(Unofficial estimates in USD million. The 2008 average exchange rate was 1 USD = 2.4 Litas) ITA industry code: CPT, CSF
The Lithuanian IT market is small but developing rapidly. Both public and private sectors cite IT infrastructure development as strategic priorities. The public sector has an IT infrastructure development plan. Businesses increasingly install corporate LANs. A growing number of private consumers are purchasing computers and peripherals.
The computer and peripherals market in Lithuania is well developed and all major hardware and software suppliers, including Microsoft, IBM, HP, and Compaq, have a market presence. There are about 500 computer companies in Lithuania, of which approximately 20 dominate the market. American-branded equipment and accessories account for 80% of the total annual imports in this sector.
The sale of personal computers started to grow rapidly from 2005, primarily because of new tax incentives that provide personal income tax deductions for PC purchases. . In the last few years, the internet penetration rate in Lithuania has grown to 37.4 % (EU-25 average is 48.5%). The number of internet users has risen 11-fold in the past four years, to 1.33 million subscribers. One in five internet subscribers enjoys broadband internet access. Lithuanians have access to the cheapest broadband internet in the EU, with prices for the most popular fast (1Mb/s) internet connection averaging EUR 14 per month, half of what users pay in most other EU member states.
The focus of the Lithuanian IT sector in recent years has been on creating the necessary infrastructure to meet the demands of an information society. Demand for software development and consulting is growing rapidly. Supporting networks -- including LANs and WANs -- and internet applications are in demand.
The best prospects for U.S. IT exports are powerful multi-media processors, networking equipment, and internet and e-commerce application software. Supporting networks -- including LANs and WANs -- and internet applications are in demand.
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July 2003 est.
A nice view of another pink palace in Vilnius, Lithuania