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Lithuania is considered a developed country. A country's level of development is determined by a number of factors, including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed country, Lithuania can offer its citizens social services such as public education, healthcare and law enforcement. Citizens of developed countries have a higher standard of living and longer life expectancy than citizens of developing countries. Lithuania annually exports about $30.4 billion and imports about $32.52 billion. 7.3% of the country's population is unemployed. The total number of unemployed in Lithuania is 209,983. In Lithuania, 22.2% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Lithuania is quite high, but this is not a cause for complete concern in terms of investment. Potential lenders should look at other economic indicators, including GDP, urbanization and currency strength, before making investment decisions. Public spending on education is 4.7% of GDP. The country's Gini index is 30.4. There is good equality in Lithuania. Most Lithuanian citizens fall into a narrow income group, although there can be significant differences in some cases. Lithuania has a Human Development Index (HDI) of 0.834. Lithuania has a high HDI. This suggests that the majority of citizens will be able to lead a decent life, providing significant assistance and support to citizens with a lower standard of living. The Global Peace Index (GPI) for Lithuania is 1674. With a strong law enforcement presence and high social responsibility, Lithuania is very safe compared to other countries. The strength of legal rights index for Lithuania is 6. In general, it is considered quite adequate - bankruptcy and pledge laws can at least adequately protect the rights of borrowers and creditors; Credit reports are usually sufficient and publicly available.

Currency

The currency of Lithuania is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.

Credit rating

The depth of credit information index for Lithuania is 8, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Lithuania has a credit rating score of A-, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Lithuania has a credit rating score of A-, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Lithuania has a credit rating score of A3, and the prospects of this rating are stable.

Central bank

In Lithuania, the institution that manages the state's currency, money supply, and interest rates is called Bank of Lithuania. Locally, the central bank of Lithuania is called Lietuvos Bankas. The average deposit interest rate offered by local banks in Lithuania is 1.22%.

Public debt

Lithuania has a government debt of 48.6% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information

The corporate tax in Lithuania is set at 15%. Personal income tax ranges from 0% to 15%, depending on your specific situation and income level. VAT in Lithuania is 21%.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Lithuania is $79933 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Lithuania was last recorded at $28 million. PPP in Lithuania is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Lithuania is 46,403 billion. Based on this statistic, Lithuania is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Lithuania was last recorded at $16 million. The average citizen in Lithuania has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can b

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