Lithuania: total business economy production value 2020

In 2020, the production value of the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Lithuania remained nearly unchanged at around 62.5 billion euros. With a decline of 886.9 million euros (-1.4 percent), there is no significant change to 2019.
The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalized production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.

Find more statistics on the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Lithuania with key insights such as number of enterprises, turnover, and personnel costs.

Annual production value of the total business economy, repair of computers, personal, and household goods, except financial, and insurance activities in Lithuania from 2011 to 2020 (in million euros)

Characteristic	Annual production value in million euros
2020	62,494.5
2019	63,381.4
2018b	58,552
2017	52,266.4
2016	46,697.6
2015	45,758.1
2014	44,985
2013	43,650.3
2012	41,936.5
2011	39,595

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Release date

March 2024

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Region

Lithuania

Survey time period

2011 to 2020

Supplementary notes

b: Break in time series.
The source adds the following information: Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.
Data coverage corresponds to code B-N_S95_X_K of CE Rev 2.

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