Review of Tauragė Economy

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            Unemployment rate in Tauragė 2019 is 8,4 proc. the ratio is steadily decreasing since 2015. 

            Tauragė has is a relatively small change in average (monthly) earnings compared to the average in the Republic of Lithuania. In Tauragė in 2017 average salary - 291,3 EUR/month and at 2018  - 758,3 EUR/month. That is the lowest average (monthly) earnings in Lithuania in general. It is around 20 proc. lower compared to average earnings in the Republic of Lithuania.

            Tauragė has more than 900 companies, that mainly consist of companies with less than 10 employees. Tauragė Industrial Park (TIP) creates great opportunities in order to attract foreign investments. Well-developed infrastructure and prepared land-plots for investments contributed to Tauragė Industrial Park attracting 15 foreign capital companies with more than 1000 new workplaces.

             Foreign direct investments for Tauragės region per capita at 2018 was 902. 2017 number is 20 proc. higher compared to the previous year.

              Resident population in Tauragė region is decreasing year after year. The 2020 had -485 less residents than 2019. In the beginning of 2020 Taurage mun. has 37 805 residents. 

Reference: Department of Statistics (Lithuania).

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