The Mineral Industry of Lithuania in 2014
2014 Minerals Yearbook LITHUANIA U.S. Department of the Interior December 2017 U.S. Geological Survey THE MINERAL INDUSTRY OF LITHUANIA By Lin Shi In 2014, the nominal gross domestic product (GDP) of Mineral Trade Lithuania was valued at about $48.2 billion. The country’s real GDP increased by 2.9% in 2014 compared with that of 2013. In 2014, Lithuania’s total exports, including mineral fuels, The share of mining and quarrying in the GDP was about 21% were valued at about $32 billion, and total imports, including in 2014. The gross value added from mining and quarrying metals, crude oil, and natural gas, were valued at about production increased by 1.1% compared with that of 2013, $35 billion. The country’s major export destinations were whereas the gross value added from industrial production Russia, which accounted for about 20% of the total value of increased by 2.3%. The country’s inflation rate was about 0.3% exports; Latvia, about 10%; Estonia and Poland, about 8% each; compared with 1% (revised) in 2013, and the unemployment Germany, about 7%; and Belarus and the United Kingdom, rate was 11.1% compared with 11.8% (revised) in 2013. The about 5% each. The country’s imports came mainly from country’s mining sector employed about 4,000 people compared Russia, which accounted for about 29% of the total value of with about 3,700 (revised) people in 2013. Lithuania was a imports; Germany and Poland, about 10% each; Latvia, about member of the European Union (EU), the North Atlantic Treaty 6%; and the Netherlands, about 5%.
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