Business in Lithuania (edition 2023)

Establishment of companies

 

Photo from Pixabay.com

As of 1 January 2023, there were 122,458 economic entities operating in the country (excluding natural persons engaged in economic activity), or 49 per cent of all economic entities registered in the Lithuanian Register of Legal Persons. Against the beginning of 2022, the number of economic entities in operation increased by 7.9 per cent.

Almost one-fourth of entities (21.9 per cent) were engaged in wholesale or retail trade; repair of motor vehicles and motorcycles.


Economic entities in operation
Beginning of the year

Excluding natural persons

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

 

Economic entities in operation by kind of economic activity, 2023
Beginning of the year

Excluding natural persons

Created with Highcharts 6.1.4GMSFCHLRJNPIQAKDOEB01,0002,0003,0004,0005,0006,0007,0008,0009,00010,00011,00012,00013,00014,00015,00016,00017,00018,00019,00020,00021,00022,00023,00024,00025,00026,00027,000

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

 

Economic entities in operation in regions and counties, 2023
Beginning of the year

Excluding natural persons

Created with Highcharts 6.1.4 Capital RegionVilnius county Central and Western Lithuania RegionKaunas countyKlaipėda countyŠiauliai countyPanevėžys countyAlytus countyTelšiai countyMarijampolė countyUtena countyTauragė county05,00010,00015,00020,00025,00030,00035,00040,00045,00050,00055,00060,00065,00070,00075,000

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

 

Economic entities in operation in municipalities, 2023
Beginning of the year

Excluding natural persons

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

 

Most (84 per cent) of the operating economic entities had less than 10 employees.


Economic entities in operation by size class
Beginning of the year

Excluding natural persons

Created with Highcharts 6.1.42021202220230–4 employees5–9 employees10–19 employees20–49 employees50–99 employees100–149 employees150–249 employees250–499 employees500–999 employees1 000 and more employees05,00010,00015,00020,00025,00030,00035,00040,00045,00050,00055,00060,00065,00070,00075,00080,00085,00090,000

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

 

Annual income of the majority of national economic entities amounted to EUR 0.3 million. Economic entities earning more than EUR 50 million accounted for 0.28 per cent of all the economic entities in operation.


Economic entities in operation by income group
Beginning of the year

Excluding natural persons

Created with Highcharts 6.1.4202120222023Up to 9.999 EUR10.000–49.999 EUR50.000–99.999 EUR100.000–499.999 EUR500.000–999.999 EUR1.000.000–1.999.999 EUR2.000.000–4.999.999 EUR5.000.000–9.999.999 EUR10.000.000–19.999.999 EUR20.000.000–49.999.999 EUR50.000.000 EUR and more02,0004,0006,0008,00010,00012,00014,00016,00018,00020,00022,00024,00026,00028,00030,00032,00034,00036,00038,000

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

 

Based on the data of the State Enterprise Centre of Registers, there were 14,515 economic entities registered in Lithuania (by 3.8 per cent less than in 2021). The biggest number of the newly registered economic entities were located in Vilnius municipality, the lowest – in Tauragė municipality.


Registered economic entities in municipalities, 2023
Beginning of the year

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

Kind of economic activity

A

Agriculture, forestry and fishing

B

Mining and quarrying

C

Manufacturing

D

Electricity, gas, steam and air conditioning supply

E

Water supply; sewerage, waste management and remediation activities

F

Construction

G

Wholesale and retail trade; repair of motor vehicles and motorcycle

H

Transportation and storage

I

Accommodation and food service activities

J

Information and communication

K

Financial and insurance activities

L

Real estate activities

M

Professional, scientific and technical activities

N

Administrative and support service activities

O

Public administration and defence; compulsory social security

P

Education

Q

Human health and social work activities

R

Arts, entertainment and recreation

S

Other service activities

For further terms, see the Dictionary of Statistical Terms.