Estonia vs Lithuania: Venture capital investments
Venture capital investments over time
- Estonia
- Lithuania
How they compare
Estonia currently reports 0.3399 Percentage of GDP against 0.0651 Percentage of GDP in Lithuania, a difference of 0.2748 Percentage of GDP.
That makes Estonia's figure about 5.2 times Lithuania's.
The two have swapped places 5 times across 19 shared years of data; in 2007 it was Lithuania ahead.
Estonia ranks 1st and Lithuania ranks 3rd of 6 countries.
Estonia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Estonia | Lithuania | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 0.0225 Percentage of GDP | 0.0059 Percentage of GDP | 0.0166 Percentage of GDP | Estonia |
| 2010s | 0.046 Percentage of GDP | 0.0128 Percentage of GDP | 0.0332 Percentage of GDP | Estonia |
| 2020s | 0.2764 Percentage of GDP | 0.0574 Percentage of GDP | 0.2189 Percentage of GDP | Estonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher venture capital investments, Estonia or Lithuania?
- Estonia, at 0.3399 Percentage of GDP against 0.0651 Percentage of GDP in Lithuania as of 2025.
- What is the difference in venture capital investments between Estonia and Lithuania?
- 0.2748 Percentage of GDP, with Estonia ahead.
- How many years of comparable data are there for Estonia and Lithuania?
- 19 years are reported by both, from 2007 to 2025.
- How do Estonia and Lithuania rank globally for venture capital investments?
- Estonia ranks 1st and Lithuania ranks 3rd of 6 countries.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Venture capital investments (market statistics). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
In the OECD Entrepreneurship Financing Database, venture capital is made up of the sum of early stage (including pre-seed, seed, start-up and other early stage) and later stage venture capital. As there are no harmonised definitions of venture capital stages across venture capital associations and other data providers, original data have been re-aggregated to fit the OECD classification of venture capital by stages. Korea, New Zealand, the Russian Federation and South Africa do not provide breakdowns of venture capital by stage that would allow meaningful international comparisons. The attached table shows the correspondences between original data and OECD harmonised data for venture capital investments by stage. https://webfs-sdd.oecd.org/files/.Stat/VC_INV/VC_OECD_HarmonisedStages.xlsx Venture capital is a form of equity financing particularly relevant for young companies with innovation and growth potential but untested business models and no track record; it replaces or complements traditional bank finance. The development of the venture capital industry is considered an important framework condition to stimulate innovative entrepreneurship. Aggregate data on venture capital provide useful information on trends in the venture capital industry. These data are typically compiled by national or regional Private Equity and Venture Capital Associations, often with the support of commercial data providers. The quality and availability of aggregate data on venture capital have improved considerably in recent years; international comparisons, however, remain complicated because of two main problems. The first difficulty comes from the lack of a standard international definition of venture capital. While there is a general understanding, the definition of the types of investments included in venture capital varies across countries and regions. In some cases, differences are purely linguistic; in others, they are more substantive. The second problem relates to the diverse methodologies employed by data compilers. The completeness and representativeness of venture capital statistics with respect to the venture capital industry of a country will differ depending on how data were collected. The units used are : Millions of US Dollars and share of GDP. OECD statistics contact: stat.contact@oecd.org