Economic situation of Lithuania

A member of the EU since 2004, the country has experienced significant growth and rapid modernisation of its economy. However, Lithuania was affected by the financial crisis, with GDP falling by 16.8% in 2009. Nevertheless, Lithuania has since experienced the fastest recovery in Europe, partly due to a diversified industrial sector. In 2018, GDP growth stood at 3.5% - up from 3.9% in the previous year - thanks to an increase in industrial production, construction, and wholesale and retail trade. Growth is expected to follow a downward trend in the coming years (2.9% in 2019 and 2.7% in 2020 according to IMF estimates).

The unemployment rate was estimated at 6.5% in 2018, down from 7.1% the previous year. However, the decline and ageing of the population is expected to have a negative impact on economic activity, with the country recording one of the lowest population growth rates in the world (-1.08% and a net migration rate of -6.1 migrants/1000 inhabitants - CIA estimates). The latest available World Bank data indicate that about 22.2% of the Lithuanian population lives below the national poverty line.

https://en.wikipedia.org/wiki/Economy_of_Lithuania