Lithuania vs Malta development indicators, 2024

Indicator	Lithuania, Value	Malta, Value	Lithuania, Rank	Malta, Rank	Lithuania as % of Malta
Current account balance (% of GDP)	2.48	5.69	35	19	43.5 %
Exports of goods and services (% of GDP)	74.1	123	19	6	60 %
Foreign direct investment, net inflows (% of GDP)	4.24	175	24	1	2.42 %
GDP per capita (current US$)	29,386	42,347	44	27	69.4 %
GDP per capita, PPP (current international US$)	54,414	67,364	37	24	80.8 %
Imports of goods and services (% of GDP)	68.9	106	24	6	65 %
Inflation, consumer prices (annual %)	0.716	1.65	145	123	43.4 %
Net migration	2,617	6,323	61	52	41.4 %
Population, total	2,888,055	574,346	138	170	503 %

Demography and Health

Lithuania has a crude birth rate of 7.2 per 1,000 people, which is slightly lower than Malta's 8.1, indicating a slower population growth rate. However, Lithuania faces a higher death rate at 12.9 per 1,000 compared to Malta's 7.3, placing Lithuania 23rd in the world for death rates, significantly affecting its demographic trends. Life expectancy at birth in Lithuania stands at 77 years, whereas Malta enjoys a higher life expectancy of 83.5 years, reflecting better health outcomes. Additionally, Lithuania has a concerning suicide mortality rate of 22.1 per 100,000 people, the highest globally, while Malta's rate is considerably lower at 6.5, indicating better mental health support and conditions. For under-5 mortality rates, Lithuania performs relatively well at 3.4 per 1,000 live births compared to Malta's 5.5, suggesting differences in maternal and infant healthcare quality.

Economy

Lithuania's GDP per capita is $29,386, lower than Malta's $42,347, reflecting Malta's stronger economic performance. In terms of GDP per capita on a purchasing power parity basis, Lithuania stands at $54,414, compared to Malta's $67,364, indicating a similar trend. Exports of goods and services constitute 74.1% of Lithuania's GDP, which, while significant, is still below Malta's impressive 123%. Conversely, Lithuania has lower import percentages at 68.9% of GDP compared to Malta's 106%, indicating a more balanced trade position. On inflation, Lithuania maintains a low annual consumer price inflation rate of 0.7% against Malta's 1.7% in the recent estimate. Overall, while both economies show strengths, Malta demonstrates a more robust economic status.

Trade and Investment

Lithuania's net inflows of foreign direct investment amount to 4.2% of GDP, whereas Malta experiences remarkably higher inflows at 175%, highlighting Malta's favorable investment environment. Furthermore, the current account balance reveals a surplus of 2.5% of GDP for Lithuania compared to Malta's 5.7%. The logistics performance index shows Lithuania scoring 3.5 against Malta's 3.7, indicating some competitive advantages in logistics. High-technology exports are notably higher in Lithuania at $3.7 billion, reflecting a growing tech sector compared to Malta's $1.2 billion. This indicates that while Malta is attractive for investment, Lithuania is nurturing a rising export sector, particularly in technology.

Governance and Institutions

Lithuania performs relatively well in governance metrics, with a Control of Corruption score of 0.8 and Government Effectiveness at 1.1, compared to Malta's lower scores of 0.1 and 0.4 respectively. In terms of political stability, both countries rank similarly, with Lithuania at 30 and Malta slightly better at 19. Regulatory Quality and Rule of Law also reflect better governance in Lithuania (1.3 for both) compared to Malta (0.7). However, Lithuania faces challenges like higher unemployment rates at 6.8%, contrasting with Malta's lower rate of 3.1%, indicating different labor market outcomes and the influence of governance on economic stability.

Infrastructure and Technology

In 2023, Lithuania boasts that 88.5% of its population uses the Internet, slightly less than Malta's impressive 92.1%. The logistics performance index ranks both countries fairly close, with Lithuania at 3.5 and Malta at 3.7, highlighting comparable trade and transport-related infrastructures. Lithuania's high number of patent applications (81) demonstrates a commitment to innovation, surpassing Malta's 5 applications. This underlines the importance of fostering a strong technology sector in Lithuania to fuel future economic growth and competitiveness.

Environment and Sustainability

On environmental metrics, Lithuania is making strides with 33.2% of its total final energy consumption coming from renewable sources, a significant advantage over Malta's mere 8.6%. Both countries have a similar prevalence of undernourishment at 2.5%, showing a shared strength in food security. However, Lithuania faces considerable challenges with greenhouse gas emissions at 7.2 tons per capita, which is higher than Malta's 3.7 tons. Furthermore, Lithuania has a lower level of water stress compared to Malta, suggesting better management of freshwater resources. This duality in environmental performance highlights the importance of sustainable practices and innovation in energy consumption for both nations moving forward.