Rank and Economy

The rank of Lithuania from the poorest is 129th and from the richest is 74th using atlas method in 2003.In other methods IMF,WB, and CIA using nominal methods in 2007,2007, and 2008
IMF.............................................WB....................................................CIA
rank/measure..........................rank/measure.......................................rank/measure
48/11,515..........................39/11,353...........................................52/10,726

Lithuania’s economic freedom score is 72.1, making its economy the 22nd freest in the 2013 Index. Its overall score rose 0.6 point due to a concerted effort to rein in government spending, but economic freedom declined in six other areas, including freedom from corruption and business freedom. Lithuania is ranked 12th out of 43 countries in the Europe region, and its overall score is well above the world and regional averages.
The Lithuanian economy has implemented critical reforms in many areas, helping to create and sustain a vibrant private sector that has been growing rapidly. Business start-up procedures have been streamlined, and the low corporate tax rate facilitates entrepreneurial growth. Overall regulatory efficiency is further enhanced by open-market policies that support increased trade and investment flows.

Lithuania’s relatively sound judicial framework sustains the rule of law and provides consistent protection for property rights, contributing to overall stability and competitiveness. Although deficit-cutting measures have been implemented, continuing fiscal consolidation and better management of public finance will be critical to ensuring future prosperity.