Industry and agriculture are relatively well developed. The economic situation has been basically stable since independence through the privatization of enterprises towards a market economy. There are three free economic zones in the country: Kaunas, Klaip?da and ?iauliai, where there is a favorable investment climate: a highway network of European standards, four international airports, a frozen port (on the East Baltic coast) and the first satellite communication system in the region. Industry is the backbone of Lithuania, consisting of three main sectors: mining and quarrying, processing and manufacturing, and energy industry. The industrial sector is relatively complete, with foodstuffs, wood processing, textiles and chemicals as the main industries, and the rapid development of machinery manufacturing, chemical industry, petrochemical industry, electronic industry and metal processing industry, etc. The high-precision machine tools, instruments and electronic computers produced by the industry are sold to more than 80 countries and regions all over the world. Vilnius, the capital, is the industrial center of the country, and the city's industrial output value accounts for more than two-thirds of Lithuania's total industrial output value. Agriculture is dominated by a high level of animal husbandry, accounting for more than 90% of the value of agricultural products. Crops include flax, potatoes, sugar beet and a variety of vegetables, cereal production is very low.
Lithuania's electronics, textile and food processing industries are more developed, sugar, milk and meat exports have certain advantages. It has basically completed the transition to a market economy, with the output value of non-state enterprises accounting for 73% of GDP. 2002 saw a further improvement in macroeconomic conditions, the success of financial and tax reforms, the deepening of the privatization process, the improvement of market supply and demand, and an increase in the inflow of foreign capital. The economy maintained relatively rapid growth, with GDP increasing by 5.9%. However, there are few pillar industries, unbalanced economic development among regions, limited government investment in education, culture and healthcare, and high unemployment. Lithuania's Macroeconomic Aggregates in 2013 GDP $459.28 GDP per capita $15,526 GDP growth rate 3.3% Currency name Litas, with Litas as the secondary currency Exchange rate 1 USD = 3.25 Litas Inflation rate 1.2% As of the end of 2013, the gold and foreign exchange reserves amounted to 8.013 billion Litas, a year-on-year increase of 20%. Total state debt amounted to LTL 13.163 billion (26.3% of GDP), of which LTL 9.178 billion was foreign debt and LTL 3.985 billion was domestic debt.
***There are more than 10 banks, the main ones and their assets are as follows:
1. Vilniaus Bank, with assets of LTL 6,048 million, value of deposits and letters of credit of LTL 4,162 million, and loan volume of LTL 2,744 million.
2. Hansa-Lithuanian Savings Bank (Hansa-LTB), assets LTL 3,959 mln, value of deposits and letters of credit LTL 3,360 mln, loan volume LTL 1,206 mln.
3. Agricultural Bank of Lithuania (ABL) with assets of LTL 1,792 mln, deposits and letters of credit worth LTL 1,179 mln, loans amounting to LTL 958 mln.
4. Snoras Bank, with assets of LTL 901 million, deposits and letters of credit worth LTL 686 million, and loans amounting to LTL 548 million. According to Riksbank customs statistics, in 2002 exports amounted to LTL 20,279.8 million, up 10.6%, imports LTL 28,201.1 million, up 11%, with a deficit of LTL 7,940.3 million. The main export commodities were mineral products and textiles, and the main import commodities were mineral products and electromechanical products.
Exports to EU countries in 2002 amounted to LTL 9,815.4 million, accounting for 48.4% of total exports, up 12.0% year-on-year; exports to CIS countries amounted to LTL 3,893.7 million, accounting for 19.2% of total exports, up 7.7% year-on-year. Imports from EU countries amounted to LTL 12,699.0 million, accounting for 45% of the total imports, up 13.6% year-on-year, and imports from CIS countries amounted to LTL 7,393.7 million, accounting for 26.2% of the total imports, a decrease of 0.9% year-on-year.
The main export partner countries and their shares in 2002 were: Britain 13.5%, Russia 12.1%, Germany 10.3%, Latvia 9.6%, Poland 6.2%. The main import partner countries and their shares are: Russia 21.4%, Germany 17.2%, Italy 4.9%, Poland 4.8%. New Year's Day: January 1, 1991
National Reconstruction Day (National Day): February 16, 1918 (February 16, 1918 Lithuania proclaimed the reconstruction of the country and the establishment of the Lithuanian *** and State)
Restoration of Independence Day: March 11, 1990 (March 11, 1990 Lithuania issued a declaration of independence)
May Day: May 1, 1886
Mother's Day: the first Sunday of May
State Day: July 6, 1253 (July 6, 1253, the Lithuanian King Mintaukas was crowned)
Halloween and Mourning of the Dead: November 1
Christmas Day: December 25
Lithuanians also enjoy a 28-day annual holiday in addition to the public **** holidays, with an annual vacation period of 28 days, which culminates in the period from July to September each year. After Lithuania's independence, state-owned general and specialized hospitals as well as state-owned clinics at all levels were repaired and renovated to a large extent, medical equipment was introduced and updated, and the professionalism of medical staff was raised.
According to the World Health Organization, in 2011, Lithuania's total national healthcare expenditure accounted for 6.7% of GDP, and per capita healthcare expenditure was US$1,352 in terms of purchasing power parity. during 2006-2012, there was an average of 70 hospital beds per 10,000 people. Lithuania's main newspapers include Lithuanian Morning (the country's number one newspaper), **** and State, Lithuanian Echo (both in Lituanian and Russian), Evening News, Business News, Kaunas Daily, Western Express, and People Magazine.
The main news agencies are: the state news agency - Lithuanian News Agency (ELTA); the Baltic News Agency (BNS), etc., all of which are private news agencies.
The main television stations are: Lithuanian Television - National Television, Freedom and Independence Channel, Baltic Television (daily broadcasting of CNN news programs in the United States), Vilnius Television, TV-3, TV-4, Kaunas Television, etc. The main news agencies are: the national news agency - Lithuanian News Agency (ELTA); Baltic News Agency (BNS), etc., all of which are private news agencies. TV, Kaunas TV, etc.
The main radio stations are: State Radio - Lithuanian Radio (daily programs in Russian, Polish, English and other languages), "M-1" Radio, "Central Radio" (transmitting programs of Voice of America-Europe), Russian-language radio station "Russian Radio", "Russian Broadcasting", and "Vilnius Television". "Russian Radio, Freedom Wave, and the Polish-language station ZNAD WILII.
In 2008, Lithuania regularly published more than 500 periodicals with a total annual circulation of 70 million copies, and more than 300 newspapers with a circulation of 258 million copies. At the beginning of 2007, the country's residential area was 81.4 million square meters, and the area of housing use per capita was 24.1 square meters, 22.9 square meters for urban residents and 26.3 square meters for rural residents. There are 174 hospitals nationwide***, with 27,114 beds and 13,510 doctors, or 80.1 beds and 39.9 doctors per 10,000 inhabitants. As of the beginning of 2007, there were 792,400 fixed telephones and 4,718,200 cell phone subscribers in L***, and the penetration rates of home computers and the Internet reached 42% and 40.3% respectively.
At the end of 2008, the monthly salary of Litas residents was Litas 2,174 (about 630 euros), up 20.6 percent year-on-year from 2007, real income after taxes was Litas 1,667.2, up 23.3 percent, and the average old-age pension was Litas 770 (about 223 euros), up 29.4 percent.The average unemployment rate for the whole year of 2008 was 5.8 percent.At the end of 2008, the number of registered unemployed people was 9,924, and the average number of unemployed people in the country was 5.8 percent. At the end of 2008, 94.3 thousand people were registered as unemployed.