Employer Information : Lithuania :: Jobsearch.ie

Facts:

Population: 3.6 million
Area: 65,300 sq km
Borders: Belarus , Latvia , Poland , Russia
Major Cities: Vilnius (capital), Kaunas
Offical Language: Lithuanian (official), Polish, Russian
Major Religion: Christianity
Currency: Lithuanian litas
Dialing Code: +370
Government Type: Parliamentary Democracy

Economy:
  • Lithuania had a primarily agricultural economy before the USSR annexed the country in 1940. In the next 50 years the communists fully integrated Lithuania into the Soviet system. They abolished private ownership in agriculture, replacing it with collective or state farms. The Soviets also forced rapid urbanization by relocating workers from other parts of the USSR to Lithuania, where they staffed massive factories to produce industrial goods for the entire Soviet bloc.
  • The switch to a market economy in the early 1990s was abrupt and difficult. The rapid re-establishment of trade relationships following independence sent the Lithuanian economy into depression. GDP decreased sharply every year until 1994. Agricultural production dropped, while price deregulation and higher costs for imported energy produced massive inflation.
  • Yet in 2002 with GDP of $13.8 billion (the largest of all the Baltic states) and a real growth of 6.7%, Lithuania was a top-performing economy.
  • Employment declines in agriculture and industry, though, have given rise to much unemployment which reached 11.3% in the 2004.
Education:
  • There are now 19 universities and 84 vocational schools in Lithuania.
  • University has become a mass phenomenon because of the rapid changes in society and the expansion and emergence of new professions for which only a higher education can provide the requisite qualifications.
  • In 2001, 393,500 Lithuanians had a higher education, which accounts for 10% of the state's population.
Labour:

A country without abundant natural resources, Lithuania possesses a highly skilled workforce of 1.4 million in employment, generally employed in the following areas:
  • Services sector (trade and financial services)
  • Industry (especially textiles and furniture, but also electronics and machinery)
  • Agriculture, forestry, and fishing

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