Business in Lithuania (edition 2023)



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Business is an engine for entire economy. Its success depends on perfect planning, sound market knowledge and understanding of various economic processes. In the period of active discussions on Lithuanian entrepreneurship capacities in the public domain, Statistics Lithuania advises to rely on statistics. Please find an exhaustive survey of business in Lithuania.

In 2022, there were 328.6 thousand enterprises in operation in the country. Over a year, the number of enterprises increased by 9 per cent, over a ten-year period – by almost 80 per cent. Most enterprises (18 per cent) were engaged in trade activities, 13 per cent – professional, scientific and technical activities, 12 per cent – construction activities, almost 10 per cent – transportation and storage activities, 9 per cent – real estate activities.

200.2 thousand persons are self-employed. The number of small partnerships is growing rapidly.

The majority (68 per cent) of non-financial enterprises were natural persons carrying out individual activities according to a certificate or patent, while 21 per cent – were private limited companies.

The majority (95.2 per cent) of non financial enterprises were very small (enterprises (0–9 employees). Small enterprises (10–49 employees) accounted for 3.9 per cent, medium-sized (50–249 employees) – 0.8 per cent, large (250 and more employees) – 0.1 per cent.

In Lithuania, the majority of non-financial enterprises were very small enterprises with up to 9 employees, and they employed 41 per cent of all persons engaged in business.

In 2022, the turnover of enterprises amounted to EUR 158 billion and, compared to 2021, increased by EUR 33.7 billion (27 per cent). The value added (at factor cost) generated by enterprises amounted to EUR 37.6 billion, which is by EUR 7.1 billion (23.3 per cent) more than in 2021.

Not only Lithuanian, but also foreign companies create the value-added: investment accumulated by them over 2022 increased by 10.2 per cent and totalled EUR 29.9 billion.

For the analysis of business environment, the fact that over a ten-year period (2022, against 2013) prices for consumer goods and services increased by 38.4 per cent should also be taken into consideration. The biggest (19.7 per cent) annual average inflation was recorded in 2022, while deflation – (minus 0.9 per cent) only in 2015.

The publication also provides an overview of agricultural companies, their income and profit.

Do not miss the opportunity to learn more about business situation in our country.

If you have any questions or suggestions, please do not hesitate to contact the Statistics Dissemination and Communication Division of the State Data Agency by email:

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