Labour productivity growth is high, but the level remains low. Improvements in the quality of education at all levels and more on-the-job training can better match the skills of people to those needed by firms and ensure that growth is more inclusive. Business innovation would benefit from measures to strengthen the capacity of firms to absorb and implement new ideas.
Source: OECD June 2016 Economic Outlook database; OECD, Income Distribution and Poverty database; and OECD Secretariat calculations from EU-SILC – preliminary results.
Westmore (2016), “Fostering further productivity convergence in Lithuania”, OECD Economics Department Working Papers, forthcoming.
OECD (2016), Market Openness Review of Lithuania, OECD Publishing, Paris, forthcoming.
OECD (2015), Regulatory Policy Review: Lithuania, OECD Publishing, Paris.
The Competition Council of the Republic of Lithuania).
The Ministry of Economy established “Enterprise Lithuania” in 2009 to support small and medium sized enterprises and encourage Lithuanian exports.In 2015, a budget monitoring institution was established, located in the National Audit Office of Lithuania.