0.17%
2002 -1.85% -1.48%
2001 -3.52% -4.59%
2000 -3.18% 4.45%
1999 -7.82% 0.74%
1998 -4.93% -4.49%
1997 -0.76% 2.58%
1996 -3.58% 7.94%
1995 -3.31% -5.86%
1994 - -11.2%
1993 - -2.92%
1992 - -6.37%
1991 - -2.28%
1990 - 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/lithuania/venezuela | 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 Venezuela's deficit of $5.82B, or 5.84% of GDP.

Over the past 31 years, Lithuania recorded a fiscal deficit in 27 of those years, while Venezuela ran a deficit in 24 years. On average, Lithuania posted an annual deficit equal to 2.5% of GDP, compared to deficit of 4.96% of GDP for Venezuela.

Inflation comparison by year

Inflation
Lithuania

Venezuela
1x
Year Consumer prices inflation
Lithuania Venezuela
2025 3.79% 252%
2024 0.72% 49.4%
2023 9.12% 338%
2022 19.7% 186.5%
2021 4.68% 1,589%
2020 1.2% 2,355%
2019 2.33% 19,906%
2018 2.7% 65,374%
2017 3.72% 438%
2016 0.91% 254.9%
2015 -0.88% 121.7%
2014 0.1% 62.2%
2013 1.05% 40.6%
2012 3.09% 21.1%
2011 4.13% 26.1%
2010 1.32% 28.2%
2009 4.45% 26%
2008 10.9% 31.4%
2007 5.74% 18.7%
2006 3.74% 13.7%
2005 2.66% 16%
2004 1.16% 21.7%
2003 -1.13% 31.1%
2002 0.28% 22.4%
2001 1.37% 12.5%
2000 0.98% 16.2%
1999 0.73% 23.6%
1998 5.07% 35.8%
1997 8.88% 50%

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/venezuela | CC BY

Over the past 29 years, Lithuania has recorded an average annual inflation rate of 3.54%, compared with 3,150% in Venezuela. In 2025, inflation was 3.79% in Lithuania and 252% in Venezuela.

Top exports between countries

Lithuania
Export category Export value
Chemicals & pharma $643K
Wood & paper products $246K
Raw materials & minerals $79K
Machinery & equipment $65K
Processed food, beverages & tobacco $41K
Textiles & consumer goods $12K
Metals $1K
Venezuela
Export category Export value

Balance of trade

Lithuania Venezuela
Current account balance
$900M
2025
-$3.87B
2016
Current account balance ranking
51/190
2025
155/190
2016
Current account balance, % of GDP
+0.94%
2025
-3.43%
2016
Goods imports
$48.3B
2025
$16.3B
2016
Goods exports
$40.7B
2025
$27.4B
2016
Service imports
$17.5B
2025
$9.47B
2016
Service exports
$28.8B
2025
$1.28B
2016
Imports of goods and services, % of GDP
69.1%
2025
10.1%
2025
Exports of goods and services, % of GDP
73%
2025
14.9%
2025

Economic freedom indices

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

Lithuania Venezuela
Economic freedom 75.3 27.3
Economic freedom ranking 18/197 194/197
Property rights 91.8 0
Government integrity 71.4 6.9
Judicial effectiveness 73.2 5.1
Tax burden 76.2 73.4
Government spending 57.3 93
Fiscal health 95.8 29.1
Business freedom 84.2 31.1
Labor freedom 58.1 35.5
Monetary freedom 76.7 0
Trade freedom 79.4 43.2
Investment freedom 70 0
Financial freedom 70 10

Economic freedom comparison by year

Lithuania
Venezuela
1x
Year Economic freedom index
Lithuania Venezuela
2026 75.3 27.3
2025 74.6 27.6
2024 72.9 28.1
2023 72.2 25.8
2022 75.8 24.8
2021 76.9 24.7
2020 76.7 25.2
2019 74.2 25.9
2018 75.3 25.2
2017 75.8 27
2016 75.2 33.7
2015 74.7 34.3
2014 73 36.3
2013 72.1 36.1
2012 71.5 38.1
2011 71.3 37.6
2010 70.3 37.1
2009 70 39.9
2008 70.9 44.7
2007 71.5 47.9
2006 71.8 44.6
2005 70.5 45.2
2004 72.4 46.7
2003 69.7 54.8
2002 66.1 54.7
2001 65.5 54.6
2000 61.9 57.4
1999 61.5 56.1
1998 59.4 54
1997 57.3 52.8
1996 49.7 54.5
1995 - 59.8

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

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

The Economic Freedom Index for Lithuania is 75.3, ranking 18/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Lithuania Venezuela
Services, % of GDP
64.8%
2025
51.7%
2014
Industry, % of GDP
22.1%
2025
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
2.27%
2025
5.03%
2014
GNI, Atlas method
$88.1B
2025
$110B
2025
GNI per capita, PPP
$55,010
2025
$20,840
2011
Total reserves including gold
$7.06B
2025
$9.79B
2017
Total reserves ranking
90/177
2025
80/177
2017
Net foreign direct investment
-$2.96B
2025
-$27M
2016
Net inflows of foreign direct investment
$4.7B
2024
$1.63B
2024
Net outflows of foreign direct investment
$795M
2024
$2.6B
2024
Poverty at national poverty lines
20.9%
2021
33.1%
2015
Gross capital formation, % of GDP
22.2%
2025
5.93%
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/venezuela | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, 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 (2024–2025, 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.

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.