Ideal environment can be defined as a place where the students from the different genders, castes, creed, and cultures reside in harmony

Tax burdens and revenue collection across the OECD countries are reaching levels not seen since before the global financial crisis. Nevertheless, the tax mix varies enormously across the advanced economies.

Lithuania has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Lithuania will become the 42nd Party to the OECD Anti-Bribery Convention on 15 July 2017, 60 days after the deposit of its instrument of accession.

This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Lithuania.

Lithuania has taken significant steps to strengthen its legislative framework to combat foreign bribery. Yet further efforts are needed to ensure effective enforcement of anti-bribery laws with regard to corporate liability and imposing sanctions for foreign bribery, including confiscation, according to a new report by the OECD Working Group on Bribery.

What is blocking business investment and productivity growth? OECD Business and Finance Outlook 2016 will focus on fragmentation at all levels of the global economy: heterogeneous policies, rules, laws and industry practices that create perverse incentives and block business efficiency.

This review of Lithuania by the OECD Committee on Financial Markets examines Lithuania’s position with respect to core principles related to financial systems.

Imports from Lithuania in Turkey decreased to 41727.63 USD THO in March from 47874.36 USD THO in February of 2020. Imports from Lithuania in Turkey averaged 28326.75 USD THO from 2014 until 2020, reaching an all time high of 72863.21 USD THO in May of 2017 and a record low of 4688 USD THO in September of 2019. This page includes a chart with historical data for Turkey Imports from Lithuania.

Lithuania has made remarkable economic and social progress, but further policy reforms will be necessary to ensure a more productive and inclusive economy, according to the first-ever OECD Economic Assessment of Lithuania.

Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable have access to employment and providing adequate income support for those that have lost their job are key for making labour markets and the economy more inclusive.

GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.

In 2015 the Lithuanian government launched an ambitious Social Model reform agenda aimed at balancing flexibility of the labour market and security provided through the system of social protection.

In the past two decades, the income level in Lithuania has steadily risen toward that of OECD countries. Between 1995 and 2013, GDP per capita rose from one third to two thirds of the OECD average. Productivity catch-up was critical to this process, aided by enhanced integration into the global economy which enabled the adoption of more advanced production technologies from abroad.

Lithuania’s economy has grown faster than most other OECD economies over the past 10 years, unemployment continues to fall and public finances have stabilised after a long period of deficits and rising debt.

The Public Governance Review of Lithuania was launched in Vilnius on 19 June 2015 as part of the closing event of Lithuania’s Open Progress Forum "Innovative Public Sector – Mission (Im)possible?".

The latest edition of the OECD’s biennial overview of public governance, Government at a Glance 2017, will be published on Thursday 13 July at 11:00 CET (10:00 GMT). The report compares OECD and partner countries in areas like public sector spending, employment, pay and investment using around 60 indicators.

This report evaluates the corporate governance framework for the Lithuanian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Lithuania, reviewed by the OECD Working Party on State Ownership and Privatisation Practices and is based on discussions involving all OECD countries.

Household Saving Rate in Lithuania decreased to -1.23 percent in 2018 from 0.29 percent in 2017. Personal Savings in Lithuania averaged 2.93 percent from 1995 until 2018, reaching an all time high of 8.42 percent in 2010 and a record low of -4.06 percent in 2007. This page provides - Lithuania Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Lithuania scored 60 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Lithuania averaged 51.05 Points from 1999 until 2019, reaching an all time high of 61 Points in 2015 and a record low of 38 Points in 1999. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Lithuania Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Lithuania is the 35 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Lithuania averaged 43.33 from 1999 until 2019, reaching an all time high of 58 in 2008 and a record low of 32 in 2015. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Lithuania Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Lithuania stands at 21 percent. Sales Tax Rate in Lithuania averaged 19.62 percent from 2000 until 2020, reaching an all time high of 21 percent in 2010 and a record low of 18 percent in 2001. In Lithuania, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Lithuania. This page provides - Lithuania Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Electricity Production in Lithuania increased to 369 Gigawatt-hour in December from 300 Gigawatt-hour in November of 2019. Electricity Production in Lithuania averaged 477.38 Gigawatt-hour from 2008 until 2019, reaching an all time high of 1406 Gigawatt-hour in January of 2009 and a record low of 155 Gigawatt-hour in May of 2012. This page has Electricity Production values for Lithuania.

