Business sectors

Lithuania is a rapidly growing hub for information and communication technologies (ICT). It is a center of excellence in IT solutions, software development, fintech, and world-wide renowned startups. The Lithuanian ICT industry is well known for its quality and well-developed infrastructure, the pool of ambitious young talents, and promising tech companies.

The Lithuanian Life Sciences Sector shows a strong traditions, consistent investments in infrastructure, has a rapidly growing number of startups that are noticed internationally. This sector has a pool of talented and highly-qualified specialists.

The food sector produces a major share of the total value created by Lithuanian producers. The most developed food processing subsectors are milk, meat, and grain processing.

Lithuanian furniture, wood processing have long-standing traditions in producing high-quality products. The industry is well-developed – modern production facilities are utilized and the workforce is highly skilled.

Lithuania is emerging fast as a key electronics manufacturing hub in the Baltic region. The country is renowned for its electronic, computer and optical products.

The Lithuanian engineering industry is the country’s largest processing production sector, generating 4 proc. of Lithuania’s total value-added. The industry consists of over 1.500 companies, employing 39700 specialists.

Lithuania is centrally located between three sizeable markets: Western Europe, the Nordic countries, and the Eastern markets of Russia and the Commonwealth of Independent States (CIS). Lithuania has also become one of the EU’s primary transport hubs.

In recent years, the development of alternative energy in Lithuania has been rapidly accelerating. The country’s government is focused on promoting the growth of the renewable (hydro, wind, biomass and solar) energy sector, with the ambitious goal of reaching a 23% RES share by 2020. As a result, the Lithuanian clean technology industry is gradually gaining a more significant share of the country’s total exports.

In 2019 construction sector accounted for about 8.3% of GDP. At the beginning of 2021 this sector has employed around 97 thousand persons or 10% of the total employment.

The Lithuanian printing sector transformed during the past two decades from state-operated entities into modern printing houses, competing with each other domestically and increasingly offering their services to customers abroad.

Lithuania’s textile and clothing industry, maintaining its centuries-old traditions, today is actively investing in creating unique brands and contemporary design, in effort to develop products with higher added value.

Chemicals and plastics, the two closely related sectors, stand out as some of the best-established industrial activities in Lithuania. The production of main chemicals, fertilizers and primary forms of plastics account for over 80 percent of the country’s chemical industry turnover.

In 2019 wood processing sector accounted for about 2.2% of GDP. At the beginning of 2021 this industry has employed around 27 thousand workers or 2.8% of total employment.
2,126 companies were active in the industry at the beginning of 2021 and 99.8% of them were small and medium sized enterprises (SMEs) with 1-249 persons employed.