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SIGITAS BRAZINSKASLithuanian Development Agency
[email protected]://WWW.LDA.LT
Lithuania: export
oriented economy
THE BALTIC SEA REGION A 100 MILLION PEOPLE MARKET POTENTIAL
PLUS ADJOINING MARKETS EAST & WEST
LITHUANIAN DEVELOPMENT AGENCY
THE LITHUANIAN ECONOMY 1998 1999 2000 2001 2002*
GDP Growth: 5.1% (4.1%) 3.3% 5.9% 5.2%
3rd Q 2002 – 6.6%
Inflation: 2.4% 0.3% 1.4% 2.1% 1.0%
Unemployment: 6.4% 8.4% 11.4% 10.7% 10.5%
Exports (€ bn): 4.3 3.5 4.4 5.3 6.0
Imports (€ bn): 6.7 5.6 6.3 7.3 8.2 FDI (cum. € bn): 2.3 2.8 3.1 3.4 3.8
Source: Lithuanian Department of Statistics*-forecast
LITHUANIAN DEVELOPMENT AGENCY
GDP – stable growth
• Growth by 6.6 % (IIIrd Q 2002) in:
Building industryTransportWarehouses Wholesale, retail
Source: department of Statistics
LITHUANIAN DEVELOPMENT AGENCY
LITHUANIA RAPIDLY BECOMINGAN EXPORT ECONOMY
Exports increase in year 2001 by 20%
EXPORTS AS % OF GDP:
• 1999 – 28%
• 2000 – 34%
• 2001 – 38% 21
LITHUANIAN DEVELOPMENT AGENCY
The Lithuania’s export performance, Y2001,bill. LTL, % of GDP
Source: Department of Statistics
%
LITHUANIAN DEVELOPMENT AGENCY
Growth in export, Y2001-2002, 8 months, thous. LTL
12034
12409
11800
11900
12000
12100
12200
12300
12400
12500
2001 2002
Source: Department of Statistics
LITHUANIAN DEVELOPMENT AGENCY
Lithuanian export structure, % Y2001
22
24
54
MP Reexport LT origin
Source: National Development Institute
LITHUANIAN DEVELOPMENT AGENCY
WHAT DO THESE FAMOUS COMPANIES
HAVE IN COMMON? • IBM
• MOTOROLA• TOSHIBA• SIEMENS• RENAULT• ADIDAS
• IKEA• VOLVO, SAAB, VW
• SAMSUNG• PHILIPS
• BENTLEY SYSTEMS
THEY ARE CUSTOMERS OF LITHUANIA22
Diversified industry, export oriented
PORT
LITHUANIAN DEVELOPMENT AGENCY
Opportunities in Lithuania furniture in Siauliai, Kaunas, Klaipedaelectronics in Panevezys (20 % European
market), Vilnius, Kaunas auto components in Klaipeda, Kaunasfertilizers in Jonava and Kedainiai (7 % of
world market)textile in Kaunas, Vilnius, Ukmerge food processing in Telsiai, Rokiskis,
Panevezys
LITHUANIAN DEVELOPMENT AGENCY
Investments, EUR Mill, 1st half 2002
0
50
100
150
200
250
300
350
400
450
500
Estonia Latvia Lithuania
Source: Bank of Finland, 11.10.2002
LITHUANIAN DEVELOPMENT AGENCY
CUMULATIVE FDI BY COUNTRY OF ORIGIN
(€ m, as of July 1, 2002)
579567
357336 335
209 193174
745
0
100
200
300
400
500
600
700
DEN SWE USA GER EST FIN UK RUS Other
Source: Lithuanian Department of StatisticsSource: Lithuanian Department of Statistics
LITHUANIAN DEVELOPMENT AGENCY
• Selection of production sites or buildings• Selection, introduction of Joint Venture
partners• Contacts with suppliers, building contractors,
government institutions • Information about operating costs, human
resources, incentives• Information about Free Economic Zones,
Industrial Parks• Liaison with relevant state and local authorities
LDA SERVICES
Source: Lithuanian Development Agency
TRAKAI CASTLE
THANK YOU AND
WELCOME TO LITHUANIA!