The Gross Domestic Product (GDP) in Lithuania was worth 54.30 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Lithuania represents 0.04 percent of the world economy. GDP in Lithuania averaged 27.04 USD Billion from 1990 until 2019, reaching an all time high of 54.30 USD Billion in 2019 and a record low of 7 USD Billion in 1994. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Lithuania GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Lithuania was estimated at 2.8 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Lithuania had a population of 2.8 million people. The population of Lithuania represents 0.05 percent of the world´s total population which arguably means that one person in every 2179 people on the planet is a resident of Lithuania. This page provides - Lithuania Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hospital Beds in Lithuania decreased to 6.56 per 1000 people in 2017 from 6.69 per 1000 people in 2016. Hospital Beds in Lithuania averaged 9.78 per 1000 people from 1960 until 2017, reaching an all time high of 12.81 per 1000 people in 1988 and a record low of 6.56 per 1000 people in 2017. This page includes a chart with historical data for Lithuania Hospital Beds.

Hospitals in Lithuania increased to 32.88 per one million people in 2017 from 32.42 per one million people in 2016. Hospitals in Lithuania averaged 43.57 per one million people from 1980 until 2017, reaching an all time high of 59.77 per one million people in 1980 and a record low of 32.06 per one million people in 2014. This page includes a chart with historical data for Lithuania Hospitals.

Medical Doctors in Lithuania increased to 4.85 per 1000 people in 2017 from 4.77 per 1000 people in 2016. Medical Doctors in Lithuania averaged 3.97 per 1000 people from 1965 until 2017, reaching an all time high of 4.85 per 1000 people in 2017 and a record low of 1.77 per 1000 people in 1965. This page includes a chart with historical data for Lithuania Medical Doctors.

Nurses in Lithuania remained unchanged at 7.74 per 1000 people in 2017 from 7.74 per 1000 people in 2016. Nurses in Lithuania averaged 8.27 per 1000 people from 1981 until 2017, reaching an all time high of 9.94 per 1000 people in 1989 and a record low of 7.27 per 1000 people in 2004. This page includes a chart with historical data for Lithuania Nurses.

ICU Beds in Lithuania averaged 777.37 per 100K people from 1992 until 2014, reaching an all time high of 1136.96 per 100K people in December of 1992 and a record low of 634.39 per 100K people in December of 2014. This page includes a chart with historical data for Lithuania ICU Beds.

