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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 2021, investments in tangible fixed assets totalled EUR 7.3 billion. Over the year, investments increased by EUR 1.5 billion (26 per cent), during a ten‑year period – increased twice. Investments into construction in progress accounted for the major proportion – 27 per cent, while 24 per cent of the investments were targeted at purchase of vehicles, 14 per cent – machinery and equipment.

In 2021, investments in intangible fixed assets amounted to EUR 0.4 billion. Over the year, investments increased by EUR 0.1 billion (32 per cent), during a ten‑year period – increased twice.

Investment in tangible assets

   EUR thousand
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2018 – incomparable data. Break in time series.
2021 – provisional data; incomparable data. Break in time series.

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

Investment in intangible assets

   EUR thousand__________________________
2018 – incomparable data. Break in time series.
2021 – provisional data; incomparable data. Break in time series.

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

Changes in tangible fixed assets and intangible current assets of enterprises

   EUR thousand__________________________
2018 – incomparable data. Break in time series.
2021 – provisional data; incomparable data. Break in time series.

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 1.12 per cent of GDP (in 2020, 1.14 per cent). In 2021, R&D expenditure in the business enterprise sector accounted for 0.55 per cent (in 2020, 0.54 per cent), in the higher education and government sectors – for 0.57 per cent (in 2020, 0.60 per cent) of GDP.

R&D expenditure compared to GDP

   Per cent

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

In 2021, 1,076 enterprises and institutions (in 2020, 1,148) were engaged in and incurred expenses for R&D activities. In the business enterprise sector, 1,010 enterprises (in 2020, 1,081) incurred expenses for R&D activities, in the higher education sector – 36 enterprises (in 2020, 37), general government sector – 30 (in 2020, 30).

Number of enterprises with R&D expenditure

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

In 2021, the amount of EUR 622.4 was allocated for R&D activities. Against 2020, R&D expenditure incurred increased by EUR 57.5 million (10.2 per cent). In the higher education sector, it increased by EUR 8.8 million (4.2 per cent), in business enterprise sector – EUR 39.8 million (15 per cent), in the general government sector by EUR 8.86 million (9.9 per cent). In 2021, the business enterprise sector incurred the biggest expenditure – EUR 305.2 million (49 per cent of the total R&D expenditure), higher education sector – EUR 218.9 million (35.2 per cent), and the general government sector – EUR 98.2 million (15.8 per cent).

In 2021, 26.1 thousand employees were engaged in R&D activities, of whom 8.9 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 thousand, of whom 8.2 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 644 – researchers with a scientific degree.

As for structuring R&D funding sources into five main sources, in 2021, funds of the business enterprise sector accounted for the largest proportion – 35.9 per cent (EUR 223.6 million), funds of the government sector – 29.8 per cent (EUR 185.7 million), foreign funding – 31.4 per cent (EUR 195.2 million), funds of the higher education and non-profit institutions – 2.9 per cent (EUR 17.8 million).

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More:

Total R&D expenditure by sectors and funding sources

R&D personnel

R&D activity by source of funds   

   Investment into human capital

In 2021, 13,347 men and 12,751 women were engaged in R&D activities. In the business sector, 8,099 persons participated in R&D activities. 736 persons had a scientific degree (of whom 218 women and 518 men). 6,785 persons had higher education qualification (2,159 women and 4,626 men). In the higher education sector, the number of employees engaged in R&D activities amounted to 14,014, of whom 6,768 – researchers with a scientific degree (3,540 women and 3,228 men). 6,653 persons had higher education qualification (4,182 women and 2,471 men). In the general government sector, 3,985 persons participated in R&D activities. 1,497 of them were researchers with a scientific degree (780 women and 717 men). 2,173 persons had higher education qualification (1,200 women and 973 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 14.9 thousand (in 2020, 14.2 thousand). In the business enterprise sector, the number of researchers engaged in R&D activities amounted to 5.6 thousand (in 2020, 5.4 thousand), in the higher education sector – 6.9 thousand (in 2020, 6.6 thousand), the general government sector – 2.3 thousand (in 2020, 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 2018–2020, against 2016–2018, the proportion of innovative enterprises in Lithuania increased by 2.5 percentage points and accounted for 53 per cent of the total number of manufacturing and service (except construction activity) enterprises (in 2016–2018, 50.5 per cent) having 10 and more employees. 46.4 per cent of all enterprises were engaged in business process innovation, 31.4 per cent – in product innovation, and against 2016–2018, this proportion increased by 1.9 and 0.2 percentage points respectively.

In 2018–2020, innovative activity was carried out by 91.8 per cent of large enterprises (having 250 and more employees), 72.2 per cent – medium-sized enterprises (having 50–249 employees), and 46.2 per cent – small-sized enterprises (having 10–49 employees).

In 2020, expenditure on innovation totalled EUR 1 billion 528.7 million and, against 2018, increased by 44.8 per cent. The largest proportion of expenditure on innovative activity was allocated by large enterprises – 59.6 per cent (in 2018, 42 per cent) of the total expenditure on innovation, and the smallest – by the enterprises having 10–49 employees – 13.4 per cent (in 2018, 24.2 per cent).

The most obstructive factors for innovative activity indicated by innovative enterprises were the lack of their funding for innovation (23.8 per cent), too high innovation price (19.5 per cent), shortage of qualified staff (16.7 per cent), difficulties in obtaining government grants or subsidies (13.3 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

Expenditure on innovation activities of innovative enterprises by enterprise size class

   EUR million

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

Factors hampering innovation activities
Compared to all innovative 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.