Lithuania is the 39 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum.

Competitiveness Rank in Lithuania averaged 42.46 from 2007 until 2019, reaching an all time high of 53 in 2010 and a record low of 36 in 2016. This page provides the latest reported value for - Lithuania Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Lithuania Competitiveness Rank - values, historical data and charts - was last updated on October of 2020. source: World Economic Forum

Competitiveness Rank in Lithuania is expected to reach 40.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Competitiveness Rank is projected to trend around 40.00 in 2021, according to our econometric models.

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Lithuania Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
39.00 40.00 53.00 36.00 2007 - 2019 Yearly

Lithuania Business Last Previous Highest Lowest Unit
Business Confidence -7.50 -7.50 14.00 -38.00 points [+]
Industrial Production -1.30 -5.60 40.00 -26.10 percent [+]
Industrial Production Mom -0.40 7.70 22.10 -17.40 percent [+]
Manufacturing Production -2.70 -3.90 35.70 -31.40 percent [+]
Capacity Utilization 71.90 70.00 77.80 44.10 percent [+]
Changes in Inventories -897.80 -749.90 632.60 -897.80 EUR Million [+]
Car Registrations 4682.00 3397.00 4682.00 435.00 [+]
Internet Speed 14619.89 14565.38 15105.13 1613.98 KBps [+]
IP Addresses 1350900.00 1301324.00 1350900.00 380646.00 IP [+]
Mining Production -6.20 -0.50 58.60 -48.10 percent [+]
Bankruptcies 2090.00 2977.00 2977.00 590.00 Companies [+]
Competitiveness Index 68.35 67.12 68.35 4.29 Points [+]
Competitiveness Rank 39.00 40.00 53.00 36.00 [+]
Ease of Doing Business 11.00 14.00 27.00 11.00 [+]
Electricity Production 369.00 300.00 1406.00 155.00 Gigawatt-hour [+]
Corruption Index 60.00 59.00 61.00 38.00 Points [+]
Corruption Rank 35.00 38.00 58.00 32.00 [+]


Lithuania Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.