Lithuania has the largest economy among the three Baltic states. It is a member of the European Union and classified as a very high human development country. Additionally, Lithuania belongs to both the World Trade Organization (WTO) and the Organisation for Economic Co-operation and Development (OECD).
Situated at the confluence of Northern and Eastern European influences, Lithuania provides a distinctive living environment, making it an appealing choice for expatriates and their families looking for a unique blend of tranquility and historical richness.
| Lithuania | 2023 |
|---|---|
| Population, million | 2,83 |
| GDP, current US$ million. | 77,839 |
| GDP per capita, current US$ | 27,242 |
| Life Expectancy at Birth, years | 74 |
- Lithuania ranks first in the EU for ease of starting a business, according to the World Bank’s 2016 “Doing Business Report.” Additionally, Forbes has recognized it as one of the top five entrepreneurial hubs in Europe.
- Lithuania’s robust physical infrastructure provides investors with a variety of reliable, fast, and high-quality logistics options to streamline their operations. Key markets in Northern Europe, Western Europe, and Asia are easily and affordably accessible by sea, air, road, and rail.
Source: https://investlithuania.com/why-lithuania/infrastructure/
- Lithuania’s startup ecosystem is rapidly emerging as a breeding ground for global and local innovators in fintech, IT, life sciences, and gaming. The country leads the European Union in the number of licensed fintech companies. Additionally, Lithuanian lasers are utilized by prestigious organizations and companies such as NASA, CERN, IBM, Hitachi, Toyota, and Mitsubishi.
- Skilled, multilingual, motivated, and open-minded, Lithuanian professionals are driven to tackle global challenges head-on—especially in the tech industry. They possess all the necessary qualities to make a significant impact on the world stage.