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Lithuania
With one of the fastest growing economy and productivity rates in the EU, the country has all the right figures to make the bottom line work for any manufacturing business.
- GDP: 2014 3.4% / 2015 2.1% / 2016 2.4% / 2017 4.4% / 2018 3.7% / 2019 3.9%
Source: Bank of Lithuania, 2018
- Member of European Union and NATO, part of Eurozone and Schengen area.
- Global rankings:
- Highest ranked employee motivation level in CEE countries
IMD Talent Report, 2016
- 11th for ease of Doing Business
Source: World Bank, Ease of Doing Buisness, 2018
- 16th for Economic Freedom
Source: Heritage Foundation, 2018
- 39st at Global Competitiveness Index
Source: World Economic Forum, 2017
- Exports [change on preceding year]: 2014 3.5% / 2015 -0.4% / 2016 2.9% / 2017 10.4%
Source: Statistics Lithuania, 2018
- 50.4% or 2nd highest in the EU share of youth [25-29yrs] with tertiary education
Source, Eurostat, 2016
- 84% proficiency in English
Source: Population census, 2011
- 4th in the EU for Bachelors graduates in science, maths, computing, engineering, manufacturing and construction
Source, Eurostat, 2014
- Average salary: 1307 Eur
Source: Statistics Lithuania, 2018
- Labour force productivity: Lithuania 4.4 / EU average 1.5 / Poland 3.2 / Latvia 3.9 / Germany 0.7
Source: Eurostat, 2017
- Taxes: 0% income tax for 10yrs and 7.5% for next 6yrs and 0% real estate tax in Free Economic Zones.
- Wifi: Highest internet speed in CEE and 8th globally for overall mobile internet speed
Source: Global Competitiveness Report, 2016-2017
Source: Open Signal, 2017