Lithuania Lithuania vs Netherlands Netherlands development indicators, 2024

Indicator
Lithuania
Lithuania, Value
Netherlands
Netherlands, Value
Lithuania
Lithuania, Rank
Netherlands
Netherlands, Rank
Lithuania Lithuania as % of
Netherlands Netherlands
Current account balance (% of GDP) 2.48 9.92 35 10 24.9 %
Exports of goods and services (% of GDP) 74.1 84.1 19 11 88.1 %
Foreign direct investment, net inflows (% of GDP) 4.24 -1.1 24 101
GDP per capita (current US$) 29,386 68,219 44 12 43.1 %
GDP per capita, PPP (current international US$) 54,414 84,218 37 11 64.6 %
Imports of goods and services (% of GDP) 68.9 72 24 20 95.7 %
Inflation, consumer prices (annual %) 0.716 3.35 145 65 21.4 %
Net migration 2,617 121,628 61 17 2.15 %
Population, total 2,888,055 17,994,237 138 71 16 %

Demography and Health

Lithuania and the Netherlands exhibit notable differences in demographic and health indicators. The crude birth rate in Lithuania is 7.2 per 1,000 people, which is lower than the Netherlands' rate of 9.2, ranking Lithuania 74th and the Netherlands 36th globally. Moreover, the death rate in Lithuania is significantly higher at 12.9 per 1,000 people compared to 9.5 in the Netherlands, placing Lithuania 23rd and the Netherlands 62nd. Life expectancy at birth in Lithuania is 77 years, whereas in the Netherlands it is 81.9 years, indicating a health advantage for the latter. Lithuania's under-5 mortality rate is slightly lower at 3.4 per 1,000 live births compared to 4 in the Netherlands. Coincidentally, both countries have a prevalence of undernourishment of 2.5%, suggesting food security is similarly maintained. Lithuania's suicide mortality rate is concerningly high at 22.1 per 100,000 population, ranking 1st for this metric, compared to 11.5 in the Netherlands, which ranks 16th. Despite these challenges, Lithuania's net migration is 2,617, while the Netherlands enjoys substantial net migration of 121,628, reflecting its attractiveness as a destination.

Economy

The economic landscape of the Netherlands significantly outperforms that of Lithuania across most indicators. Lithuania's GDP per capita is $29,386, a stark contrast to the Netherlands' $68,219, positioning Lithuania 63rd in the world against the Netherlands' 12th. When adjusted for purchasing power parity (PPP), Lithuania's value of $54,414 again lags behind the Netherlands' $84,218, with Lithuania at 53rd place and the Netherlands at 9th. Lithuania's economy is heavily export-oriented, with exports comprising 74.1% of its GDP, ranking 45th, while the Netherlands has an even higher ratio of 84.1%, ranking 31st. The foreign direct investment (FDI) inflow in Lithuania stands at 4.2% of GDP, signaling some economic activity, while the Netherlands unfortunately reports a net outflow of -1.1% of GDP, adding a complexity to its investment landscape.

Trade and Investment

In terms of trade and international investment, the Netherlands showcases superior performance compared to Lithuania. The Netherlands boasts a remarkable high-technology export figure of $111 billion, starkly higher than Lithuania's $3.7 billion. This indicates a strong emphasis on advanced technology sectors within the Dutch economy. Also noteworthy is the Netherlands' current account balance, standing at 9.9% of GDP, which significantly outpaces Lithuania's 2.5%. This indicates a robust trade surplus in the Netherlands, supporting a stronger economic foundation. Lithuania, however, maintains its global trade activities with imports comprising 68.9% of GDP, close to the Netherlands' 72%.

Governance and Institutions

The governance landscape in the Netherlands shows stronger indices in various categories compared to Lithuania. The quality of governance in Lithuania is reflected with a control of corruption score of 0.8, while the Netherlands scores notably higher at 1.9, showing greater institutional integrity. Government effectiveness in Lithuania scores 1.1, indicating room for improvement, while the Netherlands scores 1.6. Regulatory quality also reflects this pattern, where Lithuania scores 1.3 compared to the Netherlands' 1.8. In terms of the rule of law, Lithuania achieves a score of 1.3 but falls short to the Netherlands' score of 1.6. Lithuania faces challenges with unemployment at 6.8% of the total labor force, compared to the Netherlands' significantly lower rate of 3.5%.

Infrastructure and Technology

Regarding infrastructure and technology, the Netherlands again excels over Lithuania. The logistics performance index, which assesses the quality of trade and transport infrastructure, indicates a score of 4.2 for the Netherlands, ranking 2nd in the world, whereas Lithuania scores 3.5, placing it 16th. The internet penetration rate reveals significant differences as well, with 88.5% of the Lithuanian population using the internet, compared with an impressive 97% in the Netherlands, which ranks 9th. This indicates a higher digital integration within the Dutch society, supporting economic and social development.

Environment and Sustainability

In the sphere of environmental sustainability, Lithuania appears to be making more advancements compared to the Netherlands. Lithuania's renewable energy consumption accounts for 33.2% of total final energy consumption, ranking 8th worldwide, whereas the Netherlands, with only 12.2%, ranks 25th. Moreover, Lithuania has a lower level of water stress, with a freshwater withdrawal ratio of 1.8% of total available resources, compared to 16.1% in the Netherlands. However, Lithuania's total greenhouse gas emissions per capita at 7.2 t CO2e remain slightly lower than the Netherlands' 8.4 t CO2e, indicating efforts in emission control in Lithuania though both countries have work to do.