The Consumer Price Index in Lithuania decreased 0.10 percent in March of 2020 over the previous month. Inflation Rate Mom in Lithuania averaged 2.06 percent from 1991 until 2020, reaching an all time high of 53.99 percent in January of 1992 and a record low of -1.30 percent in January of 2015. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Lithuania Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Lithuania was recorded at 1.80 percent in March of 2020. Inflation Rate in Lithuania averaged 16.78 percent from 1993 until 2020, reaching an all time high of 707.40 percent in June of 1993 and a record low of -2 percent in January of 2003. In Lithuania, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 12.9 percent; Housing and Utilities for 11.9 percent; Alcoholic beverages and Tobacco for 9.2 percent; Clothing and Footwear for 8 percent and Recreation and Culture for 7.1 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Restaurants and Hotels; Communication and Education account for the remaining 27.9 percent of total weight. This page provides - Lithuania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Lithuania increased 4.30 percent in January of 2020 over the same month in the previous year. Food Inflation in Lithuania averaged 19.38 percent from 1993 until 2020, reaching an all time high of 910.70 percent in May of 1993 and a record low of -7.30 percent in February of 2003. This page provides - Lithuania Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Lithuania increased to 111.50 points in January from 111 points in December of 2019. Consumer Price Index CPI in Lithuania averaged 73.54 points from 1990 until 2020, reaching an all time high of 111.50 points in January of 2020 and a record low of 0.20 points in January of 1991. In Lithuania, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides - Lithuania Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Lithuania increased to 106.64 points in January from 103.89 points in December of 2019. Cpi Housing Utilities in Lithuania averaged 65.92 points from 1992 until 2020, reaching an all time high of 109.54 points in January of 2019 and a record low of 0.51 points in June of 1992. This page provides - Lithuania Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Lithuania increased to 109.16 points in January of 2020 from 108.06 points in December of 2019. Cpi Transportation in Lithuania averaged 77.84 points from 1992 until 2020, reaching an all time high of 113.33 points in September of 2012 and a record low of 2.70 points in June of 1992. This page provides - Lithuania Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Lithuania increased to 133.77 points in the fourth quarter of 2019 from 132.36 points in the third quarter of 2019. Housing Index in Lithuania averaged 104.26 points from 2006 until 2019, reaching an all time high of 134.49 points in the second quarter of 2008 and a record low of 82.75 points in the first quarter of 2010. In Lithuania, the House Price Index measures residential property market prices. The HPI captures price changes of all kinds of residential property purchased by households (flats, detached houses, terraced houses, etc.), both new and existing. Only market prices are considered, self-build dwellings are therefore excluded. The land component of the residential property is included. This page provides - Lithuania House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Lithuania remained unchanged at 2 BBL/D/1K in December from 2 BBL/D/1K in November of 2019. Crude Oil Production in Lithuania averaged 3.75 BBL/D/1K from 1994 until 2019, reaching an all time high of 9.90 BBL/D/1K in November of 2001 and a record low of 2 BBL/D/1K in January of 2009. This page provides - Lithuania Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Lithuania increased 2.70 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Lithuania averaged 2.26 percent from 1997 until 2020, reaching an all time high of 14.10 percent in February of 1997 and a record low of -2.90 percent in February of 2010. This page provides - Lithuania Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment in Lithuania increased by 1.10 in December of 2019. Employment Change in Lithuania averaged -0.06 percent from 1995 until 2019, reaching an all time high of 3.70 percent in the first quarter of 2002 and a record low of -4.10 percent in the first quarter of 2009. In Lithuania, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Lithuania Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Lithuania remained unchanged at 73.20 percent in the fourth quarter of 2019 from 73.20 percent in the third quarter of 2019. Employment Rate in Lithuania averaged 64.42 percent from 2002 until 2019, reaching an all time high of 73.20 percent in the third quarter of 2019 and a record low of 56.30 percent in the first quarter of 2010. In Lithuania, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Lithuania Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Lithuania increased 0.70 percent in March of 2020 over the previous month. Industrial Production Mom in Lithuania averaged 0.42 percent from 1998 until 2020, reaching an all time high of 22.10 percent in June of 2012 and a record low of -17.40 percent in October of 2000. This page provides the latest reported value for - Lithuania Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Lithuania decreased 1.50 percent in March of 2020 over the same month in the previous year. Industrial Production in Lithuania averaged 3.83 percent from 1999 until 2020, reaching an all time high of 40 percent in February of 2003 and a record low of -26.10 percent in April of 2009. In Lithuania, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Lithuania Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence in Lithuania decreased to -22.70 points in April from -3.70 points in March of 2020. Business Confidence in Lithuania averaged -6.65 points from 2003 until 2020, reaching an all time high of 14 points in April of 2007 and a record low of -38 points in December of 2008. In Lithuania, industrial confidence indicator measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do. This page provides - Lithuania Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in Lithuania decreased to 8433.70 EUR Million in March from 8489.80 EUR Million in February of 2020. Loans to Private Sector in Lithuania averaged 5123.13 EUR Million from 1993 until 2020, reaching an all time high of 10437.50 EUR Million in November of 2008 and a record low of 530.09 EUR Million in December of 1993. This page provides - Lithuania Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Lithuania increased to 31345.40 EUR Million in March from 30864.90 EUR Million in February of 2020. Money Supply M2 in Lithuania averaged 10843.08 EUR Million from 1993 until 2020, reaching an all time high of 31345.40 EUR Million in March of 2020 and a record low of 774 EUR Million in December of 1993. Lithuania Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Lithuania Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Capacity Utilization in Lithuania decreased to 70 percent in the second quarter of 2020 from 76.40 percent in the first quarter of 2020. Capacity Utilization in Lithuania averaged 64.80 percent from 1993 until 2020, reaching an all time high of 77.80 percent in the first quarter of 2018 and a record low of 44.10 percent in the fourth quarter of 1995. This page provides - Lithuania Capacity Utilization - actual values, historical data, forecast, chart, statistics, economic calendar and news.