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   Investments in tangible and intangible assets

   Investment trends in industry

   Investments in research and technological development

   Investment into human capital

   Investments into innovative activity
 

   Investments in tangible and intangible assets

In 2020, investments in tangible fixed assets totalled EUR 5.6 billion. Over the year, investments decreased by EUR 1.3 billion (19 per cent), during a ten-year period increased by 72 per cent. Investments into construction in progress accounted for the major proportion – 29 per cent, while 19 per cent of the investments were targeted at purchase of vehicles, 14 per cent – machinery and equipment.

In 2020, investments in intangible fixed assets were considerably lower and amounted to EUR 0.3 billion. Over the year, investments decreased by EUR 0.1 billion (25 per cent), during a ten-year period increased by 70 per cent.

Investment in tangible assets, 2011–2020¹

   EUR thousand
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¹ 2018 – incomparable data. Break in time series.
  2020 – provisional data.

The latest and detailed data are available in the Database of Indicators

Investment in intangible assets, 2011–2020¹

   EUR thousand
__________________________
¹ 2018 – incomparable data. Break in time series.
  2020 – provisional data.

The latest and detailed data are available in the Database of Indicators

Changes in tangible fixed assets and intangible current assets of enterprises, 2011–2020¹

   EUR thousand__________________________
¹ 2018 – incomparable data. Break in time series.
  2020 – provisional data.

The latest and detailed data are available in the Database of Indicators  

   Investment trends in industry

Statistical information on the investment changes in industrial enterprises (already happened or future), investment trends and factors having influence on investments has been prepared using data from the statistical investment survey, also called business opinion survey. This statistical survey is qualitative, intended for the nearest period analysis and forecasts, i.e. to foresee investment growth periods and investment trends.

Changes in investment of industrial enterprises

The investment expectations for the next year

Main trends in investment of industrial enterprises

Factors influencing investment of industrial enterprises

   Investments in research and technological development

(including enterprises engaged in agricultural, financial and insurance activities)

Based on provisional GDP figures, total research and development expenditure accounted for 1.17 per cent of GDP (in 2019, 1 per cent). In 2020, R&D expenditure in the business enterprise sector accounted for 0.56 per cent (in 2019, 0.43 per cent), in the higher education and government sectors – for 0.61 per cent (in 2019, 0.56 per cent) of GDP.

R&D expenditure compared to GDP, 2011–2020

   Per cent

The latest and detailed data are available in the Database of Indicators

In 2020, 1,118 enterprises and institutions (in 2019, 1,079) were engaged in and incurred expenses for R&D activities. In the business enterprise sector, 1,051 enterprises (in 2019, 1,010) incurred expenses for R&D activities, in the higher education sector – 37 enterprises (in 2019, 38), general government sector – 30 (in 2019, 31).

Number of enterprises with R&D expenditure, 2011–2020

The latest and detailed data are available in the Database of Indicators

In 2020, the amount of EUR 571.9 was allocated for R&D activities. Against 2019, R&D expenditure incurred increased by EUR 85.9 million (17.7 per cent). In the higher education sector, it increased by EUR 33.3 million (18.8 per cent), in business enterprise sector – EUR 62.3 million (29.6 per cent). In the general government sector, in 2020, against 2019, such expenses decreased by EUR 9.6 million (9.7 per cent). In 2020, the business enterprise sector incurred the biggest expenditure – EUR 272.5 million (47.7 per cent of the total R&D expenditure), higher education sector – EUR 210.1 million (36.7 per cent), and the general government sector – EUR 89.4 million (15.6 per cent).

In 2020, 26.3 thousand employees were engaged in R&D activities, of whom 8.5 thousand – researchers with a scientific degree. In the institutions of the higher education and government sectors, the number of employees engaged in R&D activities (both at the main and the secondary workplace) amounted to 18.2 thousand, of whom 7.9 thousand – researchers with a scientific degree. In the business sector, the number of employees engaged in R&D activities amounted to 8.1 thousand, of whom 577 – researchers with a scientific degree.

As for structuring R&D funding sources into five main sources, in 2020, funds of the business enterprise sector accounted for the largest proportion – 38.3 per cent (EUR 218.9 million), funds of the government sector – 28.7 per cent (EUR 164.4 million), foreign funding – 30.4 per cent (EUR 173.8 million), funds of the higher education and non-profit institutions – 2.6 per cent (EUR 14.8 million).

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Total R&D expenditure by sectors and funding sources

R&D personnel

R&D activity by source of funds   

   Investment into human capital

In 2020, 13,330 men and 12,987 women were engaged in R&D activities. In the business sector, 8,091 persons participated in R&D activities. 653 persons had a scientific degree (of whom 198 women and 455 men). 6,521 persons had higher education qualification (2,073 women and 4,448 men). In the higher education sector, the number of employees engaged in R&D activities amounted to 14,227, of whom 6,448 – researchers with a scientific degree (3,361 women and 3,127 men). 7,347 persons had higher education qualification (4,672 women and 2,675 men). In the general government sector, 3,999 persons participated in R&D activities. 1,501 of them were researchers with a scientific degree (797 women and 704 men). 2,148 persons had higher education qualification (1,145 women and 1,003 men).

The number of employees engaged in R&D activities in full-time units (i.e. after the recalculation of the number of employees engaged in R&D part-time into that of employees engaged in R&D full-time) totalled 14.4 thousand (in 2019, 12.9 thousand). In the business enterprise sector, the number of researchers engaged in R&D activities amounted to 5.5 thousand (in 2019, 4.8 thousand), in the higher education sector – 6.6 thousand (in 2019, 5.8 thousand), the general government sector – 2.3 thousand (in 2019, 2.3 thousand).

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R&D personnel by education and sex

Employment (in full-time equivalent) in R&D  

   Investments into innovative activity

(including enterprises engaged in finance and insurance activity)

In 2016–2018, against 2014–2016, the proportion of innovative enterprises in Lithuania remained almost unchanged and accounted for 46.9 per cent of the total number of manufacturing and service enterprises (in 2014–2016, 46.6 per cent) having 10 and more employees. 41.6 per cent of all enterprises were engaged in business process innovation, 27.6 per cent – in product innovation, against 2014–2016, this proportion increased by 4.3 percentage points.

In 2016–2018, innovative activity was carried out by 81.7 per cent of large enterprises (having 250 and more employees), 63.9 per cent – medium-sized enterprises (having 50–249 employees), and 41.4 per cent – small-sized enterprises (having 10-49 employees).

In 2018, expenditure on innovation totalled EUR 1 billion 74.9 million and, against 2016, decreased by 13.8 per cent. The largest proportion of expenditure on innovative activity was allocated by large enterprises – 41.9 per cent (in 2018, 36.1 per cent) of the total expenditure on innovation, and the smallest – by the enterprises having 10-49 employees – 24.5 per cent (in 2016, 30.3 per cent).

The most obstructive factors for innovative activity indicated by innovative enterprises were the lack of their funding for innovation (23.7 per cent), shortage of qualified staff (17.6 per cent), too high innovation price (15.8 per cent), too strong competition on the enterprise market (15 per cent).

Innovative enterprises by kind of innovation
Compared to all enterprises

   Per cent

The latest and detailed data are available in the Database of Indicators

Innovative enterprises by enterprise size class
Compared to all enterprises

   Per cent

The latest and detailed data are available in the Database of Indicators

Kind of economic activity

For further terms, see the Dictionary of Statistical Terms.