Lithuania is considered a developed nation. A nation'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 nation, Lithuania is able to provide its citizens with social services such as public education, health care, and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Every year, Lithuania 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 it is not a cause for full concern in terms of investments. Potential lenders should look at other economic indicators, including GDP, the rate of urbanization and the strength of the currency, before making investment decisions. Government spending on education is 4.7% of GDP. The country's Gini index is 30.4. Lithuania experiences good equality. The majority of citizens in Lithuania fall within a narrow income bracket, although some cases can show significant differences. Lithuania has a Human Development Index (HDI) of 0.834. Lithuania has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Lithuania is 1,674. Due to the strong presence of law enforcement agencies and high social responsibility, Lithuania is very safe in international comparison. Index of strength of legal rights for Lithuania is 6. Overall, it is considered quite adequate - bankruptcy and collateral laws can at least adequately protect the rights of borrowers and lenders; Credit reports are usually sufficient and generally available.
Currency
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.
Credit rating
The credit rating depth index for Lithuania is 8, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to the credit rating agency S&P, Lithuania has a credit rating value of A- and the prospects for this rating are stable. According to the rating agency Fitch, Lithuania has a credit rating score of A- and the prospects for this rating are stable. According to the rating agency Moody's, Lithuania has a credit rating score of A3 and the prospects for this rating are stable.
Central bank
In Lithuania, the institution that manages the state's currency, money supply and interest rates is called the Bank of Lithuania. Locally, the Central Bank of Lithuania is called Lietuvos Bankas. The average interest rate on deposits offered by local banks in Lithuania is 1.22%.
https://www.confiduss.com/en/jurisdictions/lithuania/economy/
Currency
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.
Credit rating
The credit rating depth index for Lithuania is 8, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to the credit rating agency S&P, Lithuania has a credit rating value of A- and the prospects for this rating are stable. According to the rating agency Fitch, Lithuania has a credit rating score of A- and the prospects for this rating are stable. According to the rating agency Moody's, Lithuania has a credit rating score of A3 and the prospects for this rating are stable.
Central bank
In Lithuania, the institution that manages the state's currency, money supply and interest rates is called the Bank of Lithuania. Locally, the Central Bank of Lithuania is called Lietuvos Bankas. The average interest rate on deposits offered by local banks in Lithuania is 1.22%.
https://www.confiduss.com/en/jurisdictions/lithuania/economy/