Agricultural activities:
About 24% of the national GDP comes from the agricultural sector in Lithuania. Inspired by the farming standards of former USSR, the country produces excess crop amounts which are actually beyond the consumption capacity of the domestic population. Around 48% of the total cultivable lands are devoted to growing food grains while another 41% cultivates animal fodders. Moreover, this sector offers employment to about 19% of Lithuanian laborers.Industrial sector:
The Lithuanian industrial activities accounted for 51.3% of the national GDP in 1991. Among the principal industries of the land, following are worth mentioning:|
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- Cement production
- Processing of various forest products
- Building and construction materials
- Processing of different food items
- Textile manufacturing
- Metallurgical works
- Chemical industries
- Building of machineries
- Manufacture of electronic goods and appliances
- Generation of electricity and other forms of energy
Though the growth of the Lithuanian industries is subjected to occasional fluctuations, its standard remains more or less constant in different phases, engaging approximately 38% of the total population.
Lithuanian foreign trade:
Lithuania owes a major part of its incomes to the foreign trading activities, as the small local market is rather less competent to meet the financial demands of the nation. Foreign trade in Lithuania is free in nature, that is, the imported goods have very little or no tariffs imposed upon them.Imports:
Imports in Lithuania hiked up considerably from US $ 805,776 to around US $ 1.3 billion in 1992. The principal items imported include:- Coal
- Oil
- Natural gas
- Chemicals
- Machineries
- Varied products from light industries
