Lithuania Lithuania vs Sweden Sweden development indicators, 2024

Indicator
Lithuania
Lithuania, Value
Sweden
Sweden, Value
Lithuania
Lithuania, Rank
Sweden
Sweden, Rank
Lithuania Lithuania as % of
Sweden Sweden
Current account balance (% of GDP) 2.48 7.42 35 13 33.4 %
Exports of goods and services (% of GDP) 74.1 54.6 19 34 136 %
Foreign direct investment, net inflows (% of GDP) 4.24 4.37 24 22 96.8 %
GDP per capita (current US$) 29,386 57,723 44 14 50.9 %
GDP per capita, PPP (current international US$) 54,414 71,030 37 23 76.6 %
Imports of goods and services (% of GDP) 68.9 50.2 24 56 137 %
Inflation, consumer prices (annual %) 0.716 2.84 145 88 25.2 %
Net migration 2,617 50,115 61 24 5.22 %
Population, total 2,888,055 10,569,709 138 92 27.3 %

Demography and Health

Lithuania has a birth rate of 7.2 per 1,000 people, lower than Sweden's 9.5, indicating a trend towards lower population growth. However, Lithuania's death rate at 12.9 per 1,000 is significantly higher than Sweden's 9, reflecting different health outcomes and possibly aging populations. In terms of life expectancy, Lithuanians can expect to live an average of 77 years, whereas Swedes enjoy a longer life expectancy of 83.3 years. This disparity may relate to health services and lifestyle factors. Lithuania’s mortality rate for children under five stands at 3.4 per 1,000 live births, slightly higher compared to Sweden's 2.5, emphasizing differences in healthcare access and quality. Additionally, Lithuania shows a concerning suicide mortality rate of 22.1 per 100,000 population, significantly higher than Sweden’s 13.8, indicating potential mental health challenges. The prevalence of undernourishment is equal in both nations at 2.5%. In terms of net migration, Lithuania sees low levels at 2,617 compared to Sweden’s substantial 50,115, suggesting Sweden's more attractive immigration policies and economic opportunities.

Economy

The GDP per capita for Lithuania is $29,386, significantly lower than Sweden's $57,723, positioning Sweden much higher in economic prosperity. When assessing purchasing power, Lithuania's GDP per capita, PPP (current international US$) is $54,414, while Sweden boasts a higher figure of $71,030. Lithuania has a strong export economy, with exports making up 74.1% of its GDP, in contrast to Sweden's 54.6%, indicating that Lithuania relies heavily on exports. High-technology exports also highlight a disparity, with Lithuania exporting approximately $3.7 billion and Sweden a far higher $25.2 billion, demonstrating Sweden’s advanced tech sector. Inflation in Lithuania remains low at 0.7%, significantly beneath Sweden’s 2.8%, which can positively impact consumers and businesses.

Trade and Investment

Lithuania’s imports as a percentage of GDP are at 68.9%, higher than Sweden's 50.2%. This indicates a robust demand for foreign goods, potentially linked to a developing economy. Both nations experience similar levels of foreign direct investment, with Lithuania recording 4.2% of GDP and Sweden at 4.4%, reflecting stable investment climates. Lithuania's current account balance is positive at 2.5%, though less favorable than Sweden's 7.4%, showcasing differing positions in international trade and economic resilience. The logistics performance index for Lithuania is rated at 3.5, slightly lower than Sweden's 4.2, which indicates that Sweden has a more efficient trade and transport infrastructure.

Governance and Institutions

Lithuania's control of corruption index scores at 0.8, while Sweden enjoys a much higher score of 2.0, indicating stronger institutional integrity and public trust in governance in Sweden. In terms of government effectiveness, Lithuania scores 1.1 compared to Sweden's 1.6, suggesting more effective public administration in Sweden. Political stability in Lithuania is reasonably strong at 0.7, yet still lower than Sweden's 0.8. The regulatory quality score in Lithuania is 1.3, whereas Sweden scores higher at 1.7, pointing towards a more stable regulatory environment in Sweden that likely fosters business and economic growth. Laws are more uniformly applied in Sweden, as indicated by its higher score of 1.6 compared to Lithuania's 1.3.

Infrastructure and Technology

Internet usage in Lithuania stands at 88.5%, while Sweden leads at 95.7%, indicating a far broader reach of digital technology and online engagement in Sweden. This difference suggests varied emphasis on technology and infrastructure development in both countries. Lithuania’s logistics performance index is 3.5 against Sweden's 4.2, reflecting superior trade and transport efficiency in Sweden. Investment in research and development is also contrasting, with Lithuania expending 1.1% of its GDP compared to Sweden's substantial 3.4%, highlighting a critical area for Lithuania to enhance innovation and productivity.

Environment and Sustainability

In terms of renewable energy consumption, Lithuania achieves a commendable 33.2%, while Sweden leads exceptionally high at 57.9%, signifying stronger commitment and advancements in sustainability practices. Lithuania's greenhouse gas emissions per capita are at 7.2 t CO2e, compared to Sweden's significantly lower figure of 4.7 t CO2e, emphasizing Sweden's enhanced environmental policies and practices. Additionally, Lithuania faces a lower level of water stress at 1.8% of freshwater resources, while Sweden's is more concerning at 3.6%, suggesting different challenges in water management and environmental sustainability.