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Lithuania

Welcome to the price transmission page for Lithuania. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Lithuania

Historic Warnings per Commodity

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Background information

Located along the Baltic Sea, Lithuania is a small country with a population of around 3 million people. Along with its neighboring former Soviet republics, Lithuania was severely hit by Global Recession in 2008-09. However, Lithuania’s economy quickly revived and grew at a rate above the European average. This recovery depends significantly on export growth, which itself is influence by economic performances of its main trade partners, namely the European Union and Russia. Lithuania is basically a service-orientated country.

Around one-third of the country’s land is used as arable land, although the agricultural sector contributes to only a minor share of less than 5% of GDP. The product range comprises traditional crops such as grains or potatoes as well as dairy products and livestock. Overall, Lithuania is a major net cereals exporter.

Lithuania’s population growth rate is negative and ranks among the lowest worldwide. Attributing factors are a surprisingly high death and a low birth rate. In the beginning of this century, around 5% of the population was still living below the poverty line. According to the GHI (2015), Lithuania ranks lowest among the Eastern European countries with a score of below 5. Nevertheless, it is a country with very high human development according to the HDI (2014).