About the ILO in Lithuania

Fast recovery from limited impact of the pandemic, Lithuania faces challenges of high inflation and supply disruption by the war in Ukraine

 

After regaining its independence in 1990, Lithuania embarked on a major economic transition from command to social market economy. This contributed to a catching-up towards the living standards in the European Union. The country’s EU membership in 2004 further helped accelerate convergence. Lithuania’s per capita GDP in 2021 is 89 per cent of the EU average. Labour markets benefited from these developments before the Covid-19 pandemic. In 2019, the employment rate stood at 78.0 per cent, above the EU average of 73.2 per cent, while unemployment fell to 6.3 per cent below EU average of 6.8 per cent.    Continue reading