COUNTRY PROFILE Lithuania
Statistical tables Factor I: Economic Performance WORLD COMPETITIVENESS RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 1
COMPETITIVENESS TRENDS - OVERALL LITHUANIA OVERALL PERFORMANCE (63 countries) 34 CHALLENGES IN 2018 Stimulate Stimulate R&D R&D by connecting by connecting science science and and innovation, innovation, knowledge knowledge transfer. Maintain export and competitiveness growth, especially for SME s. Attract foreign direct investments. Prevent the skilled labor force shortage. Enhance productivity in public services and invest in high technologies. Provided Enterprise by: Lithuania, Vilnius Enterprise Lithuania, Vilnius 28 30 33 BASIC FACTS Rank Capital Land area (square km '000) Vilnius 65 2017 Exchange Rate (per $) 0.887 2017 Population - market size (millions) 2.82 2017 56 Gross Domestic Product (GDP) (US$ billions) 47.2 2017 57 GDP (PPP) per capita (US$),337 2017 34 Real GDP growth (%) 3.8 2017 19 Consumer price inflation (%) 3.72 2017 51 Unemployment rate (%) 7.10 2017 43 Labor force (millions) 1.46 2017 56 Current account balance (% of GDP) 0.88 2017 Direct investment stocks inward ($bn) 13.8 2016 60 Direct investment flows inward (% of GDP) 2.25 2017 COMPETITIVENESS LANDSCAPE Economic Performance Government Efficiency Business Efficiency Infrastructure Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education 47 7 50 50 14 21 33 36 33 26 43 48 19 29 22 36 28 28 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 21 17 18 21 20 22 18 19 21 20 2
COMPETITIVENESS TRENDS - FACTOR BREAKDOWN LITHUANIA ECONOMIC PERFORMANCE 31 35 45 42 36 Sub-Factor Rankings : 2017 Domestic Economy 47 International Trade 28 International Investment 56 Employment 41 Prices 12 2018 47 7 50 50 14 GOVERNMENT EFFICIENCY 25 24 34 31 Sub-Factor Rankings : 2017 Public Finance 26 Tax Policy 35 Institutional Framework 47 Business Legislation 31 Societal Framework 31 2018 21 33 36 33 BUSINESS EFFICIENCY 35 23 28 33 30 Sub-Factor Rankings : 2017 Productivity & Efficiency 34 Labor Market 37 Finance 43 Management Practices 21 Attitudes and Values 33 2018 26 43 48 19 29 INFRASTRUCTURE 30 29 30 29 34 Sub-Factor Rankings : 2017 Basic Infrastructure 35 Technological Infrastructure 27 Scientific Infrastructure 37 Health and Environment 30 Education 22 2018 22 36 28 28 3
WORLD COMPETITIVENESS DIGITAL RANKING 2018 All data are available from the World Competitiveness Online. Visit our eshop 4
DIGITAL TRENDS - OVERALL LITHUANIA OVERALL PERFORMANCE (63 countries) Overall Alpha Alpha Factors Beta BetaLabel Gamma GammaLab Sub-Factors 1 2 2 2 2 2 2 4 4 4 2 2 6.5 4 4 2 2 8.5 4 4 2 2 10.5 4 4 2 2 23 27 16 31 Knowledge Talent Training & education Scientific concentration 29 30 28 35 22 Technology Regulatory framework Capital Technological framework 33 41 24 31 The direction of the triangle indicates the performance change from the last year: improved or stable declined Future readiness Adaptive attitudes Business agility IT integration OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness 28 29 29 29 25 18 18 21 23 28 29 29 30 37 34 33 31 33 COMPETITIVENESS & DIGITAL RANKINGS Digital Competitiveness N.B. This graph provides only a comparison of the country s performance in the two rankings. 34 28 29 29 29 30 33 PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries) 22 18 19 19 19 21 18 19 19 19 5
u Overall top strengths w Overall top weaknesses FACTORS BREAKDOWN - STRENGHTS AND WEAKNESSES LITHUANIA KNOWLEDGE Subfactors Talent 39 28 29 33 27 Training & education 5 3 5 6 16 Scientific concentration 26 25 24 28 31 Talent Rank Rank Rank Training & education Scientific concentration Educational assessment PISA - Math 33 Employee training 23 Total expenditure on R&D (%) 39 International experience 25 Total public expenditure on education 24 Total R&D personnel per capita 15 Foreign highly-skilled personnel 47 Higher education achievement 10 u Female researchers 6 Management of cities 35 Pupil-teacher ratio (tertiary education) 14 w R&D productivity by publication 54 u Digital/Technological skills 1 Graduates in Sciences 30 Scientific and technical employment 31 w Net flow of international students 53 Women with degrees 16 High-tech patent grants 29 TECHNOLOGY Subfactors Regulatory framework 33 28 24 27 28 Capital 41 30 37 42 35 Technological framework 28 25 17 22 Regulatory framework Rank Capital Rank Technological framework Rank Starting a business 18 IT & media stock market capitalization - u Communications technology 5 u Enforcing contracts 4 Funding for technological development 27 u Mobile Broadband subscribers 9 w Immigration laws 59 Banking and financial services Wireless broadband 45 Development and app. of technology 26 Investment risk Internet users Scientific research legislation 33 Venture capital 22 Internet bandwidth speed 27 Intellectual property rights 30 w Investment in Telecommunications 52 High-tech exports (%) FUTURE READINESS Subfactors Adaptive attitudes 33 36 37 35 41 Business agility 53 42 39 28 24 IT integration 34 28 29 29 31 Adaptive attitudes Rank Business agility Rank IT integration Rank E-Participation 17 Opportunities and threats 14 E-Government 23 Internet retailing 30 Innovative firms 38 Public-private partnerships 38 Tablet possession 47 Agility of companies 10 Cyber security 18 w Smartphone possession 56 Use of big data and analytics 15 Sofware piracy 42 Attitudes toward globalization 34 Knowledge transfer 33 6
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