Key Market Indicators
Lithuanian Passenger Transport Expenditure is projected to rise to $227 million by 2028, up from $221 million in 2023. This marks a steady growth rate of 0.4% annually. Since 2015, Lithuania has seen its passenger transport demand increase by an average of 1.3% each year. In 2023, Lithuania ranked 29th globally in passenger transport expenditure, with Latvia surpassing it at $221 million. France, Canada, and Italy held the second, third, and fourth positions, respectively. Previously, Lithuanian Passenger Transport Revenue experienced a significant growth spurt. In 2017, it reached $281 million, a 44.1% increase from the $195 million recorded in 2016.
