Review of Klaipėda Economy

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       Klaipėda County is one of the leading Counties of Lithuania according to gross domestic product (GDP) for one resident and average wage. The most significant added value for Klaipėda is created by transport, manufacturing and trade sectors. In 2019 the unemployment rate in Klaipėda reached 7,1 percent. Such indicator is caused by favorable economic condition and a considerable concentration of companies.

      Comparatively low unemployment rate determines a rapid boost in wages. In 2017 the average gross wage in Klaipėda City reached 878,3 EUR per month, whereas in 2018 – 970,4  EUR per month.

         There  5 500 companies operating in Klaipėda City. (2020) Furthermore, foreign capital companies create more than 10 000 new workplaces. In the region of Klaipėda, foreign companies usually operate in the manufacturing sector. In terms of Klaipėda Free Economic Zone (FEZ), there are more than 100 companies, which have created a considerable number of workplaces, operating there. The common annual Export of companies operating in Klaipėda FEZ in 2018 was over 610 million EUR.

Foreign direct investments for Klaipeda City per capita at 2018 was 6,431.

 The resident population in Klaipeda City is increasing this year after year two years decreasing numbers. At the beginning of the year, there were 149 157 inhabitants in Klaipeda.

Reference: Department of Statistics (Lithuania).

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