Political pressure groups and leaders: Lithuanian Future Forum
International organization participation: BIS, CBSS, CCC, CE, EAPC,
EBRD, ECE, EU (applicant), FAO, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM,
IFC, IFRCS, ILO, IMF, IMO, Intelsat (nonsignatory user), Interpol,
IOC, IOM (observer), ISO (correspondent), ITU, OSCE, PFP, UN, UNCTAD,
UNESCO, UPU, WEU (associate partner), WHO, WIPO, WMO, WTrO (applicant)
Diplomatic representation in the US: chief of mission: Ambassador Stasys SAKALAUSKAS (appointed 30 September 1997) chancery: 2622 16th Street NW, Washington, DC 20009 telephone: [1] (202) 234-5860 FAX: [1] (202) 328-0466 consulate(s) general: New York
Diplomatic representation from the US: chief of mission: Ambassador Keith C. SMITH embassy: Akmenu 6, Vilnius 2600 mailing address: American Embassy, Vilnius, PSC 78, Box V, APO AE 09723 telephone: [370] (2) 223-031, 227-224 FAX: [370] 670-6084
Flag description: three equal horizontal bands of yellow (top), green, and red
@Lithuania:Economy
Economy-overview: Lithuania has benefited from its disciplined approach to market reform and its adherence to strict fiscal and monetary policies imposed by the IMF, measures that have helped constrain the growth of the money supply, reduce inflation to 8.6%, and support GDP growth of 6% in 1997. Inflation is expected to fall in 1998 to 6% and GDP to grow at close to 7%. Foreign direct investment in 1997 of some $430 million pushed the country over the $1 billion mark, the first Baltic state to reach this milestone. However, the current account deficit has hovered around 8% to 10% of GDP annually since 1995-the result of greater demand for consumer goods and falling growth in exports.
GDP: purchasing power parity-$15.4 billion (1997 est.)
GDP-real growth rate: 6% (1997 est.)
GDP-per capita: purchasing power parity-$4,230 (1997 est.)