Balanced trade in services in Lithuania
Lithuania: Balanced trade in services was 1.25 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Lithuania, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Lithuania recorded 1.25 US dollars, exchange rate converted for balanced trade in services in 2024. That is the highest value across all 20 years on record.
That represents a change of up 1.9% on the previous year and up 65.9% over ten years.
Over the whole period, balanced trade in services in Lithuania peaked at 1.25 US dollars, exchange rate converted in 2024 and was at its lowest, 0.4626 US dollars, exchange rate converted, in 2006.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Lithuania, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.4764 US dollars, exchange rate converted | — |
| 2006 | 0.4626 US dollars, exchange rate converted | -2.9% |
| 2007 | 0.5389 US dollars, exchange rate converted | +16.5% |
| 2008 | 0.5942 US dollars, exchange rate converted | +10.3% |
| 2009 | 0.5267 US dollars, exchange rate converted | -11.4% |
| 2010 | 0.5615 US dollars, exchange rate converted | +6.6% |
| 2011 | 0.596 US dollars, exchange rate converted | +6.1% |
| 2012 | 0.6198 US dollars, exchange rate converted | +4.0% |
| 2013 | 0.6691 US dollars, exchange rate converted | +8.0% |
| 2014 | 0.7554 US dollars, exchange rate converted | +12.9% |
| 2015 | 0.7286 US dollars, exchange rate converted | -3.5% |
| 2016 | 0.721 US dollars, exchange rate converted | -1.0% |
| 2017 | 0.8139 US dollars, exchange rate converted | +12.9% |
| 2018 | 0.8582 US dollars, exchange rate converted | +5.4% |
| 2019 | 0.8856 US dollars, exchange rate converted | +3.2% |
| 2020 | 0.5334 US dollars, exchange rate converted | -39.8% |
| 2021 | 0.6907 US dollars, exchange rate converted | +29.5% |
| 2022 | 1.03 US dollars, exchange rate converted | +48.7% |
| 2023 | 1.23 US dollars, exchange rate converted | +19.8% |
| 2024 | 1.25 US dollars, exchange rate converted | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5197 US dollars, exchange rate converted | 0.4626 US dollars, exchange rate converted | 0.5942 US dollars, exchange rate converted | 5 |
| 2010s | 0.7209 US dollars, exchange rate converted | 0.5615 US dollars, exchange rate converted | 0.8856 US dollars, exchange rate converted | 10 |
| 2020s | 0.9469 US dollars, exchange rate converted | 0.5334 US dollars, exchange rate converted | 1.25 US dollars, exchange rate converted | 5 |
Countries ranked near Lithuania
- 5 India 99.38 US dollars, exchange rate converted compare
- 6 Singapore 97.34 US dollars, exchange rate converted compare
- 6 Mauritania 0.848 US dollars, exchange rate converted compare
- 6 Democratic Republic of the Congo 2.13 US dollars, exchange rate converted compare
- 7 Equatorial Guinea 0.7637 US dollars, exchange rate converted compare
- 7 Latvia 1.98 US dollars, exchange rate converted compare
- 7 Japan 89.29 US dollars, exchange rate converted compare
- 8 Moldova 0.6755 US dollars, exchange rate converted compare
- 8 Brazil 83.18 US dollars, exchange rate converted compare
- 9 Madagascar 0.6325 US dollars, exchange rate converted compare
- 9 Slovenia 0.9632 US dollars, exchange rate converted compare
- 9 Australia 73.5 US dollars, exchange rate converted compare
- 10 Fiji 0.5978 US dollars, exchange rate converted compare
- 10 Switzerland 68.76 US dollars, exchange rate converted compare
- 10 Estonia 0.8532 US dollars, exchange rate converted compare
- 11 Syrian Arab Republic 0.4739 US dollars, exchange rate converted compare
- 11 Hong Kong 66.5 US dollars, exchange rate converted compare
- 11 Eswatini 0.5824 US dollars, exchange rate converted compare
More economy & growth data for Lithuania
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.23 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 36.84 Percentage of GDP (2029)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Index of digital trade integration and openness 0.1981 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Timely indicators of entrepreneurship by enterprise characteristics 15,948 Enterprises (2024)
Frequently asked questions
- What is balanced trade in services in Lithuania?
- Balanced trade in services in Lithuania was 1.25 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Lithuania?
- The highest recorded value was 1.25 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Lithuania?
- The lowest recorded value was 0.4626 US dollars, exchange rate converted in 2006.
- How does Lithuania rank for balanced trade in services?
- Lithuania ranks 8th out of 12 countries with data for 2024.
- Is balanced trade in services rising or falling in Lithuania?
- Over the last ten years it is up 65.9%. The long-run trend across the full record is rising.
- Where does this Lithuania data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html