Lithuania Lithuania vs Poland Poland development indicators, 2024

Indicator
Lithuania
Lithuania, Value
Poland
Poland, Value
Lithuania
Lithuania, Rank
Poland
Poland, Rank
Lithuania Lithuania as % of
Poland Poland
Current account balance (% of GDP) 2.48 0.196 35 52 1,265 %
Exports of goods and services (% of GDP) 74.1 52.3 19 37 142 %
Foreign direct investment, net inflows (% of GDP) 4.24 2.02 24 53 210 %
GDP per capita (current US$) 29,386 25,023 44 48 117 %
GDP per capita, PPP (current international US$) 54,414 50,378 37 42 108 %
Imports of goods and services (% of GDP) 68.9 48.3 24 58 143 %
Inflation, consumer prices (annual %) 0.716 3.79 145 56 18.9 %
Net migration 2,617 -238,062 61 207
Population, total 2,888,055 36,554,707 138 42 7.9 %

Demography and Health

Lithuania's crude birth rate is 7.2 per 1,000 people, slightly lower than Poland's rate of 7.4, ranking Lithuania 74th in the world compared to Poland's 72nd. Conversely, Lithuania's death rate stands at 12.9 per 1,000 people, significantly higher than Poland's 11.1, with Lithuania ranked 23rd and Poland 40th. Life expectancy in Lithuania is 77 years, contrasting with Poland’s 78.5 years. The under-5 mortality rate is notably better in Lithuania, at 3.4 per 1,000 live births, compared to Poland's 4.4, where Lithuania ranks 47th in the world. Lithuania exhibits a positive net migration rate of 2,617, while Poland has a significant negative migration figure of -238,062. Both countries report a prevalence of undernourishment at 2.5% of their populations, indicating that nutritional challenges are not a distinguishing factor.

Economy

In terms of economic performance, Lithuania has a GDP per capita of $29,386, surpassing Poland's $25,023. Furthermore, Lithuania has a higher GDP per capita adjusted for purchasing power parity (PPP) at $54,414 compared to Poland's $50,378. The exports of goods and services as a percentage of GDP reveal Lithuania’s robust economy at 74.1%, significantly higher than Poland’s 52.3%. Meanwhile, Lithuania's inflation rate is notably low at 0.7%, while Poland experiences a higher rate of 3.8%. Foreign direct investment inflows are more substantial in Lithuania, at 4.2% of GDP compared to Poland's 2%. Lastly, Lithuania maintains a healthier current account balance at 2.5% of GDP, compared to Poland's lower figure of 0.2%.

Trade and Investment

Lithuania excels in high-technology exports, generating $3.7 billion, but this is comparatively minor to Poland's $29.6 billion. Imports of goods and services as a percentage of GDP indicate Lithuania is more integrated globally with 68.9%, whereas Poland is at 48.3%. The contrasting figures reflect Lithuania's strong position in trade dynamics despite its smaller economy. Both countries rank similarly in terms of overall logistics performance, with both scoring 3.5, indicating equal quality in trade and transport-related infrastructure.

Governance and Institutions

Governance measures reveal that Lithuania performs better on multiple fronts. In Control of Corruption, Lithuania scores 0.8, while Poland is at 0.6. Government effectiveness ratings also favor Lithuania with a score of 1.1 compared to Poland’s 0.4. The Rule of Law index shows Lithuania at 1.3 and Poland at 0.5, indicating stronger legal institutions in Lithuania. Political stability in Lithuania is slightly higher at 0.7, compared to Poland’s 0.6. However, Lithuania faces challenges with unemployment, reported at 6.8%, notably higher than Poland's 2.7%.

Infrastructure and Technology

Both Lithuania and Poland have similar logistics performance indices, both rated at 3.5, reflecting comparable infrastructure quality in trade and transport facilities. However, Lithuania's high-tech patent applications indicate a stronger focus on innovation, with 81 applications compared to Poland's impressive figure of 3,377, suggesting a more substantial output in technology-driven research and development.

Environment and Sustainability

In the realm of sustainability, Lithuania stands out with renewable energy consumption at 33.2%, significantly higher than Poland's 15.2%, highlighting Lithuania’s commitment to cleaner energy sources. The level of water stress in Lithuania is particularly low at 1.8%, positively reflecting water resource management, while Poland faces greater challenges with a ratio of 32.1%. Regarding greenhouse gas emissions per capita, Lithuania's 7.2 tons of CO2e ranks more favorably than Poland's 9.9 tons, reinforcing Lithuania's stronger stance on environmental sustainability. Lastly, both countries maintain current health expenditure as a percentage of GDP at similar levels, with Lithuania slightly ahead at 7.3% versus Poland's 7%.