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Finance of Lithuania

The minimum monthly wage in Lithuania is USD 477. Lithuania has a public debt equal to 48.6% of the country's gross domestic product (GDP), estimated in 2012. In terms of consumer prices, the inflation rate in Lithuania is 1.2%. The currency of Lithuania is Euro. There are several plural forms of the name "euro". These are euros, euros. The symbol used for this currency is €, abbreviated to EUR. The euro is divided into cents; 1 euro is 100. Every year, consumers spend around 25,363 million US dollars. The ratio of consumer spending to GDP in Lithuania is 0.05%, and the ratio of consumer spending to world consumer market is 7.31%. Corporate income tax in Lithuania is 15%. Personal income tax ranges from 0% to 15% depending on your specific situation and income level. VAT in Lithuania is 21%.

Gross domestic product
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Lithuania is US$79,933 billion. The gross domestic product (GDP) per capita calculated in Purchasing Power Parity (PPP) in Lithuania was last $27,788,526. PPP is considered very good in Lithuania compared to other countries. A very good PPP shows that citizens in this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good PPP are safe investment locations. Total gross domestic product (GDP) in Lithuania is 46.403 billion. Based on this statistic, Lithuania is considered to be of medium economic strength. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Lithuania was last seen at $16,131,898. The average citizen in Lithuania has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. Highly skilled labor can be found in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Lithuania in 2014 averaged 3%. According to this percentage, Lithuania is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will increase accordingly.

https://www.confiduss.com/en/jurisdictions/lithuania/economy/finance/