About Lithuania...
Lithuania, officially the Republic of Lithuania is a country in Northern Europe, the southernmost of the three Baltic states. Situated along the southeastern shore of the Baltic Sea, it shares borders with Latvia to the north, Belarus to the southeast, Poland, and the Russian exclave of Kaliningrad to the southwest. Across the Baltic Sea to the west lies Sweden and Denmark. Its population is 3.32 million. Its capital and largest city is Vilnius. Prior to the global financial crisis of 2008-2009, Lithuania had one of the fastest growing economies in the European Union. Lithuania is a member of NATO, the Council of Europe, and the European Union. Lithuania became a full member of the Schengen Agreement on 21 December 2007. In 2009, Vilnius was the European Capital of Culture and Lithuania celebrated the millennium of its name. In 2003, before joining the European Union, Lithuania had the highest economic growth rate amongst all candidate and member countries, reaching 8.8% in the third quarter. In 2004 - 7.4%; 2005 - 7.8%; 2006 - 7.8%; 2007 - 8.9%, 2008 Q1 - 7.0% growth in GDP reflects the impressive economic development. Most of the trade Lithuania conducts is within the European Union. By UN classification, Lithuania is a country with high average income. The country boasts a well developed modern infrastructure of railways, airports and four-lane highways. As of October 2008, the unemployment rate is 4.7%. According to officially published figures, EU membership fueled a booming economy, increased outsourcing into the country, and boosted the tourism sector. The litas, the national currency, has been pegged to the euro since 2 February 2002 at the rate of EUR 1.00 = LTL 3.4528, and Lithuania is expecting to switch to the euro on 1 January 2013. There is gradual but consistent shift towards a knowledge-based economy with special emphasis on biotechnology (industrial and diagnostic) - major biotechnology producers in the Baltic countries are concentrated in ,b>Lithuania - as well as laser equipment. Also mechatronics and information technology (IT) are seen as prospective knowledge-based economy directions in Lithuania.
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| Exports To Lithuania Facts |
| Location: |
Eastern Europe |
| Coordinates: |
56 00 N, 24 00 E |
| Int. Dialing Code: |
+370 |
| Currency: |
litai (LTL) |
| Language: |
Lithuanian (official) 82% |
| Area: |
65,300 sq km |
| Capital City: |
Vilnius |
| Population: |
3,555,179 (July 2009 est.) |
| Population Ranking: |
130 |
| Employment: |
86.3% |
| Inflation: |
4.2% (2009 est.) |
| GDP: |
$54.84 billion (2009 est.) |
| GDP Ranking: |
88 |
| GDP Growth: |
-15% (2009 est.) |
| Internet Users: |
1.777 million (2008) |
| Television Stations: |
44 |
| Phone Lines: |
784,900 (2008) |
| Mobile Phones: |
5.023 million (2008) |
| Major Industry: |
metal-cutting machine tools, electric motors, television sets, refrigerators and freezers, petroleum refining, shipbuilding (small ships), furniture making, textiles, food processing, fertilizers, agricultural machinery, optical equipment, electronic components, computers, amber jewelry |
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