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GDP per capita in Lithuania rose from one third to two thirds of the OECD average level between 1995 and 2014, despite internal and external crises. Productivity catch-up was critical to this process, although the level of labour productivity also remains around one-third below the OECD average.
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The Survey of Adult Skills (PIAAC) directly measures proficiency in several information-processing skills – namely literacy, numeracy and problem solving in technology-rich environments.
Poor skills severely reduce a person’s chance of a better-paying and more-rewarding job, and have a major impact on how the benefits of economic growth are shared within societies. In countries where large shares of adults have poor skills, it is difficult to introduce productivity-enhancing technologies and new ways of working, which stalls improvements in living standards, according to a new OECD report.
Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable have access to employment and providing adequate income support for those that have lost their job are key for making labour markets and the economy more inclusive.
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Lithuania's energy intensity is high in international comparison. Lowering it will make the country less dependent on energy imports, while at the same time contributing to a reduction in emissions of greenhouse gases (GHG) and other pollutants.
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Ensuring that SOEs perform efficiently – and on a level playing field with private competitors – is crucial for allocative efficiency in the broader economy and sound management of public resources. Making sure that SOEs operate in a clean and transparent manner is critical for maintaining citizens’ trust in the institutions which have been tasked with overseeing SOEs on their behalf.
The Secretary-General presented the 2016 OECD Economic Assessment of Lithuania and met with Lithuanian President Dalia Grybauskaitė and high-level representatives. He also opened the Nature Research Centre, the Centre for Physical Sciences and Technology, and the CERN exhibition “Accelerating Science” at Vilnius University.
I am delighted to be here today to celebrate human progress driven by science, a theme dear to the OECD. Today we welcome not only the opening of the CERN exhibition “Accelerating Science”, but also the inauguration of the Nature Research Centre and the Joint Centre for Physical Science and Technology.
I’m delighted to be here in Vilnius to share the main conclusions from our Economic Assessment of Lithuania. This is the first report of this kind for Lithuania, but one which should be the first of many, now that Lithuania has embarked on the process of accession to OECD membership.