Lithuania Lithuania vs Luxembourg Luxembourg development indicators, 2024

Indicator
Lithuania
Lithuania, Value
Luxembourg
Luxembourg, Value
Lithuania
Lithuania, Rank
Luxembourg
Luxembourg, Rank
Lithuania Lithuania as % of
Luxembourg Luxembourg
Current account balance (% of GDP) 2.48 13.8 35 7 17.9 %
Exports of goods and services (% of GDP) 74.1 216 19 1 34.4 %
GDP per capita (current US$) 29,386 137,517 44 2 21.4 %
GDP per capita, PPP (current international US$) 54,414 150,772 37 1 36.1 %
Imports of goods and services (% of GDP) 68.9 183 24 1 37.7 %
Inflation, consumer prices (annual %) 0.716 2.05 145 112 34.9 %
Net migration 2,617 5,677 61 53 46.1 %
Population, total 2,888,055 677,717 138 167 426 %

Demography and Health

Lithuania has a crude birth rate of 7.2 per 1,000 people, lower than Luxembourg's 9.5, ranking 74th compared to Luxembourg's 28th position. Conversely, the death rate in Lithuania is significantly higher at 12.9 per 1,000 people, making it 23rd in the world, while Luxembourg maintains a lower death rate of 6.6, ranking 80th. Life expectancy in Lithuania is 77 years, notably below Luxembourg's 83.4 years. The under-5 mortality rate also reflects challenges in child health, with Lithuania reporting 3.4 deaths per 1,000 live births, ranked 47th compared to Luxembourg's 2.3 deaths, which ranks 72nd. Lithuania faces a pressing issue with a suicide mortality rate of 22.1 per 100,000 population, the highest in the world, while Luxembourg’s is 8.2, ranking 23rd. These indicators highlight Lithuania's ongoing health challenges relative to Luxembourg.

Economy

Lithuania's GDP per capita stands at $29,386, far below Luxembourg's $137,517, where it holds a top rank as the richest country globally. In terms of purchasing power parity (PPP), Lithuania's GDP per capita is $54,414 while Luxembourg's is $150,772. Lithuania's economy is heavily export-oriented with exports of goods and services constituting 74.1% of its GDP, yet this pales in comparison to Luxembourg’s remarkable 216%. Lithuania also records a higher inflation rate of 0.7%, which is lower than Luxembourg's 2.1%. Current health expenditures in Lithuania represent 7.3% of GDP, which is higher than Luxembourg’s 5.8%, reflecting different public investment levels in health sectors despite overall economic disparity.

Trade and Investment

Lithuania's trade dynamics indicate a high export percentage, but imports also constitute a significant 68.9% of GDP, ranking 48th. Luxembourg, known for its strong financial sector, has imports at 183% of GDP, ranking it 3rd globally. The high-tech export figures exhibit Lithuania's competitiveness in innovation with $3.7 billion compared to Luxembourg's $801.2 million. The efficiency of investment and trade infrastructure is nearly comparable with Lithuania scoring a logistics performance index of 3.5 against Luxembourg's 3.6, illustrating that both nations strive to improve their trade facilitation despite differing scales of economy.

Governance and Institutions

In terms of governance, Lithuania has room for improvement, with a control of corruption score of 0.8, ranking 35th, while Luxembourg shines with a score of 1.9 and ranks 11th in this measure. Government effectiveness in Lithuania scored 1.1, placing it 38th, contrasting with Luxembourg, which boasts a score of 1.9 and ranks 5th. Furthermore, the rule of law is stronger in Luxembourg (1.8, ranked 8th) compared to Lithuania's 1.3 (ranked 31st), indicating a more robust legal framework in Luxembourg. Political stability is crucial for investment and development, with Lithuania's score of 0.7 ranking it 30th, while Luxembourg holds a more favorable score of 1.1, ranking 3rd.

Infrastructure and Technology

Both Lithuania and Luxembourg are developing their infrastructure and technology capabilities. Lithuania's performance in research and development expenditure is 1.1% of GDP, slightly higher than Luxembourg's 1%. Patent applications hint at Lithuania's innovative environment with 81 applications compared to Luxembourg’s 112. The quality of trade and transport-related infrastructure shows Lithuania with a logistics performance index of 3.5, slightly behind Luxembourg's 3.6, indicating that both countries maintain developed infrastructures, although Luxembourg's is recognized as marginally better.

Environment and Sustainability

When assessing environmental sustainability, both nations fare well, yet Lithuania appears to have a stronger commitment to renewable energy consumption, with 33.2% of its total energy coming from renewable sources, compared to Luxembourg’s 20.5%. Both countries show equal prevalence of undernourishment at 2.5%. However, Lithuania's total greenhouse gas emissions per capita are 7.2 tons, which is lower than Luxembourg's 11.8 tons, suggesting a need for improved environmental policies in the latter. Water stress also presents challenges, with Lithuania managing 1.8% of its freshwater resources compared to Luxembourg’s 4%, indicating Lithuania’s better water resource management, reflecting greater sustainability efforts.