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:  2019 4.7% /2020 0.0% / 2021 6.4% / 2022 2,5% / 2023 0.3%
• Member of European Union and NATO, part of Eurozone and Schengen area.
• Global rankings:
• 17th at Index of Economic Freedom
• 34th at Corruption Perceptions Index
• 31st at Environmental Performance Index
• 29th at Global Competitiveness Index
• 50.4% or 2nd highest in the EU share of youth [25-29yrs] with tertiary education
• 84% proficiency in English
• 4th in the EU for Bachelors graduates in science, maths, computing, engineering, manufacturing and construction
• Average salary: 2023 – 2013.8 Eur
• Labour force productivity: 2023 – Lithuania 80.9 / Estonia 77.5 / Latvia 72.8
• Taxes: 0% income tax for 10yrs and 7.5% for next 6yrs and 0% real estate tax in Free Economic Zones.