Lithuania Frontier
Europe · Vilnius · EUR (Euro)
Economy & industry overview
Lithuania is the largest economy among the three Baltic states, with a nominal GDP of approximately $84.9 billion in 2024 and a high-income, diversified market economy integrated into the European Union since 2004 and the eurozone since 2015. Key industries include petroleum refining, food processing, energy, chemicals, furniture and wood products, textiles, and a rapidly growing IT and fintech sector. The country has one of the most educated workforces in the EU and ranks among top EU states for multilingual population. Exports are led by refined petroleum products, furniture, machinery, wheat, and vehicles. Lithuania is an EU, WTO, and OECD member and has been actively expanding green energy infrastructure and defence spending in recent years.
Key sectors
📘 Learn everything about Lithuania →Macro
| GDP nominal, USD | $84.87B |
| GDP growth real, annual | 2.7% |
| Inflation annual | 3.4% |
| Population people | 2.9M |
| GDP per capita USD | $29,386 |
| Market cap total listed, USD | $6.53B |
| Market cap / GDP | 7.7% |
| Unemployment | 7.1% |
| Listed companies | 29 |
| Exchange | Nasdaq Vilnius (XLIT) |
Data year: 2024. Sources: World Bank – GDP 2024, IMF World Economic Outlook April 2026, Worldometers / IMF 2026 estimate, TradingEconomics / World Bank, Focus Economics, Wikipedia – Economy of Lithuania, Wikipedia – Nasdaq Vilnius, CEIC – Nasdaq Vilnius Market Cap (EUR 5.88B, May 2026), US State Department – 2025 Investment Climate Statement Lithuania, EBRD Transition Report 2024-25 Lithuania, European Commission Economic Forecast Lithuania, CitizenX – Lithuania Golden Visa Guide, LithuanianCitizenship.com, Nasdaq Baltic – nasdaqbaltic.com, Wikipedia – Ignitis / Telia Lietuva / Artea Bank / Baltic Classifieds, CEOWORLD – Lithuania Largest Companies by Market Cap 2024, FinancialFilings.com – Lithuania Listed Companies.
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LatviaLargest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Ignitis grupė ABIGN1L · Nasdaq Vilnius | Energy & Utilities | $1.49B | — |
| 2 | Telia Lietuva ABTEL1L · Nasdaq Vilnius | Telecommunications | $953.00M | — |
| 3 | Energijos skirstymo operatorius ABESO1L · Nasdaq Vilnius | Energy & Utilities | $884.00M | — |
| 4 | Artea Bank AB (formerly Šiaulių bankas)SAB1L · Nasdaq Vilnius | Banking & Financial Services | $680.00M | — |
| 5 | Apranga APBAPG1L · Nasdaq Vilnius | Retail | $175.00M | — |
| 6 | Amber Grid ABAMG1L · Nasdaq Vilnius | Energy & Utilities | $155.00M | — |
| 7 | AUGA group ABAUG1L · Nasdaq Vilnius | Agriculture | $95.00M | — |
| 8 | Lietuvos energijos gamyba ABLNR1L · Nasdaq Vilnius | Energy & Utilities | $88.00M | — |
| 9 | Pieno žvaigždės ABPZV1L · Nasdaq Vilnius | Food Processing | $72.00M | — |
| 10 | Invalda INVL ABIVL1L · Nasdaq Vilnius | Financial Services / Asset Management | $65.00M | — |
| 11 | Klaipėdos nafta ABKNF1L · Nasdaq Vilnius | Energy Infrastructure | $60.00M | — |
| 12 | Lietuvos jūrų laivininkystė AB (Lithuanian Shipping Company)LJL1L · Nasdaq Vilnius | Transportation & Shipping | $38.00M | — |
| 13 | Rokiškio sūris ABRSU1L · Nasdaq Vilnius | Food Processing | $55.00M | — |
| 14 | Šiaulių banko lizingas UAB / INVL Baltic Real EstateIBREST1L · Nasdaq Vilnius | Real Estate | $30.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market — the simplest route for many US investors.
| Ticker | ETF | Issuer | Scope | Expense ratioannual % | Exposure% of fund |
|---|---|---|---|---|---|
| GUR | SPDR S&P Emerging Europe ETF | State Street Global Advisors (SPDR) | Regional Delisted | 0.45% | — |
| EEMB | iShares J.P. Morgan EM Corporate Bond ETF | BlackRock iShares | Broad EM | 0.50% | — |
| ESR | WisdomTree Europe SmallCap Dividend Fund | WisdomTree | Regional | 0.58% | — |
Local exchange & access
| Exchange | Nasdaq Vilnius |
| Code | XLIT |
| Website | nasdaqbaltic.com |
| Currency | EUR |
Local broker access
Nasdaq Vilnius (XLIT) is part of the Nasdaq Baltic platform shared with Riga and Tallinn exchanges. Retail access for non-Baltic investors is typically obtained through European online brokers such as Interactive Brokers, Saxo Bank, or Swedbank (which operates in the Baltics), or indirectly via Baltic-focused ETFs or funds. There are no Lithuanian ADRs on major US exchanges. Ignitis Group is cross-listed on the London Stock Exchange (LSE: IGN). Settlement uses the Nasdaq CSD (Central Securities Depository). Currency risk is minimal for EUR-base investors as Lithuania uses the euro.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only — not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Temporary residency (renewable); permanent residency eligible after 5 years
Lithuania does not offer a traditional passive-investment Golden Visa (no real estate route). It operates a business-investment residency programme under Article 45 of the Legal Status of Aliens Act. The standard investor tier requires a minimum investment of approximately EUR 50,000 (~USD 54,000) in a Lithuanian business, along with a viable business plan and demonstrated operational activity. A higher-tier special agreement for large-scale strategic projects exceeds EUR 1.4 million. A separate Startup Visa pathway exists for qualifying founders with an innovative business concept evaluated by the Startup Lithuania Committee. Legislative changes in 2024–2025 tightened requirements, introduced stricter quotas, and enhanced compliance measures. The programme grants a temporary residence permit, renewable; permanent residency eligibility arises after 5 years of legal residence.
Minimum investment: $54.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Lithuania is an EU member state with full Schengen Area access. Residents benefit from EU social security, free public healthcare, and the right to work across the EU. The country has a well-developed digital infrastructure and English is widely spoken in business and academic settings. Non-EU nationals can obtain a residence permit in under two months via qualifying investment or startup routes. Vilnius is regularly ranked among Europe's most affordable capitals for cost of living.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US — investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Baltic Classifieds Group plc | LSE: BCG | Baltic Classifieds Group, a Lithuania-headquartered online classifieds company, is listed on the London Stock Exchange (LSE: BCG) and is a FTSE 250 constituent. It is not listed on Nasdaq Vilnius and has no US ADR. It provides indirect exposure to Lithuanian digital economy growth. | |
| Ignitis grupė AB | IGN1L / LSE: IGN | Ignitis Group is cross-listed on the London Stock Exchange (ticker: IGN) in addition to Nasdaq Vilnius (IGN1L). There is no US ADR. Non-Baltic investors can access shares via the LSE listing or through brokers with Nasdaq Baltic access. |